The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1897-07-30

| CH1CAGO.-MarketS were BeHeraly
strong on the board OF trade to-day.
Wheat opened buoyant, and after an
Intervening weak spell closed lhc high
err Corn gained NC and oats &c. Pro-
visions were fairly active and higher
Pork gained 10Ac, lard lOc and ribs &c.
Liverpool opened steady this morning
In the face OF Chicagos decline the day
before. That, with continuation Of
firmness at Paris and the large export
purchases at New York yesterday swept
away the bearishness that had overcast
the last hour of the previous session
September opened at from 73hc to 1870
n rise of about 1c per bushel A good
deal was offered at the advance for %
minute or two. but when about five min
utes from the start the price touched
73Mc, SELLERS became scarce at once and
the price was rushed TO 73lhc. a cable
gram from Paris estimated that France
would have to import 100,O00000 bushels
of wheat this year. New York mes
sage was to the effect that export taxi
lngs of wheat yesterday would amount
to 100000 there and 100000 bushels at
outports, meaning probably for various
dates of shipment this fall. A sale OF
| 10000 bushels No 2 Kansas hard wheat
for export was also made here yester-
day afternoon. All these matters be-
came known shortly after the opening,
and, taken altogether, appear quite
sufficient to explain the strength of the
early trading. Chicago receipts were
172 cars, of which lt6 were new. The
Minneapolis and Duluth receipts were
S73 cars, against 3l7 the year before.
The total receipts at primary markets
were $4,000 bushels, compared with
565. 900 bushels last year The excess OF
the primary market receipts Is not very
great, considering the estimated much
larger crop this year. but such prcpon-
derance as there IL this season Is all
bears have to sell wheat on, What good
use they can make of a poor weapon
was seen In the decline which occurred
about an hour and a half from the start.
The price OF September dropped AT that
period OF the session TO 12Ac, and July,
which sold as high as nc fell to 7j&c.
The market Mas stcadled at the decline
by New York kilograms saying 25 boat
loads offered to the continent had been
accepted. st. Louis wired TO the same
effect, an export house there reporting
all accepted they had offered to the con-
tinent. Re ports from the northwest
were more hopeful about spring wheat
kota said the water on the fields was
fast disappearing and the wheat pros
poets improving. The price current es.
tlmated the spring wheat crop at 225,-
900 bushels and the winter at 1885,
100000 bushels, making total OF $780,
OOO, 900 bushels. New York increased
the quantity taken for export TO 60 boat
loads. The buying fever broke out
nfreBh and the hlglf price OF the SEES.
sion was paid near the close. An ad-
vance of GO at st. Louis and very bull
ish messages from that point were be-
ing talked OF during the closing squirt.
September opened Ac higher at 73hc,
sold at 73lhc, Off to 72Mc, rallied slowly
to 73Nc, closing nj 7S9ac bid.
Corn opened firm with wheat, but
there was an undorcurrcnt OF confidence
In present prices quite Independent OF
the whcut market, The crop III not
making satisfactory progress at some
important growing sections, ana II Is
from those plncoa that the telegram re-
ferrlng to progress Of the crop prlncl-
pnlly came. The Price Current reported
the general prospect unchanged since
week ago. OF the Kansas crop taken
~ whole some well informed people
believe II td be RipfhF promise at hS good
nm aggregate yield m on the year before
The receipts were 7Sl cars and the QuHn.
tlty inspected out OF store 100000 bush.
oils, Export clcnrnnccs from Atlantic
ports were $4,000 bushcg September
opened hc higher at 27Mc and gradu.
ally gained until II reached 27Mdf2iihc
II fell back MdAe from that point but
became stronger ngaln with wheat near
the close, advancing 10 21Ac aud clos.
Ing with sellers NJ that,
The market for oats was without i'm.
portant features shorts bought early
and helped the ilrm fcollng which OK.
latod sympathy with corn, however
was the most influential item scptom.
her opened UNCHANGED nj from i1M To
l7mMliMc, aoll UP u nMMl1Au, md