Wheeling register. [volume] (Wheeling, W. Va.) 1878-1935, 1897-12-09
PRODUCE.

Chicago, December S.-December
wheat sold to-day at S1.W and closed at
81 .O014, or &c above yesterdays close.
May also advanced %c. Receipts in tie
Northwest at last are falling below
those Of last year. This fact caused
anxiety among the shorts anG was I'M
doubtedly the pricipal reason for the
advance. Other markets were uninter-
sting. Corn closed a shade lower, oats
unchanged and provisions 21a@7hc
lower
A firmer tone was observable in
wheat at the opening and it improved
as the session progressed. The chief
incentive to buy came from the further
decrease in the deliveries in the north
west and though other bullish news
came in during the day, ehis proved the
main sustaining factor throughout. For
the first time shorts in December show
ed real anxiety. December opened at
99c, or &c above yesterdays close. A
little selling by the bull clique sufficed
to put the price back to 9S%c, but an
hour later an attempt to buy few lots
put the price to 81 very quickly. The
interest in the option did not then die
out as it did yesterday. More buying
orders came in after a slight reaction,
which put the price to S1.01. Again the
bull crowd let go but for the rest Of
the day December showed an affection
for the dollar mark. There was good
action in the May price also, due part
ly to the bidding up Of December, part
ly to bull influences. May opened a
shade over the Tuesday closing at
8935c and sold at once to 90c. The
first hour found the price advanced 1ac
over last night to- 90as @90aa. Then
when the December went to S1.00, May
sold at 90%c. When December went
to Si.01. May sold at 81. 1t is fair to
suppose that fully 1c Of this gain was
due to the pressure in December.
Chicago receipts were still as dispro-
portionately heavy as ever. numbering
ESQ cars, compared with 81 cars last
year, but there are extraordinary in
ducements being offered to bring wheat
here if it is up to the high requirements
of the Chicago contract quality. Min
neapolis and Duluth reported 600 cars
received, against 715 the Wednesday
prveious, and 629 the corresponding
day of the year before. In view of the
fine weather and the cash premium,
nent let up in the heavy receipts in the
Northwest.
Bradstreet's worlds visible statement
was surprise and was influential in
the high prices both Of December and
May. 1t showed a decrease of 447,0
bushels, whereas the increase of at
least 100000 had been looked for. The
primary market receipts were S25 900
bushels. as compared with $4,000 the
year before. Atlantic export clearances
Of wheat and -four were equal TO 604,-
600 bushels.
During the last hours trading May
sold off to 901ac or realizing and closed
at 01a0905sc. December closed at
81. 0OA.
Corn was utterly indifferent to the
advance in wheat and barely MANAGED
to hold It's own Outside of a little
trading In May early in the CAV, there
was almost nothing doing Receipts
were moderate. $50 cars, but country
offerings showed an increase. and this
country selling it caused the slight
early advance to be lost Cables were
steady. Clearances amor ted to 556.-
600 bushels. Slipping demand pocs.
considering the nearness of the close CT
navigation. May ranged from 2S1s to
2Sasc and closed shade lower at
2SSsc.
Oats, though quiet, were firm. helped
by the strength of wheat December
showed especial firmness, having &c
advance at one time. There was some
covering by shorts in that option Com
mission houses were moderate buyers
of Nav as were elevator oopcernc
Bradstreet's showed visible increase
Of $4,000 bushels. about the only bear
ish influence. Receipts were 2lA ears.
Nay ranged from 22Ac to 22lsc, and
closed unchanged at 221sc.
Provisions were weak from the start.
Hcg receipts were much larger than