The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1897-08-11

CHICAGO-Wheat to-day rose &c
above the highest point touched during
the recent bull campaign and csc
above the closing price OF yesterday,
Realizing caused some reaction, but a
net advance Of 1Ssc was maintained.
The principal element Of strength was
the advance In foreign markets. Corn
was strong and gained sc. Oats sym
pathized to the extent of lic. Provisions
averaged strong, but suffered some
from realizing, Pork gained 2'sq5c;
lard and ribs 2iac each.
Wheat fully re-established Its rcputa-
ton as u friend 20 the bulls. by the
manner OF its opening. The first bids
for September were at from 7iAd77asc,
and after fluctuatlng n few minutes be-
tween the opening figures and TIC, It
commenced to add few larger frac-
tons to the advance. In half an hour
from the opening It had risen 60 7SC and
by II o'clock II was bringing 7SAc, or
1MC over the previous days closing
price. The foreigners sent the most In
nuential news contributing to the
strength thus Indicated Mail advlces
from Paris were of the most buiiish
character and Cahlegrams reporting the
immediate situation showed that since
ten days ago, the French market sltua-
tiOn had become strong enough TO be
characterized as excited" An advance
in wheat over night Of from twenty-five
centlmcs to forty-fve confines or the
equivalent Of from iAC to 27sc per bush
81 coming after long series OF similar
jumps appeared To warrant the strong
adjective employed by the sender. Liv-
erpool opened I'D higher and rose to an
Improvement for the dayof 1874 for fu-
lures and I'D for spot.
In addition to the strong tenor OF the
foreign news, the information from do
nestle sources was not Of character
to diminish che bullsh effect OF the 9TH
err. Thc spring wheat In Minnesota and
the Dakotas was not giving the good
promise 81 earlier Indications and ac-
C1rdng to conservative grain mCr-
chants on the ground the Yield Of the
three states will not be above the aver
age Chicago receipts were 22i cars and
1000 bushels were Inspected out Min
ncnpOllR and Duluth received 400 cars
iOi OF which at Duluth were supposed IN
consist chiefly Of wheat from Mlnncap-
oils to New York to M previously re-
ported sale. The ClCaranccs Of wheat
ana hour from Atlantic ports were equal
to $4,000 bushels BradglrrCls made the
worlds visible i,2Sg,OOO bushels smaller
than II was a week ago, The cash de-
mnud here was rather dull, cable of
fcrs being out Of line The pcnboard
reported seventy boat loads sold for cX-
port Under the Influences " the
large clCnraucos and fear Of a bulllsh
government report, September sold W.
10 IOhc. buyers realized freely around
iOc nnd forced the price back Ia iSMc.
September opened hdMc higher at
TiAa77Nc, sold spnrngly at iShc, adj
ynnCcd To 7gAc declined 10 iShc, clos
lnu with Sellers at 7SliU7sMc,
Corn was firm, largely on the strength
If the wheat market but due ln rumo
degree Ia nm opinion that prevailed that
the government crop report would show
such deterioration fur the month a.
te warrant Higher pplpva SeHufR we've
cautious aud required unurl OF higher
prices to make them parties Ia q trade,
The receipts were liberal M l,i7J care.
Atlantic port clonrhncu8 wurH 100000
bushels lrndslrccts made the Visible
here and In Europe 2lisOOO busholB