The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1897-10-06

| CHlCAGO-The local wheat market
to-day followed the lead of the foreign
market and closed strong at an advance
OF 20 over yesterday. Foreigners were
good buyers OF cash grain and were ev-
identity much impressed with the
drought In America and In Argentina.
Corn was strong, but advanced only a
$c, Oats closed 1sc higher. Provisions
were neglected and weak in conse-
qyeuce, closlug 54l0c Lower. Drought
at home and strong markets abroad
were the influences which were upper
most in the wheat market when bust
ness began. Buyers took hold with
more confidence, while short sellers and
In fact all kinds of sellers were inclined
to be more cautious. Liverpool cables
opened at an advance OF I'D over last
night and subsequently advanced to i'd
over yesterdays closing prices, In the
pit there were buying orders for De-
cember wheat coming direct from Par
is, though the quantity thus bought
was not large enough to attract general
attention. The predictions for cOntinu-
ed fair weather for the next thlrty-six
hours In all of the winter and spring
wheat territory was very disappointing
to those who had expected that yester-
days light showers In the northwest
would become heavier and extend down
into the winter wheat country. The
fact that northwestern receipts were
large was not sufficient to offset the
effect of the dry weather The wheat ar
rivals at Minneapolis and Duluth were
1869 cars, against 1875 week ago and
1883 for the corresponding week last
year. Chicago receipts were 1856 cars
December which closed yesterday at
SOac, opened to-day at S0SG9OMc, with
a few small lots selling as low as S9Ac.
The price was soon advanced to 9OAc.
Foreigners were liberal and persistent
buyers OF futures here aud In all other
American markets. The closing ad-
vance in Paris was equal to lSc, Liver
pool was up iiac and Antwerp was up
lhc. To-day's seaboard engagements
were reported at slXtS-eight boat loads.
The weekly report of the Great North
ern road confirmed those of a large
number Of correspondents covering a
wide area in the northwest that returns
were disappointing and that previous
estimates would have to be reduced. A
very sharp squirt in the price at Duluth
gave color to the stories. Reports Of
drought In the Argentine came from
very conservative sources and from the
fact that foreigners bought not only
wheat but corn and rye In this market
and presumably elsewhere, It looked
very much as though the European
centers were greatly stirred up again,
The market grew very strong toward
the close. The hrmness OF closing ca
bes and the anxiety Of foreigners to
purchase wheat scared the shorts who
have been having their own way for
some time past December sofa up 10
0l%c. finally, and closed firm at that
price.
Corn was strong on the continuation
Of the drought In sympathy with the
strength In wheat and on good general
buying. The volume Of business was
not large during the early hours, but a
strong demand developed as the session
advanced. both from local shorts and
for foreign account. The strength at
Liverpool also attracted attention. Re-
GENTS were $50 cars. Atlantic clear
anccs were $4,000 bushels, December
ranged between 20Sc and 29hc, closing
hNAC higher at 29#c. Onerlngs were
liberal at that figure.
oats were firm, affected somewhat by
tho whcnt advance, but also largely by
tho drought. There was an advance
early In the day on urgent buying, This
demand dropped off later and part Of
the advance was lost each demand was
excellent. Receipts were 532 cars De.
Cembcr ranged from 1870 to lN9hC Clog-
Ing u @ higher nt l9hc Provisions
were very slow, The opening was lower
bocnuRC Of liberal receipts of hOEs here,
nnd lhc lower yard prices. The market
rallied slightly with grain hut grew
weak ngnln, ana remained In that cons
dillon for the rcal OF the session Mod
crate january offerings by packers
wnro about the only features ~
tndlnE At the close December pork
was Iit6riOc lower at tS lOf1S lgi6; De,
ccmbcr lard tW7ilc lower NJ 81 30, and
December ribs DO lower ut 81 10
Estimated receipts for Wednesday!
Whonl $50 CNrRi corn 40 cars, hogs,
$4,000 head, UnlH 3}O cars.
Cnth uuolntlunH we've nH follows,
Flour easy
Wbonl-No, 2 spring S0uSpHc, No.
gprng SuSja, Ma 4 rcd Vase.
Corn. No 2, 2AAmgShn, No 2 yellow
Nlhm3Sllu
oats 80 9, lgHmlDhc, No. g Hllc
@hu&c No . white 2lmg24c
rye 40 9, i6lkWl6o
lintlnv No % nomlnnli No Q, g1i5W
l6n, No 4, 2IU89r
Nl1KHool no T. OlbnN5r
Tlmolhyfucd-prImc, ~ JgA.