The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1899-08-10

cHICAGo-This was a day Of cover
ing by shorts in wheat and the result
was an advance of M9%e in September
and almost as much In the distant fu-
lures. Strong cables. disappointing
threading returns and expectations OF q
bullish government report were factors.
Coarse grains were also strong, corn
and oats each advancing about sc:
Provisions lost an early advance ana
closed 2is9l0c lower.
Aided by an early unlocked, for ad-
vance Of H6%d at Liverpool and by
some bullish domestic news, wheat
started strong at an advance OF about
&c, September at 6s%G6S2c. During
the first hour there was considerable
buying by outsiders through commits
sion houses and covering BY local
shorts. September advanced steadily
10 6s3sc before the turning point was
reached. Besides the strength at Ltv-
erpOol, buyers had to help themselves,
small northwest receipts, Minneapolis
and Duluth reporting but III cars
against 237 last week and IS q year ago.
A good many reports came in from the
northwest OF heavy rains retardln8 the
ripenIng OF wheat and harvesting opera
lions. Some complaints Of unBatistac-
tory harvesting returns were received.
The cash demand showed signs OF Inn
provement. bids for hard winter being
nc better than yesterday In some cases.
There was the usual amount OF reallz-
ing on the advance and reaction DUR
ing the morning carried September
back to 6Shc. but during the afternoon
the market again became strong ana
most of the original advance was re-
covered. SHOWS crop report estlmat-
ed a drop Of about 5 per cent IN the
government estimate Tomorrow on the
condition Of spring wheat This would
suggest a crop Of about 25I'VVO'VVV
bushels. Shorts covered quite gener-
ally and the market showed considera-
bic strength at times. Total primary
receipts were 535000 bushels. ATTAIN
tic port clearances OF wheat and flour
aggregated $4,000 bushels. Chicago
receipts were 14S cars, OF which 50 were
OF contract grade. September advance
ed to 69h aB9Sc, but reacted on pront
taking to 69bc.
Corn was strong and quite active.
sympathy with wheat was factor, but
the main reason for the strength show
ed was the continued excellent cash and
shipping demand and the small country
offerings. Receipts were light, 2SS cars.
Competition was sharp for the httle
corn OUeFlnEs 6HOELH GbNGANu AACSAS
and 4 good advance was scored. Sep
TENDER ranged from S03s4SlSc and
closed &c higher at size.
There was an improved trade IN oats
and the market was strong from the
start. There was some suggestion OF
September manipulation and this and
the small stocks and good shipping de-
mand caused free covering by shorts.
The selling was In the way OF realizing
and by scalping longs. Receipts were
pa cars. September ranged from 1854
Gl9Ec to 2OMc, and closed &c higher at
l9A62Oc.
Provisions were erratic. The mar
ket opened steady and unchanged.
Sympathy with the grain markets and
a natural reaction from Tuesdays de-
cline caused good advance during the
morning, but there was general selling
movement on the rally and during the
afternoon prices tended steadily down
ward. Packers were free sellers. The
cash demand for meats was poor. Al
the close September pork was 7AglOc
lower at IS 25dS 27ia; September lard
5GDTILc lower ut IS 2Od5 221i; September
ribs shade lower at IS 00@5 02l9.
The leading futures ranged as follows: