The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1898-10-26

cHICAGO-war or no war between
England and, France was the para
mount question in the speculative pits
to-day, and the general opinion was
that private solution of the difficult
ties was more clearly in view than could
be believed yesterday A general de-
cline resulted, amounting to &c busheI
in December wheat, lsG&c in corn, "a
&c in oats, 12lac In pork and bgI1ac
each In lard and ribs.
English consoIs were again lower at
the start and the Liverpool market
opened excltedly higher. The logical
results of that BY Itself had been a
wild scramble for wheat here, and a
much more material rise in prices than
occurred the day before. Wheat spec
ulators had, however, TO tnke account
of many things that were not paraded
in view Of the multitude, apd II was due
to some of those obscure influences that
a severe decline In prices that inaugur-
ated the days business was not so IL
logical as 1t appeared on the surface.
Many OF the active traders have loaded
themselves recently with wheat at what
they would consider u dangerously
high figure II peace were assured.
People who had bought heavily because
had no use for 1t in the other event, lis
tened to the whisperinEs OF a probable
peaceful settlement of the Fashoda DIFF
ficulty, ard fastened to rid themselves
OF their war-prlced wheat. English
consols later in the day recovered their
early decline. This was hailed as the
harhinger OF peace. and helped to bring
out more long wheat, and even some
from the more careful short sellers.
Chicago received SO2 cars, compared
with 1914 cars last year, while Minneap-
oils ard Duluth receipts were 1,i02 cars,
against 997 cars the year before. Allan
| tic port Clcarances were equal In wheat
and flour to 725.OOO bushels. The weak
feeling that had prevailed In the mar
kct during the first part OF the session
was arrested for time by a report
from New York that $50 boat loads OF
wheat had been sold for export Trad
ers as q rule, here were not disposed TO
| believe in such heavy business, how
| ever, ard pointed TO the easier tone
| in both lake and ocean frcights as OPP
posed to its probability. Bradstrcets
report of the worlds visible supply
showed only $4,000 bushels increase on
this side OF the Rockies. That was dis
appointing to the bears, and the market
rallied n little on II, but heavy tone 10
closing cableErams ard heavy primary
receipts, with a growing impression
that Paris was right when 1t wired that
| the American, markets were unduly eN-
cited, continued to sway the huctua-
tons. Primary western receipts were
1898, 900 bushels, against l,l69,OOO bush
els last year. December opened FAC
| lac lower Mt G9G69hc, declined to SSH
1 4 . on a GGlg q
and closed at 6Si4 aGsAc.
Corn was not very active, and OF Its
own volltion would have apparently re-
mained immOvnb,c, but was forced by
wheat to drop dowudard course Thu
result for lower prices for carriage and
"A decline In prices OF grain was thkinG
Of quite heay amount for export FIX
ports were moderate. I07 cars, on ac-
| count OF stormy weather. The market
| frned UP near the end because OF some
purchases from the country. December
| started Hnhc lower at S2Am32ifc,
weakened to 32c, then improved to 32!s
| T32Ac no the close.
oats ruled weak. with the selling Of
long property by leading scaiper the
| feature. This caused a heavy tcehHg
| and IL did rot require much assistance
| from the declaring wheat and corn to
| cause prices TO fail on. Receipts were
| oEly 202 cars, the movement beinR
curtnlled BY bad weather May began
n shade lower nj 24lad25Mc, declined e
| 2iHG2lNc and closed at 2i%c buyers.
Heavy grain markets and a further
drop In the price OF hogs, together with
| lack OF business, cnused concession
IL provisions, Trade was narrow, aud
largely By scadpera January porF