The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1897-07-17

CHICAGo-Wheat was emphatically
the whole thing" to-day. II opened at
hQSSc advance for September and shorts
were scarcely given breathing spell
during the session. At the close Sep
TENDER was selling at q 20 advance over
yesterday. Corn and oats In spite Of
natural weakness were carried along
with the current, each closing about &c
higher. Provisions closed at advances
ranging from TIC in pork and ribs u DC
in lard. The sharp advance at Liverpool
was the level that moved wheat and In
cidentally all the other markets,
In wheat there was but one thing talk
ed OF and acted upon at the opening.
That was the sensational action OF the
Liverpool market. an advance OF nd
having been recorded there before trad
ing commenced here. 1t was signal for
a general rush OF shorts to cover and
caused hQ%c jump, opening sales OF
September being made at 6SAQ6S3sc,
yesterdays closing price having been
6Shc. Small receipts OF new wheat be-
came a factor In the strength after the
glamor OF the Liverpool advance began
to wear off. The Chicago receipts were
ukhlH Ellldll Ut 10 uAllg NAbHA va
which were new. A year ago Chicago
received Ga cars OF new wheat, The total
received at Chicago, st. Louis. Toledo,
Detroit and Kansas City was 10000
bushels. compared with $4,000 bushels
last year. New York wired early In the
day that very little was being done there
TN either side OF the market for foreign
account. a private cable dispatch from
Antwerp said the Russian wheat crop
would be below the average. Minneapo-
lis and Duluth receipts were $40 cars,
against 26S a year ago. Exports from
the Atlantic seaboard were equal In
wheat and -four to 100000 bushels. New
York reported scarcity OF spot wheat,
Baltimore advices were that France had
accepted considerable quantity OF
wheat offered from there last night by
cable. The latter piece Of information
was not known in Chicago until about an
hour from the close. but when II was
made public that the United Kingdoms
most active competitor for American
wheat In seasons OF European scarcity
had actually commenced operations, the
market here. which had meantime begun
to drag, started once more into activity.
September had gradually eased off TO
6skc on realizing by holders who were
well satisfied with the opening profits,
but few minutes after the reception OF
the Baltimore advlces had Jumped To G9c.
Near the close Wild and untraceable
rumor was current TO the effect that II
was contemplated In France to remove
the import duty and that was given az
the reason for wild scramble for wheat
which marked the last ten minutes trad
ing. September rose excltedly to 7Ohc
and that was the price at Me close. Be
fore the crowd left the pit 7O&c was be-
ing bid.
Corn was dull and during the greater
part of the session easy on the fine
weather and lack OF speculative interest.
Shorts. however. could not stand the
pressure OF the strong and excited condl-
tlon az wheat near the close and were
driven to cover. the result being a re-
covery ~ all the early decline and frac-
ton besides. The closing was steady at
the top figures. Local receipts were BIB
cars. considerably over the estimate.
September opened unchanged at g6hc,
declined to 2Stkc and advanced to 26h4
25Ac. where It closed
In oats. the short element ran the mar
ket about tn suit Themselves, Early
they sold quite freely, taking their cue
from corn traders, but later they too
were forced to take back some OF their
settings. The advance In wheat made a
firm feeling nt the close Local receipts
were 27l cars. September opened shade
higher at i7Adisc, declined to l7lic and
recovered to lSc. That was the closing
price
Provisions were quiet, but the market
ruled firm, the best prices Of the day be-
ing obtalnablc at the close. The opening
was firm at some advance due TO the
smaller hog receipts than expected. This
was followed by some reaction on moder-
ate selling by packers, but the market
later fell In line with the wheat process
sion. and closed strong. At the close
September pork was nc higher at
81 b7h. September lard lbc higher at
81 O5dl 10 and September ribs TIC high
crnt 81 40.
Estimated receipts Saturday
Wheat 10 cars corn 500 cara; oats gSj
cars, hoga n 900 head.
fRl. t..Uipts fttIuFaH Vnunnn fOliOWns