The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1897-12-10
Hread,tufl. aud Provisions.

high as December did to-day. II rose
from 81 0lh at the opening 10 81 %, but
In most Irregular fashion. 1t had many
sudden backward slides. but In the end II
rested at 81 OF, or the not inconsiderable
Improvement OF G%c for the day. Janu-
airy was good second, winding up
with a gain Of &c, May was less demon
stratlve In Its bulllshness. Its advance
was 17sc a bushel. Other grain and pro-
vision markets were more or less In
| fluenced by the advance In wheat. Corn
and oats closed CSC higher and each OF
the provisions 5G7lsc higher,
Wheat was very nervous at the start,
Shorts were evidently alarmed by the
announcement that the bull clique had
\ made arrangements to ship by rail all
| the wheat delivered them on December
contracts and had also made advan-
\ tageous storage contracts in the east.
! The consequences was that there was u
| host OF buying orders for December at
the opening, mostly OF moderate lots, 1t
Is true, but they had the same effect on
the already strained market as IL they
were for millions There was no wheat
for sale. December closed yesterday at
81 0Ok, but opening bids to-day rang
ed all the way from 81 Oll5 to 81 o. and
even at the top there was scarcely a
bushel to be had. This precipltated a
perfect scramble among the shorts, not
| In December alone, but In January and
| May also. Before wheat came out 81 %
was offered for December, Then came
| a lull which lasted for an hour, Brokers
| operating for the bull clique attempted
to stem the tide, but probably from
100000 to 100000 bushels were taken be-
fore a reaction occurred December de-
cllned to 81 O3ts, but by 11:i5 had again
risen to 81 05. Then came the storm.
Within five minutes and amid n whlrl
| OF excitement, December was bid up to
| 81 OS. It reacted with Jerk to 81 OGh,
| then up again without stop 20 81 90,
| the highest point bid for wheat In this
market In six years. Probably as much
wheat was sold on this advance as on
the earlier one. After that the market
was quleter. January shorts In the
meantime had not been idle, That
month opened strong at from CSC to 94c
and 1t sold as high as 97c during the eX-
element. an advance of SIC since yes
terday. 1t was figured that the influ-
ences controlling December also APP
piled TO January and shorts went under
cover as quickly as they could. May
was also very strong, though 1t did not
have the same panlcky appearance of
| other options. Il opened at 9lG9lhc as
compared with Yesterdays closing price
| OF 90kd90Ac and had advanced By
noon to 92%d92A. II the market a.
the opening had been left as usual to
take It's imprint from those things that
usually affect II, n decline would In all
probability have occurred. The number
OF cars received to-day at Minneapolis
and Duluth was SIS, compared with 100
year ago, and G7S the week before.
Chicago got l2SOOO bushels by lake be-
sides 2iS cars by rail. As 1t was believ-
ed that yesterdays figures indicated
that receipts In the northwest would
from now on show steady falling Off,
this showing was n disappointment.
But the wild antics of the December
option caused the northwestern receipts
to be entirely overlooked. The quantity
inspected out from here was 10000
bushels. Liverpool opened firm at an
advance OF sd and closed only shade
higher, although they must have known
there before the end OF their session
of the early considerable strength of
the market here. The continental mar
kets were very little changed. The ex-
ports from Atlantic ports were quite up
TO their recent liberal average, the
days total being equal In wheat and
-four to 633,000 bushels, including $1,000
bushels OF wheat from Galveston. Re-
ports OF rains interfering with the har-
vestinq OF wheat In Argentine and that
the eXportablc surplus would be reduc-
ed In consequence That was one of
the items Of the days news, that like
good many more received had very
little attention paid 20 It. December
during the final hours trading moved
irresularly between 81 OSia aud 81 o.,
closing nervous at that price. May had
reacted 60 2%G02hc at the close, while
January wound up at 0iikc
Corn was dull, but firm, the range be-
ing ihM@c. The tone was due largely
to the advance in whcat'und better de-
mnnd for December. which sold within
SIC Of Nav Wet weather west was
also n feature, as was the decreased
country offerings, The market did not
advance much during the morning. but
later In the day the persistent strength
OF wheat drove shorts to cover and the
market ruled strong FOR the rest OF the
session. Receipts were 37S cars, clear-
ances 10000 bushels May ranged from
2SM@20c to 2SAG2Si5c, and closed sc
higher at 2SNc.
oats, like corn. did not respond much
at first to the iumn In wheat, but when
II did start the market became quite
active and strong, The strength dcvcl-
opcd was particularly prominent In De-
cenpbcr and at one time that delivery
sold at &c premium over MAY Shorts
were active buyers on the upturn. The
urgent cash demand also had it, effect
on the speculative crowd. There was
some realizing nj The top Receipts
were ggg cars MAJ ranged from 22Mc TO
22h@22hc, closing Mc higher at 22hc.
NOT much interest was Interested In
provlglong, the unsettled feeling In the
grain markets attracting the attention
OF operators The market In general OK
hlbltcd more strength and closed high
or. This was due entirely TO sympathy
with uraIn, M hog receipts were heavy
ana ward prices lower The market wna
almost AT n glnnlstIll until afternoon,
when moderate buying by shorts clus-
ed a slight advance. At the close Jan
uary pork was &c higher at 81 2Ik, jan
nary lnrd TIC hluhcr az 81 3ah and
January ribs 5c higher at - 22h.
Estimated receipts FRIDAY;
Wheat, 2ih cnrH, corn i2j cars oats, |
400 cars. hogs, $4,000 head
The lcndlng futures ranged az tollowsi
Cash quotations were ns follows;
Flour quiet,
whcat-No spring Sl'tdhOri No,
spring S3aOic No. 2 rcd 81 0ifli o.
Corn-.NO 2, 2GAc No. yellow a6Hc
Onts-No, 2, 22Ad22Ac, No, white |
2iH dr2iNc No . white g3M0Nhc,
Rye-Ne, ., IKE
llhrloy-Nu 2. 26d3Gc.
irlnxsrcd- No I, 81 llAdl lbM
rimolhyRood- Prime - G6