Wheeling register. [volume] (Wheeling, W. Va.) 1878-1935, 1882-11-21
THE CHICAGO MARKETS.
Leading Produce Closing Weak-Fea-
lures OF the Wheat and Corn Prices.

CHICAGO, November 2O.-The leading pro-
duce markets were rather tame yesterday,
mostly steady in the early part of the day
and closing weak. 1t was a Saturday kind
of trading, and the wires were still working
rather badly, which helped to make the
trading local. The expectation Of larger
receipts weakened prices. Provisions were
was q little local strength early,
as lard was quoted Sd. higher in
Liverpool, and hogs at the stock yards
were some higher. Prices advanced about
% cents. but some people suspected
that the advance at the stock yards was
conceded with the intention of bringing out
a big run Of hogs the coming week, the ar.
rival being variously estimated all the way
between 100, 900 and 100000. Hence buyers
of product held off to await developments,
the result being sagging OF prices. At the
close pork and lard averaged about 10 cents
below the latest prices Of Friday, and meats
were cents lower, except that they were
nominally strong for this month. The pack
ing of this city since the end OF October to
date is reported as 366, 900 head, against
AZ, 900 to date year ago, and 6O4,OOO IN
$780,
Wheat was slow and tame, averaging at
the close about / = cents below the latest
prices of Friday. London reported cargoes
OF spring cd. per quarter higher, but that
advance was only about one half the rise IN
rail freightS, to take effect on Monday, and
the two facts together left shippers to Eu'
rope at a greater disadvantage than 9ei4re;
Our receipts are less than 200 car loads, but
the visible supply is increasing rather
rapidly in the absence Of demand, and this
tended to bear futures. The offerings OF
car lots of spring were taken to sell Tor De-
cember, and the red winter was in moder-
ate request for shipment. This month was
relatively firm, and, as compared with DE.
cember, there was a little widening out OF
the premium on longer futures.
Corn was tame and averaged weak, chiehy
in the latter part Of the session. 1t closed
fully l cent lower for this month, y cent
lower on May, and a cent lower on the in:
termediate futures than the latest prices of
Friday, although there was an early rally
of a to "a cent on the strength OF the pre-
cedipg afternoon. The weakening began
when it was found that some buyers OF the
previous day had become sellers, that there
was a glimpse of sunshine, that shippers
were apparently abashed by the intended
advance in rail freights, and that there was
an improvement in the inspection, which
will probably encourage increased receipts
No. corn was little wanted, the New Eng
land shippers holding of, and 1t was SAID
that those VINO OOuSnt ulu ~ Shi0hy w
sustain the markets. But 1t was notlcea.
bic that old red rejected on track, sold at
IS to 6SH cents, which was about the price
of No. 2 in store. Old corn is getting scarce
here and elsewhere, and the course Of
prices on the year possibly depends largely
on this weeks action with regard to the
corner rules. II they are abolished there
may be squeeze. 1t is noteworthy that
the May premium over January was re-
duced to \ cent by free sales of the longey
future. The receipts for the week were
IS, 600 cattle, 176,5OOO hogs, and 1880
sheep, against 3S,59S cattle, 22l, 579 hogs,
and IL, 1852 sheep for the corresponding
week last year.
A letter from Southwestern Iowa says
there is certainly not more than two
thirds crop of corn in that section, and
it is being bought freely by local eonsum'
erS