The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1898-10-14

cuICAGo-To-day's wheat market was
In many RESPECTS similar to yesterday =
Opening strong and higher on 6uliisn 81 e.
bies. it Yielded later under hooa q REM
ing but recovered sharply near the close;
6ats were firm, corn advancing u SGci ana
oats Sc Cold weather In the yelloM !sy o.I
districts caused q better provision ma M
Eet. prices being H54971sc higher ct the
''V Wheat opened quite strong, at q sharp
advance over night, December starLlhs 9
cent higher at 65ti d657tc. For an hour the
bnIIs were apparently disposed to crowd
their advantages, ana builiSh nsMs Lo,,,o
thick and fast. It was noticeable, noM-
ever, that the market was maEine ntie
Roadway, and in view Of its action yestIer-
day there was q suspicion Of further I'M
poi,tant but quiet selling. Though prlces
We're higher, the market did not appaE ents
Iy have the same power OF ABSORB Ton tnat
was o feature during the advance yesteE-
dRy. The fact that many people were over
loaded then acted as damper on Ine
market, This class, as rule. was as
posed to sell on all hard spots. LORD hg q q
bery's warllke speech, an advance OF Ag
nd at Liverpool, reported record breaks
ING sales Of flour at 8Ilnneapolis--lSO.O OO
bushels, of which 10 per cent was ZOE eH -;
port-an advance of 100 per pusnel ~ ~ ~
leading grades Of flour, reported sales OF
2l0. 00O bushels OF cash wheat here and re-
ported continued export engagements &c
the sea0oard all contributed 70 Ehe
strength. After the first hour tEaolns
the realizing natural to such an advance
became too heavy for the market to sus-
tain. Sellers were encouraged by Reports
from New York that leading export houses
were selling wheat, and that there was ne
ncceptances Of offers to the United King
dom or the continent. Northwestern re.
CcIpts showed the effects Of the recent oad
weather Minneapolis and Duluth report.
ed S6S cars, compared with S64 cars last
week and 75l cars year ago. Chicago re-
celpts, however, were heavy at SV3 cars
and the total at all primary points was
1861 900 bushels. The market dftteo PACK
to Gl]kc before It became evident that the
market had been oversold Then prices
jumped very rapidly, and in their effort TO
cover shorts ran the price back TO soc, ana
very little reaction from that inquire tol.
lowed New York reported " boat loads
engaged for export, The days seaboard
Cicarances were very large, $4,000 bushels.
This was quite influential during the clos
inE moments of the session. December
closed firm at d75c.
early, and good advance was recorded.
The market In general way was sympa-
thetlc with wheat, but was helped also by
bulllsh country ndvices and large export
sales. Receipts were 665 cars. The market
weakened somewhat later in the day on
realizing and selling, believed to be for
the warehouse men. That pressure re-
moved the market Quilted down, and was va
closed Ikdkc higher at SOfS@8O3Sc,
Oats were strong all day on a limited
amount OF trading. Speculative .omerings
were light, and prices were we'll main
tanned Cash demand was good. Receipts
were small, 329 cars. The strength Of
wheat was the main factor. May ranged
from 2Sis6l2SItc to 2Sstc, and closed at
2S3Sc, three-eIghths higher.
Provisions showed Improvement, ooth IN
tone and In the volume Of trading. Colder
weather In the south and the belief that
the fever. would be checked was an incen.
tive to buy. and prices advanced all
around. Best prices were not maintained,
however, realizing being quite free at
times. At the close January pork was
nc lower at 81 10; January lard Sc higher
at 81 92!5 and aJnuary ribs PIC higher AZ
| 81 10Ei4 f2IAl
Estimated receipts Friday: Wheat, go
cars; corn, $50 cars; oats, $40 cars; hogs,
The leading futures ranged as follows: