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

CHICAGO-wheat wns heavy to-day
for the deferred futures and compara-
lively steady for September; elevator
competition helped the latter, while fu-
lures declined k@&c on the heavy re-
ceIpts and light demand. The break In
the drought cut &c on the price Of corn.
Oats closed about hc lower and pro-
visions 56Dl5c lower. Heavy receipts In
the northwest and indifference Of for
elgn buyers were influences at the
opening in wheat, which caused an In
Itial decline Of h9&c, and which re-
suited in heavy market throughout
the entire session. Early Liverpool ca
bles showed about I'd decline, and re-
ported a very slack cash demand there.
Heavy receipts at Russian ports were
also reported, and Argentine shipments
were liberal. The fact that the Trans
vanl situation did not improve the for
eIgn demand apparently brought trad
ers bnck TO the old basis Of supply and
demand, and the continued large re.
celptB at primary points and the small
cash demand here resulted in more or
less liquidation by longs in all the de-
ferred futures. September, however.
was In good demand from elevator peo-
pie. At times there was brisk compe-
tItIon from that source and prices were
steadily maintained. Shortly before
noon there was n more rosy aspect
given the situation by reports OF good
exporting engagements at New YORK,
md by tho more serious tone Of Trans
ynnl ndyices, This resulted In con-
traction OF the selling movement and
induced some covering by shorts, n
slight rally in prices resulting, but by
noon the market had fallen back into
its old rut and the slight advantage was
soon lost, The real feature OF the trad
ing was It's extreme nRrrowness. Prices
Mi day kept within hc range. and
trading was almost entirely professions
nj, The market for quite long periods
wns absolutely nt n Btandstill. Henvt-
ness prevailed to the end. Minneapolis
and Duluth receipts we're SCI cars,
against 666 cars last week and Stl cars
year ago, Chicago receipts were 9l
cars, two OF contract grade. Total pri-
mary receipts were l,0s7,0o0 bushels,
compared with 1851, 900 bushels year
ago. Atlantic port cleurnnces OF wheat
and flour aggregated $4,000 bushels.
New York, late in the afternoon, re-
ported rs loads for export. The ship
ping business hero, however, showed
no Improvement During the latter
pnrt OF the session about the only sup
port the market received was buying
against puts which were touched early
in the day. December opened N@Ne
lower at 7iH0Ti%c. II declined to 7i1
7lMc, reacted to 7tMc and declined
again TO 7lkd7iMc, where II closed.
September sold as high us 70Ac and
closed unchanged at 7O&c, Corn was
wenk and lower. The breaking Of the
drought throughout the corn belt and
cooler weather helped the bears and
1,,.ou,,ht ,opufdorn hio 1onu rOrn nnfn thn
market, resulting In n gradual decline
in prices. Selling OF deferred futures
was especially free. Export engage
mentE were placed at 60 loads, The
receipts here were 500 cars, December
ranged from 2sh02sRc and closed sc
lower nj 9sAc.
oats acted Independently Some un-
cRslness was shown In September. but
deferred were steady and IN good de-
mRnd. Elevator people were FREQ buy
ers OF September, but there was quite