The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1899-08-24

CHICAGo-wheat became a strong
bull market again to-day and closed at
an advance Of H9Ac for September
and X6hc for December. Rains in
the northwest, small receipts strong
cables and good cash demand caused
extensive covering by shorts, Corn was
strong on the cash demand and closed
higher for September and May. but a
shade lower for December. Provisions
closed unchanged to 10c higher.
Wheat opened strong at substantial
advances in both September and De-
cember, the latter starting A8Sc high
er at 7Ik 674%c and September sc
higher at 71Hc. Bull news came in
from all directions. Liverpool showed
an advance Of I'd. The weather in the
northwest was again wet with pros
poets, OF q continuance OF the rain and
receipts. compared with those OF last
season, were conspicuously small. The
wet weather caused a good deal Of buy
Ing last week and 1t had the same eff
feet to-day n sthere was much apre-
henslon Of serious damage resulting.
The opening advance WIS stubbornly
fought for time, especially In Deem
Der, where a slight decline took place
soon after the opening, the price easing
of to 14d74Isc. But the news was too
much against the bear side OF the mar
ket and before II o'clock prices had
scored a substantial advance. septem-
Der advancing 10 I2Hc and December to
74kc. These prices were above calls
and selling against those privileges and
natural desire to realize profits caus-
ed several soft spots In the market, but
no reaction OF note ocucrred until late
in the afternoon. September in the
meantime advanced to 12hc and De-
cember to 74&c. At those prices the
demand let up TO some extent and un-
der moderately heavy pressure to re-
allZe a slow decline took place, Septem-
Der reactlng to 72M972Ac and Decem-
Der to 74Hd7lasc. The close was steady
at those prices. The cash situation
was a leading factor In the strength OF
the speculative market. Nearly all the
cash houses reported better bids aud
enc Arm reported 5000 bushels sold d.
rect to foreign market. hlnneapo-
lis and Duluth receipts were i15 cars,
against 1874 last week and 4ib ~ year ago.
Chicago receipts were n cars, four of
contract grade. Total primary receipts
were 505,OO0 bushels. compared with
gu. 900 bushels n yenr ago. The north
west predicted small receipts for some
time. Atlantic port clearances Of
wheat and flour amounted to $4,000
bushels.
Corn did not display much activity,
but was firm throughout. The
strength OF wheat had some influence.
but the large cash demand was the
principal factor. Spectators were also
influenced by the small receipts and
moderate country offerings, Receipts
were 1893 cars. Shorts were free buy
ers OF both September and December.
Crop bulletins were generally favorable.
September ranged from sic to 5tA9
3iIsc, and closed hqSc higher at
SI%c.
Little wns done In oats. Elevator
people and receiving houses sold mod
erately. but the cash demand was excel
lent, about $50, 900 bushels being report
ed. and this and the firmness OF wheat
sustained prices early. The market,
however followed the late break in
wheat and closed barely steady. Re-
ccipts were 800 cars. Shorts bought
September to some extent. September
ranged from i9N620hc and closed
shade higher ut zoe. December closed
n shade lower at l9&Gl9%c.
Provisions were extremely dull. Hog
prices were lower. but there was u fair
outside demand for pork and ribs which
resulted In advances In those products,
Most OF the business was In the way
OF changing. Al the close pork was
7Is1iOc higher Mt IS 30QS 32la. Sep
TENDER lard unchanged ut IS 20 and Sep
TENDER ribs &c higher Mt s. 1871. Estl-
mated receipts Thursday:-Whent so
cars; corn 365 cars; oats $50 cars; hogs
q, 900 head.