The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1897-08-23

Mo. Pncitic..... N Sugar ..,,..u. .1iSli
N. ]. Central..,. gis do preferred. III.
N. Y Central. ,.lOG.s Tenn. Coal & 1. q
Northern Pac.... i7+sjU. S. Leather. ~
Ore. il. s. Nav... 2S Western Union. 9l3s
BreadstufA and ProvIHionN
CHICAGo--Dollar wheat was reached
In Chicago to-day. The September OPP
ton reached that figure few minutes
before the close and wound up an excited
days session at 99isc, an advance Of 6lac
since yesterday. December closed at an
equal gain. For the first time since the
recent phenomenal advance began, lead
era OF the bull clique let go on large
blocks OF their holdings, which In a
measure relieved the strain. The excite
ment In wheat was shared by all the
other markets, trading In corn, especially
being tremendous. Corn closed at &c
advance, and oats wound up l%c higher
Provisions after an early squirt sank
back and closed unchanged TO 11sc
higher.
September wheat, which closed Friday
at 93e, opened to-day anywhere from 81
to Csc and kept plunging around wildly
for an hour between those figures and
| s6l5c. December was equally erratlc
opening at 97G97lSc Gan advance OF
about 4isc) and auctuated between that
price and 95hc. Enormous quantities
were sold at those figures by people who
had previously bought II, the sales oil
one OF the best known spectators, W. X.
Linn. aggregatlnE millions of bushels
II was current opinion that had he not
come into the market the long looked fol-
dollar mark would have been reached In
very few minutes after the opening. II
was not difficult to account for the re-
markable opening advance. Liverpool
quoted spot American red winter wheat
at a 4&c advance while California whea;
was ~ per bushel higher. Crop reports
from the northwest were even worse
than have heretofore been received, somt
predictions placing the crop there at nut
10 exceed seven or eight bushels to the
acre.
The weeks export Of wheat and flour
from both coasts amounted to 5,2lS00C
bushels, compared with AGO. 900 bushel,
the week previous and 1891. 900 bushels
the corresponding week uf the year be.
fore. The clearnnces from Atlantic ports
alone for the last twenty four hours were
equal in wheat and -four TO i,7OO0OO bush
els. Chicago received 2l9 cars. only Is OF
| which were OF the contract grade. The
shipments hence were $4,000 bushels
Minneapolis and Duluth received 2it
cars againsa i35 year ago. Argentine
did not ship any wheat TO Europe this
week. BY II o'clock the market had as
simulated all the earlier offerings and
hungered for more TO such extent that II
rose again with more than It's Original
voracity and leaped like n trout at fly
to secure the September wheat offered al
g9c. May at the same time bringing 81.
The continental markets were about as
excited as the English markets and THE
fact had much to do with the squirt from
o. cents. The Paris advance was equal
to 4M95c per bushei and Antwerp 6'sc
per bushel. About ten minutes before
the close n dollar was bid and accepted
for block OF September amid much eX.
element. This price was held only fol
an instant, however, plenty Of wheat
coming on the market about this time
and at the close September was bringing
Sgiic, while 09Isc was bid for December
Business In the corn pit was on an Inn
mense scale, millions Of bushels chang
ing hands during the session. The pit
was crowded all day with excited specu.
latoFs and price fluctuations were rapid
and violent. Shorts made a mad rush
10 cover at the opening and forced
prices up 2Ihc over yesterdays closing
Holders Of long corn let go there, the sell
ing being prompted by predictions Of
warmer weather In the corn belt Elcva.
tor people also sold heavily On the adj
vance and &c reaction ensuod The
market was Influenced greatly by wheat
however, and prices advanced, Loca
receipts were heavy--l ,OO3 cars, Crop re-
ports were very poor. September opened
about lac higher at Sic aud sold between
3Oisc and 32c. The close was firm at $40.
a3lhc.
The buying craze was also manifest in
oats and an extremely heavy bust.
ness was transacted. Shorts covered
large lines and all months were taken
freely. sympathy with wheat and corn
was. OF course, the chief influence,
Local receipts were Gi6 cars. Soptem-
Der opened &c higher nt i9c. which was
the lowest price of the day. 1t sold up tc
2Ohc and closed at l0Ac, Provisions
were also In great request and sharp ad.
vanccs all around were scored at the
opening. Armuur's brokers bought
heavily OF october ribs, Heavy selling
by Cudahy and outsiders brought about
n reaction later Cables were higher and
the hog market Arm At thp close Sep.
tomber pork was unchanged at S. GIh
September lard 7ihc higher at 81 CO nnd
September ribs 7hdlOc higher at 50 500
32hc.
Estimated Monday; Wheat lQo ears.
corn 1880 cars; oats $40 cars, hogs $4,000