The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1899-09-22

nrnndstnffs and ProvisIons.


cHIcAGo-The failure of commits
sion house which for week has been
prominent on the selling side made
wildly excited wheat market for O time
to-day and sent prices skywRrd. The
market later settled back into It's old
rut, closing at about hS@&c advance.
Coarse grains and provisions were az
fected somewhat by the wheat furry.
December corn closed shade higher,
but September &c lower. Oats ndvanc-
ed &c and provisions closed without
material change.
Partly on account OF a misuldcr-
standing in regard to the northwest re-
ceipts and partly on the advance at
Liverpool. wheat opened strong and at
n substantial advance. December esc
higher Mt 7l7iG7l7sc. and September &c
higher at re. Duluth receipts were
placed at but 145 cars, and the total ut
both northwest points at $50 cars,which
Induced considerable covering by
shorts, the falling of being totally I'M
expected.
Minneapolis figures were In error,
however, and the total was corrected TO
SS4 cars. against S79 last week and 9Sl n
year ago. This amount was heavy
enough to induce some selling by the
early traders and prices sagged for
time. December declining TO liAc.
About an hour after the opening the
| market, which in the meantime had
been gradually rising on heavy buying
by Barrett and Farnum, who were said
to be heavily short, were startled by
the announcement Of their failure and
In an instant the pit was in an upr0ar
II was reported the suspended iirm
was short at least 100000 bushels, al
though heavy buying for their account
was done early In the session and this
fact caused the December price to
jump from Tl5sc, to which point 1t had
previously advanced to 73c. and then to
| 73nc In an exceedingly spirited man
ner. The market ran wild. The price
changed with great rapidity under an
enormous amount Of trading. December
| dropping to 72hc, back to I2&c, then to
72c, and up again TO T2isc, II was said
about 100000 bushels were bought for
account Of the distressed firm In about
ten minutes. The skywnrd trend OF
prices brought all classes Of shorts into
the market. The furry over the failure
gradually subsidized and December set
tied back TO 17sc. During the latter
part Of the session the market was al
most ut n stnndstlll and prices Kept
within an extremely narrow range
During the bulge In December, SCptcm-
Der had advanced TO 13hc. on very
small amount OF absence. Offers to sell
about $4,000 bushels September later
brought no bids and the price was
| forced down TO 7OIsc, but II later recov-
cred TO and closed at re, Chicago re-
celpts were 2i3 cars. thirty OF which
were Of contract grade Total primary
receipts were l.2i6.COO bushels. cOmpar-
ed with l,3T2,OOO bushels year ago.
Atlantic port clearances Of whent and
flour amounted to $4,000 bushels. De-
cembcr held firm at IlAc and closed Mt
that price.
Corn was slightly affected by the ex-
cltcment incidental to the failure and
fair advances resulted during the morn
| Ing. The interest OF the suspended
firm was small in corn. however, and
later prices SETTLED bhCk Fluctuations
were rather small and the trade limit
cd. Receipts were liberal 9l5 cars nuc-
| tuatIOns In September were wider than
in deferred futures and Ruggrsted the
presence ~ still considerable short
interest Tho export business good. De-
cember ranged from 2aMd29Tc TO 29l5c,
and closed n shade higher at 29hc bid
September ranged from 33isc TO ave
and closed ilc lower ut 2ic.
NNtA were also EOINHWnVl OIeClcu ny
the wheat furry and prices ruled high
or NIL day. Some evening up trades
were made for the suspended wheat
hrm, and shorts were fair buyers. Best
prices did not hold, but the market wac
steady nj the close Receipts were "a
cas- There was n fair demand for
cash. December ranged from 2lMc TO
22Nc. and closed Nc higher At 22Mc,
Provisions were about steady all day,
bur lIttie trading either way. The mar
kot started firm. II weakened little
later on n few sales attributed to Bar.
rett &c Fnrnum, hut later rallied and
closed steady. The cash demand FOR