The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1897-07-27

So -
mary points and reassurlng advlces
from the spring wheat belt overcame
outside influences, corn was weak, like
wise oats on favorable weather and In
creased country offerings, Pork closed
a shade lower, while lard and ribs ad-
vanced slightly
The opening OF the Liverpool market
at an advance OF I'd perennial |or the
equivalent OF nearly 2iac per bushel,
started this market az a strong gait,
with an initial Jump OF lie over Satur-
days closing prices, The strength at
Liverpool was emphasized by a similar
condition OF the wheat market at Paris
which quoted rise equivalent to &c per
bushel. Private cablegrams from Lon
don said the French crop was proving
very deficient and Beerbohms cabled
that the European crops this year were
now estimated to be 100000 bushels
smaller than those OF the year before.
That foreigners were believers In a
heavy deficiency was evident from the
fact that they had cabled buying orders
for considerable quantities OF December
wheat which were in the hands of New
York and Chicago commission men at
the opening. The executing OF those
was a feature that was remarked both
at New York and here when trading
started September reached 7ihc, an
advance OF lhc from Saturdays close,
about ten minutes after the openlng this
morning. 1t turned downward from
that point, owing TO some bearish fea-
lures OF the domestic situation which
began to be pressed upon the attention
OF the crowd. Chlcago receipts were 1913
cars, 1853 OF them new wheat and one OF
the latter was new spring wheat. A
year ago, l27 cars were inspected into
store, i0i OF which were new. Mime
apolls and Duluth reported 457 cars,
against AS the week before and 4li at
the similar time year ago Kansas
City got 500 carloads and 1t was said 400
cars were on track at Toledo The most
bearish feature OF the domestic sltua-
tlon, however, was an increase In the
visible OF 72i000 bushels instead of an
unexpected decrease Of 100000. 1t would
appear therefore, that the country mill
ers requirements had been overcome at
length by the farmers deliveries and
that the trade is likely TO be called up
on to take care OF gradually accumu-
lating amount at the commercial GEN.
tiers. The European scarcity and home
plentifulness had an interesting conten-
tlon In the wheat pit, with success lean
Ing first to one side. then 10 the other
and the traders careful about commit
ting themselves heavily to either. They
realized the danger of being short with
powerful bull clique In the market
that is encouraged by great European
demand in prospective. the consequences
that might result from getting long of
crop which promises to be l00,OO0,0OO
million larger than last year and at a
price 40 per cent over that prevailing n
year ago. The continental markets
we're as strong as those Of the United
Kingdom. Clearances of wheat and
Hour from Atlantic ports were equal to
1000 bushels. The bulls got much the
worst OF 1t In the end and during the
last half hour II became a mere ques-
ton with them of getting rid OF early
purchases at as small loss as posi-
BILE. September opened ANSc higher.
at 73LsG7SIc, sold to 7ihc, to ISc, to
73Hc, TO re. and closed at 72hc.
Corn started unchanged 20 a shade
higher, but yielded gradually to the In
nuence OF the fine weather for the
crop and weakening wheat market
and continued to decline until the close.
Receipts were 7Sl cars, but the inspec-
ton out of stores since Saturday morn
ing amounted to the enormous quantity
In so short a time OF l555,3s7 bushels.
one elevator concern reported having
bought l.0iG carloads through accept
anCes received this morning OF offers
sent to the country Saturday. The
quantity on passage to Europe decreas-
ed SOC, 600 bushels The weekly inCreas-
cd 1,OigOOO bushels. against $4,000
bushels a year ago. September opened
with sales Mt 27Ha277sc, against 27ia9
27@c Saturday and declined 20 1850
2G4c ut the close. The market for oats
sympathlzed with the fluctuations In
corn. The feeling at the opening was
firm, but long stuff came oft freely and
reaction followed. Receipts were A2
cars. The visible decreased $4,000
bushels. Cash trade was dull, Septem-
Der opened unchanged at i7Mc, touched
iSC. and dccined to l7Ssc, closing with
sellers at that price
Provisions were firm on a small trade
until near the end, when the slump In
cereals made Itself felt. The firm feel
Ing carly was due to receipts Of 10000
hogs and an advance of 6HlOc at the
Yards. September pork closed 2kc
lower at 81 II sellers; lard DC higher, at
81 22ai %: ribs 5gIc higher at 81 $50
g..
Estimated receipts for to.morrow:
Wheat, 300 cars; corn, 900 cars. oats,
400 cars; hogs. 1900 head.
rho IendInp futures ranged ns follows: