The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1897-12-24

CHlCAGO-The speculative markets
were all strong to-day and more gener-
ally active than yesterday, though In
the end wheat and oats were the only
substantial beneticiaries OF the I'M
provement. May wheat closed &9&c
higher on buying principally by the
Letter people. The news, however, fay-
ored higher prices, Corn closed shade
higher, oats advanced h@%c higher
and provisions closed unchanged TO sc
higher,
Apparently the principal reason for
the flrmness with which wheat opened
was the strength shown by Liverpool In
the face OF the decline here yesterday,
which was due, II was claimed, TO APP
prehension over the European political
outlook. That market showed AQ$d
advance at the opening here. May start
ed at 93%d93lac, as compared with yes
terday's closing price Of 92Is G9Sc, For n
moment or two the market hesltated
and a few sales were made at 9Sh0
93Sc. Then demand set in, which,
with decided scarcity OF offerings was
really the feature OF the early trading,
and caused an advance which carried
the price up to 93R d93Sc In very
short time. It reacted somewhat after
that, but by II O'Clock had again adj
vanced. this time TO 9ic. During the adj
vance the buyers were on both sides of
the market, but presumably bought
considerably more than they sold.
Northwest receipts were moderate.
The number of carloads reached AZ
Minneapolis and Duluth was 407 against
524 last week and 339 the corresponding
day OF 1896. Chicago received 305 cars
by rail, OF which lN were contract. In
spectlons into store from vessel was
$4,000 bushels No. Northern spring and
from unlicensed elevators $1,000 BUSH
els and 10i carloads of the same grade,
The reduced number Of cars in the
northwest compared with q week ago,
confirmed the traders In the bulllshness
with which they started the market.
New York soon after the start report
ed that foreigners were good buyers of
December wheat In that market and
the impression prevailed that the be-
ginning had been reached of another
heightened period OF export buying,
such as raised prices In so great a
hurry last fail. Further strength was
impaired by the report In question. New
York later In the day advised the sale
for shipment 20 LONDON OF 100000 bush
els OF Manitoba wheat at s5Ac per
bushel {. o. b. above the New York
May price. The shipments Of -four and
wheat and -four from that city were
equal to nearly 100000 bushels, which
was taken as another reason for buying
May wheat here. The total Of the eNpcN
clearanccs OF wheat and flour from At
lantlc ports was 100000 bushels, The
continental markets were as a rule
steady. The December deal was not
seriously disturbed by the selling Of
few small lots for account of elevator
concerns. The momentary depression
caused by such selling was soon recov-
cred from. The dealing In May was
somewhat more active than 1t was the
day before and the strength was con-
slant and lasting. During the last hours
trading offerings became more liberal,
resulting in a decline in May to 9S9sc'
That was the price at the close.
Corn was fairly active and at times
was strong. especially during the morn
Ing. A good deal of the strength came
from the flrmness OF wheat and oats.
About the middle OF the session the
market began to yield 90 some local
selling pressure and at the end the adj
vance had practically disappeared. Ele-
vator people were the principal sellers,
May ranged from 29ish29Hc. to 29bc,
closing a shade higher At 29lac.
Oats were strong active and higher
throughout. though not all the advance
was held. There was quite a furry dur
ing the morning, shorts covering freely
and there being considerable general
buying. The continued urgent demand
for shipping was a factor. The market
eased on little later ON realizing.
May ranged from este to 22Sq22Ac,
and closed iia5sc higher at 2Sc.
For thc greater part of the session
provisions were firm and higher and
this Notwithstanding the heavy hog re-
Celpts and energetic Cudahy selling.
This was especially true of work. The
market opened a little easier, but soon
improved under general demand. The
advance In wheat contributed 20 the
strength. Later the market became dull
and with Increased offerings most OF
the advance was lost, the market, how
ever, closing steady. At the close May
pork was &c higher at IS ON; May lard
unchanged ut 81 72is, and May ribs un-
changed at 81 J7is.
Estimated receipts Friday:
Wheat, $50 cars; corr, SOj cars; oats
200 cars: hogs. $4,000 head.
The leading futures ranged az follows: