Wheeling register. [volume] (Wheeling, W. Va.) 1878-1935, 1898-12-02
MINING STOCKS.
PRODUCE.

Chicago, December IAN almost
total absence of deliveries on December
wheat contracts and heavy clearances
| and seaboard engagements gave wheat
bulls to-day the incentive they have
been waiting for to boost prices. Com
pared with yesterday the final figures
show an advance of %@1c. Corn ad-
vanced 1s0Ac; oats closed shade
higher and provisions 21aW10c higher.
Opening trades in both December
and May wheat were at a substantial
advance, December starting 5sc higher
at 65B@66c, and May Zee higher at
66A @66ssc. AS to December the
strength was due principally to the
fact that deliveries were practically
nil, which removed a source of much
apprehension. Bulls in May had for
their comfort an entirely unexpected
show of strength by Liverpool, cables
reporting as@5sd advance at that mar
Ike before trading commenced here.
Another noticeable feature was the
smallness of the Liverpool stocks of
wheat, $3.50 bushels, a decrease OF
over $4,000 bushels for the week. This
indication of the hand to mouth policy
Of foreign traders and the fact that
Europe is greatly dependent on this
country for supplies reminded shorts
that an ugly situation would ensue
should northwest receipts drop Off
sharply at the close of navigation and
sent many of them to cover. North
west receipts to-day were 1,4O3. COM
pared with 1853 year ago. Chicago re-
ceipts to-day were 142 cars, 16 of con-
tract grade After the first few min
utes' trading the market became very
dull and prices dropped off somewhat
in consequence. December, in which
scarcely any trading was done, declined
to 655sc and May to 661s@66Ac. But
before II o'clock trading commenced
to broaden out under the influence of
some very bullish figures regarding
the foreign demand for American
wheat, and the latter part OF the SEES
sion was marked by more activity
than has been shown any time this
week. Atlantic port clearances of
wheat and flour footed up the enor-
nous total eff 1886, 900 bushels. Pri-
mary receipts were heavy also, 1,647,-
OGO bushels. but this fac was apparen-
ly ignored.
The seaboard reported seventy loads
taken for export, a feature of which
was heavy engagements for Adrlatic
ports, which Russia should be supply
ing. There was a steady demand from
shorts anxious to cover outstanding
contracts and good deal of outside
commission house buying. The market
continued to advance until about half
| an hour from the close, May getting up
to 67c and December to 661ac. At the
| top, however, selling which had been
scattered up to that time, because quite
heavy and some reaction occurred. The
close was firm, May at 6734c and De-
cember at 66@661sc.
| Corn was strong, though not par
ticularly active. There were no deliv-
cries on December contracts and that
and the strength of wheat gave the
market a firm opening and with the
exception of slight reaction soon al
ter caused by selling against calls, the
strength was maintained TO the end.
However, trading was not heavy
enough to cause much advance. The
seaboard reported seventy loads taken
| for export Cash sales here were put
! at $50 goo bushels. Receipts were 254
cars. May ranged 3AA 0342sc to 34%c
and closed 1s@Ac higher at 3412c.
Oats were firm but dull, the market
being without special incident. There
were no deliveries which helped prices.
There was some settings by longs, but
cash demand was good and prices held
well. Receipts were 1877 cars. May
ranged from 26%c to &c, and closed a
shade higher at 267sc.
| Provisions were fairly active and
strong. Hog receipts were again very
heavy, but traders paid very little at
tention to this. Packers sold freely the
| first hour, but the market absorbed all
offerings readily and at the close show
ed a substantial advance. There was a
| broader general trade. At the close
| January pork was 10c higher at s92711a,
January lard 10c higher at s5.15 and
January ribs 21a@5c higher at s4.671a
| @4.70.
Estimated receipts Friday: Wheat,
14O cars; corn. 435; oats, 235; hogs,
! $4,000 head.