The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1897-08-13

do preferred, .iA ~. S. Leather. Q
do preferred, soy Western Union %
BreadstufIs and ProviGlOnT.
CHICAGo.-september wheat to-day
reached the best price Of the year, SELL
ing at S4iac. The pit was badly con-
gested at the opening, and September
was bid up from 1850 to SAC in the first
five minutes on light trading. A reac-
ton followed TO S29sc, and then princi-
pally on the advance at Paris, the mar
ket broadened perceptibly and scored
the top price of the day, Just before
the close a rush to realize forced Sep
TENDER from S4lac to S3Bc, leaving net
advance of 1&c.
Corn was strong. but suffered from
realizing, maintaing NC net advance.
oats followed the activity of wheat.
Exporters bought freely. September
closed Hc higher
Provisions were slow until near the
close, when pork advanced l5c, lard TIC
and ribs l0hc.
After SIC bulge in wheat yesterday,
the ordinary rules Of speculation re-
quired that II should have dropped half
OF II this morning, even II only to brace
itself for another excited tussle with the
bears. A sort of midsummer madness
appeared to have taken possession of the
market, however and all the rules OF
the game were disregarded. September
started trihe higher at from Sl9s@
size, compared with size at the close of
yesterdays session, For about five min
utes 1t played up and down between
size and size. At the end of that time
II started to climb and In three minutes
was selling at Sac. The demand slack
encd and realizing turned Off to S2ssc,
where 1t hung for some time. Then the
market broadened out and on heavy
trading advanced steadily TO the high
est point of the season. Buying orders
poured in to some of the commission
houses at rate that simply precluded
the possibility of their being satlsfac-
torlly filled. People who had four or
five brokers In the pit could not cope
with the volume OF orders to buy wheat
Tho dlscouraging reports regarding the
spring wheat crop that have been COM
ing to hand this week added to what
was previously known of European
scarcity, was probably the last straw
Of the heavy load assumed by the bears,
the addition of which broke the latter's
back. The Liverpool and Paris markets
were again higher at the opening. That
readiness to respond to advances on this
side was, OF course, regarded as proof
OF Europe's dependence upon this coun-
try for supplies.
Chicago received 147 car loads to-day,
compared with 1856 a year ago. Minne-
apolls and Duluth reported 16G cars,
against $50 last Thursday and 2j2 year
ago The total of receipts at primary
western markets was 706,S& bushels,
against GS2, GSS bushels the corresponding
day OF 1896. Exports Of wheat and flour
from the Atlantic seaboard amounted
to 605,O0O bushels. The closing cable
grams quoted the days advance at
Paris from 39sc to S%c per bushel, and
that caused fresh advance to higher
price than before, September getting as
high as SiIkc, and 1t ruled strong from
SIC to Siisc until just as the session was
ending there was rush TO sci THAT
tumbled It to SIC
A large business was done In corn and
the price at one time showed lc per
bushel advance for the day. At tho
close there was very general dlsposi-
ton to take profits on long corn, which
resulted In n loss OF good deal of the
previous advance Beyond the bullish-
ness OF the wheat market and the fact
tnut tne most conspicuous buyers VI tHu
cereals were also taking corn, the situa-
ton had not materially changed, This
eastern shipping demand was good.
Vessels were taken for 100000 bushels,
Scaboard Clearanccs were 3G2, $3.50 bush
els Receipts were G35 cars. September
opened unchanged at 27lac, rose quickly
TO 27Ac, and later in the day to 2S%8
2Siac, closing Mt 27Hc bid,
Tho trade In Ouig WuH nrtlNp. IRull
leaders In wheat took all the offerings,
The export demand caused the strength,
which was maintained 10 the close. Re-
cclpts were Gil cars. September opened
n shade lower at 17Ac, advanced TO iSc
and closed lac higher at 17Ndl7Mc.
Provisions shared In the advancing
spirit that ruled 80 strongly In the grain
markets. The trade was not very heavy
or active until near the close, when the
buying orders were largely Increased
and the earlier advance was soon con-
slderably added to- Prices Mt the close
were not far from the top Of the days
range. Pork rested at n net gain Of l5c,
lard TIC and rlbs l2iac, The run of
hogs at Chicago was $4,000 head. Sep
tcmbcr pork opened at 81 so, aold be-
tween 81 n and 81 90, closing nt 81 90.
September lard opened 2hc higher at
81 20, sold between 81 Y and 81 20 and
81 "a, closing at 81 o. September ribs
opened stendy mt 81 7OGi a. sold be.
tween 81 n and 81 SO, closing Mt 81 So
Estimated receipts Tomorrow Wheat
lGj cars; corn $50 cars, oats $50 cars;
hnpa On ono hpn1