The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1897-10-29


CHICAGo-wheat added another
1%c to its price to-day, a total OF axe
since Monday. Shorts were driven 10
cover by the reports OF short stocks in
Europe and the northwest and ner-
vous but In the main very strong mar
ket resulted. Corn was helped by wheat
and light receipts, closing iaG%c
higher, Oats advanced Ad$c. Provis-
ions were almost at standstill and
closed at substantially unchanged
prices.
The absence OF demand for No. Q
spring wheat except at discount OF
from Sc to &c under December price,
which was made so much OF by bear
ishly inclined spectators near the
close Of yesterdays session was still
occupying the minds OF the traders to-
day when the session opened. Liver
pool was only from hd1&d over the
closing prices of the day before and
Paris was is confines lower. This
caused rather weak feeling at the
opening December, which closed yes
terday at 95Mc, started to-day ut from
951iG 95lSc and sagged off TO 95hc.
Quite sharp rally ensued when Min
neapolis and Duluth stocks were shown
to be only S,236,000 bushels as compar-
ed with 2O,5l2,OOO last year. December
selling up. to s6Nc under general de-
mand from shorts, but their wants be-
ing satisfied the market became easier
and showed sagging tendency during
the rest OF the forenoon. The purchase
OF another 100000 bushels of Duluth
wheat 10 come here contributed to the
downward reaction. which carried De-
cember down 20 951sc. There was plen-
~ Of news TO encourage buyers. The
drought east Of the Mississippi was I'M
broken; yesterdays news about serious
drought damage to the Australian crop
was confirmed and domestic receipts
were moderate. Chicago received 1iG
cars OF wheat, fourteen of them con-
tract and eight OF the latter from local
cleaning houses. Minneapolis and Du-
luth got $3.50 cars against S54 Thursday
week ago and l,22l last year The At
lantic port clearances. were equal IN
wheat and -four TO 100000 bushels. New
York reported the export demand for
wheat light. but Minneapolis advised a
good business In flour for export
New York reported the days export
trade at seventeen boat loads.
The market became very strong In
the afternoon. Private cableRrams
from Paris reported stocks Of wheat
light everywhere and said that the po-
sltIon was almost entirely In the con-
troll OF America. Considerable buying
was done on the strength Of these ad-
vices and December advanced steadily
to size, where It closed.
Corn was moderately active. The
market opened easy with wheat, but
soon became stronger and ruled firm
for the rest Of the session. The better
movement was due largely 90 the
smaller movement, 3G9 cars to-day and
small estimated receipts tomorrow. Of.
ferlngs were readily taken. several OF
the large houses buying freely. which
started shorts TO covering also. The
strong cash situation was factor.
Gables were hd lower. Exports were
25l 900 bushels. December ranged from
26Nc 10 2jAa26c, closing 1sd&c higher
at 2G% d26%c
More interest was shown IN oats.
Prices were easier early, but advanced
later undar sympathy with corn and
better commission house buying. There
was good shipping demand, and
country offerings are smaller Receipts
were 2i5 cars December ranued from
i9c to 1SitalsMc and closed 3-iGc high
err, at lSMc bid.
There was very little life to the pro-
vision market. Prices ruled shade
easier. more from the lack Of interest
than from any bearish influence. In
quiry ON shipping account was quite
active and offerings fair Hog receipts
were liberal AZ the close December
pork was unchanged Mt 81 TN; Dccem.
Der lard 2hc higher at 81 22iaai 20. and
December ribs unchanged at 81 AVA
4 80.
Estimated receipts for Friday;
wheat, i2O carH; corn. 40 cars, oats,
900 cars. hogs. 10000 head
Tho leading futures ranged a. follows!
Arttci,s tpn,n-t tttrt,- 4 n,,,-7i 4 f,,,.--