The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1898-09-01

CHICAGo-A sharp advance in corn
to-day, although not holding until the
close, overshadowed the bearIsh con-
sideratIons In the wheat pit and partial
" sustained wheat prices. September
closed 1L6&c lower and December lost
X6%c. Corn compared with last night
is MGhc higher. Oats are unchanged
TO Kc lower. Pork declined TIC; lard
12lkc, and ribs 2lsc.
Liverpool before the opening here
showed declines In wheat OF sd Tor
September and I'D for December, which
was sufficient TO account for lower
prices at the start. More confidence was
soon expressed bV the traders, however,
when they observed how little wheat
was for sale at the reduction and how
much appeared to be wanted. The
northwestern receipts were sufficiently
liberal to keep bullishness from taking
q very firm hold OF the crowd, but there
were fewer expressions Of bearishness
10 be heard. New York reported early
In the day that foreign demand there
for wheat for shipment was more ac-
tive than for some time previous. 1t
was partly because OF the improved ex-
port demand, but perhaps more on ac-
count OF the early bullishness OF corn
that September and December wheat
at Chicago quickly recovered the slight
dip 1t made at the opening.
Cash wheat was easy at about 4snlc
decline for contract grade and lower
grades at about yesterdays prices to a
shade higher Chicago receipts were 236
cars, against AS year ago. Minneapo'
lis and Duluth received 6i7 cars. COM
pared with 1914 the year before and the
aggregate at all the principal western
markets amounted to 1,ll6,00O bushels.
compared with 1,ll9,O00 bushels the
corresponding dag OF the previous year.
That catching up OF the receipts to the
volume OF last year was one OF the
most marked features OF the days de-
Vclopments. Shipments from Atlantic
and Gulf ports, equal In wheat and
-four to 100000 bushels, passed without
comment. illustrating the greater In
fIuencc with the crowd OF anything ca
pabIe Of bearlsh Interpretation. In the
last hour the advancing tendency In
corn having been checked. wheat turn
ed weak and prices gradually worked
lower. September opened 1spAc lower
at 6i06Ihc. advanced TO csc, reacted
to 63%c and closed nt 63& a 631sc sellers.
December started &c down at 6lkG62c.
up to 627sdGgIsc, on to 6lSsc, then re-
covered to 6l4Ic buyers Mt the close.
The growing conviction Of a prospec-
tive short crop being Mt present clench-
ed into an assurance OF n poor yield by
the continued high temperature
strengthened corn. Prominent bulls
bought heavily and the efforts mndc.bS
tfie shorts TO cover were hardly less &c
tive. There was some recession from
the top near the close caused by rcallz-
Ing and liberal estimates for tomorrow.
September started &c higher nt 30hap
3O7ic. declined to 3Oh 63OIlc. up to 3O9ic
and closed at 30Mc buyers.
oats acted independent OF wheat or
corn and prices ruled steady within a
nnrrow range. The most OF the trailing
done was changing from September TO
December. September opened unchnnE-
ed 20 &c up ut zoe, declined 10 lQAc and
closed NJ l9Nc.
Large receipts Of hogs and lower
prices at the yards started provisions
weak Yellow fever rumors brought
about heavy selling Of pork and lard
and prices declined sharply. September
opened l0c lower at IS a., rose to s. so
and declined to IS G7h at the close. Sep