The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1897-08-19


T1rsadstuns and Provision.
CHICAGo-September wheat sold at
the highest point reached since 1891, and
closed amid great excitement at SSIAc, an
advance Of 44c since yesterday The
market was strong all day, but the sem
satIonaI advance at Paris saved regu-
lar stampede OF shorts and sent prices up
like a rocket. Other markets were drag
ged along by the whIrl OF wheat, corn
advancing %c and oats Ac. Provisions
closed at advances ranging from 2lsc for
lard TO soc for pork.
In wheat, traders were treated TO
surprise at the outset by the action OF the
Liverpool market, which was totally I'M
affected by yesterdays sharp break here
and before the local opening even showed
an advance. This was due, II was said,
to buying In England by the Continent
of cargoes and OF California wheat. New
York also reported numerous accept
ances OF last nights cabled offers. Sep
tember which closed yesterday at $3.50
SAFE, was wanted at the opening at from
S5lsc to S5hc. and sold spartngiy az So%e
at about the same time. There was nat
urally a great deal OF wheat for sale on
so radical an advance and before sellers
fell again into minority the price had
reacted TO S4Ssc. From that point Il be-
gan another climb and went higher than
before ere 1t reached another halting
place. Principally to the poor crop re-
ports from the northwest was due the
second advance. Not only were thresh-
ing returns " what was harvested dis
appolntlnEly light. according TO these re-
ports, but that part Of It still standing
had deteriOrated considerably In the last
three weeks. Fields In North Dakota
that three weeks ago looked like produce
Ing from 20 to 25 bushels cannot from
present appearances yield over, from u
to Is bushels and the average for the best
part OF the state where the wheat IL still
over 70 bushels
September advanced to S5fsc before
realizing was sufficient TO send the price
market fingered about SjMUS5Ac.
Chicago receipts were 1888 cars, and
100000 bushels were inspected out OF
store. Minneapolis and Duluth got ia
carloads, compared with 23l week ago
year. The primary markets In the west
received a total Of $4,000 bushels. COM
pared with $4,000 bushels on the like day
of 1896. Exports from Atlantic seabonrd
we're equal In wheat and flour to 665,000
bushels.
The sensation of the day was the great
advance in the Paris quotations. The
August delivery Is equal to &C per
bushel higher than 1t closed Saturday
last. December-February term was
quoted franc. or the equivalent of SIC
per bushei higher.
The effect on the market was felt i'm
medlately, the pit filling with anxious
shorts. and the price jumped TO sec In a
very few minutes, Even at that price
little or no wheat was offered for sale,
and the market advanced with extreme
rapidly. The close was wild, SSlzc being
offered for September, while December
was practically on an even plane with 1t,
| but was bringing SSM at the end,
Corn was strong but It's strength was
| chiefly reflection from the bulllshnes7
| Of the wheat market. The weather was
too cool to be satisfactory. however, and
a general apprehension OF frost damage
prevailed among spectators.
The market ruled easy until the last
hour when the wild burst Of wheat car
ried corn a long the close being strong NJ
the close at the top prices Local re-
celpts were IA cars.
Atlantic clearances $4,000 bushels
| September opened nc higher at 2SAc, de-
cllned under liquidation to 27Hd2sc. and
advanced to 2SNc closing at 2Sai 6t2SMc,
The trade In oats was rather sluggish
until the last half hour Of the session.
when the enllvenlng influences Of wheat
was felt to n marked extent The mar.
| kct was without Independent features
prices being controlled entirely by other
grain markets. Local receipts were iiC
cars. September opened a shade higher
At l7AdI7Ac, declined TO l7MGl7Ic and
advanced TO lsc, where Il closed.
ProvIalons were strong aud a consider.
able addition TO the speculative Interest
In them was evinced by the more than or
binary number of orders from outside
| sources. Most OF the trading however
| was confined TO pork. Packers bought
ribs. The strong grain markets were The
main influences. At the close Septem.
Der pork was soc higher at IS SO; Sep.
tcmbcr lard 2ihc higher at 81 80 and Sep.
TENDER rigs i2lsGfljc higher at s. O7ls.
| Estimated receipts Thursday
| Wheat 3gj cara; corn 900 cars; oats c.,
cars; hogs $4,000 head,
Tho leading futures ranged Rs follows:
I