The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1898-08-01

CHIcAGO-Rain dampened the buy
Ing ardor in corn to-day and prices
sagged on, causing general heaViness in
wheat. September corn closed &c low
er. July wheat declined 4Ac. Septem-
Der unchanged to &c down, and Decem-
Der unchanged. oats left of AQ&c
higher on reports Of short crop. Pork
advanced TIC; lard 2Isc and ribs &c.
The further extension and eontinuH-
tion OF rains in the west caused liberal
selling OF corn by commission houses,
considerable long property coming out
on stup-loSs orders. All the decline re-
suItlng, shorts became good buyers with
a view to securing profits Some of the
prominent bulls were also conspicuous
on that side and the opening decline was
partly recovered. That no greater re-
duction In price took place was due to
q widely diffused opinion that much
corn had been irretrievably injured.
September opened Aal9c down ut $50
3Skc, declined TO 3.NQ3Gc; sod up 10
33Isc, then settled back TO $3.50 asked at
the close.
The tardy movement OF the new crop
started wheat a tritle higher. This COM
paratlVe strength was maintained for
time, but finally the market succumbed
to the sobiness in corn. There were no
Liverpool cables, owing to the holidays
In England. The crop advices remain
ed at about the same tenor as heretofore
and with nothing to stimulate specu!a-
tIon, buyers and sellers seemed disposed
to take a rest. With the short interest
eliminated in July. that month began TO
slip of early in the session. II dropped
from 70isc TO SEC, ending the July deal
as was expected, The wheat and flour
clearances from the seabOard reported
to-day were unusually heavy, aggregat-
ing about 722,000 bushels, When this
became known September, which was
setting at Gle, was bid up to 6i9sc AS
the session drew to close, however,
there was renewed selling. which car-
ried the price OF again the market
Closing practically without change as
compared with yesterday. Chicago re-
Ceipts were l79 cars. compared with l16
the corresponding day OF 1897 and MIN
nenpolis and Duluth together got 10
cars against 429 a year Rgo. The total
at primary western markets was $4,000
bushels, while the similar day II year.
ngo they amounted 10 100000 bushels.
The AtiaEtic port ciearances Of wheat
and hour for the day were heavy, being
equal TO 772,0OO bushels. September Op-
encd nc higher at G4iSc: sold on TO 65&
Gf637sc; up to @Sc, then reacted to So
64kc at the close. December started
hC uOWIn III utfaW uf1Att IObt " Va7sNg
then of to 6ilGihc. the closing figure.
oats were Independently and pro-
nouEccd,y bulllsh Every commission
firm seemed to have orders, but the
buying orders predominpted and prices
advanced sharply, Crop damage talk
furnished the incentive for buying. 1t
was stated by private statisticians that
the guvernmers report for August
would show loss OF fully 20 points in
the condition OF the growing crop for
the month. September opened hQhc
lower at 2OIsc; rose to &c: then reacted
to 207c at the close. ModerW;c buying
In addition to small receipts and higher
prices for hogs held provisions tirm. The
trading was heavy in way Of changing.
September pork opened UNCHANGED at
50 40. sold up to 50 5Odt9 52is and weak
ened to 50 Az nj the close. The range
Ia hard and ribs was narrow,
Estimated receipts Monday are
Wheat, lT5 cars; corn, $40 cars; oats,
$3.50 cars; hogs, $4,000 head.
The lending futures tUnged as ioloWsi