The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1897-09-18

brenUAttiis hnu i-FoNihloh''
CHICAGO-Tt was a day OF liquidation
and short selling in the grain pits to-
day. Corn suffered the worst, not even
the frosts reported having sufficient In
iluence to stop the decline, Corn closed
lA@lSc lower Wheat followed closely
with lkc decline, while oats broke llac,
The provision market was shining ex-
ception to the general rule, closing
prices showing 7hdl0c advance. This
was one OF the days that the opening
quotations from Liverpool had some eff
feet upon the wheat market at the start.
The traders who bought on an advance
at Liverpool Of I'D per Genital, as that
market was quoted before business com
menced here, paid about &c more for It
than 1t was selling for at the close Of
the day before, December starting at
/, 939s d93Ac. There was some suspicion
at the start that the Liverpool market
was being manipulated, but the market
quickly reacted again to 93kc. For
more than an hour the buying induced
by the strength al Liverpool was sufii-
Client to maintain the price at or above
the opening figures. The English mar
ket kept gaining until its close, when
1t had reached from ed to IL improve
ment for the day. While that advance
was In progress the market here,
though quite dull, was firm, but after
the closing cables were in 1t began to
weaken Liverpool was the only foreign
market to show strength and advices
from there explained the advance by
telling Of intense heat and locusts in
Argentine,
Paris closed at a decline of 20 CEN
times for September and Antwerp at a
reduction of % confines; equivalent to
nc per bushel decline at the one and
lhc per bushel at the other market
London also sent bearish cablegTams to
the effect that there were resellers Of
cargoes at less money than was being
asked for fresh shipments from here.
The price of December grade declined
until about II o'clock 1t was quoted at
92kc.
Chicago receipts were 27S cars. "a of
them No. 2 spring. Minneapolis and
Duluth received lob cars, against 496 a
week ago and 1923 last year. The stocks
for the week at Minneapolis are estima-
ted TO show a decrease of 100000 BUSH
els, Duluth an increase Of 100000 bushels.
The export clearances from the sea-
board were equal in wheat and flour TO
3is, 900 bushels. Exporters here had or
ders for No. 2 red wheat for the United
hlllEuulllt buL Nuulh lllNA lANIt ANl pdlt
within &c Of their limits There were
export orders for Kansas had for ex-
port which could he bought for &c UNI
der December, but that was said to have
stlll left the price &c above working
basis, when December was 92iaC, the
price dropped to 92c December was
selling at 92G92lsc at the close,
Corn was unCOmpromislngly heavy.
The frOsts reported had no influence In
stemmnE the bearlsh current and the
price after the first few minutes kept
on n steady decline. The continued
heavy receipts are at length having
their effect large and influential in
terost pounded the market persstently
all day and there was general bull IL
quotation. The cash demand was slow.
Receipts were Sll cars. Atlantic clear
ances were $4,000 bushels December
opened hc higher at 3isd31&c, sold
down to soc and recovered to 3lhc,
whore 1t closed.
oats were very slow and weak innu-
cnccd by the corn and wheat decline
Lack Of speculation was also a weak
cning factor A good cash demand eX-
listed early In the day which held prices
comparatively firm for time, but the
weakness OF the other grain markets
finally had It's effect New York was a
good buyer OF December Receipts were
337 cars, Clcarances were $4,000 BUSH
els December ranged from 2likc to
2Ohc, closing at 2O&c. or nc under yes
tcrday
Provisions were remarkably firm con-
sIderlng the weakness OF the grain mar
kcts. The provision crowd were evil
IDENTIFY over their yellow fever scare and
shorts were eager buyers OF all prod
ucts. a feature was the large European
demand for lard Part Of the early ad-
vance was lost on realizing by scalpers.
At the close pork was IiFc higher at
s. 32h3; lard Toe higher at 81 G7isdd 70,
and December ribs Iiac higher at 81 S7is.
Estimated receipts Saturday: Wheat
EGO cars; corn $40 cars; oats $50 cars;
hogs 1900 head,
inc leading futures ranged as folowai