The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1899-08-31
RrcntistufTs and Provisions

CHICAGo-A sudden increase in
the export business following the an
nouncement of an increase in grain
rates brought the wheat market around
with a Jerk to-day. advancing specu-
iatiVe prices neGrly u cent. The close
was at %9hc advance. Corn was firm
on dry weather talk and closed lsassc
higher. Oats closed h@hc higher.
Provisions showed easlness and closed
2iik 6D5c lower
Wheat displayed more steadiness at
the opening that conditions really war
ranted. Low temperatures were re-
ported from the extreme northwest,
low enough 10 cause some apprehension
OF damage by frost In the minds Of To-
cal traders and this caused moderate
amount Of covering by shorts, resulting
in brief display OF strength. Septem-
Der opened shade higher at 7Oa70lsc.
December opened unchanged at 72c and
advanced to T2hC 1t was evident, how
ever, that In the northwest no fear OF
damage was felt, the markets in that
section being comparatively weak and
the weather bureau report later dis
PEELED all fears by predicting warmer
weather. The inclination of bears TO
continue pounding the market was
strengthened under rather free selling
by the professional element, prices
slowly but surely sagged. The ineVltn-
Bile dull period during the middle Of the
session found the market ut Its weak
est. prices getting under puts and even
then receiving but little support.
Northwest receipts showed considerable
increase, Minneapolis and Duluth re-
porting 1853 cars, against $50 last week
4
were niRety-nine cars. two OF which
were OF contract grade. Total primary
receipts were $4,000 bushels, against
1,l46.000 bushels year ago. December
finally sold down to TIC and Septem-
Der to 69Isc, around which prices the
market hung for some time. Around
noon the market frightened up little
on the reports Of export clcarances OF
772, 900 bushels and Indications Of a
good export business for to-day and n
little later the market became posi-
lively strong and advanced rapidly
when n sharp advance In grain rates to
take effect September is was announce
ed. This was expected to result In n
heavy cash business before the Increase
went into effect and started shorts to
covering heavily. IT was apparent
from the way prices advanced that the
market had been oversold and some
difficulty was found In covering extern
slve lines. Export engagements were
put at 81 loads. over million bushels
Of wheat Is said TO have been taken by
one firm which was leading seller
early In the session, September adj
vanced to 7ORG7OlEc and closed Mt 7O2sc,
December advanced to 72hG72Sc, and
closed ut 72isc.
Corn was irregular with n fair
amount Of business.
The market was weak for September
during the morning on continued lldut-
dalton. Later good buying started on
complaints Of dry weather In some of
the most important corn producing
states and on the announcement OF an
advance in grain rates. The local cash
demand was slow. but the senboard re-
ported good export demand. Receipts
were 800 cars. September ranged from
3OMc to 3ic and closed Nc higher Mt Sic.
December ranged from 2Sisc to 2S7sc.
and closed hIMc higher ut 2S& G2Ssc.
Oats were slow but firm. Sympathy
with whent md corn and the influence
OF an excellent cash demand kept
prices little higher during most OF the
session. About 100000 bushels were
worked there. Receipts We're S3I cars.
September ranged from 1890 to 2Ohc
and closed hGEc higher. December
ranged from l9SGl9No to 1875 G2Oc and
closed NC higher nt l9TGl9Mc,
Provisions were heavy and closed AZ
slight declines. The market was In
fluonced early by the grain weakness,
and did not rally. The shipping de-
mand was poor and Liverpool report
cd declines. There was scattered Sep.
TENDER liquidation all day. At the
close September pork was &c lower ut
IS 20: September lard 2l5c lower at s. 20
md September ribs n shade lower at
S. l5d5 III.
Estimated receipts Thursday: