The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1897-10-25


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CHICAGo-The bull sentiment which
prevailed in wheat at the close last night
was apparent to-day and despite the et-
forts of the bulls the cereals was strong
throughout the session, showing an adj
vance of NC for May and 80 for Deem
her. Corn was easier and held in place
by the strength of wheat To-day's clos
ing showed prices about unchanged.
Oats followed corn and price changes
were OF no consequence. Provisions were
weak. Pork was of l5c, lard 7ls9iOc
and ribs 2lsG7isc,
The revelation through yesterdays od-
vance In wheat OF the amount OF the
bulllsh feeling underlying the market
agitated a good deal OF smolderlng senH-
ment of a familiar character that APP
peared 10 have existed throughout the
country. The market felt the effect OF
that at the opening. Commission
houses had all the buying orders they
could manage for half an hour and SELL
ing was confined chiefly to the people
who had good profits In long wheat they
were willing TO accept. The elevator
people also had little wheat TO sell, pre-
sumably against purchases OF cash wheat
In the country; at least that was sup
posed by the traders In the pit to be the
basis OF sales by Armour & Co. and the
Weare Commission Co., of about 100000
bushels each. That had no Influence,
however, at the time for the sales refer
red TO were made at from SAC to S4hc for
December delivery and the price rose
Immediately after to S49sc, or Ac above
the closing and highest prices OF the day
before. Liverpool was up ND above
yesterdays closing prices because Of the
more material gain here, The exports
from both coasts this week amounted to
5522, 900 bushels; not any more than had
been foreshadowed by the daily clear
ances, but showing the immense proper
ton OF the European shortage this coun-
try ls being called upon to make good
The domestic receipts are diminishing
while the exports keep on apace. The
Chicago receipts were 139 cars, OF which
Is were contract. The receipts a year
ago were 1888 cars. Minneapolis and Du-
luth got 97l cars, against 1,l76 the pre-
ceding Saturday. Argentine shipped no
wheat this week, against $4,000 bushels
a year ago. The days cleaIances from
Atlantic ports were 1888 900 bushels, wheat
and flour together. The December flu
ture was stronger to-day, May getting
from lc discount. as II did yesterday. to
1%c to-day. The advance referred to
above when December rose TO 9ikc, was
followed by reaction 10 93%c, but II
quickly recovered again TO 94c and later.
on the receipt Of Paris quotations show
ing an advance equal 10 3hc per bushel
for the January-April term the early
bulllshness revived, December rising to
95c and May to 92%c at the close.
Corn moved through sympathy with
wheat and after selling a shade higher
early, the market turned higher and the
decline carries prices Nc below the close
yesterday. AS the session advanced,
however, the market developed stead
Ter tone and at the close values were
about unchanged from yesterday Car
lot receipts were not as large as anticI-
pated, 533 cars being inspected in and
the out inspection was moderate at 49,
800 bushels, The local movement made
the receipts 355,7OO bushels and ship
ments 523, $50 bushels. which indicates n
vast improvement in the shipping de-
maRd. December opened at from 2s7sc
to 26&c and the higher Of these were the
best figures of the day. The lowest and
closing price was 26Ssc.
Elevator concerns were guod sellers OF
oats, but outside OF the business done by
them, trading was Of no consequence.
The greater part Of the trading was CEN
tered in May and was greatly in the way
OF profit-taking by those who bought
yesterday. December opened at 1SZ a
1S%c, touched 1870, dropped of, to 1sSac
and closed az 1S%c61SXc May ranged
from 2llhc to 2lhc, was offered at 2lhc
at the close.
Hog products had sharp reaction
from the advance Of yesterday on active
selling by the local crowd and from the
fact that there was little or no support,
prices met with little resistance on their
downward course. Large receipts OF
hogs than expected and the lack OF out
side support were the factor which en-
couraged the selling. December pork
opened at 81 971sds 90 and sold of to
81 IS. December lard started at 81 42h
and declined steadily TO 81 2564 S7h.
December ribs ranged from 81 57kG4 so
down to 81 57Ik.
Estimated receipts Monday:
Wheat 1876 cars; corn 455 cars; oats 30
cars: hogs $4,000 head.
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