The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1897-11-19


CHICAGo-Oats, againthe grain mar
kets. Efforts Of shorts In December to
get from under boosted the price of that
option nc, while May declined h4%c,
Wheat was strong early, but broke
sharply late In the session and closed ~
@%c lower. Corn closed unchanged for
December, but Nc lower for May. Pro-
visions were firm at a shade better prices
at the close.
Wheat opened weak and from Y to &c
lower for May and u to &c lower for
December. The reasons for the weak
ness were from widely separated sources.
There was but AQMd advance at Liver
pool, u distinct disappointment In view
of the fact that 1Ac was added to the
price here yesterday, The Cincinnati
Price Current was rather bearish in this
weeks crop summary. Owing 10 u mis-
take In the May quotations from a
Francisco, 1t was made to appear that
wheat for that delivery declined ~ per-
GENITAL yesterday. That startling show
OF weakness was supposed to be due TO
poor export demand or some unexpected
ly heavy pacific stocks. But these tlg-
ures were afterward corrected to show
that the price had in reality advanced
1hc and considerable buying wac In
splred by the correction. Oats got on a
rampage about the same time and re-
Numbering the effect Of yesterdays fur
ny In that market the buying of wheat
was all the more vigorous. May opened
at from 9onc to 9Ossc, as compared with
yesterdays closing price OF s0& G90Sc.
During the first few minutes trading the
price settled to 98h @99Me. Then the
market started on a recovery which re-
suited In an advance to glI @9lAc by
noon. Receipts at Minneapolis and Du-
luth were slS cars against $40 last week
and ISL a year ago. Chicago got 1888 In
against 1856 a week ago and 90 last year.
The Atlantic port clearances OF wheat
and flour amounted to 1850 0 bushels,
New York reported good orders at the
opening there from English provincial
ports. Another radical change occur
red In the sentiment OF the crowd without
any fresh modification OF, the general
market surroundings. A scalper from
under what was feared q about to be-
come a falling market. preclpitated the
event and prices had a sudden drop In
the last twenty minutes OF the session.
May falling to 9os9O%c and closing at
9OMc.
Corn was fairly active at times, The
early market for May was easy inna-
enced by wheat, but the good short de-
mand for December urged OF by the adj
vance In oats, strengthened the market
considerably, especially December. The
spred narrowed down to 3k@3Ac. The
market weakened toward the end in
sympathy with the realizing decline In
wheat, but December did not get below
yesterdays closing prices. Receipts
were SSi cars. Atlantic c~learances were
$4,000 bushels. May ranged from 3Oh@
30Hc to 29R429Hc and closed Ac lower
at the latter figure, Oats attracted as
much attention as yesterday and a big
business was transacted. There was an
xiety on the part OF December shorts TO
get out and good buying by parties an
xious TO increase their lines. the result
being higher prices in that option al
most from the start. The feature was
tho reduction In the December-May
spread from 1hc at the close yesterday,
to sc to-day. One prominent house taxi
ing on about 1000, 900 bushels December.
May did not show much strength. Light
stocks and a good export demand were
bullish factors. Receipts were 200 cars.
May ranged from ENC 10 22hc, closing
A@Mc lower at 22%c. December. how
ever, closed Nc higher at 22c.
There was a fairly good trade in pro-
visions. The feeling was weak at the
start, probably IN sympathy with wheat.
Commission houses seemed plentlfully
supplied with buying orders and the de-
mand from this source coupled with
moderate buying by shorts made n firm
market, the rest OF the session, though
price changes were small. At the close
January pork was unchanged at IS 30:
January lard unchanged at 81 30 and
January ribs unchanged at 81 27h.
There were small gains for pork and ribs
In other futures.
Estimated receipts Friday:
Wheat n cars; corn $40 cars; oats 325
cars; hogs 10000 head.
The leading futures ranged as follows: