The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1898-12-14

CHICAGo-All the grain markets
were strong to-day, and closed at sub
stantiRl advances. In wheat the con-
tinued falling off Of receipts In the
Northwest was the maiE factor May
and December closed about Nc higher.
Corn and oats advanced about NC each
Provisions closed 2lkG5c lower.
Opening prices In wheat were practice
ally unchanged from yesterday. May
started at 65lSG65Ac. Northwest re-
ceipts were comparatively small, but
this was offset by a decline OF I'D in
futures and Id for spot mt Liverpool.
For few minutes prices were about AZ
a standstlll. with very narrow trading.
But the demand Increased rapidly.
and lnslde'of the first half hours trad
Ing the May price had been holsted to
65%c, around which point the market
swung for the greater part OF the ses-
sion. Shorts Eere good buyers. and
many longs, acting on the belief that
prices were on for good advance, in
creased their holdings. Apparently
the rapid decline In farmers deliveries
In the Northwest, as shown by the re-
cetpts at Minneapolis and Duluth,
Overshadowed everything else In Its In
fluence on traders. Argentine news
was favorable, and early reports from
bright prospects for a continued good
foreign demand for American wheat,
one cable from Germany refusing Of
ferings on the ground that Russia was
Offering wheat under American parity.
Nevertheless, the local sentiment was
emphatIcally bullish, and even at the
good advance wheat did not come out
In very great quantities. Northwest re-
ceIpts were S64 cars, compared with
1881 cars last week and 5S2 cars a year
ago. Chicago receipts were 22S cars, 10
OF contract grade. Total primary re-
ceipts were 1,1f30OO bushels. The In
crease in the worlds visible supply was
put at 3,424.000 bushels, about what was
expected Last year the increase was
less than 100000 bushels. Near the
end OF the session reports OF heavy
shipping orders here for 81. Louis and
the senboard proved an additional slim
illus to the buying. and May, which up
to that time had been steady at around
65%c, advanced rapidly to Coo. Some
reports put the eastern shipping orders
here as high as 100000 bushels. May
closed firm ut 658Q66c.
Corn was active and higher. Receipts
were fairly large, CAS- cars, while the
weather was favorable for shipping and
for improving the quality. But coun-
try offerings were not heavy, and q
good export inquiry existed. Local bun
traders bought aggresslvely The
wheat strength had considerable inllu-
erce. May ranged from Slisc to S4S6c.
and closed &c higher at 3iHsc.
Oats. though rather dull, We're firm.
Receipts were large. sol cars, but the
strength OF wheat and corn made shorts
uneapy. and caused good Veal of
scattered buying Offerings were rot
large. The shipping demand was good.
May ranged from go 20 26l.c, and closed
%dpMc higher at 2Gi5c.
Provisions were rather wobbly. The
demand was very good, but hog re-
cc!pts we're heavy. and packers Offer
ed freely Of all products, There was
also some realizing by recent buyers.
Liquidation became lighter late IN the
DAY. and the market flrmed up some
what May closed Sc lower al 80 90;
May lard 2isc lower at 50 42is, and May
ribs 2isG lower at 81 sly.
Estimated receipts Wednesday:
Wheat, 1870 cars: corn, i25 cars; OATS,
245 cars: hogs. $4,000 head.
Cash quotations were, as follows:
Flour easy,
Wheat-No. spring Gee; No spring
G3d63lsc; No. rcd G6@dSc
Corn-No, 2. 33sSc; No . yellow $3.50
oSts-No. ., 2OI962GNc; No. white
26hd2SMc.
Rye-No. .. Jic,
Barlcy--No. 2, 39G50c,
Fiaxseed--No, /. 81 Oils; No, north
western 81 O9Il 00,5.
Tlmothysecd-Prlme 81 27iiG2 90
Pork-Mcs.5. per barrel IS l06rS 10,
Lard--Per 100 lbs 50 i2lhGp5 2giR,
Short ribs-Sldes (loose) 81 5Oq4 20,