The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1897-10-26

CHICAGo-A decline of 'sc in the De-
cember option marked to-day's session In
wheat. The market was staggered at
the start by the Liverpool weakness and
every firm spot was taken advantage OF
by holders to unload. The decline In
corn was factor late In the day. Corn
was very weak on the huge visible In
crease and closed cent lower. Oats de-
clined $c and provisions closed 2H95c
lower on light trading.
Wheat opened 1c lower than II closed
Saturday, several causes contributing 10
bring about that radical change. Liver
pool quotations were from I'd 10 I'D low
er to begin with and the Northwestern
receipts were heavy. The worlds ship
ments for the week to Europe we're again
heavy and considerably in excess of their
estimated requirements. The total guam
tity from all ports exclusive OF india
was g.O96, 900 bushels against 1854, 900
bushels last week, and 9,27l 900 bushels
the corresponding week OF the year be-
fore. Minneapolis and Duluth receipts
| were 1883 carloads. f.itt of which were
at Minneapolis and 222 at Duluth. Chi
cago receipts were 2S5 cars. Apart from
the ieaviness OF tn-day's receipts, how
ever the news from the northwest was
very buliish. Estimates by good judges
as to the crop OF the three principal
wheat producing states placed the total
at from 10 to 100 900. 900 bushels, a con-
siderable reduction from recent figures.
| London advlces were to the effect that
France was still bidding for native Eng
lish wheat but that there was no more
available and Russian wheat In London
was said to have advanced from Sd to Cd
| per quarter,
The fluctuations hung for an hour and
half on the varying aspects OF the vlsi-
| bic supply, favored or dlsfavored a larger
or smaller increase than had been estl-
mated Saturday. The final outcome Of
| II was an Increase rather smaller than
had been looked for, the amount being
| $4,000 bushels increase for the similar
week last year OF 2,i77. 900 bushels. De-
cember touched 95c. the highest point Of
the session. shortly after the announce
ment OF the visible Increase figures. The
| quantity Of ocean passage Increased $780,
900 bushels. The export from Atlantic
ports for the day were $4,000 bushels as
| far as heard from. Liverpool closed Said
lower. A rise of 50 centimes or equal to
2%c per bushel at Antwerp was the eeea-
sion OF the advance In December and
May In the middle OF the day. The open
| ing was weak at from gIc to 9iMc for De-
cember, against Saturdays close of Csc
| asked, II sold at 9axc and from that up
to Csc, in very Irregular way. Near
the end OF the session IL became very
| heavy, the extreme weakness OF corn
| having some effect. Longs took profits
| freely on large quantities and there was
no inquiry for wheat for shipment here
or reported from elsewhere The pit fill
ed with sellers and the price dropped Ia
| 93A h93Ac and WIS at 93ikc at the close
There was no comfort for the bulls IN
corn. The market opened weak, with
wheat at a Ad&c decline. II remained
near the opening figures until the visible
| figures were posted, which showed an
astonishing increase OF 1880 bushels
This was the corn visible 44,70OOO bush
els. or more than double that OF last year
Offerings were heavy after that with lit,
tie demand Receipts Gi3 cars, were way
over estimated. Gables were hG%d
lower Charters none. December ranged
from 269sc to 26&c, closing &c lower at
2jMc sellers.
Oats were lower all day, largely the re-
suit OF sympathy with corn. A fairly
good business was transacted. There
was a fair demand for December, but
May was offered freely, the consequence
being widening Of the spread between
the two options. Elevator concerns were
the principal traders. Receipts were 800
cars There was n good shipping In
quIry. December ranged from iShc TO
lSc and closed nc lower at iS6ishc.
Provisions were heavy TO begin with
on the heavy receipts Of hogs and Il was
kept In that condition by the radical
weakness Of corn. The only sustaining
influence was good caeh demand. Trade
was quiet and declines were small, AZ
the close December pork was &c lower at
81 S2h: December lard 2hdjc lower at
81 32m and December ribs 2iad5c lower
st 81 62tf.
Estimated receipts Tuesday
Wheat 100 cars. corn 600 cars; oats 900
cars hogs 10000 head
Tho leading futures ranged nv followsi