The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1897-08-06

CHICAGo-The demand for cash
wheat was better here to-day than at
any time since the recent advances set
in, but the market lacked speculative
buying, and with that powerful support
withdrawn the price declined &c. The
drop at Liverpool was also very infu-
entail. Corn was weak on better crop
outlook and declined &c. oats lost
&ahc. Provisions were weak, declln-
ing l2isd221tc, the latter In pork. The
foreign wheat markets at the opening
sent cablegrams indicating somewhat
Of tired feeling amongst them after
their late exhaustlng climb. As con-
sequence there was drop at the OPEN
ing OF from ~ to llsc in September
wheat. Although the buying again
puts was heavy, II did not prevent Il
dropping another lc per bushel to 76C or
2kc below the closing price Of the day
before in about forty-five minutes from
the opening. Liverpool noted decline
Of 2Ld per GENITAL before trading began
here and Berlin reported drop equal to
2sgo per bushei. Very few of yester-
days cabled offers HAD been accepted,
and but for the taking OF FIVE boatloads
OF No. 2 spring by Antwerp. that had
been offered by Chicago house 80 Ant
werp. no foreign acceptances could be
heard OF here. Pyramid builders had to
stand aside and see their top-heavy
erectlons topple over With the Earring of
the weak cables. The selling out yes
terday Of the leading line OF long wheat
In this market had much to do with its
collapse this morning.
The decline here brought into play n
host Of resting orders for cash wheat
both here and at the seaboard. New
York reported GALES for export up to ~
o'clock Of about So boat loads. Although
exporters In Chicago said they could sell
very little by making direct offers to
Europe, they were during the forenoon
inundated with bids from the seaboard
for No. spring wheat, and while they
disposed Of several hundred thousand
bushels on bids Of that kind, II was as
nothing TO the quantity wanted one
and thrce-quarter cents over September
was paid for the least desirable of tho
No 2 spring In store and 2AC premium
for some In favorltc houses.
Chicago receipts were lI9 cars against
ISL a year ago. OF to-day's receipts II
were new spring. The quantity In
speCted out Of store was ISL, 600 bushels.
Minneapolis and Duluth got 2il cars
against 327 on the corresponding day
of 1896. The total receipts received at
western primary markets was $4,000.
against 6GG.G9g bushels n year ago. lGX-
ports from the seaboard were equal In
wheat and flour to 30j, 900 bushels. Clos
Ing cables reported Liverpool Id lower
than it closed yesterday. Paris waB
somewhat higher for flour and un-
changed for wheat. While nearly 400
900 bushels Of cash stun was sold here,
buyers Of options grew seafeer and the
market finally declined to IJsc for Sep
TENDER, rallylng to ijih0I5tsc, a net de.
cline Of Re. September opened lisml&c
lover at 77@77Stc, Gold between tl9b@
7JMc, closing at IbhW7jMc.
No one previously short wanted to
buy any corn. Longs were only anxious
10 ind other shoulders 10 transfer their
burdens To. ana fresh lines NJ shorts be-
Ing nut out, were moro IN evidence than
buyers 10 cover corn already sold. The
weather was all that could be- desired.
In view Of such prospective addition to
present enormous holdings Of Old corn,
the ACCeplanCos NJ yesterdays offerings
to country dealers was very heavy and
tho uhica AGAINST such purchases mudr
In the pit was one Of the depressing In
iluencce NJ the day The lowest prices
of the day were current near the close,
Receipts we're p22 cars, and export
clcnrnnCos t2t,Gg1 bushels. September
opened No lower at 2iihc sold NJ 2IAo
aud nj 27hc. the latter ut the close
a biz business was transacted In oats
aud the market was % very lively one
nll day Liberal liquidation Of Rtptrm.
hrr yVnp the chief UuuuU uT thU uDttiIuN La.
prices The price curr0nt stated That
The crop would bo much lnrEur thnn an.
ilulpAiO1. This helped the bonilHh ton.
dunuy Receipts were posted NJ 600
cars, OF which 900 were new and l3l of