The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1899-11-02
The following quotations are furnished
HoWnrd HnElett & Son. brokers, Ma


CHICAGO-Wheat dropped over
cent to-day. Liquidation by demoraliz-
ed longs because OF unexpected weak
ness at Liverpool. caused the slump.
The market ruled weak throughout and
closed with a loss of l9lhc for the
Decembe' option. Corn also suffered
from liquidation and short selling and
closed NC lower. Oats lost lsc and pro-
visions from &c to Zoe.
Wheat made sudden drop Of &c at
the opening and continued on the down
grade throughout the entire session AS
the little strength which characterized
the market here yesterday was tn an
tIclpatIOr of higher quotations from
Liverpool to-day as n result OF severe
military reVerses to the English army
in South Africn the trade became de-
mornlized when the reverse Of that eX-
pectntIon occurred, There was very
little else at the opening 10 encourage
selling but spectators became so bear
ish that In their eagerness to find pur-
chasers the market slumped OFF stendily
and closed decidedly weak within
fraction Of the lowest point touched
during the day a steady increase in
local stocks. together with an eXces-
sively slow cash demand added to the
selling movement during the late trad
ing. December opened RQhc lower Mt
69kGf0c: sold Sparlngly at zoe: declin-
ed to 69Iic, and closed with sellers nj
69kIG9Mc. This establishes a new low
record for the December option this
year The lowest point reached pre-
viouslv being G9%c.
Chicago received iH cars, twenty
three of which were OF graded contract.
Minneapolis and Duluth got $50 cars,
compared with s6G the corresponding
day a year ago. Total western primary
receipts were ,05O.O0 bushels against
l,5S6.0O0 bushels last year. Atlantic
port clearanres OF wheat and flour
equnlled $4,000 bushels.
Corn showed considerable heaviness,
sympathiZinE with the decline In wheat.
A slack cash demand mn advance In
rail rates enst and a decline In ocean
freights wcrc also used nF arguments
for lower prices. Short selling was the
order OF the day, under which the
market yielded steadily until near the
CloBe when country buying started
rally. The Improvement was short-llv.
ed, however, as the bulge only added
Increased vIgor TO the selling movement
and the market resumed its downward
course until the end. Receipts, ZIG cars.
December opened Nc lower at 1lAc
advanced to 3lhd3lhc; declined to 3lH
31Mc, and closed with sellers at 3l3Sc.
Light receipts and fair cash inquiry
counter balanced heavy commission
house selling In oats and the market.
after n slight dip early held steady the
remainder Of the session. Receipts, 1871
cars. December opened shade lower
at 22A G225kc; declined TO @2Sc. and
closed nj 22&c.
Provisions were slow and weak. The
decline In corn. excessive receipts ot
hogs and lower prices ut the yards
were the depressing influences. Pack
Crs sold freely January pork closed lOc
lower at 80 Go89 G2lk: JaRunry lard 5n
7Isr lower Mt s. 26G5 97}s, and January
ribs nc lower Mt 81 90
Estimated receipts for Thursday:
Wheat, 1876 ears corn, 232 cars; oats
200 cars: hogs, $4,000 head.
Total sales OF stocks were @j,bO shares.