The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1880-09-13
CHICAGO WEEKLY REVIEW.
Condition OF the Grain Markets for the
Past Seven Days.

CH1cAao, September 1.-THE whea
market has been suffering during, the pas
few days from what seems to have been
mixture between corner and scare
There seems no doubt but that certaiI
successful provision manipulation, who's
name is P. D. Armour, has secured som,
shorts on the wheat market, and that hi
intends to squeeze them a little. Th,
magnitude Of the corner Is, however, great
ly restricted by the very moderate amount
of dealing that has been done Of late il
wheat. The crop Is moving very slowly
the farmers being very busy seeding theil
winter wheat ground-a crop which il
growing rapidly in favor, and the crop ol
spring wheat In store Is as near nothing
as it gets 70 be in this market. There are
less than three.fourths Of amillion bushels
Of spring wheat now here, and the ship.
ments daily exceed the receipts, the dimi.
nutioh for the past week being over 200,.
900 bushels. The low rates OF freights aid
Mr.. Armour in his laudable enterprise
Of attempting to get the farmers better
price for their wheat, but as rule. they
seem confident Of the future OF the market,
misled, perhaps, by the strong advance In
prices which took place little more than
year ago. The chances seem good for q
little better rates for grain than now pre-.
vail, and fthe conditions remain the same,
and no unusual factor entersinto the trade.
it is likely that after the period Of weak
ness that generally comes about this time
OF the year, there will be smart rise in
prices, to the neighborhood OF 81 per
bushel, at which price farmers are usually
satisfied to dispose Of their crop.
The corn market remains pretty firm,
and the week has seen an advance Of two
cents per bnshel, but 1t was lost under in
creasing receipts and declining European
markets. Corn is pretty high Just at pres
entin comparison with other cereals, and
the farmers recognizing this fact, are
1t into market more rapidly than
ever known before. Receipts Keep up TO
splendid proportions, although the wheat
receipts are only about a quarter what
they were last year at this time.
The outward movement Is also strong
and regular. Its effect seems iuSt to have
reached Liverpool, where the declines OF
this week are beginning TO warn operators
that the thing is being little oveTdone.
The oat market has shadowed corn in
Its fluctuations and closes about where It
began, which is at the lowest point for the
week. The showing of the Commercial
Bulletin, as to the crops in the Northwest,
have had depressing effect on the mar
kets, for thatpaper's figures are considered
as better authority than those OF any other
and are taken by many commission men
preferably to the Governments estimates
and compilations, because they are iresher
and are usually borne out by facts.
The Bulldfn'I returns give vast winter
wheat crop, larger than ever before, 9
spring wheat crop little above the aver
age. q corn crop as large as last year, aud
an oat crop pretty well up TO the average.
The hog crop is also found to be enor.
nous.
Provisions remained pretty steady, but
here was gGIeral stifening in prices
Sales for the week were, ior the October
option: Wheat SSsA9S!c Corn, 40a49c.
Oats 2Sa3Oc, Pork Sl7BAl7 20, Lard IA
5 l7lc. The closing October prices we're:
Wheat 92ts02tc, Corn 40lc, Oats oslo,
Pork Sl7 65al7 zoe, Lard SsS 02!c. The
closing cash prices were: Wheat 9S!a08Sc,
Corn 39lac, 0ots 2sIa2stc, Rye $3Ic, Bar.
ley. 7Lc, Pork SIT 50Al7 70, Lard 7.95c- Re.
csipts for the week were: Wheat, 367, 1000
bush; Corn, LIS, 900 bush; Oats, 49l 900
bush. Shipments: Wheat, 57l 900 bush;
Corn, 1885. 900 bush; Oats, 100000 bush.
Receipts same time last year: Wheat, l..
,2l 900 bush; Corn, ! 1921 900 bush; Oats,
306, 600 bush. Shipments: Wheat, 1857
700 bush; Corn, LAS, 900 bush; Oats, 1885,
M hnsh.