The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1897-10-22


CHICAGO - Wheat maintained the
firmness oftone at the openingthat char
acterized 1t at yesterdays close II
added from Ac to &c per bushel to the
previous days closing price as soon as
trading commenced, and during the two
following hours 1t refused to sell sub
stantlally lower Notwithstanding a
I good deal of profit-taklng by the
smaller class OF longs. Principal holders
apparently did not believe 92c to be the
limit OF the present advance, and took
little part in the selling Conditions
were generally more favorable to hold
ers. Gables were all strong and higher,
Liverpool showing an advance equal TO
nc per bushel, and Paris was &c per
bushel higher.
The denial Of the statement attributed
to the corn trade news that the cont.
meme would require 5GOOO,OOO bushels
less than heretofore calculated on also
helped the price. The Nebraska state
crop report shows the winter wheat
area will be reduced one-thrd by the
drought. The only fly in the ointment
was the statement of the Price Current
that recent rains had materially i'm
proved the winter wheat prospects. Not
much attention was paid to this, how
ever. Business during the morning was
more influenced by the fact that for.
eigners were buyers Of wheat both COW
ering of previous short sales and for
long account. New York wired to that
effect, and that was the case In Chicago
also. December opened at from 9lA@
we, as compared with yesterdays clos
Ing price Of 9lAG9l9sc. II sold at 9l&@
9lAc, then turned, and by II o'clock had
advanced to 92hc. Chicago received 1893
cars against 800 estimated, and II we're
contract, Minneapolis and Duluth re-
ported Sd cars, against ISL last Thurs
day and l,O9O the corresponding day of
the previous year. Atlantic port clear
ances We're Gl5,6G0 bushels for the last
week. The demand here from local mil
lers for low grades of spring wheat
caused 1c per bushel advance in price of
No. . spring. One lot of $4,000 bushels
of No. 3 spring was sold to 20 east. The
market broke badly during the after
noon. October became very weak on
selling by elevator people, and interest
In December died out, the crowd doing
most Of its trading in May. Some of the
buyers of the morning sold out, and the
result was decline In December to
VlN9lhc There was practically no rally,
December closing at 9lAc asked.
Corn was firm early, partly with
wheat, partly on covering by shorts,
but mostly on tho greatly improved de.
mand, there being an out inspection Of
$4,000 bushels Trading was only mod
crate, but prices were well maintained
until wheat turned down, when corn
showed Its sympathy with the move
ment Offerings became became quite
free AT the decline. and continued to the
close Receipts were GIG cars. Cables
were hulsd higher December ranged
from 26ba2GAc to 259sm2jAo and closed
&c lower at 2S&e lower.
There was a very quiet session in
oats. The market followed corn, being
steady at slight advance during the
morning hut moving off later. Cash de.
parlmcnt was also quiet, very little
fresh business being reported Receipts
were 4S cars. Seaboard clcarances
22j,OOO bushels, December ranged
from lSiAc to lSc, closing Ac lower at
lSHlShc.
Provisions were firm ana higher, clos
Ing near the top prices Of the day In
spite OF weakness In grain, Better re-
ports about yellow fever had something
to do with the strength, but the cash de-
mnnd was said to be excellent from nil
points outside of fever afflicted districts
In the south, \ feature was the buying
OF lard and ribs by Armour. At the
close December pork was 7ihc higher at
~ SIZE; December lard Ihc higher nj
y % and December ribs nc higher at
81 J7R
Estimated receipts Friday. Wheat,
$50 cars, corn, $40 cars oats, 800 cars;
hppu Oh ODn hppI