The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1897-08-20

NEUTRALITY-SUSPICIOUS. wheat to-day
came within n very small fraction OF
touching the ninety cent mark, but
slumped inglorlously and closed at S7Bc,
q drop OF 1%c since yesterday, The
market was an extremely nervous one
with fluctuations correspondingly Vlo-
lent. Some beafish crop reports. for
elgn seaboard selling and letting so OF
considerable holdings by the bull
clique were features in the decline, Corn
and oaes were but slightly affected,
corn declining &c and oats about the
same.
Provisions showed Independent firm
ness, closing unchanged to TIC high
er. When the wheat market opened the
pit was damned with anxious and eX-
cited brokers and traders and the
course OF prices after the first plunge,
gave grounds for belief that yesterday 8
sensational advance might be repeated
A more pronounced benrlsh feeling,
however. ultimately asserted itself. Sep
TENDER wheat, which closed yesterday
at SSlac. started to-day at from SSc Ia
SSAc and soon dropped to S7ssc, and af-
ter bobbing around between that figure
and SSc for few minutes, II rose In &c
leaps to S9Sc. helped along by n Hood
of buying orders from those who had
previously held alnof. They climbed
Into the band wagon too late, however.
From S9&c the market slid like to-
bougan down well planed runaway
until It was brought up with n splash
into the figures between size and SIC
Although S7ikc was virtually the bottom
Of the decline. one 10000 bushe1 lot was
sold at the elimination Of the descent at
SIC. Business slackened after that and
the price had again recovered to SSSc
by 1l:20 o'clock, without the buying at
any great quantity. Liverpool began
the days sensation by a lAd2hd adj
vance and slightly increased this later
In the day. The news from New York
however. was somewhat dlscouraglng
being to the effect that foreign orders
received to-day were generally to sell
out wheat previously bought. Crop re-
ports, too. were not unanimous as 80
the damage to spring wheat, the price
current IN particular being rather bear.
lsh In tone. Paris cables showed ai-
vances ranging from 1Sd25sc. Chicago
received 81 cars. against l3i year ago
Minneapolis and Duluth got lbs carloads
against 2i3 last year Atlantic port
clearances we've equal In wheat and
hour to $4,000 bushels.
Those who did not get thrown out on
the plunge at sec and sly about 1890
had another chance TO get S7Ac, that
price being against ohtaluahle about the
hour Of noon During the next hour II
went down to SSc and up to SgHc and In
fact did not seem to know where It wa
at during that time. The trade was not
heavy or general the majority OF tn,
local scalpers prorerrlng to look on.
fl was current even more In the phi
near the close that wheat was settling
up with Allen-GrieT, which indicate,
that they have parted with a consider.
able portion OF the wheat they were
holding for the part known as the bul
syndicate. Acting on that belief tht
crowd Jumped ON the market and In q
very few minutes hammered II down
from around SSIS7c and II closed al
size for September and size for De-
! ccmhcr.
Corn was fllrlv steady, though show.
lag a degree 90 nervousness az times OF
account NJ the crrntlc action OF wheat
There was greatly improved trade. cs.
pcclally from the outside, The bull
crowd changed selling September and
buylng December to the extent OF about
n million bushels, the feature OF tho
market Crop reports were less favor.
able aud shipping demand was better
Local receipts were S5+ cars The mar.
kct slid on toward the end with wheat
September opened irregular, u ahade
lower to hc higher at from 9S%g29ho
II RANGED between 2DhM2OhC ana %MG
closed at 2S9s@2SHc
Oats were rather quiet within mar.
row range with the tendency toward
slightly lower prices An In corn The
feature was changing from September
10 December There was some increase
In ontp trade. Heccipis were S5a cars
September opened unchanged at lsc and
ranged between lSmiShc aud lS'Sc II
closed ut l7MWlSc
In provisions the Cuinhys were heavy
sellers NJ October lard, presumably H.
duldntlon VI long time, which was tu'
ken by shippers. Pork, after an cnill
decline. advanced sharply on outside
bnyiup. tnrt ami ribs being carried
along. Most Of the advance was lost
later dHTiHg the last decline Ih wheat
Hog receipts show falling on, AZ the
close September pork was fitc higher at
~ 6fil, September lard 2itc higher nj
"a b2ih, aud September ribs UNCHANGED
nt 81 on.
Estimated receipts Friday
wheat, mo cars; corn, lOlb cars oats
GOO cnrBi hogs, $4,000 head
tnth quotations Wrru nB fntinw1'
flUuHa tlTmpr. prices advanced HhC
wheat No q pptlng, Sitshsgc No Z