The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1899-09-23
Rrcodstuns and Provisions.

CHICAGO, September 22.-Today,s
wheat market showed the el-
feet OF yesterdays failure OF leading
bear firm. Relief from the heavy sell
ing pressure from this source was q pls
factor in the advance Of lhe, which
marked the close in December. Sep
TENDER closed &c higher. Higher ca
bles and big export demand were IN
flueutinl In the advance Corn was
strong on a big export demand ana
closed &6&c higher Oats advanced
ssG&c and provisions closed Mt gac
lower to 7lAc higher.
Wheat opened firm at shade over
yesterdays closing price for December
and though there were periods OF re-
notion. the general tendency OF the
market was upward to the close. At
the start business was rather slow, but
with buyers in the majority. Liverpool
was up %6I!sd partly on the good spot
demand at that market and partly on
the critical state OF affairs In the
Trnnsvaal. Primary receipts were
large. but clearances were also heavy,
and early in the session good export
business was done. The main feature
of the strength, however, was the elm
inatlon OF the heavy selling pressure
recently put on the market by the firm
whose suspension was announced yes
tcrday. a good deal OF Inherent
strength was suggested by the great
amount OF wheat the market had alb
sorbed from that source without any
material decline, and It impressed
spectators to considerable degree.
Good buying was done by the local
crowd, but outside support was also
prominent, st. Louis being big buyer.
The strength shown by the coarse
grain markets also made its influence
felt on wheat later In the session,
Trading gradually broadened and dur
ing the afternoon was quite active with
prices steadily advancing. The market
got considerably over call prices. There
was good deal OF selling against those
privileges but everything offered was
readily absorbed. One Of the largest
export houses In New York reported
more general ncceptnnces Of offers Of
wheat to foreign points than Mt any
time since the Letter deal, That many
offers were still somewhat under the
market was shown by export engage
ments OF but thirty-two loads. Most OF
the statistical news wns benrish, hut II
had little effect on the market. Ar
gentlne shipments were large, l552,OOO
bushels. Minneapolis and Duluth re-
ceipts were 9iS cars. against 1902 last
week and 955 n year ago. Chicago re-
celpts were l47 cars, twenty-soven OF
which were Of contract grades, Toto
primary receipts were l.0S2.0 900 bushels,
compared with 100000 year ago. At
lantic port clcarnnccs OF wheat and
flour amounted to 100000 bushels. De-
ceinber opened ut 7i7k6t72c. II sold at
7lSG7l7sc Immediately after the open
ing, then advanced steadily to 73c and
closed firm and ldiMc higher at 7275a
7sc. Almost nothing was done in Sep
tcmbcr. Offerings We're light and but
few bids were necessary to advance the
price 2c. II closed ut 7ic.
Minneapolis reported more flour sold
this week than has been sold recently
I'm n month. This had some effect on
the closing strength. There was big
speculntIVe trade In corn. Brokers
were all wcll supplied with buying or
ders. ard prices advanced sharply with
December in the lead. The cash do
mnnd was large with foreigners accept
Ing LITERALLY for shipment OF the new
crop. The wet weather was expected 10
restrict country movement and stocks