The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1899-08-29

cHIcAGo-A heavy increase In the
arrivals Of new wheat in the north
west was taken advantage OF by eleva-
tor people and professional bears to-
day to force wheat down and the mar
ket closed weak at about &c decline.
September corn was weak on renewed
liquidation and closed &c lower. More
distant futures closed about &c lower.
Oats declined &c for December, but
closed unchanged for September.
Provisions closed unchanged to f45c
higher.
For a good part of the morning wheat
was fairly firm at a slight advance in
prices. Liverpool showed but small
opening decline and more than recover
ed this before the close there. A more
Important consideration was the small
worlds shipments and more particular
ly those from Russia whose large eX-
ports last week were an important
factor in causing a downward turn to
the market. Russia this week report
ed shipments OF $4,000 bushels, the to-
tai worlds shipments being 57S9,0O0
bushels. Notwithstanding receipts
were somewhat larger, but not enough
so to bearishly AFFECT the market. Min
neapolls and Duluth reported arrivals
OF 1893 cars, against 327 last week and
$50 a year ago. Chicago receipts were
ZIG cars, twenty-three OF which were OF
contract grade. Shorts were the best
buyers at the opening; northwest and
outside markets were weaker than this
and some pressure was put on the mar
ket by professionals and elevator peo-
pie for this reason which caused tenn
porary decline. September opened "a
&c higher at T07sc and declined to 7OlEc.
December opened Xdhc higher at
72N97Sc and eased of to 72%972lsc.
The decline was stopped by the I'M
nouncement that the visible supply
had decreased 1.5l7, 5000 bushels and the
slackenIng in the selling pressure COM
Ing at time when shorts were cover
Ing. prices advanced again, September
getting to 70M671c and December to
73c. These proved the high points OF
the day. A period OF comparative In
activity followed, but before noon the
market turned decidedly weak on the
reported arrival OF 300 cars of new
wheat Mt Duluth and by much more
favorable threshing returns from the
northwest. Elevator people and pro-
feasional bears were not slow to take
advantage Of this, and pounded the
market persIstently from then until the
end Of the session. December finally
declined to 7lAc and September to zoe.
There was a tendency on the part OF
shorts to cover ut those figures and
slight rally occurred. but the general
feeling was weak to the close. The sea
board reported large export business
on the break, but the cash market here
was poor. Atlantic port clearnnces
amounted to 26s.OOO bushels. Total
primary receipts were 10000 bushels,
compared WITH 1.2S1.OOO bushels last
year. New York put the export en-
gngements at 20 loads September clos
ed ut 7O170hc, and December Mt I2c
Corn wnR weak for September. but
steady for December and May. There
was scattered liquidation for September
nil day but most of the selling was done
by elevator firms. which was taken to
indicate heavier country offerings. Crop
reports continued favorable. Receipts
were $40 cars. September ranged from
3O7sd3lc to 2iS6aAc, and closed sc
lower Mt sic sellers. December closed
nc lower Mt 2siac.
The speculative market for oats was
almost nj n stnndstlll. The market
was n little easier. In sympathy with
corn. hut trnde was too small to admit
Of material changes IN values. Oner-
ings were freer from the country and
most OF the selling in the speculative
market CuIUt lIoIu NUe uuNHlue anu ll"W
elevator people. The cash demand was
tame. Receipts were $40 cars. Sep
tember rnnged from zoe 10 g0hc, and
closed unchanged at 20d2Ohc. De-
cember closed &c lower at 1880. The
market for provisions was Arm but
dull Receipts OF hogs were moderate
and largo decreases In stocks We're re-
ported. particularly Of ribs which led
the nrmness In the speculative market.
Packers were good buyers Of lard and
ribs ~ the close September pork was
unchanged at IS %: September lard 7l5c
higher at 81 25 and September ribs 7lsc
higher Mt s. 20.
Estimated receipts Tuesday:
Wheat. 40 cars; corn, $40 cars; oats.
40 cars; hogs. 1900 head.
Cash quotations We're as follows:
Flour steady
wheat-No. 3 spring s796oHc; No 2
red I3hc
san @52&c