The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1897-08-24

from DC to 5so per bushel. That caused
the traders on the open board to pay
81 O2la per bushel for September wheat
Before trading commenced on the reg
ular board, however, the curb price had
dropped to 81 90. When the opening
bell sounded for the official commence
ment OF the days proceedings there
were hundreds Offering to sell Septem-
Der at from 81 90 down to 97c, while
December was offered nj the same time
from 81 90 to 97ISc. Before FIVE min
utes of the session was over both Sep
TENDER and December were down to 95c,
In another five minutes they had again
recovered to 97lsc, then TO Csc, to 97c,
to 96hsc. to 9sc once more, and very soon
to 09hc. During that time the price Of
the two deliveries were alternately in
the lead, but after halt an hour Of such
irreGularity September settled into n
lead OF about lsc, The break from
around 81 90 to 95c was stopped at that,
and the price rose In an equally sudden
and agitated way when cables showed
that Liverpool had still further added
to the first advance. The rise in price
around 3:3Op. M, Liverpool time, reached
sid, or 6h per bushel over Saturdays
latest. When the agitation here had
somewhat quleted down, the tluctua-
tons narrowed considerably and kept
for time within isc OF 9Sc. The ordi-
nary market news outside of the Liver
pool fluctuations received but scant at
tentlon. Chicago receipts We're 1888 cars
and the quantity inspected out of store
was $4,000 bushels, and Minneapolis
and Duluth received 3l5 cars, against
1886 q week ago and 55i the correspond
ing day OF the year before, The worlds
shipments aggregated 7,242.000 bushels
last week, compared with 1901 900 bush
els the week previous and 5,5l2, 900 BUSH
els the corresponding week Of 1896, The
quantity on ocean passage Increased
1900, 900 bushels. The visible supply
showed decrease of 497, 900 bushels. or
about half as much as looked for. Chi
cago stocks were reduced $4,000 BUSH
els and there are only l.9S6,0OO bushels
OF all kinds here now. The most not
able item in the movement OF wheat at
primary western markets was receipts
of $751;, 800 bushels at Kansas City to-day.
The announcement of the dlsappoint-
ingly small decrease in the visible sup
ply caused drop from around Csc for
September to 964c, but the foreign
markets closing surprisingly strong
caused another advance to about 91lac.
The tendency, however, near the end
was toward lower prices in the absence
of any strong reason for another i'd
vance. September was back to 96c and
December to S5Hc about fifteen minutes
from the close, and those were the
prices when the closing bell sounded.
Every big trader with corn showing n
profit in 1t appeared to be selling out
to-day. The market opened so very
strong that 1t was easy ut first to find
buyers for the offerings. The infuen-
tial factors at the start were 3Ad ad-
vance at Liverpool and crop reports or
an unfavorhble nature. The tremen-
dous quantities that were poured Into
the pit all forenoon told in the end and
toward the close the market became
very weak. The start was wild, Sep
TENDER bringing from &c to SSc stimuli
taneously and December from 3ic to
35hc, compared with Saturdays closing
price Of 3llsc and 3S9sc The market
soon broke badly with wheat, and
though covering later, became weak
again, tile lowest price Of the day pre-
vailing as the market was closing. Lo-
cal receipts were heavy, 1,7D3 cars.
September broke to 3lAc, recovered to
| 32iEc. then declined to Sic, where II
closed. December declined to 33hc, re-
covered to 3iisc and declined to S2Tc,
closing ut 32Mc. The seaboard reported
| 100 loads taken for export.
There was Important liquidation In
oats as In all the other pits Prices
opened With rush. September starting
| Ac higher at zoe and advancing imme-
| dlately to t0hc, while December opened
Md1c higher at 22n22Ac There was
good outside buying all day, but not
enough TO counterfeit the effect Of the
heavy liquidation OF long holdings by
elevator people. which was chiefly re-
sponslble for the drop which ensued
shortly after the opening. The selling
was OF course influenced greatly by the
action Of wheat. Local receipts were
SO7 cars. September declined to l9c aud
| closed Mt 19hc. December dropped OF
20 20Lic and closed at that price bid.
Provisions were higher early in the
session on the strong hog market and
under the sustaining Influence OF good
foreign buying orders, but there were
too Jnony local traders ready to sell out
for the market to maintain Its opening
advance. Packers generally were free
sellers At the close September pork
was i8e lower as IS sly, September fard
unchanged at 81 G5 and September ribs
| 5G7i5c lower nj 81 32h,
Estimated receipts Tuesdny-Whcat
| 37j cars; corn 1900 cars; oats l,SOO cars;
hogs $1,000 head
The leading futures ranged as follows;