The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1899-04-12
NEW YORK MINING STOCKS.
Rrcalstufrs and Provisions.

CHICAGO-The wheat market to-day
ruled weak and strong By turns within
range OF lEc on crop damage news,
May finally closing with gain OF &C.
Corn Is unchanged and oats &c higher.
Pork lost 15c, lard nc and ribs SC.
The impulse among wheat spectators
at the start was to sell on the govern
ment crop report, which was regarded
as bearish. May opened B6Ac lower,
at from 71%c Down to, 703sc. and as
there was no great amount Of wheat
wanted to begin, the price declined
steadily TO 7O3sc The decline was ac-
centuated by report from Kansas City
to the effect that the Kansas crop had
without doubt improved wonderfully In
the last few days. The more the gov
ernment crop report was considered and
analysed the more the trade was in
clined to doubt II It could rightfully be
given n bearish Interpretation and
many OF the early sellers wanted back
fcrmcr holdings. Statis:ic!an Snow, In
his report, based on more recent ud-
vices than the government received, re-
ported severe declines within week,
reducing Indiana 10 per cent; Illinois 10:
Missouri IS, and Kansas 5. The latter
report had much influence with traders
and turned the general pit feeling from
the selling to the buying side. May rose
from around 70isc to 72Ac on the buying
1t melted. substantlated as 1t was by
numerous private reports of deterIornt-
ing conditions. Chicago received lis
cars. OF which eight were graded con-
tract. Minneapolis and Duluth got 1876
carloads. compared with 1Sl year ago.
Atlantic port clearances of wheat and
flour were 10000 bushels. BradStraet's
reported worlds visible decreased since
last week $4,000 bushels, compared
with 1,416.000 bushels Increase the like
week last year. In the end the market
began to give heed 10 the little peepng
note OF improving prospects In Kansas,
and to turn a deaf ear to the perfect
howl OF distress from other interests.
Liquidation set In on heavy scale and
the market lost the advance about as
fast as It gained II, May closing with
sellers at 1la27lssc. The corn market
kept in range with wheat. Receipts
were light and promised 20 remain SO
for some time to come, but the weather
was seasonable and promising fer the
pushing of spring work on the farms.
There was fair cash demand. Receipts
2a9 cars. May opened shade lower ut
'S.'t ~ lHtIl NlopIIi
back TO MAc, the closing price. Oats
were fairly active with trade OF gem
eral character. More favorable weather
caused casiness In July delivery, while
the good demand for May from shippers
held this delivery quite strong. Re-
ccipts l6S cars. May began shade
higher at 26Is12shc; advanced to 2GEc;
then reacted TO &c, and closed at 26l4c.
Liquidation weakened provisions.
Caslrtradc showed come little improve
ment. but the stocks OF lard are accu-
mulatlns fast and bulls in this product
were discouraged because the May and
June run OF hogs Is now near and May
liquidation In order. May pork opened
@sc lower at 81 l7i&.: touched 80 20, then
sold on 10 50 02h, and closed at 50 o..
The range In lard and ribs was small.
Estimated receipts for Wednesday:
Wheat. Il cars: corn. 40 cars; oats, SO
cars; hogs. 5000 head.
The lendlng futures ranged as follows: