Wheeling register. [volume] (Wheeling, W. Va.) 1878-1935, 1898-08-26
PRODUCE.

Chicago, August 25.-Shorts took re-
newed alarm to-day at the continued
meagre receipts. After an early de-
cline September closed 5s@A cent
higher and December gained u. Corn
rose B@Ae. Oats are 1sc lower.
Pork and lard declined 21a cent each.
Ribs advanced 21a c.
Lower Liverpool cables, showing
liberal receipts in the northwest and
the weak sentiment carried over from
yesterday started wheat lower. Sep
TENDER which closed last night with
buyers 631sc, started with sellers at
from 627sc down to 621ac. Not much
could be secured at the lower figures,
nor could much be disposed of at the
higher just then but the market soon
improved and advanced to shade
above the price at the close on Wednes-
day, reaching 63B@63Ac about an
hour after the start
The chief reason for the recovery
from opening bearishness was one of
long standing. The shorts for Sep
TENDER delivery gave further express
sion tc their nervousness concerning
the very small quantity in sight that
was available for delivery on their con-
Il OiliCdSO icCCiNCQ 1oV NoIo SOlA-
pared with 285 the previous year; but
only Is carloads were of contract
grade. The northwestern receipts
numbered 497 cars against 1856 the cor
responding day of the year before.
The trading in September was much
smaller than IN December, with indi-
cations that the open interest in Sep
TENDER had been reduced to quite a
slender proportions. Shorts in Sep
TENDER, however, continued to take the
offerings on ell soft lots and at times
were anxious enough to pay the sellers
their asking price. The general re-
suit was that September rules strong
after the first five minutes and latterly
at some Improvement on yesterdays
closing value. December, however, did
not advance corespondingly although
it recovered half the decline. A strong
cash market at Duluth was an addi-
tional buliish feature near the end and
the best prices here were made near
the close. The aggregate of receipts at
western primary markets was S37, 1000
bushels compared with $4,000 bushels
a year ago. Atlantic exports clear
cargoes of wheat and -four were equal
to 540,CcC bushels. September opened
4 @5sc lower at 6212 G627sc. rose to
$3.50 and closed at 6334 @637sc; De-
cember started A@3sc down at 611s@
612ac, up to 61Bc and off at 61s4 q
61%c
Corn started weak but turned around
when wheat showed in the lead in an
upward direction. Crop reports were
generally of a bullish tenor, but there
were others that mentioned the crop
prospects in a most favorable way.
The inquiry from the seaboard was
coed and cash corn was worth small
premium over September for shipping
lots September opened AZ lower at
from 2916 0293sc. 1t rose to 29Bc;
dropped back to 295sc and from that it
rallied to 39c, the closing price.
Oats we're active and prices held fair
ly well. Trading was of an individual
character and centered chiefly in the
May option September opened I'M
changed to &c lower at 1890, weaken
ed to 19lh@195sc, advanced to 1870,
then settled back to 1890, the closing
price.
Provisions were dull and a shade
easier. The speculative business was
to some extent transferring of Sep
TENDER trades to later deliveries Com
mission houses were the sellers early
in the day and shorts covered. Eng
lish packers bought moderately Of lard
and ribs. September pork opened &C
lower at So SIS, declined to So S212,
firmed up to So 80, then reacted to
So 871s at the close. The range in lard
and ribs was small.
Estimated receipts for tomorrow:
Wheat. 200 cars: corn, 500; oats, 4lO;
hogs. 10000 head
The leading futures ranged as follows: