Wheeling register. [volume] (Wheeling, W. Va.) 1878-1935, 1898-12-09
PRODUCE.

Chicago, December 8.-Wheat, corn
and oats to-day joined hands in rum
ming down hill. the road being creased
by the lack OF foreign demand for
wheat, by the higher freight rates and
by the prospects of larger receipts Of
the coarse grains. Wheat closed at a
decline of &c for May and 1@11sc for
December. Corn declined 3s@1Rc, oats
Ne and provisions 21a@5c.
Wheat opened steady at unchanged
prices for May and shade higher for
December. Liverpool at the time trad
ing started here, had lost slight open
ing advance. but Northwest receipts
were considerably smaller than last
weeks, although still running over
those of last year. This for the time
heing held up the liquidation which
became so prominent, especially in De-
cember, later in the session, and gave
an appearance of firmness to the mar
ket. May opening at 655sc. was held
for 2 few moments at 655sM65s4c.
December opened at 64Ac, Minneapolis
and Duluth receipts were 918 cars COM
pared with 1868 last week and SIS a
year ago. Chicago receipts were 142
cars. seven of contract grade. North
western markets showed steadiness,
but New York developed weakness
soon after the opening here, and this
was taken as an indication Of discour-
aging advices from abroad. That this
supDosition was correct. was appar-
emily known by the very moderate ex-
port demand reDorted later. Longs got
discouraged and soon there was plenty
of wheat for sale from every direction,
December suffered the most. liuuida
ton in that option taking 1t to a dis
count Of two cents under May at one
time. The selling of December at
times was very heavy. Atlantic port
exports of wheat and -four were large,
1270, 900 bushels, and this fact steadied
the market after May had declined to
65h@65Ac and December to 635sc. But
there were plenty of other bearish in
fluences, not the least being the weak
ness shown by coarse grains and after
the noon hour the market turned weak
again. Foreign crop reports were all
favorable and winter wheat in this
country was reported in promising con-
dition. Foreign markets were gener-
ally weak at the close. The export
sales were placed at the seaboard at
from 20 to 80 loads and the cash de-
mand was slow.
In the last hour of trading a good
deal of wheat was sold on top loss Or
ders and buying was very scattered to-
ward the close. May declined to 647sc
and closed at that price. December de-
clined to 63c and closed at 631sc.
Corn showed a little strength at the
start, continued light receipts during
favorable shipping weather having
bullish effect But the market very
soon turned weak and remained so to
the close. The recent agreement to re-
store east-bound rates tended to de-
press prices. The lightness of the cash
demand was also bearish factor. Dur
ing the latter part of the session selling
became very high and general, lead
ing bulls being prominent in the liqui-
dation. Country advices stated that
new corn would soon move most freely.
Receipts were 253 cars. May ranged
from 1880 to 34%c, closed 3s@1ac
lower at SAGE.
Oats were weak and lower. The
amount of business done was small and
nothing of Importance developed, the
weakness being apparently altogether
in sympathy with corn. The cash mar
ket was steady and 100000 bushels
were sold here for shipment east. Re
ceipts were SOC cars. May ranged from
25A @25Kc to 26Ac and closed &c
lower at 25Bc.
Provisions had another heavy run
.of. hogs to contend with, but held re-
markedly steady, Notwithstanding.
The market was strong during the
morning. there being good local sup
port. while outside buying orders were
much more numerous. Realizing and
more liberal selling by packers caused
prices to decline later, but the market
at no time showed weakness. At the
close May pork was 21ac lower at
So. 40, May lard sc lower at s3.521a and
May ribs 21ac lower at s4721a.
Estimated receipts Friday: Wheat,
145 cars: oats. 80 cars; corn, 800 cars;
hogs, $1,000 head.
The leading futures ranged as follows:
Articles Open High Low Close
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