The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1897-12-28

| 'CHICAGO-All the activity OF to-day's
grain aud provision markets was con-
fined to the morning. During the after
noon dullness caused by smaller worlds
shipments and the Oriental war talk az
fected wheat, May closing at 40 sc de-
cline. Corn and oats were both very
strong and advanced &c and 9se respect
lively. Provisions closed at slight de-
cllnes
Wheat opened firm at from &c to sc
for May over the closing price OF Friday,
initial sales ranging from 9ilaq9isc
with few sales moment later at 94MQ
94lsc. An active trade was done for an
hour and the market for that length of
time maintained the appearance OF
strength with which II started, May SELL
Ing as high as 949sG9iAc. II once
touched 94ba9iLc, but under the de-
mand from shorts which was active dur
Ing the first hour, 1t reacted again to
1880 and held around that figure for
some time, Subsequently trade slack
ened and the price weakened slowly to
within half an hour from the close. APP
parently the only reason for the
strength was the new European war
scare, as nothing else OF a bullIsl1 char
acter was contained In the early news,
There were several bearish features In
the days news, chief OF which was an
estimate made In cablegram from
Buenos Ayres making the probable sur
plus of wheat for export from Argentina
10000, 900 bushels. The latest previous
estimates from that country suggested
an eXportable amount of about 25,OOO,OOO
bushels.
Foreign markets were closed on ac-
count OF Christmas holidays, but New
York reported the receipt OF some buying
orders for futures on European account
and at least one $4,000 bushel lot was
bought In the pit there on an order from
Liverpool. The Liverpool corn trade news
estimated the worlds shipments Of last
week at 6,4SS,000 bushels exclusive of
Baltimore shipments. The United States
contribution TO last weeks total was
400 900 bushels. The receipts In Chica-
so since Friday numbered 1855 cars by
rail- from outside 2l3,500 bushels unloaded
from n vessel In the river besides $4,000
bushels and 1874 carloads transferred
from unlicensed elevators. In all 100000
bushels was estimated TO have been
added since Friday to the contract stocks
In regular houses. Minneapolis has 1907
carloads Since Friday, compared with 995
a week ago and $50 On the similar period
the year before. The visible supply In
creased l,05l 900 bushels compared with
decrease OF 100000 bushels the year be-
fore. Exports for the day from Atlantic
ports equalled i9l 900 bushels. The heavy
receipts here and at northwest points
caused considerable realizing and short
selling by professionals, this and the late
dullness causing n decline in May to
o35Sq9SHc. AT that price little better
support was given and by closing time
May had reached 95c.
Corn for the greater part of the session
was very active with an increased out
side interest. Many wheat traders were
in the pit bidding for corn and shorts
were also active buyers. The heavy
weeks clearances 100000 bushels, the
lack of country offerings and the Euro
pean war news were all factors and the
market ruled strong. Trade fell off con-
slderably late in the day, but prices held
Arm TO the end. May ranged from 30kc
to 2sssq29Tc and closed &c higher at
30isc.
In its ESSENTIAL features the market for
oats was almost counterpart for corn.
The market started very firm and active
with local shorts, slightly alarmed at the
strength OF corn buying freely. In this
market also the war talk was factor.
Trade was much quleter during the af-
ternoon but without much effect on
prices, May ranging from sac to 1850
23lac, closing &c higher at 235sQ23Hc.
Provisions were active and firm during
the market. The opening was rather
weak with quite free realizing and SELL
ing by packers The market coon be-
came firmer on good general buying, but
later In the day the advance was all lost.
the closing being easy. May pork closed
&c lower at So 92ia; May lard unchanged
at 81 1904 1915 and May ribs eye lower
at 81 So.
Estimated receipts to-day:
Weat 1855 cars; corn 600 cars; oats 600
cars; hogs $4,000 head.
The leading futures ranged as follows: