The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1897-10-04

CHICAGO-The bears ran the wheat
market to-day in spite OF the help the
bulls received from the drought Paris
was unaccountably very weak and this
ENCOURAGED the selling which resulted
Ia decline of SGBc In December
Corn was firm and advanced hqkc
Oats were unchanged at the close and
provisions 2lsc lower. There was mod
crate degree of strength in the wheat
pit at the opening. December starting
at 9OHc. as compared with yesterdays
closing prices OF 9Oikc, and advancing to
s0Ac at once. The ilrmness was due In
great measure to the continuance OF
the drought In the west which is daily
growing more serious, with no immedi-
ate prospects Of rain. The Liverpool
cables showed unexpected steadlness,
considering the drop here yesterday and
were also a factor. But the little bulge
with which trading commenced was
soon obllterated under a flood OF selling
which was participated in by many OF
the biggest operators on the floor. The
fact that some OF the outside markets
were at the time relatively much weak
err than Chicago, helped along the de-
cline which carried the price Of Deem
Der down to S9sSc, almost without a
stop The statistics Of the day were by
no means bearlsh, but traders were de-
termlned to sell. nevertheless, and sell
they did. The liverpool market was
quoted irregularly I'D lower for De.
cember and hd higher for May. Chicago
received 1853 carloads. Minneapolis and
Duluth reported I 1883 against / .26G
week ago and i,i7i the similar day Of
the year before. Chicago receipts for
the week were l295,3iS, and the ship
ments 703.2l2 bushels. The weeks ship
ments from both coasts were 1924, 900
bushels, against sos 600 bushels the
week previous and i2i5.0OO bushels a
year ago The general expectation re-
garding the visible is that II will show
100000 bushels increase Monday. The
decllue TO S9%c was followed by rally
to 30. Covering by shorts start
ed the recovery and when
New York reported a liberal
foreign demand at the decline. the mar
ket grew quite strong temporarily, The
closing weakenss Of continental mar
kets was tho latest Influence and sound.
ed up the session dcclsively In favor Of
the bears Paris reported decline In
ll'hl I'llN'll'H f'llNl W shNf lfT huNlH
81 andsin more remote deliveries the
weakness was much more pronounced,
the decline being at the rate Of jl4c PET
bushel for the janunry-Aprll term Ant
werp reduced quotations the equivalent
Of from Nc 10 nc per bushcl The
surprising break at Paris fairly took
the breath away from the bulls and
knocked the props from under the mar
kct IN hurry December finally sold
down TO SDhc and closed at s9hdS99sc
bid.
with the exception Of q short time In
the morning corn was irrcaponslvo to
the weakness OF wheat The market
averaged nrm ana closed at hThc ad.
vance. There was no break In the
drought and this fact caused q quite
general covering by shorts The mar.
kct was helped also by the absence by
the shipments from Argentina, which
country was exporting heavily a ycnr
ago and by some reports Of the inferior
quality Of nov corn Local receipts were
Csc cars ClcnrnnCrs Tor the wcpl, woro
2a3S999 bushels December ranged from
29hd20Mc to zoe, closing at 20Ac bid.
oats were dun, both In the cash and
speculative markets No independent
features Of interest developed, The mar.
kct tnllowlug the fluctuations of corn,
but Within narrower range Receipts
amounted to IA cars, Charters we've
for 10000 bushels December ranged
between lDHc And lniic closing un.
changed at lOMc aided
Provisions wore dull Tho decrease In
stocks was better than, expected and
ms hhd the effect NJ ciuHng the mar
kot 10 recover tromau cnrly ilrcllitv die
To the yellow toyor noWl There was
o,porlhl pressure ON potE outside epoc.
ulotlvo orders were llrht Al the close
December pork was glgc lower nj tg 20,
December lard 2A QiH lower at a 65i
\ 6ib and December ribs about uu.
rhrnurt at 81 10
Estimated iuruIplH Monday.
wheat 30 cats, rDrn GIj cara. oatn
il2 cara, hogs, $4,000 head.