Wheeling register. [volume] (Wheeling, W. Va.) 1878-1935, 1897-02-11
PRODUCE.

CHICAGO. February 10.-COrn made a
new low record for the crop to-day. May
closed at 2S5sc. Wheat sold at one time
&c above yesterdays close but turned weak
and closed at sc decline, caused apparent
~ by the overloaded condition of the mar
ket. Oats were also weak and closed sc
lower. Provisions declined sake. May
wheat was offered at the start at 1874 lSc,
against TG1Ac at the close yesterday.
This early weakness was brought about
chiefly by the failure If the Liverpool mar
ket to respond TO yesterdays advance here
and by the reported generous snow fallS
over the winter wheat belt. TIE supposed
gravity of the European political situation
received no confirmation from the action
of the foreign markets. Even English con-
soils. always sensitive to war rumors, snow
ed no change and traders therefore paid
but little attention TO the diSqu:eilng re-
ports. Blu, after the first few opening sales
no more was offered al decline. Holders
of important lines of long wheat were eNi-
IDENTIFY more inclined 10 buy more at the
concession in price than 10 part with any,
the consequence of which was quick re-
Versal of the opening course of the market.
Later news also favored the buyers. Min
neapolis wired that millers were active
buyers of cash wheat. II was said that the
supply of wheat in the Northwest was not
sufficient 10 permit mills 10 run TO the eX-
tent they did last year. while the demand
for flour was said TO be increasing. Inc
late cables indicated that the early weak
ness in Liverpool had been recoverSd ana
this was a helping factor Another Nulllsh
influence was the report from BerDohm,
showing that wheat stocks in Europe real
~ decreased over j.OUOOW bushels IN jan
uary instead of ]. 100 600 bushels. as reported
by the Liverpool corn trade news. Chicago
received seven cars of wheat MinneapO-
lis and Duluth reported 2lS cars. against 224
Il week ago and i39 the corresponding day
of the year before. The bulls stuck TO the
recent programme until from t6Ac at the
opening May got up TO USsc. The attep
proved the dumping place for as much
long wheat as could be disposed OF WITH
out breaking all the pegs in the market
The speculative crowd was apparently
overloaded. and finding the demand falling
made an effort to unload. Ihelr offerings
were sufficient to break the market, slowly
at first. but more rapidly near the end OF
the session. May was finally forced GOWN
to IGis 16l+c and closed easy at 'b'sc.
Corn was weak and had Tor the cause
of IL heavy selling of several prominent
receivers The market received practical
~ no support and sellers We're aided by the
WcatUeSs of wheat near the close. Exports
wLe rather light at 4ll.GcJ bushels. May
opened q shade lower at PIC. sold spllt
fraction higher. then declined 20 Z3'sc. me
lowest point yet touched for the crop. II
closed at that figure.
In oats an easy feeling was pcrcepuble
at the start ana prices gradually sought a
lower level Sympathy with wheat Wa
principally responsible for this, although
late i'm the day shorts showed some dispose
ton 10 sell which materially helped the de-
cline May opened a SHADE iowcr at li'sc,
sold 90 lie and closed at l1dlllSc.
Provisions were easy all day. Hog re-
ccip,s were larger than expected ana open
ing prices for provisions were lower IN
consequence. Packers were liberal sellers
all day ana a s,ill further decline 'uSued
part OF which, however, was subsequently
recovered. Al the close May pork was t2c
lower at s. 1GUI l2is. May lard o. lower at
Sc S2i2 and May ribs &c lower at So gJd3 81 2.
Estimated receipts Thursday-W Wheat Il