The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1900-03-21
New York Mining Stocks.
Rrendatnf,s and Proviaiona.

CHICAGO-A bulge Of SOC IN the price
OF May pork, the result Of q small panic
among shorts in that article, was the
feature OF trading on change to-day.
The advance was due to fear o. q cor
ner, and the shorts stocks on the mar
ket reacted quicker than It had risen
when the stun once began to come on
the market. May pork closed 24sc lower;
lard and ribs, 5971ac lower, Wheat was
dull. but fairly steady, helped by bet
ter foreign demand, and closed h0Ac
higher. Corn declined &c, and oats
closed a shade lower, A belief was prev
alant that the markets were being
manipulated by clique Of scalpeTs.
Early trading in wheat was marked
by considerable liquidation. Cables
were lower at the opening and continued
to decline, which, with the continued
large receipts in the northwest and the
absence OF foreign demand, left the
market practically without support
May opened unchanged at 669s @BB45c.
Pressure to llquidate, which soon be-
came quite general, forced the price
back to 661sc, Below this price, how
ever, the bears could not foresee the
market, and shortly before II o'clock
good demand sprang up, local shorts
and outsiders giving support to the
market and advancing the price to 6B9Sc.
This demand satisfied. the market again
relapsed into a condition Of heavineSs.
with the price fiuctuating within a
narrow range During the last hour OF
trading strength again developed. The
visible decrease-1,8 2S,000 bushels-Was
more than expected. This stlffened the
market appreciably, and when the sea-
board reported an improved foreign de-
mand buying became quite brisk, the
May price reaching the best point Of
the day-66%c. The market closed
steady at that price. Chicago receipts
were "a cars Minneapolis and Duluth
receipts were ZIG cars, compared with
932 last week and 1858 year ago. Total
primary receipts were Sill 900 bushels.
Clearances from Atlantic and gulf
ports amounted to 1900 bushels. The
seaboard reported thirty loads taken
Tor export. while 10000 bushels were
sold here for shipment. Chicago con-
tract stocks decreased 81. 900 bushels for
the week.
Corn was dull and inclined to weak
ness, prices ruling little lower all day.
News was not Of a character to mater
tally influence prices and the market
was apparently controlled by scalpefH,
Country offerings were reported lit
tie more liberal. The shipping demand
was only moderate. Receipts were SOB
cars. May ranged from 37hc to STs0
S7lsc. and closed nc lower, at S7kc.
Trading in oats showed no indications
of recovering from its present condi-
ton Of almost utter stagnatlon. Spec
ulative business was insignificant and
prices kept within the usual narrow
range The feeling was rather heavy,
In sympathy with corn. Receipts were
315 cars. May ranged from 24c TO 241sc,
and closed n shade lower at 2lc.
Provisions were active, the market
at times being in n semi-panicky con-
dition, so far as pork was concerned.
and the price of that commodity covered
a wide range Small stocks Of pork. the
continued advance in the price of hogs
and fear that corner might be at
tempted, brought about strong buy
ing movement shortly after the opening,
and as the price vert skyward shorts
tumbled over themselves in their eager
a very few minutes.
Then offerings became liberal and the
market fell a great deal faster than 1t
had advanced, soc being clipped Off the
advance in about two minutes. Later
another selling furry chopped of SOC
more. but before the close confidence
had been restored and the price had
again advanced to about yesterdays
closing figures, Late in the session
there was considerable selling pressure
put on lard and ribs. and those Commod-
tiles suffered in consequence, pork also
weakening somewhat. The close was
rather nervous, with May pork PIC
lower, at 81 40; May lard, TIC lower, at
SO Of. and May ribs, 567lkc lower at
Sc 10.
Estimated receipts Wednesday:
Wheat, "a cars; corn, $50 cars; oats,
1875 cars; hogs. 10000 head.
The lendinE fntures rnnged rs Follows: