Wheeling register. [volume] (Wheeling, W. Va.) 1878-1935, 1897-10-16
Articles.
Cash wheat, No. , red, 92c.

CHICAGO, October 15-Tt was a day Of
action and reaction in wheat with the bulls
having the better of it in the end to the
extent of a &c advance. A feature of the
drought reports. which, coming so late
in the season. had no small influence in
the closing strength. Covering by shorts
caused advances of about &c in corn and
oats. Provisions We're dull bu firm and
closed at 5Q1212c higher.
Wheat opened firm. December starting
at from 905sc to 907sc. as compared with
yesterdays closing price of 9012d5sc. with
buyers decidedly in the majority. Liver
pool opened at declines of only 12Q%c.
New York's report that the exports en-
Sagements there yesterday had aggregat-
ed 10000 bushels and at outports had
reached 24S.000 bushels, was rather unex-
pected. as yesterdays reports indicated a
falling off from the phenomenal figures
of the day before. Drought damage re-
ports. especially from Kansas We're once
more in evidence. Hot winds We're report
ed throughout the southwest, accompan-
led by dust storms. stopping seeding en-
urelY. THESE reports served to keep the
market firm during the early morning on
4 narrow amount of trading. and the mar
ket within an hour from the opening had
advanced to size for Desm.er. THE
northwest receipts were liberal at 1O72
cars, against 1925 the corresponding day
last week and 1888 last year. Chicago re-
ceiptS Were 1S2 cars
A prominent northwest milling man was
quoted as saying he did not believe there
was enough wheat left in the northwest
TO keep the mills running the remainder
OF the year. 1t is estimated that Duluth
stocks during the coming week have in
creased 100000 bushels and Minneapolis L.
100000 bushels. This increase of :. 600 600
bushels at the northwest points is expect
ed to be largely offset by good decreases
here and at the seaboard and it is esti-
mated that the visible supply increase for
the week will not exceed l $50 900 bushels
against 100000 bushels for the CORE epond-
ing week last year. Primary market re-
ceipts for the day were 100000 bushels.
against 100000 bushels for the CORE
spending day last year. Extreme dulness
prevailed in wheat during the greater part
of the forenoon. In this interim the trade
became quite bearish. being largely in
nuenced by the absence of general buying
on the part of the public. Directly before
noon htere was a sharp and sudden break
December dropping from 901906sc, to
which price it had gradually declined. to
9ya Sc. The rumor was current that the
Modern Miller which issued a particular
~ bullish summary of the situation last
week. had greatly modified its views since
the recent rains. This was given as one
OF the reasons of the sudden slump
When the report came out its purport was
seen to be fully as bullish as a week ago
and the reaction was sharp and sudden.
New York reported exports engagements
or 30 boat loads with more working. The
days clearances were equal TO 657 900
bushels. December was bringing 9l3sdI5c
al the close.
Cash quotations were as follows:
Flour quiet; quotaby 15c lower
spring, 19dS4c: No. 2 red, 932sc
Corn. No. 2 and No. yellow. 25462sc.
oats. No. ? 1Sl2c; No. white, PC; No.
white, 20l4G21%c.