The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1897-10-18

anu AHONthiohbs
CHICAGo-lt was a case OF dog eat
dog in the wheat market to-day, From
the scarcity of December offerings and
the qulckness with which anything was
taken, badly congested condition in
that option was indicated. The close
was firm at lc advance. Rains west
and disappointing Liverpool cables
caused slight opening decline, the only
weakness the market displayed. Corn
was firm but closed unchanged. Oats
were shade higher at the finish. Pro-
visions were weak principally from the
yellow fever scare and closed 5ql242c
lower.
Wet weather throughout the greater
portion of the winter and all OF the
spring wheat territory, disappointing
foreign markets and a very marked IN
crease in the wheat receipts In the
northwest confronted the wheat trade
at the opening. Though the effect was
partially Offset by the surprisingly
large exports for the week. there was
nevertheless general selling out OF
wheat by tlmid holders and the opening
market was lower, December starting at
from sic to 9lMC, as compared with yes
terday's closing proce of 9lB99l12c.
The weakness was short lived, however,
as the lower prices stimulated strong
buying and caused rally OF lc per
bushel in "a very few minutes, December
advancing to 92hC. The December flu
ture acts as though II were considerably
congested, as It sold at 2Mc premium
over May. The Bradstreet reports show
wheat and flour exports equal to 6,039,0 900
bushels, against ASSOC bushels week
previous and 4157,0OO bushels for the
corresponding week last year. Revival
Of the old fumors that Russia would
prohibit wheat and rye exports and that
France would abolish its import duty
on wheat created little bullish furry
an hour after the session opened, and
December advanced to 92Bc, while the
news was circulating.
The northwest receipts We're l,lI6 at
Minneapolis and Duluth, against LAO
week ago, and S35 last year. The re-
celpts at all primary markets aggrega-
ted 1.2O2,000 bushels. against 1000
bushels for the corresponding day a
year ago. Chicago receipts were 1873
cars. Liverpool opened I'D higher, but
closed only lad higher for near months
to I'D lower for deferred. Paris closed
uIlNllthllENu " ~ NfllNlluNN lbNfA III
wheat, but 10 to 40 centimeH higher for
-four, and Antwerp quoted wheat un-
changed TO 12h centimes higher De-
spite the apathy shown In their own
markets, however there was evidence
conclusive that the foreigners were also
buying literally to cover sales abroad
and the strong tone of the market foS
ocean freights indicated that the cash
stun was going out The advance fo>
the day was tempting enough to induce
many owners OF wheat to sell out and
take profits rather than carry the prop
crty over TO next week The result was
slight reaction from top figures. De-
cember was selling at 92isc at the close,
There was fairly active trade in
corn, with shorts again liberal buyers.
At the opening the market was weak
on the large local receipts 9jI cars, the
rains west. and poor weekly exports,
There was a strong demand at the de-
cline, and helped by the advance In
wheat the market rallied sharply, The
inquiry dropped Off toward the close
and prices sank again. A large amount
of changing of December contracts to
May was done during the day, Dccem-
Der ranged from 27AC to 2G&G2G&c, and
closed unchanged at 2GEc.
The market for oats was firm on de-
cldedly narrow trade. confined mostly
to exchanging. The tone, with the OK
ccptlon OF little weakness Mt the open
ing, was firm, and prices ruled shade
higher, sympathy with wheat and
corn and renewal Of the cars demand
ed were the Influences. Receipts
were lIberal--i10 cars. Exports were
over 100000 bushels, December ranged
from 1870 TO 1ShdiS%c, closing shade
higher at lSAC
It was rather quiet day In the pro-
vision pit The markets started weak
on the low hog prices and on the yellow
fever news There was commission
house selling on "A fair rate. There wac
partial rally In sympathy with tho ad-
vance Ia wheat but the general tone
was easier throughout, Stocks OF lard
are said to be under 200 0OO ribs iS.0OO.-
600 pounds. Al the close December pork
was l2isc lower at 81 n, December lard
30 lower at 81 27h, ana December ribs
lOc lower at 81 10.
Estimated receipts Monday: Wheat,
30 cars; corn $40 cars; oAta $50 cars.
hogs $4,000 head,
Tho leading futures ranged ns follows