The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1897-12-30
BSIl4Ig9I!a,!.5::



CHICAGO--Wheat to-day was appar-
emily held up FOR time by a buying
furry In oats. In the last half hour the
leading brokers OF the bull clique In
wheat started to sell some May and the
crowd emulated and in the end surpass-
ed their efforts In that direction, De-
cember wheat was left at decline of
sac and May &c Corn declined sc,
Oats IN the end were left at practically
yesterdays closing prices. Provisions
ruled strong after a weak opening and
made substantial gains Ia prices,
Wheat was a shade easier at the
opening because OF u decline OF I'd az
Liverpool. There was nothing else of a
bearlsh character In the news, the ira
ders had before them at the opening,
and the market In consequence ruled
firm during the forenoon within narrow
fractions of the starting prices. The
opening In May was from SIC 10 9iSc
compared with yesterdays close OF
94hc, The spell weakness around the
opening soon carried the price down TO
93Sc, when the strength which devel-.
oped In oats affected wheat and the
market recovered In a short time TO
9ihG9ihc and kept close to these frac-
lions all day. The trading was eX-
ceedlngly narrow. Traders who favor
ed the bear side had learned n lesson
from the buZZ-saw tendencies Develop
ed yesterday and kept away and In the
absence of any Important buying de-
mand the market was almost stagnant
at times.
Chlcaso receipts were much smaller
than estimated the day be-
fore; the number OF ears received by
rail were 1856, and out Of that eighty
seven were contract, The total addition
for the day to contract stocks in regular
elevators was estimated at $4,000 bush
els. Minneapolis and Dulu;!I reported
AL cars, against 472 the corresponding
day Of the previous and 2eT 4 year ago.
The Atlantic port clearduces Of wheat
and flour were equal 90 $4,000 bushels.
This helped sustain prices. The estl-
mates of the Argentine eXpo:tabie sur
plus circulated yesterday, making 1t
5600O0O0 bushels, was less generally uc-
cepted to-day. All the other estimates
from reliable and usually well Inform
ed sources make Argentinas export ca
paclty for the next twelve months some
where between 5000. 900 bushels and
39,00O,0O0 bushels. The market began to
weaken In the afternoon when closing
cables indicating rather easy foreign
markets were received, The bearishness
that started continued to increase as
the session neared Its end and whereas
no one dared touch Il In the forenoon.
the whole crowd got after It when they
saw 1t was on the run. Allen & Gfier,
for the bull clique, put big line on the
market and from $3.50 to which price
May had dropped meanwhile, that OPP
ton dropped like shot 20 92Ac, every
body taking kick at IL, Then 1t re-
bounded and just at the close 1t sold at
92Ic, a decline OF lisc. Little was done
In December, but 1t also was heavy. Ar
mour & Company were reported TO be
sellers Of It through brokers. 1t opened
at 99c and declined to 9GAc, closed at
that, as compared with 9OJ.c yesterday,
Corn was inclined to be weak, There
was good-sized scalpinE trade with
prices easy early on liquidation, with
steadiness later with oats, then weak
finally with wheat, considerable profit
taking and liquidation accelerailng the
downward movement. The close was
easy at close to bottom figures, May
ranged from 30hC to 29fsq29ac, and
closed AZ -5Ac'
Market for oats we're again a large
and Important one ana was the strong
est Of all the grains. Opening steady,
prices suffered a slight decline through
liquidation by longs. Good buying by
commission houses, short scalpers and
the trade in general soon caused an adj
vance which carried the price to 2ihc,
the highest since last August. Yester-
days heavy buyers we're again proml-
nent to-day Profit . taking and the
slump In wheat caused some reaction
near the close. May ranged from 2iHW
2S%c and closed at 23Ad2ic.
There was quite an active trade In
provisions with all the products strong,
A little weakness developed at the star.
due to a reduction of prices at the yards.
but at the decline both packers and
shorts became active buyers with a
good many orders from the outside,
The market became very strong and
maintained most OF the improvement 10
the end. At the close May pork was l5c
higher at 50 O2iA; May lard 71ac higher
at "a IN, and May ribs 2lAc higher at
81 81.
Estimated receipts Thursday:
Wheat, 80 cars: corn, 400 cars; oats,
500 cars: hogs $1,000 head.
The leading futures ranged as follows: