Wheeling register. [volume] (Wheeling, W. Va.) 1878-1935, 1898-11-29
MINING STOCKS.
PRODUCE.

Chicago, November 2S.-Russia's
small contribution to last weeks
world S shipments turned d weak wheat
market into strong one to-day and re-
suited in a recovery CT an early loss
and an advance of "A Q1sc besides. "A
feature of trading was the heavy De-
cember liquidation. Corn and oats
were strong on the cash situation and
prospects of softer weather and ad
vanced about &c each. Provisions
closed unchanged.
The early tendency of wheat was
toward higher prizes. Holders of De-
cember and May wheat who were dis-
posed to continue the liquidation That
made such a weak market Saturday
were deferred from selling at first by
the firmness shown by Liverpool, where
an opening 3s@1ac decline was more
than recovered by the time tradiag
commenced here Liverpool stocks were
reported to-day at only 100000 bushels,
showing a reduction for the week of
$50 900 bushels and to this small
amount of available wheat was attrib
uted the strength of the English mar
ket. Northwest receipts were 1888
cars compared with 2,O01 last week and
l LAB a year ago. Chicago receipts were
only 147 cars, 81 of contract Grade. But
after a short period Of syeadineSs dur
ing which time the smaller shorts COW
cred moderately, the market weakened
and for over an hour The tendency was
distinctly downward. December devel-
oped the most weakness at one time
selling at nc discount under May.
Every trader with December s"long"
wheat on his hands appeared to be anX-
ious to 1iuudate in advance Of the reg
ular delivery day and he pressure
from this source was altogether too
heavy for the limited demand to cone
with. For this reason The market be-
came really weaker than appeared war
ranted by the situation. Outside sell
ing was quite prominent during this
period of liquidation. st. Louis holders
putting large quantities of wheat on the
market. May opened Nc higler at
66H666Hc and finally declined to
653zc. the low noint Of the day, De-
cemher started &c higher at SIS = 666c.
It sold at 661kc for a moment or two,
then slowly slid of to 65lc. About
1890 the market began to improve.
Primary receipts were verv heavy and
the visible increase, ! ,977, 600 bushels
was considerably more than expected.
But there was a good export demand,
about So loads being disposed Of at the
seaboard and 2500G0 bushels here.
This drew attention to the worlds
SHIPMENTS figures which AGAIN showed
a big falling Of from Russian ports
Out Of a total Of 1871 coo bushels
Skinned from all points to EUrone,
Russia contributed but $4,000 bush
els. while Canada and the United
states sent 1925 200 bushels It was
figured that Russia had not raised so
large q crop as claimed or has resolved
TO hold it for higher prices. Either
exclamation was hullish and had con-
siderable influence on the market.
Liquidation gradually ceased and the
demand from shorts grew heavier. The
market during the last hours trading
was decidedly strong, prices advancing
steadily under an increasing general
demand, the highest prices were reach
ed shortly before the close. Nav ad-
vanced to G6ssc and closed at $3.50
e6ssc: December advanced to seize and
closed at 661k 066Ac
Corn developed a good deal of
strenth. holding firm even when wheat
was in the dumps. Local bulls in-
creased their lines and shorts covered
actively. Prosnect of softer weather
was bull influence. Receipts were
verv light IT'S cars, and the seaboard
and local demand excellent. sales here
being put at 100000 bushels. The mar
ket increased in strength as the ses-
sion advanced and highest prices pre-
vailed At the close. MAY ranged from
1875 0341ac, and closed at 5sG%c high
er at 341ac.
Oats were strong and scored a sharp
advance Quite large business was
done, interests which sold last week
being prominent buyers. The strength
was mostly in sympathy with wheat
! and corn. Receipts were light. 1919
cars. Cash demand was excellent, 100,