The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1898-08-11

CH1CAGo-short selling to-day, en-
Outraged by magnificent crop prospects.
wiped out an early bulge In wheat. Sep
TENDER closed &c lower and December
Bq&, Corn lost 1SdHc. oats declined
advance for pork, 12Is9IJc for lard, and
15o for ribs.
Liverpool opened Cd. higher for Sep
tember wheat but held moderately bugl-
lst TO Id. before trading commenced on
This side. The Liverpool news was
enough to cause an advance OF 3Sd
bushel In September. Ii was not sutfi-
client, however, 10 maintain this mar
ket'B h0lf-hearted sympathy very long.
The heavy traders fixed their attention
on the promised abundance OF home
crops. They treated the smaS;ness OF
current receipts and reports OF unfnvOr-
ablo weather with supreme Indifference
and In some instances expressed their
undisguised contempt for any constdera-
ton, outside OF the alleged fact that this
seasons harvest in the United States
would yield 100000. 900 bushels and chat
Europe would need less OF u than usu-
al. The northwestern grain men APP
peared similarly impressed and were ad-
wishing their friends here OF the near ap-
proach OF liberal receipts which had
been temporarily arrested by the wet
weather Of a week ago. The various In
flusuccs changed the markets strength
lnto demunStrative weakness before the
session was half over. September,
which started at 6G7sc. with sale or two
at &c, had declined to G55sc by the time
referred 10. Receipts at primary mar
kets were consmcuOusly small. Chlca-
go received liz cars and Minneapolis and
Duluth S5 against 23l last year. The
aggregate at the principal western
markets was Oil 900 bushels, whereas,
on the corresponding day d year ago II
was 10000 bushels, In connection WIN
reports OF smaB receipts, some bulls took
notice OF the liberal clcarances from At
lnntic sonpOrtS which in wheat and
flour amounted to $4,000 bushels. The
shipping demand was active at bssc
premium over September for No. red.
In view Of the latter features OF the sit
uatiOn, the decline was q surprise to the
bullA who were forced in instances OF
insufficient margins, or from motives OF
prudence, TO abandon property that
they considered DIRT cheap at the price
they were compellcd TO part with u.
September opened Nose higher ut CO.'S
l6Tc, declined to 65Ss md closed nj So&e
bid. December began ut &Ghc up at
65Is 965ssc weakened 10 6iisc and recov-
cred TO GIMdG4hc at the close.
Light receipts and n good cash de-
maud started corn higher. 7 he market
soon became heavy, however on the
continued fine growing weather and In
sympathy with the decline in wheaE.
The uncertainty OF the government re-
port restricted trade. September opened
M6Nc up Mt 33hd33hc. declined to
s2&c and closed at S25i6fS2Hc sellers.
OATS ruled easy with the other graz MS.
There was some INJURY for cash, but
bids fen short Of holders Views. Sep
TENDER began Mc lower NJ 2lc, sold on 10
2O9s 02OAc, and closed nj 2O&c bid.
The cash demand FOR provisions was
excellent, md speculative buying by
packers was heavy. The market OPP
6ned at moderat, advance, which was
well mniHnlned, and In the end recelv-
cd N respectable addition, the latest
trndlrg being u, top prices OF the day.
September pork Opened INC higher ut
IS p2is, dccADcd to s. 90 and rUsc TO
50 I'm, the closing price.
September lard btEan 2sae up at - 70