The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1900-03-14

Breadstuffs and provisions.

cHICAGo-May corn declined a
shade over q cent early to-day on
profit takings, but recovered on cover
ing by shorts closing steady B9isc UNI
der yesterday.
Wheat was heavy, Influenced by
heavy receipts and poor speculative
demand, May closing %9hc down. Oats
closed M@Ac lower and provisions 21ee
to 10c depressed.
The crowd in the corn pit was much
greater than 1t has been at any other
time for year. not even excepting yes
terday when the two cent bulge made
the coarse cereal the cynOsure OF spec
ulatiVe eyes. The price was controlled
by two influences ut various times
sales for profit and covering by shortD.
May opened &c over yesterday at SSkq
3S%c. Then the excitement began.
Longs who had gathered in the sheaves
montha ago came into the pit and
reaped their rewRrd-Or as much Of It
as they deemed advisable to take at
present. II wns estimated that many
hundreds Of thousands OF dollars were
taken out OF sales to-day. Meanwhile
May was shooting down from first fig
ures to S7kc, drop Of l0lBc from
the opening. At the decline the excite
mGnt abated to n degree and shorts
who had waited to avoid covering on
the bulge began to protect themselves
against another ascent. Under this IN
fluence and with the light country Of
ferlngs and higher cables In mind May
recovered gradually to S7%0SSc Later
the market reacted 70 3I1sc, where 1t
gtendied and closed %dDMC under yes
terday. Liverpool was up Id for spot
and lHd for futures. Primary receipts
were 777,OO0 bushels, compared with
23s 900 year ago. Atlantic port clear
nnces were 234,0O0 bushelg Local re-
celpts were 6S4 cars, 1856 cars under the
estimate. New York reported twenty
one loads taken for export Cash sales
from here were put Mt 10000 bushels
and Philadelphia reported foreigners
bidding Mt the advance. The statistical
situation remained practically UNI
changed. The wheat market was quiet
and rather heavy subordinate to corn
all day. May opened &c over yester-
day at 667S6Gshc, influenced by higher
cables from Liverpool and from Paris
and with the corn strength. The break
In corn, lower late cables and the
heavy northwest receipts, together With
proflt tnking by traders caused re-
action following the opening, May de-
cllning from 66lhC. which the market
touched shortly after tho opening to
G5A0G5Mc. The close was heavy, May
%8Mc lower ut 65&c The cash busi-
ness was encouraging. 100000 bushels
being sold from here direct to Liverpool
while New York reported nineteen
loads taken for export. Atlantic port
clearances in wheat and -four were
euuaI to IIs,0Oo bushels, Primary re-
ceIpta were 6Ss,0OO bushels, against ESQ.,.
900 bushels last yenr Minneapolis and
Duluth reported 9S2 cars against %!
last week and CSC year ago. Local
receipts were Olghty-thres cars, one OF
contract grade.
The oats market furnished the unu-
sunl spectacle, for II, Of some activity
and strength early. Influenced by wheat
and corn. The exhibition was OF short
duration, however, and with the break
in corn the market declined and the
wInd-up was rather weak. Local re-
ccIpts were 62S cars. May ranged from
24c to 2SX 02sNc and closed b0ho un-