The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1897-11-23
Br.adatuF, and ProvlaIous.

CHICAGO-There was a narrowing
of the spread between the May and
December futures, in wheat to-day.
Enormous northwest receipts promised
considerable selling with the coming of
a severe cold wave. Shorts In May were
not disposed to remain In that condition
over night, the result being that May
showed HOMO advance for the day,
while December declined Nc. Corn and
oats closed at substantially unchanged
prices. Provisions advanced slightly.
Wheat opened unchanged for the May
option, s0h GsoHc, but December vas
quoted at &c decline at the start. Liv-
erpool came only Nd lower to begin
with, their signal service maps showed
severely cold weather spreading over
the unprotected winter wheat and the
amount OF wheat on ocean passage
showed an increase of only 100000 bush
els. These were the reasons for the
steadlness in May at the immediate
opening, but before the market had got
fairly under way 1t became known that
the Minneapolis and Duluth receipts
were most discouraglnglV heavy. The
tone OF the market changed at once.
Selling was not heavy. but the market
especially for December was almost
without support. The consequence was
that December. which had opened at
9iHc, declined In a short time TO 9ic,
while May eased of 10 S9Sc, The re-
ceipts at Minneapolis and Duluth were
1871 cars. against 1856 Monday pre-
vious and no the corresponding day OF
1895. Chicago received 173 cars.
Outside OF the northwest receipts the
early news was not OF especial infiu-
ence. Paris was SOLO centlmes lower.
Worlds shipments were heavy at D.
$685. 900 bushels. compared with 9,26t, 900
the week before and 9,S67,0 900 bushels
for the corresponding week last wear.
The large figures lost their bear force
from the fact that this country sup
piled 6,653,0O0 bushels. while Russia
showed shipments Of but 2,7l2,000 BUSH
els as expected the English visible In
creased literally, 2,02l, 900 bushels for
the week. The days %clearances from
Atlantic and Gulf ports amounted in
wheat and -four TO $4,000 bushels, The
one important bull feature and the n
which caused the recovery In prices
which had taken place by midday, was
the small increase in the home visible
supply. It has been estimated as high
as 1000. 900 bushels. but was posted at
10000 bushels. Shorts were good buy
ers Of May during the last part OF the
session. That month gradually advanc-
ed 20 90%c and closed firm at 90Ss@
90Nc. December recovered to 95Hc and
closed at 95c.
Corn was dull and restricted for the
most part by changing over December
contracts TO May at 3Ad2&c. spread,
The fluctuations were confined to &c
per bushel. Receipts were 395 cars,
The visible supply decreased 5000
bushels. There was some scattered IL
qullatlon, but not enough to materially
affect prices. May ranged from 29&9
29A d29Hc, and closed unchanged at
29MT29Sc.
Quite a heavy business was transact
cd In oats without any excitement, how
ever. Elevator people sold December
and Longs also let out small lines.
There was considerable changing over
from December to MAY by the crowd
at 1hc difference. Prices were steady
within n narrow range Receipts were
$40 cars, much more than expected.
Visible supply Increased l,229,OOO bush
els. May ranged from 22hc to 2l%@22c
and closed n shade lower at 22c.
Provisions were slow but firm, There
was moderate buying by local parties
and with light offerings, Prices were
inclined to advance slightly. Hog prices
were nrmer. which also helped the
market. At the close January pork
was &c higher at IS 22Ik; January lard
2ha5c higher at 81 2504 27ts and jan
uary ribs unchanged Mt "a %.
Estimated receipts Thursday:
Wheat, 23O cars: corn, $50 cars: oats,
$50 cars: hogs, $4,000 head.
The leading futures ranged as follows;