Wheeling register. [volume] (Wheeling, W. Va.) 1878-1935, 1898-12-03
MINING STOCKS.
PRODUCE.

Chicago, December 2.-The result Of
an exceedingly dull days trading in
wheat was a decline CT nc in May and
nose in December. Corn and oats
each .ost about 1sc. Provisions closed
slightly lower.
The early news concerning wheat
rather tended TO curb the enthusiasm
of the bulls, who looked forward to an
other day of profit. May started a
shade higher at 66% @66Bc, but there
was plenty Of small fry sellers at
those figures and the price iTnmedl-
ately dropped to 665s@6634c, where it
hung for time.
In spite of the very substantial rise
yesterday, Liverpool was only slightly
higher at the opening, and all the adj
vance was lost before trading COM
menced here. Northwest receipts con-
tinued heavy, Minneapolis and Duluth
reporting 1868 cars, compared with l.
553 last week and 759 a year ago.
Chicago receipts were 40 cars, three
Of contract grade. Seaboard advices
reported only a very moderate busl-
ness. but yesterdays big engagements
served to steady the market in the face
of the early selling. When the scat
tered liquidation had ceased prices i'm
proved, May advancing to 67$sc. Sell
ing against calls" however, started it
ON the down grade again. After II
o'clock the market became excessively
dull, and until the end of the session
prices fluctuated in range as narrow
as that usually ruling in coarse grains.
Very little news of an influential char
acter was circulated, but the extreme
dullness was in itself against the
market and the tendency was in the
main downward. A midday weakness
in corn was the incentive for a little
selling, as was also some favorable Ar
gentine crop news. Primary receipts
were 1,2S4,000 bushels. Atlantic port
clearances of wheat and flour amount
ed to S97 900 bushels. Indications were
for an increase of one or two millions
in the visible. Very little was done in
December, but that option was much
weaker than May, so much SO, in fact,
that it influenced the latter option.
Leading commission houses were sell
ers toward the close. May declined to
663s@66hc, and closed at 661ac bid.
December opened at SEC, sold as high
as 66Ac. and declined to 651ac, where
it closed.
Corn was firm early but reacted and
closed weak. The seaboard reported
a big export demand, over 100 loads
sold, and on this account prices adj
vanced somewhat. But country adj
vices suggested a heavier movement
and cables were dull and lower. A
tendency to liquidate ultimately be-
came general, one firm alone letting
go over a million bushels. Receipts
were $50 cars. May ranged from 34A
to 34$.c and closed at &c lower at
343sc.
Oats seemed entirely dependent on
wheat and corn, and prices averaged
lower Business was very moderate
in volume and the price range narrow.
Leading longs were moderate sellers.
There was a good cash demand and
receipts were 307 cars. May ranged
from 265sc to &c, and closed B@Ac
lower at 265s @26&c.
Provisions were fairly active and
in the main steady though averaging
a little lower Hog receipts were
heavy and packers sold more freely,
which depressed prices early in the
session. The buying demand was good,
however, and more general. Provis-
ion stocks decreases which helped the
market. At the close January pork
was 21bc lower at $925; January lard
a shade lower at S5.121a @5.15, and
January ribs 21a@5c lower at S4.65.
Estimated receipts for Saturday:
Wheat, 1870 cars; corn, Ais cars; oats,
900 cars; hogs, $4,000 head.
The leading futures ranged as follows: