The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1897-10-01

I SalCAGO-W neat tO-uay more than
recovered from yesterdays tumble, the
December option closed firm at 1870
| advance. The market was badly rat
tied during the forenoon by the sharp
break In spring wheat. which became
irregular to-day, but heavy shipping
engagements from here, presumably Of
this same grade, put the market on its
feet again. Drought reports were also
a factor. Other markets were content to
follow wheat in a mild degree, corn and
oats closing sc each higher and pro-
visions advancing 5Gl0c.
Shorts in wheat, who expected I fur
Their break in wheat that would have
enabled them TO buy at an additional
profit were disappointed, the market
starting with December bringing $40
S9ssc, as compared with SS0S9hc at the
close yesterday. Liverpool commenced
the days trading at prices unchanged
60 Fsd lower. Paris started at a fifteen
centimes decline. These prices were
better than expected in view of the ter
ritory tumble in prices late yesterday.
The price current said that the drought
conditions had been intensified during
the week, and complaints OF dry pas
lures and OF ground unfit for blowing
came from all over the west. For mo-
ment after the opening the market hest
lated. Then shorts concluded the quick
er recovered the better ii would be and
the price OF December which had drop
ped through neglect to S9i4c, went up
with jump to 90ltC. Shorts had COnsld-
cradle difficulty In covering and not
until 90hc had been reached did hold
ers evlnce any disposition to let so. Az
ter that the market sagged off again TO
sec.
Chicago received 2jS carloads and
Minneapolis and Duluth 1Ol9 carloads.
Two latter OF Thursday last week re-
ceived 1913 cars and the corresponding
day Of the year before S96 Some offers
In the pit OF No. spring wheat at SjC
for October delivery, ut which time that
grade win be eliminated from the regu-
lar contract grade, attracted general at
tentlau from It's dIscountiRg the price az
which II could be sold at che time for
September by about 2lac per bushel.
Later II sold for September at S5c, This
caused the price of December to run
down 10 S9isc. But shortly afterward,
when It was announced that 100000
bushels Of No. spring that had been
offered mt SIC had been taken by n ship
ping firm for export the spectators
made haste to buy back what they had
been so anxious to sell a short time he
fore. The price responded to the de.
mand, thus excited by another rise 20
9Ohc. In addition to the local fresh
purchases for export the ciearnuces Of
wheat and flour from Atlantic ports for
twenty-four hours amounted to $4,000
bushels, Additional strength was lent
the market later by the six per cent
premium which wheat was commanding
at St Louis over the Chicago price. De-
ccmber finally sold up to 9ONc under a
vigorous demand and closed at 5000
gONc.
The dry weather and the recovery in
wheat caused corn TO rule firm, There
was quite general covering by room
traders and some let up In the selling
pressure, the consequence being prices
ruled higher from the start. Lower ca
bles and the fact that receipts though
comparatively small, were one hundred
cars over the estimate, checked some.
what the upward tendency Tho cash
market was weak Receipts were post.
cd at AS cars, Exports were $4,000
bushels. December ranged from 2S%e
to 2S%c, closing &c higher at 29H0
20&c,
= Oats were fairly active ANA stronger.
Drouuht In the west attracted attention
nnd induced some buying A good cash
demand also excited, which helped spec.
ulntlyc futures. Receipts were A3i cars.
ScabO1rd clcarnncps $4,000 bushels.
December ranged from 20c TO 1924 NlglAc,
closing Nc higher, at 1910.
Speculative trade Ia provisions was
small, but prices were nrmer all dny nj
some Improvement over vcBtcrdnv's
rlnHlng values Hog receipts wcro 1000
Tess than expected md yard priccg &c
higher Packers ana other shorts did
some buying AZ the close December
pork was lOr hIghur at s. 21ih, Dcccm.
her lara l0Ul2iRc higher. nt 81 67Bd
Z 60, and December ribs 5Qiilc higher,
at 81 77MMi SO
Estimated receipts Friday,
Wheat 2ib cars, corn. $50 cara. oats,
$50 cars. hogs, $4,000 head
Cash quotations were ng follows,
Flow Weaker aHd prices fnyorinp
buyers
wheat No 2 aprlnF 1RaolTci No Q
8prlng &nSSc, No 2 red 0lMdgiNc.
Corn 80 9, 21&01iMc, No. yellow
g7Fa2i4c.
H-No. ?, tOalOHc; No. 2 white
22H23o, No, 0 white 2Olad2gc.
rye No ., lGc
Horlcy No 2, nom.nnli No 2, 2SUilc
80. 4, g7H3lr.
irInyHccd No I, OGh@0SNc
TlmOthygood-Prlmo 81 w