Wheeling register. [volume] (Wheeling, W. Va.) 1878-1935, 1898-01-17
PRODUCE.

Chicago, January 15.-Wheat to-day
closed at an advance of about 1hc for
May. Trading was almost altogether
Of a scalping character and the firm
ness was the result Of an unexpected
advance at Liverpool. Other markets
dull and heavy, corn and oats closing
about sc lower each and provisions
lost 2h@7hc.
Wheat was surprisingly strong when
contrasted with the weak feeling that
prevailed at the close yesterday. First
transactions in May were at from 90asc
to 9O1sc, against 90Q90Ac the previous
afternoon, and in about half an hour
1t was able to be sold for second or
two at 9CAc. Calls for the day had
been sold at 90kc, but it was said most
Of those privileges had been bought up
by people who were short as safe
guard against the possible eccentrici-
ties OF so erratic market. The Liver
pool market closed from sd to I'D
higher than it did yesterday. This was
somewhat OF surprise to traders,
many OF whom had sold short yester
day In anticipation of decline here
to-day, and caused considerable cover
ing. The weeks shipments of wheat
and flour as reported by Bradstreet's
was o,13S,000 bushels, against 3,4S1,-
600 bushels the week before and 81
948,000 bushels the corresponding week
of 1897. That suggested total of per-
haps 100000 bushels from all sources,
but Beerbohm's estimated that the
worlds shipments for the week would
be-, Monday, about 100000 bushels.
The Minneapolis and Duluth receipts
were 1893 cars against 357 the CORE
spending day OF the previous week, and
294 year ago. Chicago receipts were
So cars, 13 Of which were contract
qality. The snow that was falling and
had already fallen was a reinsurance
regarding the promise for next crop.
Liverpool reported spot wheat weak
and I'd lower for California, with sell
ers Of Argentine wheat at Sd per quar-
ter lower than 1t was offered Friday
The closing continental cables showed
some recovery from the previous days
heavy decline and that tended to
strengthen the hands of the bulls
Paris showed a rise of so centimes in
January flour and 30 confines in
March-June, besides So confines in
January wheat and five confines in
wheat for the March-June term The
exports for the day were moderate at
100000 bushels.
Business was at no time very
heavy. While trading still continues
to be done chiefly for May delivery,
there is growing disposition to work
clear Of it and transfer speculative
dealings into July the proportion Of
trade in which is growing daily. After
the early advance in May to 90Ac the
offerings somewhat exceeded the de-
mand and the price sagged to between
903s and 901hc, but got good support
at that and closed at 901tc bid.
Business in corn was extremely aull
and merely Of scalping character.
The general tendency of the market
was downward, more from declining
much. Export demand was reported
good. May ranged from 29A to $3.50
29c, and closed nc lower at 29c.
Oats were duller, if possible. than
corn. There was some buying of May
supposed to- be against sales OF cash
oats. The market was inclined to cas-
mess throughout. Scalpers sold SPAR
fngly. May ranged from 23Ac to 255ac
and closed shade lower at 1880.
Provisions were dull and easier. The
hog market was f1rmer, which slightly
affected opening prices, but the market
evidently had not recovered from yes,
terdays heavy liquidation There was
moderate selling by commission houses
to-day. At the close May pork was SC
lower at $4.67k.
Estimated receipts Monady: Wheat,
n cars; corn, 275 cars; oats, 205 cars;
hogs, 40 900 head.
ASSOCIATED Press Quotations)
The leading futures ranged as follows: