The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1899-09-14

CHICAGO = The feature of to-day's
trading in wheat was the scramble fol
September wheat, in which big eleva-
tor firms were involved aud which sent
the price at one time to point nearly
&c above yesterdays close. II closed
ut 1c advance. Shorts in December and
May took fright at the September
strength and advanced those futures
kR9sc. Corn was sympathetically
strong and closed kG&c higher for Sep
TENDER and HG9sc higher for December.
Oats closed a shade lower, and provis-
ions advanced ILaG10c.
Wheat opened very duh and weak.
September at &c decline and December
Isc below yesterdays close. The bull
Ishness caused by the government re-
port had entirely disappeared. Foreign
markets we're weak and lower and local
and northwest receipts were heavy. The
market, with those conditions prevail
Ing, was apparently in for n session OF
dullness and further decline; but short
~ after the opening some sharp bid
ding for September brought to light a
condition OF affairs In that option that
Indicated n war among prominent ele-
vator interests for cash wheat. with
the Weares and Peavey on one side and
September was 2&12lsC under Decem-
Der, Weare & Peavey are said to have
changed large line. selling December
and buying September. Armour held
the bulk OF the cash wheat, and II is
said to have sold In the expectation Of
getting a larger carrying charge later.
Instead, however. the difference has
steadily narrowed and efforts to-day on
the part Of shorts TO cover n rather
small line were unsuccessful. Then
prices began jump. The market sud
denly became very active, with big and
little shorts bidding for September
wheat, but securing little until the price
had been jumped from the opening fig
ure OF 7Olc to 72kd725sc. At that price
elevator people holding the wheat let
20 in sufficient quantities TO relieve the
pressure, but the evident unwilliugness
Of longs to sell except ut enhanced val
ues made shorts decidedly nervous and
kept the market stirred up during the
cnire session. The strength Of Septem-
Der put shorts In the more deferred fu-
lures on the anxious seat also, and bus
Iness In December and May was active
all day, with steady advance In val
ucs. Minneapolis and Duluth receipts
were Oh cars. against 7i8 last week and
giS n year ago. Chicago receipts were
1877 cars, 81 OF contract grade. Total
primary receipts We're 1881, 900 bushels,
against l.i92 900 bushels year ago. At
luntic port clCnranceS Of wheat and
flour amounted to $4,000 bushels. Sep
TENDER reacted TO 7i%c and closed at
that price. December opened at 70iaI
7OMc and declined to 7OSsc. where It
closed.
Corn was strong, though not cspec-
tally active. The strength of wheat was
factor early and later the good cash
demand and some prospects Of frost
tonight stIffened the market still more.
September was especially strong. Shorts
were good buyers. Receipts were sos
cars. December ranged from 2SNc to
2S% d2Sa,c, and closed hGilc higher at
2SFc. September closed Vase higher
Mt 3iMc,
Heavy selling by longs caused slight
decline In oats. The market early was
firm with other grains. hut liquidation.
which became general. caused heavy
market later. There WINS n heavy cash
business Receipts were $50 cars De-
Ccmher ranged from 203kc to 2lAc. and
closed a shade lower ut 2ONc.
Provisions were weak carly on fair
ly liberal run Of hogs but rallied later
on the strength Of wheat md on the
excellent cash demand. There was n
cessation Of the recent selling and the
general demand Improved. At the close
october DOrk was DC higher at IS O5;
October lard lOc higher ut IS S2A, Oc-
tober ribs 2iaMbc higher Mt 81 2eip,
Estimated receipts Thursday: Wheat,