The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1897-07-20


readstufs aud Provisions.
cHIcAGo-The bulls in wheat had
their innings to-day and more than re-
couped Saturdays loss. September
closed 20 from the bottom, a gain of
INC for the day. Corn and oats each
lost NC. Provisions were 2lAG5c higher
at the close. The Liverpool quotations
which had been the main source OF
strength to the wheat market was re-
ported nd lower this morning, and
Chicago had IS carloads OF wheat In
spected into store since Saturday morn
ing. So OF them from this years crop.
These were the reasons for weakness
which an opening decline of from 40
&c Indicated. The total receipts ut the
Ave principal winter wheat markets
amounted to 3i7,9i9 bushels, OF which
244,Oo0 bushels was reported from Kan
sas City. Last year on the cores
bonding day the receipts at the same
Ave cities were 400.679 bushels, so that
the deficiency between the present and
preyIousseason is notnow very striking,
That feature OF the movement should
change rapidly from now on. 1t is
with that expectation that some bearish
feeling is developing among leading
SPECTATORS, which would quickly be-
come very aggressive with a little en-
couragement in the way of weakness
abroad. The visible supply, which waa
expected to show about 100000 bushels
reduction, decreased l,2S5,OOO bushels,
leaving the total at l5,32I,00O bushels,
compared with 4G,743,O0O bushels last
year. The amount ahoat for Europe Is
/ 200 900 bushels smaller than II was q
week ago. Beerbohm's reported to-
tai reduction for the week in European
stocks CT 100000 bushels. indicating
about 100000 bushels as the total re-
ductlon in the worlds stocks. The ex-
ports OF wheat and flour from Atlantic
ports since Saturday were equal to SiO,-
900 bushels. nag .u'ol
The decrease in the visible supply ex-
ceeding expectations and some spring
wheat being taken here for immediate
export, caused change in speculative
sentiment. The tendency had beep
downward during the greater part Of
the forenoon, and short sellers sold con-
fidently on every rally until the mat,
tiers last referred to brought support TO
the bull side OF n strong enough char
acter to turn the bulk OF the local crowd
from the bear side.
Most OF the buying was on weak spots
and there was enough OF II to absorb
the floating scalping supply and
turn general sentiment from SELL
ing to buying. September, which
got down to 69hc, In about
an hour from the start, recovered
to 7Ohc, dropped ago. to 6Shc, and
once more started u!."ard, reaching
79Rc. Cablegrams from Paris quoting
that market excited from speculation
and poor threshlng returns had some
effect in helping the advance In the lat
ter part OF the session. The French
crop where It Ia most plentifully pro-
duced, is not ripe yet. The price here
became still stronger toward the end.
September wheat opened A@iRc lower
at 6st d60mc, sold from 69hc to 697sc,
back to Gghc, then up to 7lkc, closing
with sellers at 7ihc.
Corn was moderately active and In
clIned to follow the direction natural to
good reports concerning the progress OF
the crop and the increasing receipts.
Tho afternoon firmness In wheat was
the reason for n recovery OF about half
OF nm early &c decline. The receipts
were 7lg cars and 1000 are expected to-
morrow. The amount on ocean passage
Increased 100000 bushels since Monday
last, but the visible supply decreased
$4,000 bushels, leaving l6lOOOOO bush,
els as the amount now In sight. The
visible supply year ago was S666,OOO
bushels. After the first hour corn fol-
! lowed the course Of wheat. September
opened from 26G to &c, against 2Ic on
Saturday; declined to 26hc, rallied TO
gGMc at the close.
The market for oats was moderately
active and steady. Local bears were
fair sellers and local elevator people did
most buying. Prices had n small range
and an advance In wheat detracted
from the market and there was no Inn
portant developments In the way Of
news. Receipts $40 cars and scabonrd
clearnnces heavy-iOS,0OO bushels. The
visible arpply Increased $4,000 bushels,
september opened shade lower At l73s
0isc, sold at I'm dl7jsc and lSc' closing
at i7Mc.
only $4,000 head Of hogs In to'day's
| run lnNtDNu VI oitNN" ~ N's''''F'''i
started provisions strong and the llrm-
ness at the beginning was fairly well
maintained In face OF some general self
ing Of small lots by packers,
Lard had good support throughout,
September pork closed Dc higher Mt
81 G2Hd7 o., lard BE- higher ut 81 lhp
I M, ribs 2M05c higher at 81 ii8
4 an,
Cash quotations were as fottows'
Flour--F'lrm and UNCHANGED,
wheat No. spring 71AdIhci No. .
sprlng Gsd7lc; No. red new NHI6c,
Cofn-No. 2 26Aq2Ohci No. 2 yellow
20Ad2Glfc, A.
onta-No. 2 i7Adi7Rci No. 2 white
gilgd22Hc. No. 0 white 2OQgihc,
Rye-No 9 unchanged
Hnrlcy-No. 2 2DN3ic. No. 2SMc.
FLAX seod-No SoQSOMc,
Timothy aeod-primo ~ TO-
Mess Pork ~ GO07 Oj per barrel
Inrd-il iOdl igis por 100 lbs
Short Ribs OnosG iAUihci dry
snlicd shoulders boxed ihUjo, short
clear sldoa boxed bA0bhc.
whisky DlBtlllcrB' finished goods per
] gallon u ".