The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1897-12-03

CHICAGo-The local talent In the
wheat pit spread itself to-day and being
against the market, prices broke. There
was strongly marked under-current Of
bearish feeling permeatlng the crowd,
and although some OF the days stalls
teal developments were OF a more bull
ish character than have been recently
forthcoming, they had little effect in
turning sentiment from its bearlsh pre-
deiictions and the market closed at a
loss of &c per bushel In May, but of 1Ac
in December. Corn and oats were also
weak, closing 1s@Hc lower respectively.
Provisions were very dull and closed
substantially unchanged.
Wheat had weak opening principal
ly because Liverpool fully reflected the
decline Of the day before at Chicago. 1t
opened at from Sdto I'd decline. Paris
at the same time was reported some
what higher for the day. Northwestern
receipts were still too heavy to encour-
age buying. The most important con-
sldera.lOn for the time however, was the
hostile attitude 20 the market assumed
by some OF the heaviest OF the local
scalpers. That was important because
Of the almost total absence OF orders 10
commission houses from outside. The
opening price for May was 9Oh@90Sc, a
decline OF &c from yesterday and 1t de-
clined to 90c before It showed any signs
OF Improvement December was much
weaker opening ISc lower ut 9Ghc and
declining to 95@c with hardly sign of
support. Chicago receipts were 2l9 cars
against "a the previous day Of the prevl-
Gus year, the outward inspection was 5l,-
1874 bushels. Minneapolis and Duluth re-
ported 1853 cars against 1856 the like day
OF 1896. The Atlantic port clearanccs
amounted In wheat and -four to $4,000
bushels; 742. 900 bushels OF which was in
the shape of wheat. The primary mar
kct receipts were for the first day In
some monirhs substantially below 1000
900 bushels. the quantity for the day be-
ing $4,000 bushels, but for last year the
total was only $4,000 bushels. A cable
gram from Argentine was reported as
saying that crop prospects were less fav-
orable, but another was received stating
that harvest In more northern sections OF
the country was progressing favorable.
A temporary squirt was caused by the
heavlness OF the Atlantic port clcarancas
OF wheat and -four ana the much smaller
total in the western primary market re-
celpts than the recent average. May adj
vanced on this to 9O%c. But local bears
soon disposed OF the large clcarances by
the claim thar they would swamp the
people they were going to- a report
from Minneapolis to the effect tha' the
yards there were filling with cars, which
would be loaded with wheat for Chicago.
caused great weakness late In the day
May selling as low as S0ihc, New Works
report OF plNty LOADS for export ana come
help from the December bulls caused a
reaction TO soc near the close, May wind
ing up at SOMGOOc, December however
got no support, and closed lhc lower at
05c.
Corn was more active and very weak
closing a.. 20 decline, Country ofdere
were reported % be liberal ana shipping
business was made difficult by the irrcE.
ular rates. The action OF wheat ana
lower cables were also bear FACTORS ana
sllllng 1T Zines wac quite prpnonn'ed
led by elevator and receiving interest.
The demand was limited ana confined
chiefly TO shorts. Clcnlancee We're 6vb,-
600 bushels. Receipts were $685. May
ranged from 2Ohc to 2SIac ana CLOSED az
2SthmsSMc,
Data were wcnkcr and closed almost At
the bottom, with We decline, There
was fair trade, The market was az.
fcctcd especially by the wheat break, and
there wac nlnp selling against tho pur.
chase Of corn. Some holders who went
long IN anticipation ot q rally orlcr De-
ccmbcr I, lduldtlcd, adding to the weak
ness, The buying was principally by
commission houses and shorts Rccflnla
wrrc 3Og cars. Scabuard clcnrnncra were
a6S, 800 hushris May mnfcd front 22lAe
Ia 2l4id2l 7hc closing MI gl1hc
provHona were dull and ala not move
over 6c IN olthcr direction from yestcr.
day'B closing quotations, There was
eonc disappointment over stocks tlgntc9
rheWiHg lvss decrease thaH expected, hut
0ia hog market had u a,ondyiug lnilu.
cnc5. Demand for chBh products WA
only FAIR At IA, clUa1 january pork was
unchanged nt IS l5i JANUARY lard ~ 22h,