The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1898-12-07

CHICAGo-Large receipts, a big in
crease in worlds stock of wheat and
flour and lack OF speculation were the
features In wheat. Compared with last
night prices show decline of Nc in
May and A6%c in December wheat,
&c in corn, A9Sc in oats and 2iz@I1Sc
In provisions.
For two hours following the opening
In wheat 1t looked as II speculation In
that commodity had been abandoned.
The range OF prices during that time
was scarcely more than &c and trades
Of any kind were very few and far be-
tween. There was absolutely no out
side interest, little knot OF local spec
ulators doing all the little scalping bu-
siness that was transacted. The opening
stendy at nc over yesterdays closing
price. May starting at 6G966lsc. And
there the price remained until near the
close. In spite OF the dullness the mar
ket during the morning showed no In
dlcations OF weakness. Gables showed
n little advance at Liverpool due II was
said, to reports OF crop damage In Ar
gentIne on account of unfavorable wea-
Their, The increase in the visible was
only $4,000 bushels, or about half of
what had been expected. Both north
west and local receipts were heavy.
Minneapolis and Duluth reported 1881
cars compared with 2,04l last week and
734 a year ago. Chicago receipts 1853 cars,
twelve OF contract grade. Primary re-
celpts were more than double last
wears, 1900 900 bushels. The worlds
visible Increased 4O2i.O00 bushels.
worlds shipments for last week as of
flciallv reported were 9,4S,OOO. OF which
India contributed $4,000. Broomhall
sent resorts OF drought damage In that
country. One feature OF trading was
the liquidation in December which
started rather late, but which was
heavy enough to put the discount to
about a cent under May, The closing
out of December holdings had come eff
feet on May trading late 10 session, In
creasIng the slight selling pressure
enough to cause slight decline from
the price that had prevailed almost un-
changed from the start.
There was moderate cash business
here and the seaboard reported about %
loads taken for export. May declined
TO 65st d655kc and closed heavy at that
price. An Increase In worlds stocks OF
wheat and fouc for November OF 90
600, GOO bushels was a factor near the
close. Corn was dull but the lack OF In
terest was not so pronounced as in
wheat. The market was as whole
weak, influenced by the cold weather,
the increasing receipts and lower ca
bles. Another factor was the appear
ance OF new corn In LEGAL receipts and
break OF cent in No. 4. The cash de-
mand was fair. The market was weak
est toward the close when wheat and
oats were both declining. RECEIPTS were
$40 cars. May ranged f"om 33is@3i7sG
3iisc and closed sc lower al 3S;s03S&c.
Oats were decidedly weak. There
was good deal Of liquidation by prom
inent holders, increasing receipts appar-
entity shaking the confidence OF bulls in
higher prices. There were no large
buyers, but small ones were numerous
enough to take most OF the OFFERINGS.
The small export movement, $4,000
bushels last week, attracted attention,
Receipts were 523 cars. May ranged
from 25A G?58c 70 26iic and closed 40
nc lower at 2j%d255sc.
Provisions though rather quiet were
firm, most Of the dag ut a slight adj
vance. There was Il coed general de-
mnnd and as packers did not come Into
the market to any great extent quota
tons ruled somewhat higher. Late IN
the session. however the weakness In
all the grain markets affected prOvls-
ions and prices slid on, the market be-
ing heavy at the close. May pork clos
cd nc lower at 80 80; May lard 2ia@5c
lower at s. 27IsQ5 20 and May ribs sc
lower at 81 ~. No estimated receipts
on wheat, corn and oats.
Estimated hogs receipts FOR Wcdncs.
day: $4,000 head.
The leading futures ranged as follows: