The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1897-12-02

feature finally, Corn oats and provls-
ions We're all dun end price changes at
the close We're insignificant
The MISUNDERSTANDING OF an order
TO buy December wheat came near to
demoralzlng the market at the OPEN
Ing. 4 commission FIRMS order to
buy $4,000 bushels December wheat was
misconstrued and the wheat was in
stead offered for sale, resulting in
some other small lots coming on the
market and an almost immediate de-
cline TO SIC, as against 95%c at the close
yesterday The mistake was soon dis
covered and the buying OF not more
than $4,000 bushels put the price up
again 20 96Ac in quicker time than 1t
took to go down.
May started unchanged at 9lisc, but
the effect Of the Disqualification IN De-
cember caused a temporary depression
In May to 90Ac. 1t quickly recovered,
however. and In the course Of the fore
noon 1t reached 0l%c. The cold weather
continued throughout the winter wheat
region and the fields were still uncoy-
cred. The st. Louis crop experts evil
IDENTIFY thought the trials that the plant
was being subjected to were more than
1t could live through, as several orders
came from there TO buy July wheat
That future In consequence was rela-
lively stronger than May. Minneapolis
and Duluth receipts once more this
week showed some falling off, compar-
ed with the previous weeks, but were
stlll dlscouragingly heavy, as against
those OF year ago. Those places re-
ported 7l5 cars, against 762 last week,
and SlGlkhe like day of 1896. Chicago re-
oeived u cars, against only thirty-four
last year, but shipments hence were
$4,000 bushels.
Atlantic port clearance were equal TO
$4,000 bushels in wheat and flour, The
western primary market receipts were
1905. 900 bushels, compared with only
5Oi,O 900 bushels last year. Zero weather
prevailed in the region around Duluth
so that 1t was considered very question
able II any further shipments would
be made by lake from there this season.
This was delivery day, but notwith-
standing this fact there Was hardly any
wheat turned over, and II Is the belief
that little will be until navigation Is
closed. Liverpool opened unchanged
for all futures but May, which was
9sd higher but closed strong at from
ed to Id higher, March, the active
trading month, being the strongest
Notwithstanding the rather encourage
Ing situation, the trade was so llght and
the active local traders so reluctant to
retire with any unfinished business on
their hands that IN their efforts to dis
pose OF long wheat they accumulated
during the forenoon's rise the market
slipped from under them and the price
OF May went down from size to 994sc
about fifteen minutes from the close.
New York reported only ten loads for
export. This lack of export demand
started the unloading, which was rem
tered difficult by the almost utter lack
OF buyers and prices slipped down very
easily. December behaved better after
Its mornings gymnastics and closed at
9GAc, an advance OF hc.
Corn was firm and was very little af-
fected by either the early strength on
closing weakness OF wheat. The better
feeling was due In measure to the be-
lief that the LIQUIDATION is about over,
and spread to-day narrowed some.
There were no deliveries on December
contracts. Gables .were firm and ex-
ports were good amounting to $4,000
bushels. Receipts were 3l9 cars, Coun-
try offerings were moderate, but the
weather Is favorable for the movement,
Trade was unlmportant. May ranged
from 29Ac to 29hc,closlng a shade high
err at 29k@29hc.
Up to short time before the close the
market for oats was firm, active and
higher, December especially showing
strength. Good elevator buying, firm,
cash market and sympathy with wheat
all helped to advance the price. De-
llveries were small. which was also a
factor. The late break in wheat start
ed May liquidation, however, and the
market lost all Its early advance, SELL
ing at the bottom al the close. Receipts,
2j5 cars. May ranged from 22Ac to ga
22Mc, the latter being the final price.
December maintained its strength and
closed 3Sc higher at 20&c.
The market for provisions was for
time strengthened under the enormous
receipts OF hogs to-day, This feature.
coupled with rather free deliveries OF
pork and lard on December contracts,
caused lower prices early. AT the de-
cline the demand improved and the
market slowly rallied, and closed fairly
steady. There was n moderate shipping
demand. At the close January pork
was &c lower at Sc Is; January lard
shade lowernt 81 22IS. and January ribs
unchanged at 81 co.
Estimated receipts Thursday:
Wheat, 40 cars; corn. 4S5 cars; oats,
800 cars; hogs, 1900 head.
The leading futures ranged as follows: