The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1899-10-14

CHIcAGo-The rapid accumulation
Of stocks, together with q poor export
demand, encouraged liquidation In
wheat to-day and December closed with
q loss of &c. Corn lost an early adj
vance on profit taking and closed prae-
tlcnlly unchanged. oats declined no
sc. Provisions were dull and closed a
shade lower.
Wheat opened easy. following Indlf-
ferent foreign markets and large Ar
genune shipments. The demand was
light and some generous short selling
soon started the market on the down
grade. About the middle Of the session
reports Of damage by drouth and In
sects to the new crop In the southwest
caused a slight rally, but the market
WAS 80 weighed down again by a re.
sumption OF short selling and much
liQuidatlon Induced by steadily increas-
ing stocks all over the world. There
was q slight up turn near the close on
buying BY shorts, who put out several
long lines OF wheat on the early bulge
and took advantage Of the decline TO
buy in and secure profits, and the mar
ket closed with buyers In the majority.
December opened q shade lower at I2h
972S,c, declined to 72&c, rose to 124se,
sold on again to 72c, and closed with
buyers at 72Nc. Chicago received 1874
cars, 3 OF which were graded contract
Minneapolis and Duluth receipts, In
Guiding two days arrivals at the form
or, were 1,164 cars, against 1,2ii for one
day at both places year ago. Total
primary receipts were 1880, 600 bushels,
as compared with 1,495, 900 bushels last
wear. Atlantic port clearanceB Of wheat
and flour equaled $4,000 bushels.
Argentine shipments for this week
were heavy. amounting to 1,116,O0O
bushels, making over 100000 bushels
so far since january Of last seasons
crop, and the visible supply in that
country was reported to amount to
1885, 900 bushels against $4,000 bushels
the same time last year. Minneapolis
and Duluth stocks OF wheat were es-
tImated to have Increased 100000 BUSH
els during the week, and Chicago stocks
over 100000 bushels. New York report
ed 80 boat loads sold there for export,
but the cash demand here was very
slow.
Corn ruled active and strong early,
Influenced by higher cables and an ex-
cellent cash demand. Later, however,
the market turned weak with wheat.
The decline was hastened by lQuid1-
ton and profit taking. Receipts, 6sS
cars. Exports from Atlantic ports for
Inc day were $4,000 bushels, and New
York reported sixty boat loads disposed
Of for export. December opened shade
higher at 3Ih D3l1hc, advanced to Sl&c.
declined to 3lMc and closed at 3lAc.
oats ruled dull and heavy In sympa-
thy with wheat and corn. Longs sold
freely. Receipts were heavy-3OS cars.
Cash demand fair. December opened
unchanged at 23k923Sc, declined to
22Hc and closed at 23c. Liquidation
weakened provisions early, but the de-
cline was fully recovered near the end
on buying by commission houses with
English connections. The foreign de-
mand for cutmeats was greater than
packers were inclined TO MI ut the nom
inal price. January pork and ribs CLOSED.
unchanged at 50 55d9 57is and IS 90 re.
spectively. January lard closed a shade
lower at S 3065 32Is.
Estimated receipts for Saturday:
Wheat, 40 cars; corn, $40 cars; oats,
800 cars: hogs, 1900 head.
The leading futures ranged as folloWs: