The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1897-09-15


CHICAGO-Wheat made great
show OF strength for about two hours
to-day, but slumped and closed with a
modest advance of &C for the Decem-
bes option. It showed a 2Hc advance
at one time. Foreign crop shortages
caused the early advance and a large
visible supply Increase was responsible
In the main for the subsequent decline.
Corn and oats kept in line with wheat.
corn advancing nc and oats hc. Pros
visions had another big injection of
yellow feve. virus, but suffered only
slight declines In consequence. The
opening In wheat was very strong. De-
cember, which closed Monday afternoon
at 9ihd9iAc, opened at from 95hc to
9j&c, and during the next half hour It
iluctuated between the starting quota
lions and 947sc II started up again
from the latter point and rose with the
same aggressive persistency that has
so frequently characterized 1t In the
last three months, December setting
up to 967s 1850 about 1880 a. m. APP
pnrentiv the reluctance Of Liverpool
to follow yesterdays decline here-that
market opening only hqIad lower, caus-
ed the opening strength and later Liv-
erpool advices showing that market TO
have risen Id were certainly responsible
reasons for the early strength,
however, were some very bad
French and Italian crop re-
ports and some statistics from the
Washington agricultural bureau, show
Ing that Europe would have to import
265,OO0OOO bushels OF wheat from North
America this season. all of which, with
the exception Of about 25,OOO,000 must
come from the United States, larger
total than has ever been called forth In
one season before.
The French minister of agriculture re-
ported the wheat crop OF that country
Sj.7S0000 short of last years, while the
Italian crop was saidto show 56,i00,000
shortage. Locusts were also said to be
playing havoc with the Argentine crop.
Chicago receipts were 377 cars. only one
car Of them contract. and 10000 BUSH
els were inspected out of store. Minne-
apolis and Duluth reported 1851 car
loads, compared with t,474 the cores
ponding day Of last year. The Atlantic
port clearanccs for the day were equal
In wheat and flour to $4,000 bushels.
Bradstrects reported the worlds stocks
Increased 100000 bushels. 100000 OF
which increase was east OF the Rockies
In the United States and Canada and
3S0O000 bushels Of It In and ailoat for
Europe Previous to the receipt of
Bradstrccts statement the closing quo
tatlons OF the foreign markets. had been
received, showing considerable change
from the early tone. They showed Paris
wheat ic per bushel lower for the near
deliveries and iAc lower for November
February, and Antwerp lac lower.
Liverpool, also, although lad higher for
the futures, was from I'D to Id lower
for spot, except spot No. Northern
Spring, which was unchanged.
The weakness Of the closing cables
caused reaction Ia 0jkc aud when the
large vlalblc Increase was made known,
n further decline to gilhc ensued The
market closed at Oiisd0iHc for Docem-
bcr
A good speculation business was done
IN corn At an advance over Yesterdays
closing prices The strinEth was due IN
sympathy with whcnt and to the dry
hot weather Shorts covered llbernlly
The comparative weakness NJ wheat
late IN the dag caused n relaxation In
the demand and a reaction cnsued dur
Ing which most Of the advance was lost
Receipts were 1904 cars The visible
supply Increased cast of thr Rockies o.
10000 bushels. Country offerings were
llght aud shipping demand little i'm.
proved, Showers nnd cooler woatbnr
were promised for Wednesday Dccom.
her ranged from csc to we, closing at
a2hc asked m advance OF No.
liuylncN IN oats was Qilpt aud lin.
Important The market wig strong
on'ly with corn and fair cash de.
mnnd. hut nearly all the advance was
lost when other grains reacted. Re.
coinls were $50 cars The Visible supply
Increased $4,000 bushels. December
ranged from glIaglAc In giIaiilc