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

cHICAGo-short selling to-day, en-
oOuraged by magnificent crop prospects,
wiped out an early bulge In wheat. Sep
TENDER closed &c lower and December
son. Corn lost b6Ac. Oats declined
Nc. Provisions cfUsed scrOng at 32isc
advance for pork, l2ls91jc for lard, ard
15o for ribs.
Liverpool opened Cd. higher for Sep
TENDER wheat but held moderately buA-
iEh To Id. before trading commenced on
This side. The Liverpool news was
enough TO cause an advance Of I'D a
bushei in September. II was not sutii-
client, however, to maintain this mar
ket'S half-hearted sympathy very long.
The heavy traders fixed their attention
on the promised abundance of home
crops. They treated the sma&uess OF
current receipts and reports OF unfavOr-
abe weather with supreme indifference
and in some instances expressed their
undlsguised contempt for any considern-
ton, outside OF the alleged fact that this
seasons harvest In the United States
would Yield 900 bushels and that
Europe would need less Of II than ustI-
al The northwestern grain men ap-
peared similarly impressed and were ad-
wishing their friends here Of the near np-
proach Of liberal receipts which had
been Temporarily arrested by the wet
weather Of n week ago. The various In
flusnces changed the markets strength
luito detnopStraive weakness before the
session was haif over. September,
which started 1t 66Mc, with a sale or two
ut &c, had declined to 655sc by the time
referred 70. Receipts at primary mar
kcts were conSpicuOusly small. Chic1-
90 received liz cars and Minneapolis and
Duluth So against 23l last year. The
aggregate ut the principal western
markets was $1,000 bushels. whereas,
on the corresponding day u year ago It
was 10000 bushels, In connection with
reports Of small reCelpiY. some bulls took
notice OF the liberal clearances from At
lnntIc seHpOrtS, which In wheat and
flour amounted 10 $4,000 bushels. The
shipping demand was active ut blsc
premium over September for No. red.
In view Of the latter features Of the SIT
untion, the decline was n 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 compeGcd to part with u.
September opened hG7sc higher at SOS
66IC, declined to 65M and closed Mt 65Ac
bid December began ut &G3sc up az
65lkd65Mc weakened TO GIiEc and retov-
cred TO 6iM 06iAc at the close.
Light receipts and good cash de-
mand started corn higher, he market
soon became heavy, however, on the
CONTINUED fine growing weather and In
sympathy with the decline in wheat.
The uncertainty Of the government re-
port restricted trade. September opened
MGkc up Mt 33Md33hc, declined TO
3sNc, and closed at S2AdS23sc sellers.
Outs ruled easy with the other grains.
There was some INJURY for cash. but
bids feM short OF holders Views sep
TENDER began NC lower NJ 2lc, sold on 10
285sG29stc, and Closed at 20Mc bid.
The cash demand for provisions was
excellent, and speculative buying by
packers was heavy. The market OPP
cned at moderate advance, which was
well maintained. and In the end recelv-
ed ~ respectable addition, the latest
trndirg being NJ top prices Of the day.
septtmb pork Opened i'so higher az
s. p2lE. declined 10 IS 90 and rose TO
50 IN. the closing price.
September lard began vac up At 81 70,