The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1897-12-21

before. OF last weeks total Russia
contributed only l.ss0,OOO bushels.
against a,li9 600 bushels the preceding
aeyen days. This country and Canada
shipped, as usual, twO-thlrds OF the
whole. The days clearances Of wheat
and flour from Atlantic ports were 90 =
600 bushels. II was not until after the
visible supply statement for the week
was completed and the increase In the
stocks found TO be smaller than expected
that the market gave any very clear m
dication as to which side of the deal II
wonid ultimately favor. With that out
OF the way and the weeks increase only
s2l ,0OO bushels. as against from l,OOO. 600
to 100000 bushels increase looked for
the bull feeling began 10 predominant
and tho price soon responded
The total OF the days clearances from
the seaboard was increased TO HLOOO
bushels by shipments from Galveston
That gave further courage TO the buy
ers, who took more wheat at an I'D
vance of lc over the earlier price they
paid for May, and OF course the more
the bulls bought the more was also
wanted by such Of the bears as had been
selling during the first hour.
Allen and Grier, representing the Lei
ter crowd, were very prominent IN the
buying, leading in fact, but trade was
greatly Increased by plenty OF outside
orders. Shortly after the opening May
advanced to 92%c and hung for an hour
between that price and 92lac. The
heavy buying which commenced after
the announcement of the days clear
ances gave fresh Impetus TO the advance
and nj the close May was bringing 9isc.
December attracted hut very little at
tentlon; the general body OF spectators
abandoned 1t long ago and are now
merely on lookout at the narrowed
down combat between the Letter
French bull combination and the Ar
mour- Weare- Seaverns-Peavy elevator
interests. 1t ranged between $50 and
81 o. ard closed at 81 90. About 100000
bushels Is said to have been delivered
by Armour 10 the Letter crowd In the
afternoon.
There was greatly increased trade In
corn, operators In wheat and provisions
both being in the market, and prices
were firm and higher almost from the
start, The action OF wheat, the small
receipts OF 1853 cars and the visible re-
ductlon OF 2,13l,O0O bushels. all helped
the price The market showed It's great
est strength after the visible statement,
Muy TdUStu rum @SfNI W -'IbSl AAAu
closed 5saAc higher at 29Sc.
Oats were firm, but did not keep pace
with wheat and corn, and showed but
hdhc advance al the close, There was
better buying by elevator concerns and
by commission houses in general, but
there was also n tendency to realize,
Cash demand was not so good, The
visible increased $4,000 bushels May
ranged from 22Sc to 221ac, and closed at
22&@297sc.
Provisions were very strong and tho
volume OF speculative trading showed
considerable increase. The market
started firm and higher, helped by the
light run for hogs. Some OF the later
strength came from the advancing
wheat and corn markets, The feature
was the purchase of about 100000
pounds OF ribs by one firm. The high
est price OF the day was quoted at the
close, May pork zoe higher at 81 O5; May
lard loo higher at 81 65, and May ribs
15c higher at 81 67is.
Estimated receipts Tuesday: Wheat
800 cars; corn 400 cars; oats 40 cars;
hogs 20, 900 head
The leading futures ranged as follows: