Wheeling register. [volume] (Wheeling, W. Va.) 1878-1935, 1897-12-17
PRODUCE.

Chicago. December 16:-Some indi-
cations of a revival of the foreign de-
'mand for American wheat had good
effect on the market to-day, and at the
close May showed 1@11sc advance.
December was again pushed above the
dollar mark, closing at $1001s, an ad-
vance of 3Ac Trading in this delivery,
however, was exceedingly narrow.
Other markets were strong and weak by
turns, but closed firm, corn and cats
nc higher each, while provisions show
ed 71a@10c advance.
Wheat was firm at the opening, May
at 91H@915sc showed as@1ac advance,
while December was 14c higher, at
9S1bc. Some of the advance in May
was soon lost. Spectators who had
profits in sight on wheat bought yes
terday, took them, and then the trading
became so very light for the rest Of the
forenoon that small holders were dis
couraged at the apparently small pros
pect of any further advance during the
day and an occasional 5000 or 10000
bushel lot was sold by traders Of that
class. So narrow was the market, and
so indispCEed were the most of the
traders to do any buying at the moder-
ate advance, that even the selling OF
such drielets had a rather depressing
effect, and from the opening price May
slowly dragged along during the next
two hours to 91Nc. For about an hour
of the time referred to, it stood at $3.50,
varying only in that time from buyers
to sellers, and the reverse.
The features OF the early news that
caused the bullish feeling with which
trading started, came from various
sources, both foreign and domestic.
Zero, or still lower temperature, was
threatened for tonight over the unpro-
tected wheat fields in the northern part
OF Missouri, all of Illinois, Indiana,
Ohio and Pennsylvania, to sly nothing
of Kentucky and Tennessee, which were
also said to have lost the snow which
fell in those States a few days ago.
After IL o'clock the previous prevail
ing lethargy gave place to trife more
appearance of the market being still
awake. and in the course of another half
hour it was kicking its heels up in a
lively fashion and hitting the bears hard
at every jump. On the reported work
ing at New York of 10000 bushels CT
No. 2 red winter wheat for export, some
who had been waiting patiently for a
SlSIlil DeSdH Duy ing, III consequence VI
which May was sent up to 921Ac, and at
the close it was bringing 1915 @92Hc.
Not more than $4,000 bushels December
was traded in. This, with the strength
Of December, was sufficient to advance
the price Of that delivery to S100M,
which was the closing price.
Corn acted much as it did yesterday
starting steady, then showing weakness
but finally turning strong. Most Of the
selling was by those who bought yester-
day. May ranged from 23Ac to 2S& q
2S7sc, closing 1sc higher, at 29A @29Mc
Oats for December were weak on
liquidation, and May. for the greater
part of the day acted weak in sympa-
thy. May ranged from 221ac to 221sG
22Hc, and closed &c higher at 221ac.
There was more outside trades in pro-
visions and the market continued TO adj
vance. Prices st the start were higher
| on the small hog receipts. Profit taking
| by scalpers caused most of the opening
| advance to disappear during thu fore
noon, but advancing wheat and corr
caused a more confident feeling later an(
prices again went UP. At the close May
| pork was 10c higher at $685.; May lart
! 715c higher st s4721a, and May ribs
| 71sc higher at 4.55.
Estimated receipts Friday: Wheat
| $50 cars; corn, 200 cars; cats, $50 cars;
| hogs, 25,C99 head.
| Associated Press Quotations:
| The leading futures ranged as follows: