The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1897-12-15


CHICAGO-The uncertainties OF the
December dealing in wheat acted as q
clog to-day upon the futures that 9TH
erwlse would In all probability have
made some response 90 A number OF
builish items in the days news There
were some legitimate bcarish influences,
such as heaVlness and lower prices Ia
continental markets that, with the help
OF &c further drop in December, helped
to wear of the May price, ;iosc declines
being established at the close. Corn
and oats we're dull and closed at trif-
ling declines Provisions were stronger
and advanced 2hd5c.
May wheat started a shade under the
price II closed at YESTERDAY, opening
hnHc lower at 9O7Ed1lc. The receipts
here were 495 cars, against seventy-one
a year ago, but a good deal more had
arrived to-day bB lake that had not vet
been inspected. The Northwestern re-
celpts were $50 cars. against 73i a week
ago. and $40 the corresponding day o.
last year The total quantity Of contract
wheat In regular Chicago elevators at
the close OF business on Saturday last,
was 3.6S9008 bushels. The receipts Of the
last two days viii add about l,25OOOO
bushels to that and 1t IS generally sup
posed 1000 600 bushels more have been
accumulated In private elevators 10 be
thrown ct the heads OF the bun clique
AZ the proper moment II Is evident that
Il will take an Immense sum TO pay for
the contract whppt. which will be ten
dorcl on short sales during the remain
der OF the month ana this fact was APP
parently IN the minds OF the traders at
the opening There was quick rally,
however. on buying by shorts News
from the Argentine crop was very I'M
favorable. Serious damaGe, it was said,
had been done to the wheat crop In that
country BY heavy rains. The cash de-
mand at Liverpool wnB also better and
that markot, considering the slump
here. was remarkably strong, opening
at but Md decline and recovering about
all er that By the time this market
opcncd, Tho buying which this newa
stnrted, carried the price up 10 9iAc.
About II O'Clock the market became
exceedingly dull aud remained 20 for
the remainder Of the session, The lack OF
interest. Of course. had lta effect on
prlccs, which slowly sngHad The At
lan,Ir mort clcaranccs were again very
heavy al equal To $4,000 bushels In
wheat and -four. Tho continental mar
kcts were heavy Paris quoting declines
In -four from 50 confines TO 80 confines
and wheat Of from 80 confines for Dc.
combor to 10 confines for Mnrch-Mny.
Antwerp was g eenttmes lower for red
winter and 1915 confines lower Tor wal
Ia walln. The Argentine crop, accord
ing tn BcCrbohms " not likely To be
over G.0O000O quarters Ns,OW,OOO busl-
clO compared with Rcant 100000 quar-
lcrR t3g. 100000 busholD the GEAR before.
AB lcsn than 100000 bushels were ship
ped from last years crop II Follows
that iS,OOOO0O bushels VIII be the limit
OF the oXportahlc surplus from thla
scnaon'H crop The prcgcnt heavy OK
PORTS from the country are expected 20
come to an end IN about u week. ~ inc
foreign purChages i1r forward delivery
win have been niiot hr TINT time, he-
c1rdlng 10 New York Ndvlcns The ira
doris apparently considered tllnt very
horfish IN the meantime December
bullH were lnitlng that mntkpl reVoIcly
alone and although lt had advanced to
on during the morning on the purchase
af a hare 10000 buubolH, 20 declined lm.
modiatolv ni'0r thH Hmnll huElng was
over. The actual business IN Dc'cmbrr
during the splB.on dld not exceed 100000
buyheia, This neglect of pcocmbct also
had ~ erect on MnN shortly before
the close II nlld Ha low ng NONm0OMo
ana the nnnl pfIrr Wn1 OOMc December
closed oh pt'ac
Corn Wob Hloidv without much acllv.
It's M The trading Tho cnrlv wheat
strength hclrod the market somewhat
nn dld the bad weather west The
mnrltct enrpd of later with wheat. Con.