The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1898-12-13
Brcadstufrs and Provisions.

CHICAGO, Dec. 12.-coarse grains
and provisions were strong to-day and
closed higher while wheat. though
starting In the direction of higher
prices, turned weak and closed at A61
&c decline from Saturdays final fig
ures, The heavy increase IN the visible
was the club that knocked the props
from under the market. Corn and oats
were strong for no apparent reason and
advanced about Y each. Provisions
were in better demand and closed TAO
l5c higher.
II looked at the start as Y wheat was
to be another bull market. The worlds
shipments figures were very encourage
Ing to buyers, showing a total Of but
100000 bushels as against 9,S4,OOO
bushels last year. or This amount $780,
900 bushels were shipped from this side.
The feature which attracted the most
attention, however, was the remarkably
small Russian shipments only $4,000
bushels. This fact coupled with the re-
ports OF scarcity In some provinces of
Russia, suggested possible dropping
out OF TINT country as a competitor Of
America for the present at least. and
gave good deal OF stiffness to the
early trading. Liverpool also showed
flrmness, HG&d advances being chrOn-
lcled in that market. May started n
shade higher nj 65lsff65Esc. There was
quite good demand Mt those figures.
both from shorts and from the general
crowd, the result being an immediate
advance to 65sfc. The demand was soon
satisfied and for n short time the mar.
ket was extremely dull, though steady.
Then II turned weak and remained IN
that condition until shortly before the
close, only the naFr0wHeSs OK trading
preventing n more serious decline than
occurred Private London cablegrams
saying that Russian offerings were In
creaslnG was the first wave that struck
the sand house Of the bulls. Soon after
this the figures on the worlds visible
was posted. They show an increase of
2623,000 bushels. an amount so FAR be-
yond even what the most pesslmisuc
bear he'd expected that all the wheat
during the early trading and conSlder-
able more besldcs was dumped onto the
market. Before tho liquidation ceased.
May had dropped 10 65c and even at
that price there was very little bidding
for some time. Primary receipts, were
1,5S2,O00 bushels. Minneapolis and Du-
luth receipts were / 1862 cars. compared
with l,6i7 last week and 1854 year ago.
Chicago receipts were cas- cars, six Of
contract grade. Argentine and Indian
crop news was favorable. The export
demand was rather slack. New York re-
porting from 90 TO 80 loads taken for ex-
port Near the close covering bY shorts
gave little strength to the market and
caused the May price to recover to 65A
@6shc. where Il closed. Corn. though
very dull. was comparatively firm. TIL,
decline In wheat acted as drag on the
market for a time. but lighter receipts
than expected. substantial decrease IN
local stocks, and firm cables prevented
any decline. The visible decreased
2.SlS,000 bushels, Receipts were 60a
cars. Toward the close the demand be-
came better and prices advanced slight
", the market holding firm to the end.
May ranged from 337Ec to GiMc and
closed &c higher at axe
oats were even duller than corn.
Trading was verg narrow all day AMI
chiefly OF scalpinR nature. The mar
ket In general way followed corn and
ruled rather firm throughout nj slight
advance. The cash market was easy.
due to liberal receipts 300 cars. The
visible declined $4,000 bushels May