Wheeling register. [volume] (Wheeling, W. Va.) 1878-1935, 1898-11-17
PRODUCE.

Chicago, November 16.-In the face
of much bearish news wheat to-day
held remarkably steady, especially the
December delivery. The latter closed
at an advance Of A@3sc. May de-
clined 1sc. Shorts were uneasy and
covered freely. Corn advanced &c,
cats 1ac and provisions closed 5@712c
higher.
Wheat opened at from asc to 1ac
lower, December starting at 6518 U66c,
and May at 655s @65Ac. Liverpool
had declined from ga to 55d before
trading on this side began, and the
2:45 p. N. quotation from Liverpool
increased the loss to from sd to sd
for December and March respectively.
First transactions here brought the
prices of December and May down 10
the level where holders OF put could
operate with safety. The buying
against those privileges caused the
market to assume an appearance OF
firmneSs at the decline and moderate
reaction took place, December getting
up to 661s @G6Ac and May to 65HSc.
Besides the weakness of Liverpool, the
bear side of the market was encour-
aged by declines at Antwerp and Paris,
an almost total lack of foreign demand
and heavy northwest receipts. Min
neapolis and Duluth reports 1893 cars
compared with 1853 year ago. Chi
cago receipts were 1874 cars, six of con-
tract grade The seaboard was very
prolific in bear news, and it had a
god deal of effect on prices which be-
gan to sag again as soon as the buying
against puts let up. Russian wheat,
according to Liverpool, was offered
cheaper and Argentine offerings show
ed ar increase. Some export business
developed later, New York reporting
about fifty loads taken, but this was a
great falling off from the heavy en-
gagements Of the past week or so.
Prir " receipts were enormous, the
total eng put at 100000 bushels, or
665, 00G bushels more than a year ago.
Notwithstanding this the market de-
clined very slowly. December reached
6578c and May 65Ac before noon.
Those were the lowest prices of the
day. Shorts, especially in December
were evidently apprehensive of the sit
uation and took advantage of every dip
in prices to cover their lines In the
last hours trading rumors of the TAX
ing of 100000 bushels for shipment i'm
parted additional firmness to the mar
ket and prices advanced steadily. The
market became decidedly active and
firm toward the close, shorts coming
in freely and bidding prices up rapidly.
December advanced to 66%c and clos
ed at 663s 066%c. May closed at 657s
066c
Corn, though starting in weak, soon
rallied and for the rest of the session
was strong. Gables were lower but
there was an excellent cash demand
here and liberal export sales at the
seaboard. The market was helped a
good deal by the strength of oats. Re-
ceipts were 222 cars. May ranged from
221E03356c to 330331sc, ard closed
&c higher at 331ac.
Oats were relatively stronger than
the other grain markets and large
business was done, cash demand was
good and offerings were light. Shorts
covered On a large scale and infiu-
entail local operators who have been
selling recently bought heavily. The
market was very active and strong
near the close. Receipts were POI cars.
May ranged from 25Hc to 245s024Ac,
and closed 1ac higher at 25Hc. De
cember advanced about PC, closing at
24&c.
Provisions in spite of the dullness
which was marked throughout were
strong with the exception of few
minutes after the opening. The mar
ket was helped by the rallying rain
which drove shorts in. Offerings were
limited and prices advanced easily.
January pork closed TIC higher at
SS92h; January lard 715c higher at
s4921a, and January ribs sc higher
at $4.521a@4.55.
Estimated receipts for Thursday:
Wheat, 1926 cars; corn, $50 cars; oats,
$50 cars; hogs, 10000 head.
The leading futures ranged IS follows:
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