The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1898-09-22

CHICAGo-wheat was strong to-day
at the opening and weak at the close.
Heavy outside buying and large export
sales were sustaining influences, but
realizing by professional local holders
proved TOO much for the market to stand
IN under, December closed at &c de-
cline and September &c lower. Corn
was easy, but lost only small fraction.
Oats were strong under covering by
shorts and advanced hd$c. Provl-
slons were dull and weak, closing 2hc
10 10c lower.
Wheat was strong at the opening. De-
cember, which closed yesterday at 6SBc,
started to-day at 63I a 63Ac and ad-
yanced in a very few minutes TO 63M@
63&c. A Slight reaction then took place,
the price dropping to 63A Q633Sc, but
the market almost Immediately turned
strong again, and selling became heavy
enough to AFFECT prices. December had
advanced to 63Mc. September, though
Inactive, was also very strong, opening
hc higher at SIC and advanced TO 6f1gc.
The main, feature OF the strength was
the heavy buying OF a prominent ST.
Louis Spectator, his purchases during
the first hours trading being estimated
at 100000 bushels. The character OF
the news was rather encouraging to
buyers. Minneapolis and Duluth re-
ceIptO were 9l2 cars against 9lS cars last
week and S63 cars a year ago. Chicago
receipts were 2l2 cars. Liverpool ca
bles showed strength In that market,
and a strong continental demand for
wheat was reported, with prices high
er. Duluth reported cash wheat in good
demand and &c higher. After the first
hours trading the market began 10
weaken, Offerings became much heav-
Ter and general nearly ali Of the local
holders who have been buying for sew
eral days putting wheat on the market:
Later Liverpool cables showed some OF
the advance there lost. Atlantic port
clearings were moderate, $4,000 BUSH
els; compared with yesterdays heavy
clearings this amount was not very en-
cOuraging. a gradual decline took place.
December getting down TO case. Here
another buying furry developed, send
ing the price back to 637sc, but bidders
at that price were deluged with Offer
InES, and the price was quickly broke
TO 63Mc. For some time the market
fuctuated rapidly within a narrow
range under active scalplnE, but did
not develop any real strength again
multi near the close, when the announce
ment that seventy loads of cash wheat
had been worked for export rallied the
December prices. II dropped again TO
6SJtc and closed rather nervous at that
figure. September sold as low as 66bc
and closed al G6hc.
Corn was dull and heavy. The mar
ket showed strength around the open
ing but this was largely In sympathy
with wheat. There was some changing
from September TO December. The
country reported selling new corn TO
arrive in November and December. Re-
celpts were 439 cars. Cicarances were
small and cash demand slack. The
market became easier late in the day
and closed rather weak December
ranged from 29& to 294sc and closed u
shade lower ut 293SG29Mc.
Oats we're strong, notably so for Sep
tember, and the volume Of trading was
considerably Increased. There was large
buying by one or two leading commits
sion houses and offerings were light.
Cash demand was good. Receipts were
272 ears. The market felt the late wheat
break and best prices were not main
talned. May ranged from BON TO 22Ac.
and closed nc higher at 22h@22isc, Sep
TENDER closed &c higher at 2llsc.
Provisions were again very dull. and
with the exception OF a slight show or
strength early in the session, rather
weak. Cash demand was good. but yell
low fever talk had n depressing cffect.
Packers were moderate sellers OF ribs.
Speculative demand was light. De-
cember pork closed i0c lower at 81 liz;
December lard Sc lower at 81 72hdA 10,
and January ribs 2hc lower at 81 sly.
ESTIMATED receipts Thursday; Wheat,
200 cars: corn, Gao cars; oats, 900 cars;
hos 10000 head.
Cash quotations were as follows:
Flour firm.
wheat--No. . spring 6oa6ic; No. cred
BGIA G6TyRc.
corn-No. ,, 2o%d3OMc; No, yellow
5OhG3OMc.
25Mc; No. 3 white 23kd25c.
Ryc-NO. .. 4Sc
Barlcy-No. 2 2SNHiAc.
FlnXseed-No. l 9iHc
TlmOthgsecd- Prime 50 i5,
Mess Pork-Per barrel IS i50S 20,
Lard-Per 100 lbs, 81 72hGi rs,