The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1897-11-18

a little bulge when look
place In oats and which advanced the
price Of that article &c was all that
saved wheat and corr from almost utter
%stagnation to-day, sympathy with the
strength In oats put some degree Of ac-
tlvlty and considerable strength In both
these markets during the latter part OF
the session. Wheat closed 1A@lhc
higher and corn advanced &c. Provis-
ions were firm though dull, and ad-
vahced 5@l0c.
Wheat was fairly strong at the open
ing and for some time after, although
keeping within a range so narrow as to
be remarkable. even for n dull market.
The foreign wheat markets were not an
bearlshly affected by the decline OF the
day before at Chicago as they were ex-
pected TO be, and the northwestern re-
ceipts were very much lighter, Private
cablegrams also confirmed yesterdays
dispatch reporting less favorably Of the
condition OF the Argentine wheat crop.
With such encouragement to holders
the market here opened al a slight I'M
provement W yesterdays closing
prices, May starting at SsG4S9& and
selling shortly after at S9k. Only n few
smaller shorts covered. and as the bulls
did not press the market. the trade dur
ing the morning was very small, with
prices keeping a little above yesterdays
closing figures. The two northwest re.
ceiving points, Minneapolis and Duluth,
reported 100 cars of wheat to-day,
against 1,1tO Wednesday u week ago
and sos the corresponding day Of the
previous year. Chicago had 1871 car
loads inspected into store, against l04
last week and 6S a year & Liver
pool had declined I'D per GENITAL before
trading started here, but Paris a
quoted from 8 centimes to Is centimes
higher for wheat and 20 centimes high
err for near deliveries of flour, to 10 cen
times Improvement for March-April
The market was aided in q degree by
liberal Atlantic clearances. The guam
tity OF wheat cleared from Atlantic
ports was $4,000 bushels and OF -four
$4,000 barrels, or equal together to 435,-
900 bushels, The primary market re-
ceipts OF wheat were 1000, $50 bushels,
compared with S17, sos bushels the year
before, and therefore to-day's excess
was not so markedly bearlsh as recent
similar comparisons. A dispatch from
San Francisco said the price Of wheat
there was 4 per Genital lower than 1t
sou yesterday anu 4NtN ltpul ltu
In the forenoon that there was very lit
tie appearance OF export demand. The
market here was oversold. however,
and a furry that started in oats, put
ting up the December price OF that ar
ticle lie per bushel, communicated addi-
tional nervousness to the shorts in
wheat. After II O'Clock the price began
TO feel the effects OF the jump In the
coarser grain. and for the first time In
the session the price Of wheat rose
above SOC. 1t stayed above that mark,
the advance, started by the unusual
strength and activity Of oats, keeping
the market going, until near the end
May was bringing gO7sc. The close was
strong at 90% q9O1sc.
Corn was a dull market, with prac-
tically nothing going on except chang
ing until oats developed It's strength.
This aroused shorts and the market was
transformed into an exceedingly lively
one. Prices up to that time had been
steady. helped by wheat receipts OF
but 225 cars and a good seaboard de-
mand. Shorts were active bidders dur
ing the last hours trading and prices
moved up steadily, closing at the top.
| Seaboard clearanCes were $4,000 bush
els. May ranged from S0n30hc to 294Rc,
and closed lhc higher at 30Gp3Ohc.
Oats were strong, the strongest thing
on the floor The short interest. which
was restricted yesterday by the lnflu-
ence of wheat and corn, had full sway
in the market to-day. The strength
was started by the acceptance of Nc
over yesterdays prices OF all o. last
nights cable offers from here and there
was a general demand from shorts as
prices advanced. The spread between
| December and May narrowed consider
ably, and elevator people are predict
| ing that they Will come 10 the same
price. The fact that Chicago contract
stocks are only 725,OOO bushels and are
controlled by two firms, was an import
ant factor. Receipts We're 2S6 cars,
Clcarances amounted 4gi 600 bushels,
MAY ranged from 22MGg2&c TO 2l&@
J 2l7sc, closing &c higher at 22&W22Ac,
Provisions opened strong, and al
though trade was very small all day,
prices were well maintained. Hog re-
ceipis were 5000 less than expected and
ward prices were higher. This was the
cause for the opening advance In pro-
vlslons. Buying was moderate, but sur
nClent 10 keep the market Arm The
close was strong Mt top prices. Janu-
nry pork was Toe higher at IS 10, Janu-
airy lard 2ih0jo higher Mt " 20 and
January ribs 6@7ikc higher at 81 2IA
Estimated receipts Thursdays Wheat
l03 cars, corn 400 cars; oats 0l1 cars
hogs $4,000 head,
Tho leading futures ranged as follows
ArItci,s Oman Iulph Low, Close.