Wheeling register. [volume] (Wheeling, W. Va.) 1878-1935, 1897-12-01
PRODUCE.

PRODUCE
Chicago November 30.-Wheat raj
lied sharply to-day on the enormous
days clearances and closed steady at
an ADVANCE of 1a@5sc for May. De-
cember was apparently held down and
showed only 1Ac advance at the close.
Weak cables and a larger visible in
crease were bearish factors. Other
markets were dull but firm at tho
close. Corn was unchanged, oats so
Nc higher and provisions about Pee
higher.
Wheat started heavy and was on
the down grade for an hour and half.
May, which closed yesterday at 301209
3se, opened to-day at 9028 & re.
Enough buying was started at the
slight decline to advance the price
temporarily to 903sc, but it soon got
down again to 90Ac. December WAS
even weaker, opening &c lower 1T
9434c, selling at 96c, then declined &c
95Ac. Weakness at the Liverpool
market, with an opening decline of
I'D, was perhaps the main reason for
the decline The Northwestern re-
>
with those in the corresponding day
of the year before, enormously so,
were yet, as compared with the move
ment week ago, considerably smaller
and indicative Of the commencement
Of their permanent radical decrease
MINNEAPOLIS and Duluth reported 1,043
cars, against 1,306 last week and 3l6
the year before. Chicago receipts were
274 car loads, against only 81 cars
last year.
The export clearances from Atlantic
ports proved to be conspicuously
heavy, that they drove out of mind
the bearing features that had been
guiding motives on the decline and
caused a speedy reversal Of the pre-
vious course of prices,
The days exports of wheat were
737, 460 bushels and of flour S8,199 bar
rels, the total being equal to 1,135,000
bushels. That was said to break all
previous records for one days exports
from the Atlantic seaboard.
Quite a scramble by shorts took place
after the posting of these figures, which
resulted in sending the price of May
up to 911s@91Ac and December to
96Ac The advance was we'll maintain
ed until Bradstreets reported worlds
visible had increased 100000 bushels
last week, 100000 bushels Of which
increase was on this side and 100000
Of it in and affoat fer Europe. That
temporarily shook the firmne5s, and the
price Of May receded to 905sc. The
shorts had, however been SO severely
jolted by the rise to 91B@91Ac that
they were rendered timid by this time
and it only took a show of buying to
rush the price once more to 81 1sc. The
primary market receipts were three
times heavier than On the correspond
ing day of the year before; the total
amounting to 100000 bushels to-day
against only $4,000 bushels year ago,
but the bulk of the days receipts were
at Minneapolis and Duluth. The con-
tract stock at Chicago increased $780,
coo bushels for the week, making the
total 2.530,0C0 bushels. The market
toward the close was quiet but firm,
May moving up to 9115c. December,
however. was not quite so buoyant,
closing at 9534c.
Corn took it's cue from wheat, start
ing weak and declining as long as
wheat did, and when the latter market
changed from weakness to strength.
corn did the same. The days move
ment Of corn favored holders. but this
fact was disregardad until wheat rail-
lied. The principal part of the days
trading was taking December over to
May. Price changes were very narrow.
Receipts were Gal cars, much below es-
Inmates. Atlantic clearances were
COS 600 buschels. May ranged from
291s@291sc to 29c, and closed unchang-
ed at 291sc.
There was very little to the oats mar
l1et except changing at 11a01%e
spread. Longs sold December and there
was moderate commission house buying
Of May. which made that delivery rela-
lively frmer than the nearer one The
action of wheat had some influence. Re
ceipts were posted at SGT cars. Sea-
board clearances were 7S3, 900 bushels.
May ranged from 221sc to 217sc, cl0s-
ing 1s@Ac higher at 221sc
With the exception of a short time
after the opening, provisions were firm.
Heavy receipts of hogs here and at
western points caused some hesitation
early. John Cudahy was good buyer
through brokers, presumably covering
OF shcrt lines, and this buying was re-
sponsible for the slight advances in
January products, which marked the
close. December products were easier,
resulting in slight widening of the
spread. At the close January pork was
21ac higher at $500; January lard was
shade higher at -$4.221h@4.25, and
January ribs 21sc higher at s42O.
Estimated receipts Wednesday -