The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1897-12-08
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CHICAGO-Outslde Of a sensational
squirt in December wheat, which took
place shortly after the opening. grain
and provisions were dull and unlnter-
estlng to-day. A jump of &c in Deem
her on an attempt to buy about $4,000
bushels, strengthened the belief that
that option Is very securely "cornered, :"
1t closed 2Ac higher May was firm all
day and closed 9s@Ac higher. Corn
and oats closed fairly steady at sub
stantally yesterdays prices. and pro-
visions closed a shade lower all around.
Wheat started off In whlrl of eX-
element, Opening sales of both De-
Cemberand May were at practically last
nights closing tigures-S6c for the one.
soc for the other. II soon developed
that there was some December wheat
wanted, undoubtedly to ill shorts, with
none offering. on this account the
price advanced at once, December got
to 99C, and May to gOAc in the first
fifteen minutes Of the session. The al
Legged bull clique stopped the advance
by selling only a small lot, less than
$4,000 bushels, the big premium over
May, about soc per bushel, being
against It's Foley because If allowed to
stand 1t would turn wheat marketings
all this way. So the price fell back to
size for the one and S9Ac for the other.
Before the regular session commenced
the feeling was nominally weak be-
cause of u decline of I'd at Liverpool
and ii@9a at Paris. Northwestern re-
cclpts We're also considerably larger
than last year, but nearly 300 cars less
than Tuesday of last week. the arrivals
to-day being TOi cars, against 4S9 last
year and 1910 last Tuesday. The trade
has In mind two stirring facts how
ever, one that the alleged big bull
clique had been Il big buyer of calls
Monday afternoon and the morning pa
pers told of freight room being en-
gagged at Boston for 100000 bushels OF
wheat for January and February ship
ment This was construed to mean
that when the line of December wheat
was delivered to the bull clique here II
would ship 1t abroad by all rail or the
seabOrd " the water route was closed
II was semI-oiIlclaly given out that the
short line for December In the market
Was over 100000 bushels With less
than 30OO,OOO bushels of contract in
store here to-day. May was well sup
ported ut SgAc the enormous export
a. goo barrels gS'C ny fIour, an eouIvalent Of
IO32 600 bushels of wheat, tending to
crcotc noryousncss on the part of the
shorts and n report that France would
vet require b0,000,0 GOO bushels of outside
wheat was not calculated to allay this
feeling, Primary receipts at western
po,nts were $50 900 bushels, but the ghlp.
ments were also large, Sil. 900 bushels,
COO. 600 of If from duluth, all at the lat.
Tor mint having been sold to Chicago
clvator men, eastern shippers and cx-
norlers Al ~ o'clock May was gOc,
pccomher SOiGc lin TO within 10 min.
utes of tho close Inc market held very
arm vim narrow trading. Efforts
wore thcn made 10 broak the price be.
iow Gala and Nav yng sent down to
soSsr rInsing aI Sg% aSOgte bid, De.
Ccnhor cIosrd M SOiIr
earn ,vas AM Inf ilrm all day, main
10 in s,','naiSw tvith whent Orcrlngs
Ssr" Sorr mHdernie and the demand