Wheeling register. [volume] (Wheeling, W. Va.) 1878-1935, 1898-11-15
LINING STOCKS
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PRODUCE.

Chicago, November 1.-THE features
OF to-day's trading on Change was the
strength an activity of December
wheat, that option closing at an ad-
vance of 7s@1c and zee over the May
price Talk OF an oversold December
market, mostly from the seaboard,
heavy export sales here and small con-
tract stocks caused a scramble among
shorts. May closed Nc higher
Corn and Oats show a shade advance.
Provisions declined 5@712c.
Opening trades in wheat showed an
Der and May December closed Sat
urday at 65 Bc, started to-day at 663s
q 661ac, while May opened at $3.50
665sc. These prices prevailed for some
little time. Nearly 100000 bushels
wheat was taken here for export late
Saturday and an additional 10000
bushels was reported sold early to-day
for the same purpose, the fact that con-
tract stocks here were less than 700,-
600 bushels, made local shorts, especial
ly in December, rather anxious and
trading which for some time has been
exceedingly dull became very active in
consequence. To add to the uneasi-
ness, there was continued talk to the
effect that the December market had
been considerably oversOld at the sea-
board with rumOrs of a possible
squeeze Liverpool was strong and UP
X01Ac and this had some effect on
trading, but not so much as it would
had it not been that liverpool was al
most alone in the foreign strength.
Northwest receipts were heavy, Min
neapolis and Duluth reporting 1886
cars compared with 1879 last week,
and 1866 a year ago. Chicago receipts
40 cars, % of which were contract
grade. The visible increase was 2,184,-
coo bushels and this was factor in
the reaction that took place after the
first hours trading. There was a good
deal Of realizing on wheat showing
good profits and holders OF calls sold
against them. This relieved the pres
sure, May easing off to 66Hc and De-
cember to the same price. The latter
month was too much in demand for any
permanent downward movement, how
ever. Renewed buying by anxious
shorts soon started the price toward a
higher level and for a time December
sold at 3s@1Ac premium over May.
New York made claims of as high as
125 boat loads taken for export, but
the most reliable information put the
engag cement at 65 loads. The market
became very strong toward the close.
All classes Of buyers came in, putting
the price of December up to 81 and
May to 663Bc, before holders let go of
enough to satisfy their demands. De-
cember closed strong at 66A @66sc
and May at 66$5c.
Corn was slow with a narrow range
of prices and closed with but little
change. The market was barely
steady, considering the higher cables,
the strength of wheat and a good ex-
port demand. Weather was favorable
for movement Of corn. Receipts were
light, 46S cars. May ranged from 337sc
to 335sc, and closed a shade higher at
$685. 033&c.
Cats were firm al little over Satur-
days figures. The market was quite
dull most of the time though there
were some influential selling which was
well taken care of. Cash demand was
good. The strength of wheat was the
main factor. Receipts were so cars.
May ranged from 247sc to 245s O2434c
and closed shade higher at 24$c
Provisions were dull and heavy.
Both cash and speculative demands
were limited as there was some selling
pressure, chiefly from packers, prices
yielded little. Hog prices were low
er. At the close January pork was sc
lower at IS S7ik; January lard 71ac
lower at 81 S71Ac and January ribs sc
lower at 81 521ac.
Estimated receipts Tuesday:
Wheat, 450 cars; Corn 200 cars; Oats,
275 cars; Hogs, $4,000 head
The leading futures ranged as follows:
Articles. tOpenl High Low Close
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