Wheeling register. [volume] (Wheeling, W. Va.) 1878-1935, 1883-09-03
Review or the Apketa.

CHI,A AGO, September AT last the mar
ke,s on change appear TO be moving out of
the rut TO which they have ~ long been
confined. The increased movement OF grain
from the interior and the heavy deliveries
on September contracts have disturbed tho
lethafgy prevailing, and started the ball
rolling again. Its course 10 decidedly
down the grade. Corn, which has held 30
stubbornly strong has finally had TO sue
Cumb TO the inevitable logic OF enormous
daily receipts. The indications point 10
still greater influx the coming week, and
every day lessons the dread OF frost. Ad.
vices from the south are that the crop In
looking well, and thai d great deal of old
corn is coming 10 the surface that will
probably have To be shipped north, as the
demand Is very light in the south. One
effect Of the decline is TO stimulate the
shipping demand. which was beginning 10
cash demand is the only element OF
strength visible and the future course of
the market will he influenced by u. Any
considerable falling OF OF the shipments
while the present line growing weather
continues would result in further and
very serious break.
Wheat has not even the lea'nre ot
strength possessed by corn. The great
stores here and elsewhere and the very
limited demsnd prevent any strong parties
taking hold 10 sustain the market. The
demand for speculation or shipment ~
alike small, and while these facts continus
there Is nothing TO prevent further
gradual settling In values. It well
known that two or three houses are heavily
loaded up with wheat at high prices, and
Il il whispered that, should the figures
shrink a little more, they will be forced 10
unload, and, a. their load Is heavy, the
realizing may cause quite hurry. For
this reason shippers In the country are
being cautioned by their correspondents
here sgnnst paying too high Tor
either wheat, corn or oats. The drafts
upon the receiving houses are very
large, thus assuring liberal re-.
ceipt.. and the cry Is general
from the country that cars are getting 70
be scarce. which goes 10 prove that the
raj roads are taxed 10 their fullest extent
and that grain 10 accumu .atiDg IN the
country warehouses and elevators. IL IL
true that the visible supply OF wheat de-
creased half million bushels last week
and our receipts are only oper cent as
compared with last year. bat the amount
in Tipht Is 30 Overwhelmingly greater than
then and our elevators, instead OF being al.
most empty, are filled with sbundsnt
stores, hence these compariyous cut little
figures. There Is no proportion OF the de.
msnd for the new crop and little
10 encourage IL coming on, yet
II is said that there will be
much heavier receipts the coming week
than during the past. When bottom is
reached, and some degree OF stesdiness
gained. We may hope Tor b healthy buying
from shippers. Nothing but this can check
the bears. Buyers hsve been holding on
for the break, and will tais advantage of u.
With n good movement TO the seaboard
higher prices are possible, but the talk 10
tba. October must pass under tl.O before
this comes. That further weakness 10 er
pected Is shown by the heavy deliveries on
ettember costracts. The new week opsns
gloomily for the bulls, II there be any such
Vow that the LITTLE August squeeze has
eliminated, there 10 nothing 10 sustain
The oats MARKET. From oil over the country
came stories Of extraordinary yields 70 the
acre. Ths visible supply shows Q isrgs
increase. and Prsssaf INV psioss Are hisn
enough 70 invite . general marketing o.
the crop. Evea the farmers do not hops
for better under the circumstances. The
August corner proved only ParhsI 80
| contrssts, and threw the shorts into 9
papic-R Lindblom a Co. and Gsorss C.
| EIdridre j. Op.-say the ~ Sueezs was the -
sult of an accident, and that while they haf
| Il IN their power 70 make it decidedly In
tersstiss ke ths shorta they lot them Of
easy. The fsot 10 the margin for inmsdi
| aus dsiissry brought such Hood Of ost
here that Asssra Li2dblom aod Rldnde
Secsns seassd themselves lest they uoul'
have t1 bay the entire crop. This bs'Ps'
cut the shAIa amazingly. On the last Dc.
Of The noath siors $50 eass arrived Ajts
hayirG sanipuis,ed The prica up TO
csnts thAy we're obliged 70 let it drop =
21h u the close. on hArs margin Of ~
cenis over tha next month. kOst o. N
cDlssipg. bowsver, had been done beise
% asd 70 censA The shortage vas snon
TIA million bushels. and tbs ht1s tucdsn
n . lessos tbst sSen big crops caf'not .
Gssrsold Nth impspity st low pricrs.
Rye 10 Sslng bed quite fsu OF iAie, %
sltbough shecteA TO some extent by to
prevaisAi wsskSss 10 upon Q much bstts
ts,is Sssp the other grains, and euite
Lri,k little tpsds u bsing doss tn %
J ersS, and there y good shipping inqu
". II 10 pot yet time 1os much 70 he d
OF In barley. % the rDaistsss sye not IN "
nsrkst With the sppsoseb of noo,'
s.aibsr viii come strength api sccTi
| snd not before.