Wheeling register. [volume] (Wheeling, W. Va.) 1878-1935, 1898-11-26

olobSd kc 1o2er 0afs are SHADE
lower. Provisions declined 23k Qbc.
For & few brief moments following
the opening, wheat made showing Of
strength somewhat surprising IN view
of the weakness shown by foreign mar
kets Liverpool advised decline OF
I'D before business started here, and
London reported English and foreign
wheat difficult of sale at cd decline.
The cash situation, however, apparent
" overshadowed foreign ,akness for
the time being. A reported sale OF
650,000 bushels cash wheat at st. Louis
for immediate shipment, an amount
one-half of the toal available supply at
that point, caused moderate amount
of covering by the small fry, and IN
the absence OF any particular Selling
pressure the opening prices were MAIN
tanned for a short time. May started
A@Ac higher at 66A @667sc, Deem
Der opening unchanged at 671aQ679sc.
But the market soon turned weak.
Perhaps the biggest factor in trading
was the figures on the Argentine ex-
portable surplus. They were widely at
variance, London cables giving the esti-
mates at from 100000 to 266,000,000
bushels. But even the lower of these
amounts was far in excess of last
years exports, and this fact had its
effect. Northwest receipts were 1,463
cars, compared with 1525 last week
and 1,542 a year ago. Chicago receipts
were 1871 cars, two of contract grade.
Though showing some falling off, the
receipts were heavy enough to suggest
that the hindrance to country ship
ments caused by the late storms had
been about overcome. Up to about IL
O'Clock trade was very depressed. The
biggert traders favored the bear side,
and their selling, though not particu-
larly heavy, was influential in CAUSING
scattered liquidation by the crowd and
in contracting the buying demand. De-
cember developed the most weakness,
selling off to SIC, May declining to 66as
N6e1Ac. The market showed siens Of
recovery for time following that de-
cline. There was large cash business
done here, 100000 bushels being report
ed taken, though 100000 bushels was
all that could be definitely confirmed,
and the seaboard claimed ei--hty loads
taken for export. This stopped the
LIQUIDATION in a degree and encouraged
buyers, prices recovering to 671s0
67Nc for December and to 67M T67%c
for May. But in the last half hours
trading support was almost totally
withdrawn from the market, although
nothing new of bearish nature de-
veloped and prices slowly declined.
Final prices were near the bottom, De-
cember closing at 667sc and May at
6Gas O661hs.
Corn was weak during the greater
part of rather a dull session. Local
bulls did considerable liquidation in the
evpectotion of large movement in the
immediate future. Staadier cables
helped the market at the start. The
seaboard reported 60 loads taken for
export. and good local cash business
was done Receipts. 225 cars. My
RANGED from 341kc to 341hc and closed
&c lower at 34Hc. Oats We're extreme
" dull but rather firm. considering the
weakness of other grain markets. Of
ferings were very light. The cut in
frnipht rites were factor. enabling
SINNERS to keep oats moving east. Re-
CENTS. 1873 cars Cash and evn0rt de-
r7and were good. Nav ranged from
2G1hc TO 261bc and closed a shade lower
at 9esbc.
Provisions dull and ? shade lower,
rnngf1v in svnnnthv with corn. There
was some outside buving hit packers
offered oil the market could absorb.
Fnavv receints are expected next week.
and this had its effect The crowd was
dirnoeed to sell on every slight rallv.
Cash demand was good. At the close
January norl wae 81 lower at 60 ~:
January lard 21G75c lower at eA .00M
: n'1h, and January ribs SC lower at
s515.
Estimated receipts Saturday:
Wheat. 9on cars: corn 270 cars: oats,
235 cars: hogs. 10000 head.
The leading futures ranged as follows: