The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1898-12-08

CHICAGO-Weak cables and heavy
receipts were the factors to-day In the
wheat pit May wheat shows loss of
SaLc and December aic. Coarse grains
were weak carly, but rallied and closed
IsaKc higher for corn and iIdpSc high
or for oats. Provisions declined ego
ne.
Wheat opened weak at decline Of
SIC for May and December, the former
starting at 655sG65lLc and the latter at
6f3sd64Isc. Liverpool was the factor
The market reported declines that were
entirely unlocked for by local traders.
prices being ssd off at about the time
business commenced here. The weather
was favorable FOR the movement. hut
receipts here were light. 127 cars, five Of
contract grade. Northwest receipts
were heavy. MINNEAPOLIS and Duluth
reporting 1000 cars, compared with
i, 554 last week and 600 year ago. There
was little buying against puts imme-
diately after the opening. which caused
temporary reaction In the May price
to G5%c, but selling sool became too
heavy for the market TO absorb and the
price declined to 654GD65Sc. The fca-
ture OF the mornings trading was the
liquidation in December, which was
LlNGll kGllGAAA AAAaAAl gNfsNaSs eAaaNA
which resulted IN n widening OF the
discount from 1c TO llsc. under Mag.
Commission houses were active sellers.
1t is expected that after the close OF
navigation now at hand. December de-
llVeries will be freer and this undoubt-
eddy influenced the decrease The weak
ness OF December had its Influence on
May and liquidation in that option was
also more active. About ii o'clock tho
market became steadler on reports OF
heavy clearances and n good cash and
export demand and prices slowly rccov-
ereds May at one time getting as high
as G5Ac Atlantic port clo1rances were
nut at 100000 bushels. New York early
reported the sale OF 1000 bushels No.
. Northern Duluth wheat for shipment
10 Germany. BY noon the export busl-
ness had been put Mt 100000 bushels.
Sales here were placed at 100000 BUSH
els. Late In the session the market
was really strong. ndvices IN coarse
grains helping Shorts covered quito
freely and liquidation Of December
stopped. May closed al GJsSc and De-
cembor at G4h6GiHc.
Corn was relatively much stronger
than wheat The market showed come
sympathy with wheat az iirst,lnd OPEN
| ed lower, but soon recovered and late
In the day was very firm. The local
demand was GOOD and offerings after
the first hours trading were large. o86-
900 bushels. Cash sales were over 500 go
bushels Leading bulls wcra good buy
ers. May ranged from 3SaNSSac 80
3litc and closed hGhc lower at SiiSc.
Oats wcrt weak early In sympathy
with corn, but became firm when corn
advanced. Prominent bulls who were
llduldatlng yesterday were buyers to-
day and this fact caugcd q lot AZ cover
Inc. Receipts verc moderate 800 cars,
and the cagh dcpand was good. May
ranged from 2jikC to 2fh@ 2Ghc and
closed hG&c higher al 2GAc
Considering the heavy hcT receipts,
provisions were remarkably steady
There was some weakness at i1rst, but
rood general buying caused prices TO
advance and the market was well sup
ported for most OF the segsiun. Packers
sold sparlnriy. Near the close. how
ever, the weight of the honh receipts
proved too much for the market, and
under Increased liquidation prices de-
cllncd sharply At the close May pork
was TiAc lower at 50 4gh: May lard n
shade lower ut s. 2Tts and May ribs 2hc
lower at 81 a.
Estimated receipts Thursday:
Wheat, 100 cars; corn, $50 cars; oats,
300 cars; hogs. 10000 head.
Cash quotations we're as follows:
Flour weak.
wheat-No. spring wheat 6iaSoEci
No. red 6Thc.
coFn-No. 2, &c; No. yellow SAC.