Wheeling register. [volume] (Wheeling, W. Va.) 1878-1935, 1897-12-02

firm to-day, but very dull until about
twenty minutes from the close of the
session, when it started on decline
that left it 5s@Ac lower for May than
it closed yesterday. Lack of support
in export demand was apparently the
weakening feature finally. Corn, oats
and provisions were all dull and price
changes at the close were insignificant.
The misunderstanding of an order
to buy December wheat came near to
demoralizing the market at the open
ing. A commission firms order to
their broker to buy $4,000 bushels Of
December wheat was misconstrued,
and the wheat was instead offered for
sale, resulting in some other lots
coming on the market, and an almost
immediate decline to 94c, as against
95%c at the close yesterday. The mis-
take was soon discovered and the buy
ing of not more than $4,000 bushels
put the price up again to 96Ac in
quicker time than it took to go down.
May started unchanged at 1sc, but
the effect of the disorganization in De-
cember caused temporary depression
in May to 90A. 1t quickly recovered,
however, and in the course of the fore
noon it reached 915sc. The cold
weather continued throughout the WIN
ter wheat region and the fields were
still uncovered. The st. Louis crop
experts evidently thought the trials
that the plant was being subjected to
were more than it could live through,
as several orders came from there to
buy July wheat. That future in con-
sequence was relatively stronger than
May. Minneapolis and Duluth receipts
once more this week showed some fall
ing off, compared with the previous
weeks, but were still discouragingly
heavy, as against those of a year ago.
Those places reported IT'S cars against
762 last week and 316 the like day OF
1896. Chicago received lis cars
against only 81 last year, but ship
ments hence were $4,000 bushels.
Atlantic port clearances were equal
to $4,000 bushels in wheat and -four.
The western primary market receipts
were 1,O09,0 900 bushels compared with
only $4,000 bushels last year. Zero
weather prevailed in the region
around Duluth. so that it was con-
sidered very questionable if any fur
Their shipments would be made by lake
from there this season. This was de-
livery day, but Notwithstanding this
fact there was hardly any wheat
turned over, and it is the belief that
little will be until navigation is closed.
Liverpool opened unchanged for all
futures, but May, which was sd
higher, closed strong at from Esd to
Id higher, March, the active trading
month, being the strongest Notwith
standing the rather encouraging situ-
alton, the trade was so light and the
active local traders so reluctant to re-
tire with any unfinished business on
their hands, that in their efforts to dis
pose of long wheat they accumulated
during the forenoon's rise, the market
slipped from under them and the price
of May went down from 917s to 903sc
about fifteen minutes from the close
New York reported only ten loads for
export This lack of export demand
started the unloading which was rem
dered difficult by the almost utter lack
of buyers, and prices slipped down
very easily. December behaved better
after its mornings gymnastics, and
closed at 1914, an advance of 12c.
Corn was firm and was very little
affected by either the early strength or
closing weakness of wheat. The better
feeling was due in a measure to the
belief that the liquidation is about
over and spread to-day narrowed
some. There were no deliveries on
December contracts. Gables were firm
and exports were good, amounting to
S91 900 bushels. Receipts were 319
cars. Country offerings were moderate
but the weather is favorable for the
movement. Trade was unimportant
May ranged from 1914 to 29kc, closing
a shade higher at 2s1s@29Ac.
Up to short time before the close
the market for oats was firm, active
and higher, December especially show
ing strength. Good elevator buying
firm, cash market and sympathy with
wheat all helped to advance the price.
Deliveries were small, which was als0
factor. The late break in wheat
started May liquidation, however, and
the market lost all its early advance,
selling at the bottom at the close. Re-
ceipts, 225 cars. May ranged from
22Ac to 221sc, the latter being the final
price. December maintained its
strength and closed CSC higher at 20sz G.
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