Wheeling register. [volume] (Wheeling, W. Va.) 1878-1935, 1898-11-19
PRODUCE.

chicago, November 1S.-NoWs affect
ing wheat to-day was heavily against
the bulls but bears were apparently too
timid under existing local conditions to
press the advantage and the result was
fairly steady market. Closing prices
show substantially no change from
yesterday. Corn, oats and provisions
ruled firm and each closed at a shade
better price. A rather weak tone was
shown by wheat at the opening. Hold
ers of wheat could find very little en-
couraging news. Reports from Liver
pool received before the opening here
showed that sold decline. Receipts
at Minneapolis and Duluth footed up
1,525 cars, compared with 1,340 last
week, and 1.226 year ago. Argentine
crop reports were very favorable and
cutting was expec cd to be general in
northern provinces by December Is.
Some seaboard houses reported a fair
demand, but others reported no in
quiry whatever Mark Lane wheat
showed a decline of Cd per quarter
since Wednesday. The smallness of
the opening decline in the face of this
was somewhat surprising. December
started H@ssc lower at 66Ac, and May
40 nc lower at 65M 0G5&c. The SELL
ing pressure was not very heavy and
moderate buying demand, mostly
from professionals, caused prices to
slowly advance, May getting up to Sec
and December $3.50. For two hours
afterward the market was dull and in
the main fairly steady. The reports
from New York that 26 loads had been
coll fa oh T4o1, A1,ot
there was more demand from the Unit
ed Kingdom deferred short selling.
Chicago received 153 cars, 20 of con-
tract grade. Primary receipts were
close to 100000 bushels, or about
$50, 900 bushels more than a year ago.
Atlantic pert clearances of wheat and
-four amounted to $4,000 bushels. An
increase of about 100000 bushels in
the visible was looked for The mar
ket became quiet and firm for a time
after II o'clock. Orders from the out
side either to buy or sell were few and
far between, but local traders were
rather inclined to favor the buying side
especially as regards December and
prices gradually worked I'D. Half an
hour from the close December was
bringing 665sc and May 66Kc. The
strength was augmented by reports
from New York that rs to 80 boat loads
had been taken for export. But neither
the New York nor northwestern mar
llets were affected by this. The lack
of local cash demand apparent all day,
began to be appreciated also and the
bottom apparently dropped out, De-
cember declining to e61Ac and May to
653bc. The sudden break, however,
brought in plenty of buyers and in the
last few minutes trading prices ad-
vanced as rapidly as they had declined
MAY closed at 6575 @66c, and December
at 661a 6665sc.
Corn was fairly active. The market
sold off little at first on the weak
cables and in sympathy with wheat
but soon became steady ard remained
so for the rest of the session. Local
operators were buyers. The demand
was fair but business was curtailed by
higher vessel rates. Receipts were
252 cars. Country reports were bull
ish, demand from feeders and distillers
being excellent December was active
ly stronger than May. May ranged
from 33h@335sc to 1880, and closed
shade higher at 33%c
Oats were little higher but not
especially active. The firmness of
corn helped oats. There was a good
shipping demand. Receipts were 227
cars. Recent buyers were sellers in a
small way to take profits. May ranged
from 24Hc to 255sc, and closed a shade
higher at 25as@25hc. The market for
provisions with the exception of few
minutes weakness around the opening
due to sympathy with grain, was firm
but decidedly dull. Operations were
confined almost entirely to scalners,
packers doing very little and price fluc-
tuatious were narrow. Cash demand
was fair and meat shipments large,
which helped the speculative market.
At the close January pork was Sc
higher at $685.: January lard PIC
higher at s492MMA95. and January
ribs unchanged at S425b.
Estimated receipts for Saturday:
Wheat, 225 cars; corn, PIT cars; oats,
175 cars; hogs, 10000 head.
The leading futures ranged as follows:
Articles. Open High Low Close