The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1899-08-30

CHICAGo-wheat averaged weak
to-day. but closed at substantially un-
changed prices. Expectations Of in
creased northwest receipts was still at
fecting the bulls, but shorts were dis
posed to take profits. Other markets
were embarrassing. Corn closed &c
lower for September and unchanged
for December. Oats declined nc In
September. but closed a shade higher
for December. Provisions closed un-
changed to 2hc lower. Weakness was
shown by wheat at the opening Of trad
ing. Liverpool reported decline OF
y pence while the northwest advices
told Of perfect weather for harvesting
operations and also said that new
wheat would move freely from now on.
Longs were the principal sellers. They
were apparently afraid Of their posi-
ton under the favorable crop condi-
lions and liquidation from that source
forced prices down slightly from OPEN
ing decline. The break in prices was
taken advantage Of by shorts who COW
cred quite freely and slow recovery
in prices ensued the advance bringing
both the September and December OPP
lions back fairly within yesterdays
closing prices. An interval OF extreme
dullness followed and prices for an hour
or more varied but little. The general
tendency was in the main downward.
The speculative market being influence
ed to a certain degree by the early
slack cash demand. The weakness be-
came more pronounced in the afternoon
though the declines were small on ac-
count OF the lack Of trading either way,
The northwest was weaker than the
local market and some selling came
from that direction. Late In the session
the market was Influenced by the Hun
garlan minister's estimate on the
worlds wheat crop, which put the
amount at nearly 100000 900 bushels un-
der theoretical requirements. A fair
amount OF buying followed this an
nouncement and best prices OF the day
were reached. There were plenty OF
holders willing to part with their
wheat at the advance and the close
found the market steady, but on a
slight downward turn. Bradstreet's es-
timated the worlds visible decrease at
1889, 900 bushels, about what was eN-
pected. Minneapolis and Duluth re-
ceipts were ISL cars, against 800 cars
last week, and $50 year ago. Chicago
receipts were 1872 cars. four Of which
were Of contract grade. Total primary
receipts were $4,000 bushels, compared
with 100000 bushels year ago. At
lantic port clearances Of wheat and
-four amounted to 2SS,OO0 bushels. The
cash demand here was slow and offer
inRB generally freer. New York put
the export engagements at twenty-five
loads. September opened &c lower at
69& R69hc It declined to 69%C during
the first hour, sold as high as 70ikc, and
closed at zoe. December opened kG$C
lower at 7l&@7lSc. 1t declined to
I1&e, and reacted to 72ha72lGc, closing
at 72c.
Corn was irregular. September was
weak early with wheat and on the more
liberal country offerings, but It rallied
later and closed about stendy. The
new crop futures were steady. Trad
ing was extremely narrow, and price
fluctuations in all speculative futures
were small. Local receipts were 9iS
cars. Elevator people were the princi-
pal sellers. There was some talk OF
too much hot weather. September
ranged from SOhc to 3O5SG3lc and clos
ed Nc lower at S9hc. December closed
unchanged at 2SIsc.
Oats In the main followed corn. Sep
TENDER was wenk early. but recovered
partly and closed fairly steady, Country
offerings were freer and the cash de-
mnnd not 80 good during the morning.
Elevator people sold. Cash business
Improved later and 100000 bushels were
reported worked. Trading WINS mostly
in the way Of changing. Receipts were
III cars. September ranged from l9%c
to 19Md20c and closed &c lower Mt
lsMa29c. December closed a shade
higher ut 19%0l9%c.
Provisions were steady most Of the
day. Weakness was shown at the
opening In sympathy with the grain
markets Shorts were moderate buy
ers Of the September product, and with
light offerings prices ruled higher until
near the close, then slAckened md
prices fell OF. The close was steady,
September pork unchanged Mt s. 20:
September lard 2kc lower ut 81 22h
and September ribs 2hc lower at s. l7h.
Estimated receipts Wednesday:
Wheat, corn and onts, no estimate
compiled; hogs. 2I.00O head.
The leading futures ranged rs follows: