The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1874-08-01
Excitement in tho oats lTarke,.


Oats advanced yesterday in New
York to the unprecedented price Of Oh,
dollar per buShel--an advance Of 20 cent?
in two days, On Thursday morning
they were quoted at 80 cents in store fol
prime white oats. The sudden discovery
Of . light stock seems to be the only ex-
PLANTATION offered, but the real impulse
may be "rfng" movement Of some kind
something like the celebrated coffee
movement few months ago. The Gin
cinnAti Gazette Of last night quotes "good
70 choice new mixed and white at 4e and
SO cents" land remarks that "old oats arc
scarce and would bring fancy prices.'
The Baltimore American Of yesterday
(recelved after ten last nighD says thai
the receipts oi oats arc liberal in that
market, but the price Is firm and ad.
vancing. Southern are quoted at 80 and
65, and new western at 90 and G2. Later
quotations, however, are given in our dis.
patches this morning. The Chicago Fri.
6uHe of Thursday speaks thus Of tho mar.
kot out there: 0s'
"0Ats were 10 active demand and excl
ted. The chief interest centered on this
months deliveries, the market for which
averaged &c higher than yesterday, under
an actual scarcity. Cash oats were want.
ed by local dealers, and oatensibly TOR
shipment, as the New York quotation Of
terS good profit even at present high
prices. Our stocks here are reduced 10
almost nothing, and the many who omit.
ted 10 flll in their July shorts till now,
expecting the July premium to disap.
pear by inc end of the month, have been
caught mapping, Old No. 2sold at 53ia
54c, but there were afterwards FREQ buy
ers at Doc, with none offered. New No.
2 sold early at 50c, and later at 52c. Bel.
Ter three months sold at 52a5Sic, closing at
the outside. The more derierred options
we're ia1c higher, but closed dull at in.
side quotations. Seller August sold at
seller September at ,34tA34ic;
and seller the year at $3.50.
Perhaps the following remarks from
tho Tribune in regard to the corn market
may explain what It Is that ails oats just
at this time. We quote from its Thurs
days issue as follows: '4aF
"Corn was very active, and very much
excited. The parties who control the
market for this month (if not for next slso)
made drive last evening, as reported in
our latest, and followed It up thus morn
Ing, causing an advance of 9c per
bushel from the highest price paid
on Change yesterday. They. put
the price up themselves, and bought
rather large quantities before other
people would take hold at the advAnc-
ed figures. Then there was rather spir-
ited bidding for a time, due to the rumor
that the clique would not accept orders
for delivery on their own brokers, as they
intended to deliver and avoid deliveries,
by the ruse referred to above. This caused
q few parties to buy, who had already
supposed the deals TO be covered, but the
bulk Ol the purchases near the top Of the
market were made by the clique. The
market for cash opened at G0c, advanced
to 73c, and closed at about 72c, with no
distinction between No. 2 and high
mixed. Seller the month sold at 67iA70c
in settlement, between outsiders, while
the clique held their part OF the deal at
71a7Sc. It is not improbable that the
rumor above referred 10 was put out sole,
ly for the purpose Of frightening the
shorts into paying more than they would
otherwise have been willing to do, as it is
not likely that the trick would actually