The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1899-02-02

CHICAGO-Continucd liquidation by
speculative longs to-day weakened
wheat. The decline was checked by
some export business ut the seaboard.
and IT the close May wheat had rcCOv-
| cred all but &c OF an early slump OF
sale. Corn and OTIS freed themselves
from their eHtanSling alliance with
wheat and left off with an improvement
OF sc In corn and AG5sc in oats. Pork
advanced 5mIkc. lard exc and ribs &c.
Comparative N-mHess at Liverpool,
considering the sharp slump here yes
terday, gave wheat a good start. The
weather throughout the winter wheat
country was recognized as being very
trying on the plant. and as the fields
were said TO be for. the most part bare
OF SHOW some apprehension under such
conditions was unavoidable. May
opened b@Ac higher at AZ 41Sc. and
as there was disposition on the part
OF several shorts to cover the price
touched .jhc. Chicago received SIS car
loads as against Al for the same day last
year. Minneapolis and Duluth got 400
cars. compared with PA for the cores
bonding day n year ago. Primary west
ern market receipts aggregated 5Si 900
bushels, whereas SIS, 900 bushels WAS the
total the preceding year. Cleararces nj
Atlantic ports Of wheat and flour for
the day. exclusive OF Newport News.
cquniicd &c. 600 bushels, The early signs
Of rccuperatlon in the local market dis
appeared under the dlscouraging weak
ness OF the New York market. While
at Chicago the price Of May wheat
| showed n hsc advance Of yesterdays
closing price. New York did not recover
more than &c. As the heavy shorts
who had sold May wheat from around
&c, showed no inclination 10 recover
| on the early advance, the market was
left without support as soon rs Il few
! Of the more moderate operators had
| taken what profit the Improvement in
| prices gave them. Then holders Of long
! wheat loaded down the market with Of
terlRgS and May declined quickly to
i3Nc. That figure brought May within
| the limit OF some orders for export. and
| this caused enough buying to send May
up to 74H@TiEc, where 1t closed.
] Moderate receipts. light offerings and
n good shipping demand strengthened
corn. Receipts were only +Ji cars, and
New York reported n moderate demand
| for export. May opened iSIEc higher
ut 31MITaic, advanced to 3I;Sc. saggcd
| OFT to 57hc OF some profit taking, then
| rallied to 37Tsc. the closing figure.
| 'siNS "'ic SluH' bNl srtl'IiN. INCNti'lS
| were lO3 care. and n large movement
Is anticipated on account OF the re-
! duccd rates which went into effect to-
day. May began ANhc better at Csc,
| reached 2SMc. sold down TO s7Ic. then
| recovered TO 2Shc Mt the close.
Provisions started Arm, but became
| weak uEdor the influence OF the fore
| noon break in wheat, Later, however,
the market rccovctcd again on the re-
| ported healthy tone OF the cash trade.
| Some of the early weakness was
aacribcd to Il large Increase In stocks
nj Liverpool. May pork opened 2N@5c
| higher at so 37hml0 40. rose to SO i@IG,
sold of TO $40 21is. then 'iirmcd up TO
$40 i0nl0 ~ at the close. The range
! In lard and ribs was narrow.
Estlmatcd receipts for Thursday:
Wheat. 81 cars; corn. go cars; oats.
LIS cars; hogs. 81 ZOO head.
Cash quotations were MS follows:
Flour. quiet and easy.
| Whcat-No. spring G9d73c: No. 3
spring G5is&7lc; No. red 7G@74e.