The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1900-07-04
Breadstuffs and Provisions,

CHICAGO-Wheat was firm and ac-
tive to-day, under bulitsh advices from
home and abroad, August closing 1h6D
1&c over yesterday Corn closed 10
1Sc up and oats hc improved Hog
products at the close was better. Longs
In wheat had evidently absorbed some
hope during the night. This was appar-
ent when the market opened. They
had In mind the fact that the market
bnd declined lie from the top and
hence might be ready for reaction
The main influence at first. however,
was the unexpected stendiness of LIv-
erpool in face of the 2Mc decline here
yesterday.
The market showed only fractional
loss and during the first trading hours
regained some of that. 1t was also re-
ported that Liverpool shipping bids
were nearly on n parity with American
prices. August wheat opened i&6IliSS
lower at 7S3s@79At, und shortly after
ward sold TO 7G3Sc. On profit taking
August reacted to TS;Ac, which proved
to be the bottom price for the day
There were more rains In the north
west. but reports from that section
said the three days precipitation OF
moisture, although heavy. had CONG too
late. Complaints that the crop In
North Dakota and Minnesota was al.
most Il complete failure were numerous
From Chilli came the report that rains
Ind prevented sowing, rendering Il
small crop next season Inevitable. This
sort of news sent the shorts to cover.
Their buying, coupled With some out
side demand and support from influen-
tlal local bulls, caused rally which
carried August to SO9Sc. The bulge met
the usual profit taking and the market
dropped from the top to 791A1TgMc. but
the close was strong, August 1sMasc up
at 199aG79kc. Seabourd clearances in
wheat and -four were equal to iS0,0
bushels. Minneapolis and Duluth re-
ported nincty-siX cars. against 1873 last
week. Local receipts were iis cars.
seven of which were OF contract grade.
Corn gave an exhibition OF strength
and activity which was partly due to
wheat, but principally to its own condi-
ton. Hot weather In Kansas and Ne
braska and an excellent cash demand
were Important links In the bull chain
Liverpool was higher for. futures. but
depressed on spots. Receipts were !, 1Gl
cars. The outside demand was excel
lent and the covering Of shorts on Il
liberal scale. August sold between
A2hc and a3Ac, closing 1mlMc up ut
43MM43Ac. Oats were bit ensy fol-
lowing firm opening. but turned up
ward later In the day, helped by corn
and wheat. and closed firm. There
was considerable liquidation by north
western interests and this caused the
depression carly. During the Inter
huff OF the session shorts were the
best buyers Receipts were 1863 cars.
August sold between a3tsc and 22asc and
closed &c better at ENC. tl5'
The provisions market was strong
and moderately active. Hog receipts
were light and considerably under the
estimate. The grain strength was a
help md there was less selling by
western packers than there hns been
recently. Shipments OF produce during
tho twcnty-four hours preceding the
session were very lurgc. Shorts were
the best buyers. September pork sold
between $l3 90 and 81 30 and cloRcd Ice
aver yesterday at sl9 90: September
lard between 81 90 aud 50 0Od6 02,s
closing TIC better at 50 s2Ia, and Sep