The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1897-10-13
nread.tun. and prorl.lon,.

CHICAGO, Oct 12,-It was day OF
| liquidation In all the grain and pro-
vision markets. The government crop
report was especially prominent. Weak
cables and large visible&iecrease also
| affected wheat, which closed at q 1Aa
1No decline Corn lost &c; oats. &c
and provisions, which had dlscouraging
yellow fever news to contend with. de-
cllned zoe for pork and 59l0c for lard
| and ribs.
Wheat was weak at the opening, De-
cember, which closed yesterday at 9l%
| @Dll2c, Starting to-day at 90ssG90%c.
The government statement In Its Oc-
tober report says that the estimate OF
area and condition of wheat was with
held pending special, Investigation and
was given n very bearlsh construction
by the trade. 1t was taken as notice
that the previous estimate of area was
to be Increased. This and the weaker
tone at Liverpool, which market opened
tb9Rd lower, and the local decline in
corn, made the trade beartsh. Despite
the weakness in Liverpool. the French
markets were qhberal and there were
indications of continued French buying
at the seaboard. TlH northwestern re-
ceiptS showed a marked failing Off Du-
luth and Minneapolis receipts were
1857 cars, against 1853 cars a week ago
and 1888 cars the corresponding day of
last year. Notwithstanding the bear
ish temper OF the trade the market de-
clined very slowly. Ii even sold UP
triiie shortly after the opening, Deem
Der advancing TO 90Ng9lc. BY II
O'Clock 1t was selling around 90c. AS
the day advanced, however, II became
decidedly unpleasant for holders OF
wheat. The Bradstreet statement
showed an Increase In the worlds Wis
ible supply OF S.2l2, 900 bushels for the
week. where an increase OF not over
100000 was expected. This caused re-
newed selling, December declining to
$3.50 under decidedly free liquidation
The Liverpool closing was Idld lower
than yesterday, and the continental
markets, which had been strong at the
outset, closed at slight declines There
was nothing IN the days record Of
wheat movement to discourage holders
Primary market receipts were 1918, 900
bushels. against 100000 bushels year
ago: Atlantic exports equalled 10000
bushels. New York reported export
engagements OF 80 boats. After the ef-
feet Of tho Bradstreet statement had
been spent the tenor Of the news
seemed to change There were denials
that the Argentine drought had been
broken and renewals OF the assertions
OF damage by locusts Very strong
local buying attended these bullsh re-
ports and gradual recovery In prices
ensued. December was bringing gOHc
at the close.
Corn was weak on account of the gov
eminent crop report. This Indicated n
total Yield Of l,S2SOOO bushels, or fully
l99,999.999 bushels more than the trade
had estimated, and severe lIuuidatIon
was the consequence. The shipping de-
mnnd showed no Improvement, not
wthstandlng the break in prices. Iiy-
erpoOl cables were kQAd lower, nm nd
dltonal depressing factor Rcceiptg
were Sl7 cars. There was Martial
rally late In the session In sympathy
with wheat, December ranged from
2Ghc to 27ac, closing 20 lower at 27%
Q20c,
In oats tho goVcrHme,A report WINS
the most influential feature, and was
mainly responsible for the decline in
prices, A yield Of 72OOO.OOO bushels Is
expected, or 100000 more thnn indl-
Gated In September This together with
the weakness OF wheat aud corn, caused
liberal selling by professionals, OFFER
Ings were quite, readily absorbed. Tho
market experienced slight rally when
wheat made It's final recovery Receipts
were i27 cars December ranged from
l9hc to lSNc aud closed &c lower at lQc
bid
Provisions started strong In sympathy
WIN an advance in hog prices The
Hlight advance disappeared at once tn-
der free selling by English houses, who
found 1t dlillcull to dispose Of their of
fcrngs Dscournglng yellow foyer
news and the extreme weakness Of the
grain markets caused that market to
rule weak untIl near the close, when
prices recovered little At the close
December pork was zoe lower Mt 81 GO,
December lrfd, be- lower nj 81 ggib, and
December ribs ~ alOc lower at 81 40
Estimated rccclpH Wednesday,
Flour easier
wheat, no cars, corn, 40 cars, oats.
27b cars hogs 10000 hcnd
tdHh quotations were nR foll0wa,
wheat = No ? aprlnu. g5Hc No 4
spring wheat, Tn@d No 9 red. OO4G
DOhc
Corn-No 2, 2ONc, No. yellow, gGgc
OntR-No, q lShci No 2 white, gla
29Ari M, white, s0h@a2c.
liyo No. 9, i5c
Barley No nominal, No .. gSdIgc.
No T. gdlhg3st.
TlaAseed-No, 1, u oOql o.