The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1898-12-09

cHICAGo-wheat, corn and oats to-
day Joined hands in running down hill.
the road being creased by the lack OF
foreign demand for wheat. by the high:
err freight rates and BY the prospects OF
larger receipts OF the coarse grains.
Wheat closed at a decline Of &c for
MAJ and 16IBc for December. Corn
declined %Gj5c. oats &c md provisions
sAsa5c.
Wheat, opened steady at unchanged
prices for May and a shade higher for
December. Liverpool at the time trad
ing starred here. had lost slight open
ing advance. but northwest receipts
were considerably smaller than last
weeks, although still running over
those OF last year, This for the time
being held up the liquidation which De-
came so prominent. especially N De
cember. later In the session ana gave
an appearance OF firmness TO the mar
ket. May opening at 65ssc. was heid
Cor a few moments at 65&I65kc. De-
cember opened at 6iHc. Minneapolis and
Duluth receipts were 9iS cars compared
with /, 36S last week and SIS n year ago.
Chicago receipts were 1i3 cars, seven OF
contract grade. Northwest markets
showed steadlness, but New York de-
veloped weakness soon after the open
ing here, and this was taken as an indi-
cation OF dlscouraglng advices from
abroad. That this superstition was cor
rect, was apparently shown % the
very moderate export demand reported
later. Longs got discouraged and soon
there was plenty Of wheat for sale
from every direction, December suner-
ed the most, liquidation in that option
taking II to a discount Of Two cents un-
der May at ono time. The selling OF
December at times was very heavy. At
lnntlc port exports OF wheat and -four
were large, 100000 bushels and THIS
fact s.eadled the market after May had
declined to 65h965kc and December to
63Mc. But there were plenty OF other
bearish influences, not the least being
the weakness shown by coarse grains
and after the noon hour the market
turned weak ngaln. Foreign crop re-
ports were all favorable and winter
wheat In this country was reported IN
promising condition. Foreign markets
were generally weak at the close. The
export sales were placed NJ the sea-
board at from twenty to thirty loads,
and the cash demand here was SLOW.
In the last hour OF trading n good deal
OF wheat was sold on stop loss orders
and buying was very scattered tSsynrd
the close. May declined to csc and
closed at that price December declin-
ed to Csc and closed At 6SMc.
Corn showed little strength at the
start. continued light receipts during
favorable shipping weather having n
bullsh effect. But the market vcrg coon
turned weak and remained so to the
close. THE recent agreement to restore
east bound rates tended 20 dcpreSs
prices. The llghtness OF the cash de-
mnnd was also hcarish factor During
tho latter part OF the session selling be-
came very high and general leading
bulls being prominent In the liquidation
Country adVices stated that new corn
would soon move moro freely Receipts
were 1858 cars. May ranged from S3mc
10 3iIc: closed ssdke lower at 33Ac,
Oats were weak and lower. The
amount OF bu1lness done WIS small and
nothing OF Importance developed. the
weakness being apparently altogeiher
in sympathy with corn. The cash mar
ket was steady and 100000 bushels were
sold here FOR shipment east Receipts
were 306 cars Mag ranged from 25kG
955so to 2gAc ard closed &c lower OF
gj7sc
Provisions had another heavy run OF
hogs 20 contend With but held rcmarls
ably steady. Notwithstanding The mar
ket was strong during the mnrnlnu,
there being good local support. while
outside buying orders were much more
numerous Realizing and more liberal