The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1897-11-03

CHIcAGo-Wheat started weak at
from 95xc to s5Nc for December, about
We below the closing price OF the day
before. The tendency during the
greater part OF the forenoon was to-
Iward a further break and that was
made easy by the dizziness OF trade.
about an hour and a half from the
opening December had got down to
95Kc. Chicago receipts were 2SG cars;
Minneapolis and Duluth received l,OiS
cars, against 9g7 a week ago. Liverpool
quotations for futures were favorable
to the bears, but California wheat on
the spo, there was lid than II closed
the day before, Futures opened from
I'd to I'd per cent lower. Reports from
81. Louis said five mills had. closed
there, the reason given being that they
could not sell their flour at a proht
based on present prices OF wheat. Ar
gentine crop news continued to be or
its previous favorable complexion. Fur
Their rains have fallen throughout the
drought stricken district east OF the
Mississippi and a material Improve
ment In the pasturage and winter wheat
prospects Is looked for. All this was
known before the opening and was re-
sponsIble for the weakness shown
during the morning. The first matter
OF a clearly bullish enough character TO
arrest the strong downward tendency,
was the report In the Orange Judu
Farmer of the acreage and condition OF
winter wheat as II stood ".
That report indicated the worst pros
pect for a winter wheat crop next sea
son ever known at this time OF the year
Even with this as an incentive, the
market hardly wiggied until buying or
ders from the outside came In. That
started the market up and local opera
tors taking hold. December rose to
s6Ikc. Some export business was done
from here, 10000 bushels No. 2 spring
and 10000 bushels red winter. Deem
Der closed at 96c,
Corn was weak early IN sympathy
with wheat, but raiAed later. There was
some selling OF long corn on the theory
that clear, cold weather would increase
western offerings. There was q good In
auiry for spot corn but not much bust
ness resulted. Receipts were moderate,
$40 cars. The last rally In wheat started
some sympathetic coverings BY corn
shorts and all Of the early declines were
recovered. December ranged from 26%c
10 26%o and closed at 2G&c
After the first half hour business In
oats vas very quiet with no disposition
10 do business either way. Early eleyn-
tor concerns sold quite freely and with
corn and wheat both tending toward
weakness, this market followed. The
recovery in those markets caused similar
action in oats, the market closing at a
shade under yesterdays prices; receipts
were az cars. December ranged from
l9M6isAo to 1sc, closing at l9hQi9kc.
Provisions, there was some disappoint-
ment over the decrease in stocks which
were smaller than expected. The mar
ket was weak at the opening and for
some time on moderate liquidation. Eng
lish houses were good buyers later and
prices reacted. The cash demand was
good, AT the close December pork was
80 lower at 81 CO.: December lard I'M
changed at "a 29is and December ribs &c
lower at 81 10.
Estimated receipts Wednesday:
Wheat 1870 cars; corn $50 cars; oats $50
cars: hogs $4,000 head.
The leading futures ranged as follows:
TNA