The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1897-11-27

cember, compared with 9lAd9tMc and
9Gkc Respectively at the close OF the
session. The additional strength came
from an advance at Liverpool of Bd 10
begin with, added to the effect of a cold
wave prediction from the signal service
bureau. There was plenty OF bearish
news In circulation. For nearly an hour
after the opening there was moderate
selling, with the tendency Of prices
slightly downward for May, December,
however, holding firmly.
The Cincinnati Price Current estlma-
ted that after December / there would
still be l0O,0O0,0O 0 bushels available eN-
portable surplus In this county. The
Kansas crop report said that the IN
crease In the area Of that state amount
correspondent of the London Times es-
tlmated that Argentina would have 81
100000 bushels of wheat to dispose of
for export. Receipts at Minneapolis
and Duluth since Wednesday morning
were 1,5i2 carloads, against 2,1ii for the
similar two days of the previous week,
and 54i u year ago. Chicago got l9l
cars and shipped 2l5,69S bushels. About
As minutes after the opening December
began to advance, slowly at first, but
very soon with the gathering impetus
of an advancing storm II rose from 06Ac
to 07hc without causing May to 20
above the price 1t opened, but when the
December option made n spasmodic
Jump that took 1t to 9Shc and another
series of jumps that landed 1t at 81, May
responded In a protesting kind Of man
ner by q rise to 93lkc. 1t was all n mat
ter of shorts covering. st. Louis shorts
were said TO be active bidders Mt the
commencement OF the bulge. and n host
of the smaller traders joined in the cho-
rus. There was hardly a bushel OF
wheat for sale until the market had
reached 81, when the anxious ones were
furnished with so much that a sudden
drop to 07kc resulted. But the shorts
were too badly demoralized TO walt nny
longer to get under cover and the price
soon shot up again. The Atlantic port
ClearanCcs of wheat ana Hour were
equal to about 5l5. 900 bushels, including
10000 bushels from Galveston. New
York reported % boat loads, or say 2OO,-
600 bushels, sold for export. May. after
rcacting n little from ifs first bulge to
93hc, became stronger than before and
reached 93ihc, 1t wound up at 93lbc.
December got up 10 99hac and closed at
that.
Corn was not very active and respond
ed very lazily to the announcement 1t
got from wheat The tendency was
downward until wheat became very
bulllsh, and Il had evidently the latter to
thank for the &c advance It made Mt
the end. There was moderate buying
of December by brokers and elevator
people. Receipts were 462 cars. May
ranged from 29Ac to 29ko, and closed
haHc higher at 28& 621&c, December
oats were barely steady, but n distinctly
firm feeling was noticeable in May.
The long crowd was willing to exchange
the former for the latter at 1MMlAc DIFF
ference. Commission houses were also
good buyers OF May, and this, with SYM
Datby with wheat, forced prices UP o
little. The shipping demand was help
cd by the cut in rail rates. Receipts
we're AN cara. May ranged from 22Bc
10 2gd22Mc and closed B0hc higher at
22h G229bc,
only a fair business was done In pro-
Visions. The undcrtoue was firm, chief
~ In sympathy with the grain markets,
but prices ranged narrow, outside or
doris were moderate. A heavy reduction
In provision stocks has taken place since
November I, Cash demand was mod
Cratcly active. Al the close January
pork was 2ihc higher al 81 10, january
lard 2Mc higher at 81 22h@i 20, and
January ribs unchanged mt ~ IL.
Estimated receipts Saturday: Wheat
$40 onrB. corn 7GO cars; oats 700 cars
hogs 1900 head
Cnah quotations were as follows!
The leading futures ranged az fOllows'