The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1898-12-21


CHICAGo-Wheat to-day fell into the
slough OF despond that generally forms
during the holiday season. The market
closed at a decline Of NC. Corn and oats
lost only a shade Of their previous
values. Provisions closed unchanged TO
&c lower.
With a weak Liverpool market and
rather liberal local and Northwest re-
ceipts to contend with, bulls in wheat
were badly handicapped at the opening.
Liverpool failed utterly to follow yes
teFday's advance here, and on the con-
trary showed early declines Of b4hd,
probably because OF the increase Of
8, 800, 900 bushels in the American stock.
Minneapolis and Duluth receipts were
TS5 cars, compared with 1854 cars last
week and 200 cars year ago. Chicago
receipts were 206 cars, six OF contract
grade. Buying orders at the start were
very few and far between. May opened
nc lower at 675&@67%c. This price pre-
vailed for short time until the strength
shown by the coarser grain markets en-
couraged buyers, and caused q little
scattered coverings by shorts. The to-
tai amount was small, but in the most
stagnant condition of the market was
not sufficient to cause a reaction in the
May price TO 67Sc. Then the market
weakened again. All outside markets
were weaker than Chicago. New York
reported a very slack foreign demand.
AS the foreign demand has been the
big prop OF the market In times of lib
eral receipts, reports OF this nature had
the effect Of contracting the speculative
demand, and prices once more slid OF.
and before 1880 May had reached STAG
The selling pressure at no time was
heavy, but there was at times IN entire
absence OF bids. Reports Of continued
wet weather In the west were accom-.
panied by statements that winter wheat
was unprotected in many places. and
apprehensions OF crop damage caused
little more flrmness for n short time af-
ter the noon hour. But Bradstreet's re-
port OF the worlds visible supply, show
Ing an increase Of 5.3g0,000 bushels, took
away what little backbone the market
had left. and late trading was all in ia
vor of the bears. May finally got down
to G65k6I67c, and closed Mt BI@GIMc.
Corn was rather quiet but steady.
The feature of the market was the large
direct export business, almost million
bushels. This and the firm cables ard
wet weather made the market very
firm at times The weakness of wheat
and the rather poor quality OF corn
receipts adversely affected the market
later, and the slight advantage was
lost. Receipts were I26 cars. May
ranged from 1874 135%c To 35tA635Ssc,
and closed shade lower at 354035SSc
Oats were fairly active and irregular
May was firm early helped by corn
and wet weather, but December was
weak, and WIS offered mt a cent under
MAY. without takers. It was apparent
the December short interest was liquid
ated. Export sales from here
were liberal, 25O,0O0 bushels Receipts
were 1851 cars. May ranged from 26M@
26&c to 2G7Sc and closed bc lower at
26SSc.
The market for provisions was decld-
cdly narrow. Around the opening some
Business was shown, hog prices being
lower and packers showing DISPOSE
ton to press sales The strength OF
corn helped the market some. Trading
was almost at a standstil late In the
day, and prices dropped again, the mar
kct being heavy at the close. May pork
closed unchanged at 50 6TIa; May lard
SC lower al s. 80 and May ribs shade
lower at 81 80.
Estimated receipts Wednesday:
Wheat, 200 cars: corn, SIC cars: oats,
955 cars; hogs, 10000 head.
The leading futures ranged as follows: