The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1899-01-04
Brcadstufrs and Provisions.

+ CHICAGO : The New Year on
change commenced with a lot Of profit
taking by bulls. Declines In all the
grain and provision markets resulted
Wheat lost 1lSc. corn S@1c; oats so
&c and provisions 511Oc.
Wheat, at the opening. and for a few
moments following. showed compara-
tive iirmness. though not so much as
had been expected from the strong curb
markets prevailing since Friday. Open-
ms unchanged at 71%@TlBc, d very
moderate buying demand move OF
wheat came outside, and suniccd to
advance the price to 72Hc. Tint was
the turning point. Liverpool was only
"a higher. Northwest receipts for the
holiday interval were 9S5 cars, small
compared with 2,109 cars last week, but
large enough TO nttrac. attention. Chi
caSo receipts We're 1SS cars, ten OF con-
tract grade. Paris was reported 10
confines lower. Argentine crop reports
were favorable. although the adv!ces
were to the effect that the harvest
would be late. There was nothing op-
pressively bcarlsh In the news but
shortly after the opening it became evil
dent that most of the heavy bull! ira
de!s were convinced that Il reaction
was due, and that the ruling prices
justified profit taking. There were
also the selling OF wheat by that class
OK spectators who invariably put out
short lines after January |. Bull news
WAS plentiful later in the session, but
In the meantime the selling movement
had become general, professional short
sellers adding not u little to the weak
ness the market developed by pounding
II vigorously Before noon n very ma
terial decline had taken place. May
declined to 7lAc, recovered to 7lB@
TIC, under the usual covering by
bcalpinG shorts. then declined steadily
to ToSc, reaching that price shortly at
ter noon. Weakness that developed in
corn was given good deal of nttcn-
ton by wheat traders. and affected
prices more or less. Expectations In
regard to the visible decrease were
realized, the final figures showing a de-
crease OF l,S9O.000 bushels. This rather
steadied the market after the decline,
ana resulted In slight Improvement in
prices during the last half hour'S
trading. Clearnnces from Atlantic
ports for two days were 1876. 900 bush.
els. May rallied to 70%070Ac, and clos
cd Mt that price.
Corn was nctivcand weak. The fca-
ture was the closing out OF a large line
or corn showing good profits. and
which, coming In or market naturally
little wohbly. caused n sharp break In
prices. Cables were weak and lower,
and receipts were large, 965 cars. with
to-morrow's estimate still heavier. ES-
port salc9 and cash demand here were
both small. May ranged from 81 to
3ShQ3SAc. and closed ;s9lc lower ut
37MG37Ac.
The market for oats reflected corn In
every particular. There was heavy
liquidation by the same parties who
were selling corn, and the market was
weak from the start. Receipts were
also q depressing factor, amounting 10
Alb cars. There was some improve
ment In tone late In the session, part OF
the decline being recovered. May rang
ed from 27;SGs7Hc 10 2SKc, and closed
ATAc lower NJ 2T1sc.
Provisions. until late IN the day,
showed n good deal OF .hrmncss. There
was a very good outside demand for
pork ana lard. and those products cs-
pcciaily showed strength. Selling by
packers. however, was heavy, and longs
realized on some large lines. The mar
ket finally broke In sympathy with
wheat and corn, but toward the close
support again developed. and part of
the decline WINS recovered. At the
close May pork was about 1Oc lower