The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1897-12-29

CHICAG0-Wheat opened firm to-day
and closed firm at &c advance for May
and lie higher for December, but 1t had
several radical changes of feeling dur
ing the session. Statistics were bearish,
but the influence OF strong coarse grain
markets and support from the Letter
party counterbalanced this in the end.
Corn closed without change. oats gain
ed LTMc. Provisions were firm until
near the end when they became heavy
and closed 2iaG5c lower.
The opening in wheat was firm May
starting at 9lhc, against yesterdays
final price of Ste, and holding for few
minutes at gii4 d9i%c. There was mod
crate buying at the start, influenced
apparently by the strength Of Liver
pool, where AdBd advance was re-
corded In face OF the AGSc decline
here yesterday. The early flrmness
shown by corn and oats also helped.
There was official confirmation Of the
small exports from all countries to Eu-
rope last week that the Liverpool Corn
Trade News cablegram advised OF the
day before. The figures made the total
worlds shipments G.6Sj,00O bushels, and
as this country contributed 4ij7,00O
bushels, the quota Of all the other eN-
porting countries In the world amount-
ed to only 1881 OO
A weak spell succeeded the firm start,
Causcd by heavy receipts in Chicago
and In the northwest and an estimate
emanatlng from what was considered a
reliable source that Argentina would
have an eNportable surplus Of 6OOOO,OOO
bushels Chicago receipts were ass
carloads and the estimated addition TO
the contract stock in regular ware
houses from to-day's receipts was $780,
COO bushels Minneapolis and Duluth
received 6j7 cars, against 800 n week
ago and Ai the corresponding day OF the
year before.
Trading was very dull and the market
broke very easily on moderate offer
lngs, May selling down TO 95lsc. When
the clearances Of wheat and flour at
New York for the day We're reported
as equal Ia $4,000 bushels, the weak
ness that set In was arrested an sue
Ceeded by another period OF consider
able strength. May recovering TO Siac
and holding for some time at close TO
that figure. The Letters were consplc-
uous buyers on the advance. Wheat
and flour on ocean passage decreased
900, 900 bushels, BradNreets visible be-
Ing $4,000 bushels more for the world
than Il was week ago, showing an
Increase on this side Of 100000. and n
decrease In and anont for Europe Of
1, 200. 900 bushels. a year ago on the cor
responding week there was u net de-
crease In worlds stocks OF 2,b55OOO
bushels. The total wheat and flour
cleared from the principal Atlantic
norris was equal TO 6ii. 900 bushels. The
contrnrt stock of wheat IN Chicago
Saturday night last was 1851, 2sS BUSH
els, an addition of 2,0ii 900 bushels for
the week. and since Saturday enough
has been received to make the stock
s5OCSOO bushels,
After " o'clock the market experl-
onced another weak spell during which
May decreased to D3lAnv3Mc, but to-
ward the close the market became quite
strong again and generally recovered
To gii,c. where 10 closed December was
weak early but was shot NJ tn 81 OOA
on buying VI perhaps 10000 bushels. u
closed at gDlhc, Afternoon deliveries OF
wheat amounted TO 100000 bushels, hat
Of which came from Armour Allen
Grlrr received H.
Corn was quite active and Irregular
II was firm Mt the opening on higher
cablCB aud the f0rclgn demand, nut
broke quickly on the unexpectedly
heavy receipts gN cars, with quite a
rush N selling, The heavier holders
stood pat, however In sympathy with
the late nrmncW of wheat, the corn
market became strong again and was
well supported FOR tho rest Of the Hea-
sion. May ranged from 28Nc TO gs3be
ana closed unchanged ut SOhc.
Tho mnflnt Tor oats was very
hfond aud important one. The market
shared the opening nrmness Of wheat
and corn, but the advance provoked II
hood Of profit taking aud short tolllng
which caused n sharp decline. Al the
bottom heavy buying commenced AGAIN
the Letter interests hplug credited with