The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1897-11-10

CHICAGo-A decline of l%c marked
to-day's trading in wheat This was the
result OF very choice collection OF
bear news, Including weak cables, fav-
orable state crop reports and a large
visible increase. Corn was sustained
by a good cash demand and closed I'M
changed. Oats declined about &c. Pro-
visions were weak from the start and
closed 10000 lower.
Wheat started at from &c to &c be-
low the price at which 1t closed at yes
terday. Copious rains had been falling
since the previous session ended and It
was still wet when trading commenced.
Crop prospects In Nebraska and Kan
sas In consequence OF recent rains were
said TO be the brightest In gears. The
Liverpool market was I'D lower than II
closed the day before when II was first
heard from here, although the record
showed that Il had opened AT n tritling
improvement. Chicago. which was eX-
pected to receive 10 cars, had 2l7 in
spccted into store, besides another car
10 from Duluth OF 5000 bushels No.
northern spring. Minneapolis and Du-
luth reported / 1876 cars against l,0iS
week ago and TAG the corresponding day
Of the year before. The Michigan state
crop report showed condition of Sc and
said that the seeded area was per
cent greater than last year. May wheat
opened at S9T dS9%c. against yester-
days closing price Of gOHd9OAc, and
gradually declined 20 S9hc. Later In
the day there was little outcropplng
OF bullsh items that stayed the hands
OF the sellers for time CleaTings from
Atlantic ports amounted in wheat and
-four to $4,000 bushels. There was
slight recovery IN Liverpool reducing
the net decline in futures for the day to
I'd per GENITAL and following that the
taking OF 100000 bushels Manitoba
wheat at New York for the continent
Freezing weather was Uedicted
throughout the west for tomorrow.
Bradstreets report on the worlds WIS.,
ible supply showed an increase Of g.
100000 bushels, This item increased the
selling pressure, and May. which in the
meantime had rallied to 9Ohc, declln-
ed to S9hc again. Paris quotations
came lower for both wheat and flour
There was an Increase Of 100000 bush
els in Chicago contract wheat The
total now Is 1884. 900 including Gl5,OOO No
northern and $4,000 bushels No.
red Receipts ut primary points were
| .2669i bushels. against 10000 bush
els last year The market became very
weak near the close, although there
was no Increase In the volume OF
tIlde Mny finally sold down to SSAc
and closed at SS7s dS9c,
Corn was firm In spite Of the weak
ness I'm wheat The continued rains
small interior offerings and the stron-
ger position of the cash market were
largely responsible for the sentiment
Cables were firm as were outside mar
kets Contract stocks showed n de-
crease Of 1885, 900 bushels, Trading was
very quiet, consisting mostly Of chang
ing or scalpIng. The extreme weak
ness Of wheat had little influence to-
ward the close. May ranged from 3Ohc
to 207sc. closing nt slight changes at
29Ts d3Oc.
oats were somewhat easier at slight
decline. Rocclpts were liberal, i27 cars
and larger receipts are talked. This
and the weakness of wheat caused
moderate selling The visible lncp1g-
"a $1,000 bushels Contract grade stock
decreased 100000. which had good In
Auenee The shipping demand waa
good May ranged from 2lNG22c to
2i9tn2lAc and closed hGhc lower at
2iNc
Provisions were very heavy The fo1-
ture was the Unexpectedly heavy run
OF hogs, about 1000 more than cstl.
mates This caused weak opening
aud was responsible for moderate Haul
dalton which continued all day, The
weakness NJ wheat was likewise an In
cldcul that helped the bears, AZ the