Wheeling register. [volume] (Wheeling, W. Va.) 1878-1935, 1898-11-28
PRODUCE.

Chicago, November 26-Liquidation
OF December wheat was the feature on
change to-day. The December prem
ium entirely disappeared and the OPP
ton closed A@3sc under May. Weak
cables and heavy northwest receipts
were factors. Compared with yester-
days figures, December closed no
NC lower and May as@1ac lower.
Corn declined $5@12c, oats &c, and
provisions about sc.
Wheat opened at about Fridays clos
ing prices, May starting at 663s @66hc
and December at $3.50. There was no
apparent reason for the steadiness, and
after about half an hours dull trading
at about the opening prices the market
weakened perceptibly, December sell
ing off to 663s 0661ac and May to 66H
65asc. These prices marked the bottom
of the decline for the time being. De-
cember even recovered a trife, advanc-
ing to 665sc, but it was evidently hard
work to maintain prices. There was
no encouragement to holders in the
early news. Liverpool, although I'M
changed for spot wheat, was h0Hd
lower for futures. Northwest receipts
were heavy enough to influence the
market, Minneapolis and Duluth re-
porting 1,400 cars, compared with ,495
last week and 927 year ago. Chicago
receipts were 25S cars, SO of contract
grade. Total primary receipts were
very heavy, 1,752,000 bushels New
York reported no export demand early
but later so loads were reported taken.
Bradstreet's put the weeks shipments
of wheat and -four at 5.679 900 bush
els. From the start there was a good
deal of December liquidation. and hold
eTs of May, becoming somewhat alarm
ed at the continued dumping of De-
cember on the market which became
quite heavy when northwest markets
developed weakness, also threw over
moard part of their holdings. Weak
ness of the c0arce grain markets was
an additional incentive to sell and at
times there appeared to be no short in
terest in the market for December at
least. Toward the close December
holders apparently became somewhat
demOralized and May, though given
fair support, was dragged down by the
quick decline of the nearby future.
Some recovery took place from bottom
figures but the market was very weak
at the finish, May closing at 65B 066c
and December at 65s 065%c
Corn was relatively as weak as
wheat Cold weather was the chief
bearish factor. Some important lines
of long corn were sold out and short
selling was prominent The market
received some support when weekly
re- n1nI nCh InTYN n
was hardly so good as heretofore.
Clearances were moderate and receipts
were light, 362 cars. May ranged from
$685. @33%c to 341s @34Ac, and closed
3s@hc lower at 33% 0337sc.
Oats were weak with wheat and
corn. There was general liquidation
on the part of longs and prices went
steadily downward. Cash demand was
less urgent, but prices were steady.
Receipts were 273 cars. May ranged
from 26c to 2615c, and closed sc lower
at 26c
The break in grain markets and I'M
expectedly heavy receipts of hogs ex-
erted q depressing influence on provis-
ions and prices were a little lower all
around. Trading was not very heavy.
Packe did most of the selling and
local shorts were prominent in the buy
ing At the close January pork was sc
lower at s9.05; January lard 5@71ac
lower at $4.95. and January ribs sc low
err at S457h.
Estimated receipts Monday: Wheat,
$50 cars; corn, 215 cars; oats, 1875 cars;
hogs, $4,000 head.
The leading futures ranged as follows:
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