The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1897-12-17
Drsadllnn. ami provlslon..

Brsadsinns and Provisions.
CHICAGo-Some indications Of the
revival of the foreign demand for Amer
lean wheat had a good effect on the mar
ket to-day and AT the close May showed
lGliie advance. December was again
pushed above the dollar mark, closing
at 81 OOla, an advance OF sAc, Trading
in this delivery, however, was exceed
ingly narrow. Other markets were
strong and weak by turns, but closed
iirm, corn and oats lSc higher each,
while provisions showed 7iGql0c add
vance
Wheat was firm at the opening May
at 9lhg9lssc, showed RGiac advance,
while December was &c higher at 9Slac,
Some OF the advance In May was soon
lost. Spectators who had profits in
sight on wheat bought yesterday took
them, and then the trading became so
very light for the rest OF the forenoon
that small holders were discouraged at
the apparently small prospect Of any
further advance during the day and an
occasional 5000 or 10000 bushel lot was
sold by traders Of that class, So narrow
was the market and SO indisposed We're
the most of the traders TO 40 any buy
ing at the moderate advance that even
the selling of such driblets had rather
depressing effect, and from the opening
price May slowly sagged during the next
two hours 10 9lkc For an hour OF the
time referred 10 II stood at DISC, vary
ing only in that time from buyers TO sell
ers and the reverse.
The features Of tho anplV nhWg that
caused the bullish feeling with which
trading started came from various
sources both foreign and domestic, LiY-
erpool sent higher quotations. opening
I'D higher and holding Its advance well
TO the end There was further Contirm-
alton of rain damage In Argentina, al
though the bullishness of that was very
much modified by cablegram from
Rosario saying II was doubtful III any
material damage had been done by the
rain. Antwerp as well as London and
Liverpool confirmed the previously re-
ported damage. Antwerp sent at the
same time buying orders for about $780,
900 bushels OF May wheat
Zero or still lower temperature was
threatened for tonight over the unpro-
tected wheat fields in the Northern part
of Missouri, all of Illinois. Indiana,
Ohio and Pennsylvania, to say nothing
of Kentucky and Tennessee, which were
also said to have lost the snow that fell
in those states few days ago, Mime
apolls and Duluth receipts were b2l cars,
against SIS the previous Thursday ana
4A6 the corresponding day OF the year
before Chicago received 357 cars by
rail. of which only 127 We're contract;
A., 900 bushels and % carloads OF contract
wheat were transferred from unlicensed
to regular elevators the total increase
in contract stocks for the day being
about 225, 900 bushels,
Atlantic port clearances OF wheat and
-four were equal to $4,000 bushels
After IL o'clock the previous prevail
ing letharEy gave place TO a tribe more
appearance of the market being stu
awake. and In the course of another halt
hour II was kicking its heels up In a
lively fashion and hitting the bears hard
at every jump. on the reported work.
ing at New York of 10000 bushels oil
No Z red winter wheat for export, some
who had been waiting patiently for q
signal began buying, In consequence oil
which May was sent up TO 92hc and al
the close 1t was bringing 92h492hc'
Not more than $4,000 bushels December
was traded in This. with the strength
of December, was sufficient to advance
the price OF that delivery to 81 OOG'
which was the closing price.
Corn acted much as 1t did yesterday
starting steady. then showing weak
ness, but finally turning strong. The
early dullness was caused in part by
the dry freezing weather. which was eN-
pected to create freer country move
ment. Sympathy with wheat was
mainly responsible for the late strength
| though the higher prices ruling wes'
had some influence Most Of the sell
ing was by those who bought yesterday
| May ranged from g9hC to 2S&u2SSc
| closing &c higher at 29is@29hc.
Oats for December We're weak on IL
ouidatlon and May for the greater part
of the day acted weak in sympathy
/ When wheat and corn turned hrm
shorts in May tried to cover, but found
| some difficulty IN doing so. and all the
| early decline was recovered. Decerl'
| Der. however, was weak TO the close
NAV ranged from 22iaC 20 22Bg22hc and
closed &c higher at 22hc.
There was more outside trade IN pro
visions and the market continued 70
advance. Prices at the start were nigh
er on the small hog receipts. Profit
! taking by sCalpers caused most OF tne
opening advance to disappear during the
forenoon. but advancing wheat and corr
caused n more confident feeling later
and prices again went UP. At the close
MAY pork was Toe higher at IS Sd, May
lard nc higher at 81 72h, and May ribs
| 7iac higher ut 81 80.
fascinated receipts Friday: Wheat
$50 cars: corn 300 cars; oats $50 cars;
hogs $4,000 head
The lending futures ranged as Follows: