The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1897-10-21

ieied all around. Wheat was helped by
renewal OF the continental demand for
American wheat, December closing &c
higher There was a sllght disposition
TO play for reaction in corn and a sc
advance was the result. oats closed
H9Ac higher Provisions closed at
small advances for pork and ribs, with
lard substantially unchanged.
Wheat was steady at about yester-
days closing price at and for a few
minutes after the opening and then 1t
was subjected to some bearIsh in
huences that caused 1t to decline ] per
cent per Dushel during the next hour
May was not as weak as December
during the time referred 10, owing, Y
was supposed, to the action OF the bull
clique, who, as on the day before, sold
December at or above Ole, and bought
the May when II was weak, The COM
parative tirmness during the hrst rev
minutes was because of a further re-
duotlon In northwestern receipts and
steadlness OF the Liverpool and Paris
markets, both OF which quoted prices
unchanged from the previous days
closing, The bearish news came partly
from the northwest, and partly from
abroad, Heavy rains were reported IN
Argentina, The Liverpool corn trade
news revised its previous estimates of
European requirements, making the
amount only 72,OOOO0O bushels Instead
OF 12S,O0O 900 bushels as previously cal
culated. That had some depressing eff
feet, but more serious news was the
reported sale at Duluth of 100000 bush
els OF No. | northern wheat to Chicago
for delivery ON December contracts,
which was made possible by the higher
prices ruling here. This rather stag
gered the trade, December at substan-
TALLY Yesterdays closing prices, SO7s@
Ole, and before the effect OF the Duluth
transaction had worn off decline TO
9GAc had taken place, Chicago receipts
We're 204 cars. or thirty-four
over the estimates, Minneapolis and
Duluth reported SS7 cars, against 800
last week, and 965 the corresponding
day Of the year previous. Atlantic
port clearances Of wheat and flour
were smaller than Monday and Tues
day, the total being under $4,000 bush
els. Bradstreets report on the worlds
visible supply showed an increase OF
4,27l 900 bushels. About l2 o'clock the
market began to show signs OF firm
ness. Sales were reported OF two car
goes of No 2 red winter at Toledo ana
one cargo at Detroit for immediate ex-
port to the continent. This indication
OF a revival of the foreign demand en-
couraged local buyers and the price ne
gan slowly to mend December adVanc-
cd to 9lhG9l&c, and was bringing
9lh@9l9tc at the close
Corn was steady even when wheat
was weak In the forenoon and was
very firm later when wheat advanced
There was considerable buying on the
theory that a reaction was about due
following the recent heavy declne'
Shorts were also numerous. The foreign
demand which for two weeks has been
apathetic, revived In force to-day Inc
opening was shade easie- on the Iib-
eral receipts, $50 cars, and the lower
cables, but the decline was soon made
up. The visible increase was 2,43O 100
bushels. Charters were for $4,000 bush
els. December ranged from 2bc 10
25lc, closing &c higher at &c.
Oats were higher and firm at the ad-
vance. Trading was not important,
the frmness being due principally TO
light offerings. New York did consid-
cradle bidding all day, Elevator inter-
ests were fair sellers early, as usual,
sympathy with corn was an important
factor Receipts were 242 cars, Decem..
her ranged from 1880 to 1Sbc, and
closed kd44c higher at 1871 9lS%c. :.
Provisions we're steady on a small
amount of business, The continued
bad reports from the yellow fever DIS
trlct caused a small opening decline
shorts were good buyers and the cash
demand was considerably improved
which fact caused recovery of the
opening decline and small advance
besides. The firmness OF wheat and
corn helped toward the end. At the
close December pork was sc higher at
81 so; December lard unchanged at
81 sOI4 32Is, and December ribs 24sc
higher at 81 80,
Estimated receipts Thursday:
Wheat, 23O cars; corn, GOO cars; oats,
2S5 cars: hogs. $4,000 head.
The leading futures ranged as follows: