The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1897-09-23

cember had risen To s2he, There was
nothing particular in the news to cause
the sudden change In the sentiment A
reaction appeared TO be due in the nat
ural order OF things and when some In
vestment orders appeared In market,
shorts started to cover. The very mar
rowness OF trading probably prevented
a further advance. The only really bear
ish feature was the receipt of $50 cars
OF wheat at Minneapolis and Duluth,
against 5sS a week ago and $40 the cor
responding day Of 1886 Even that was
only bearish on the surface. The cash
prices at these places to-day were from
&c TO eye a bushel over December; so
that the receipts there now represent
probably the bulk OF the entire move
ment from the farms In the northwest
60 the exclusion OF any accumulatons IN
interior country houses, The chicago
receipts were 344 cars OF wheat OF
which only thlrty-three were contract
The total receipts OF wheat at Kansas
City, ST. Louis and Detroit of winter
quality was only l76,695 bushels Inc
business done at New York yesterday,
for export, was reported to have been
larger than what was made known OF
II the day before, the total being reports
ed to-day at 4s5O0O bushels. Accept
ances were reported of some OF last
nights cabled offers to the United King
dom,
A reaction followed the advance to
s2lsc, when closing continental cables
were received showing declines OF nj
teen confines at Paris and f2i5e to 25e
az Antwerp. The longs also took ad-
vantage of the advance to unload
good deal of their holdings and the re-
suit was that December dropped back
to seize. Then the market turned for the
last time. The cash strength at Mime
apolIs brought selling to a sudden halt
and prices commenced to climb at once,
not stopping until December touched
the high point OF the day, exc, which
was shortly before the close. Confirma-
tory reports from the United States
consul at Odessa concerning the Rus
sian crop shortage also helped In the
late strength. December closed at 92Ac,
Corn started easier, with wheat and
larger receipts than expected. The
western recovered Its tone and closed
strong and &c higher than yesterday,
II was largely scatping market and
the fluctuations OF wheat had more In
fuence than anything else. Shorts were
the best buyers, Country offerings were
reported larger The cash demand was
poor. Receipts were posted at 676 cars.
December ranged from 3O$QSl%c, clos
Ing at size
Oats were quiet, but firm. The fea-
ture was the large cash business, $780,
900 bushels being reported sold here for
shipment and this was the principal
cause OF the strength, though to a GER
tain extent wheat and corn assisted.
Receipts were 3O6 cars, December rang
ed between 2lc and 2Oisc, and closed
at 20Ic, an advance OF Ac.s
Provisions. were almost as slow as
oats. The market ruled easy around
the opening, because OF the heavy hog
receipts and consequent decline in yard
prices. A complete recovery ensued la
ter In sympathy with the advance In
the grain markets and the closing was
at the best prices OF the day. At the
close July pork was 2isc higher at IS 40;
December lard unchanged at 81 65a
4 67ls and December ribs 2lsc higher at
81 %.
Estimated receipts Thursday:
Wheat. 2l5 cars; corn, 1856 cars; oats,
$50 cars; hogs, $4,000 head.
Tho leading futures ranged as follows: