Wheeling register. [volume] (Wheeling, W. Va.) 1878-1935, 1898-10-24
PRODUCE.

Chicago, October PA rather sem
sslional advance at Liverpool to-day,
IN face Of the weakness here yesterday
aid an excellent demand for cash grain
f.om Europe, advanced wheat sharply.
December closed 1@1Hc higher. Corn
gained A@1ac. Oats rose 1sc. Pork
lost SC. Lard 212c, and ribs &C.
An advance of 1%@2d in the price
OF wheat at Liverpool and no note
worthy decline in consols made a de-
cidedly strong and higher market for
wheat here at the opening. Sales for
December were 1W1Ac higher at
67z @68c, and there was a further
gain Of Nc shortly afterward Accom-
panying the early news from abroad
was New York report of large addi-
tional sales for export and further pur-
chases OF December futures by the ex-
porters. There were reports of flour
sales to Italy, the first on record, and
also that houses with Australian con-
nections were making inquiries for
-four. st. Louis, meanwhile, advised
that the bids from abroad on wheat
were &c per bushel higher than at the
close last night, and Minneapolis re-
ported the wheat stock on hand was
suiilcient for only a limited period of
grinding. Northwest receipts were
SS2 cars, which was considerably
llghter than last week as the result of
the recent rough weather. Chicago
received 1913 carloads against 1879 last
year. The primary receipts all told
showed liberal quantity of wheat re-
ceived, being 1885, 900 bushels, as COM
pared with 1,061,00 bushels a year
ago.. The exports for the day from the
leadlng Atlantic ports were equal to
$4,000 bushels wheat Under those
conditions shorts were forced to cover
and the fluctuations of December, the
greater portion OF the day were from
67A @68Ac. There was a liberal vol
ume of business done in the pit and
10000 bushels No. l northern wheat
was reported disposed of for export.
Near the end, the war scare lost some
of its influence when it was found that
continental markets were all lower and
British consols higher, and the price
CT December reacted to 67A @67asc,
which was the closing figure.
A good export demand with renewed
speculative buying melted by the
wheat strength and the foreign situa-
tion caused a strong feeling in corn.
Receipts were 1853 cars. December
opened Zee higher at 32@32Ac, weak
eped to 31sc; then advanced sharply
to 32as @32kc, caused by an attempt of
the shorts to even up all trades for the
week. There was considerable taking
of profits by longs during the closing
hour, and the price was forced off to
&c at the close.
The Improvement in wheat and corn
caused a general increase of specula-
ton in oats and a substantial advance
in prices resulted. There was a good
cash demand and 100000 bushels was
taken here for shipments. Traders that
sold yesterday, bought heavily to-day.
May started A@asc higher at 24A@
24asc, rose to 24Ssc and closed at 24hc.
Traders in provisions were bearish
on account of the amazing receipts of
hogs everywhere, and a sharp decline
in prices for the same. There was
only slight concession on the general
list, however, as the strength in grains
checked any concerted selling. Janu-
airy pork opened a shade lower at
SO 20, improved to SO 221a, declined to
SO Is, and firmed up to 50 TN sellers
at the close. The range in lard and
ribs was narrow
Estimated receipts for Monday are:
Wheat, 1875 cars; corn, 40 cars; oats,
22O cars; hogs, $4,000 head.
The leading futures ranged as follows: