Wheeling register. [volume] (Wheeling, W. Va.) 1878-1935, 1898-11-18
PRODUCE.

day was very strong up to within nail
an hour of the close, when it turned
weak and closed at trii1ing decline.
The advance was largely in the nature
of scare among December shorts, but
the local nature of the strength was
ultimately impressed on traders.
Corn and oats ~ere strong and closed
h@Hc higher. Provisions closed a
shade under yesterdays final figures.
Opening trades in wheat showed
slight chans Is either way from yester-
days closing prices, May starting
shade lower at &C and December 18c
higher at 66A @66Bc. The market at
once developed considerable firmness.
December again took the lead IN this
respect, although the volume OF trading
was greater in May, it being difficult
at times to secure December, as few
operators cared to put out fresh short
lines. The general demand for both
December, coupled with the strength
shown at Liverpool and yesterdays
large export business, alarmed the
shorts and for half an hour or more the
market was very active. May advanc-
ed during this time to $3.50 and De-
ceInber to 671a GD67$sc. London re-
ported more inquiry for off-coast and
on passage cargoes, which had its eff
feet on the strained local situation.
Some reaction then followed. The adj
yances rought out considerable mheat
showing good profits. 1t was all quick
ly taken, but prices dropped to &c for
May and &c for December. Northwest
receipts to-day were heavy, Minneapo-
lis and Duluth reporting 1,4l0 cars,
compared with 1,025 last week and 91S
year ago. Chicago receipas were 261
cars, 10 of contract grade. Total pri-
mary receipts were 1,445, 600 bushels
Atlantic port clearances OF wheat and
flour amounted to 900 bushels.
Milwaukee reported that Armour was
preparing to ship 100000 bushels north
ern spring wheat from that point to
Chicago During the middle of the
session the market was quite nervous
and prices moved up and down rapidly
December shorts were evidently still
very apprehensive of trouble on &C
count Of the comparatively small
stocks and the freedom with which
wheat is going out of the country, and
that option became so prOnouncediy
bullish that May caught some of the
same spirit. Before 1890 o'clock De-
cember had advanced to size and May
OF 66% 066hc. In the last As minutes
trading, however, the market expert
enced a desided reversal. Outside
markets. IS a rule, failed to respond
to the advance here. Realizing also be-
came very heavy, more wheat being
offered than the market could readily
absorb, and prices in consequence drop
ped rapidly. December closed at 6512
0665sc and May at 65%c.
Corn was very active and strong, but
did not maintain best prices. Country
advices were bullish and the price cur
rent claimed the recent government
crop report unreliable and inconsistent.
Cash demand was good both here and
at the seaboard. Buving was quite
heavy until late in the session, but
the closing weakness of wheat affected
prices somewhat. Receipts were 224
cars. May ranged from $3.50 to SIC,
end closed b0Ac higher at $3.50
33%c.
Oats were firm and higher and quite
a GOOD general trade was done. Out
siders were in the market in increased
numbers Cash demand was again eX-
cellent. Shorts were large buyers. To-
ward the close the market weakened
materially and nearly all the advance
was lost Receipts were 224 cars. May
ranged from 251AN25Hc to 255s025%c
and closed &c higher at 253sc
Trade in provisions was very small.
The market in the main was steady,
though having intervals of weakness,
due partly to the bad hog market.
Prices were influenced by the auctua-
tions in g~oin. At the close January
nork was 21kc lower at $500; January
lard shaae lower at 81 90T4Q2M. and
January ribs a shade lower at s4.521A.
ESTIMATED receiDts for Friday:
Wheat, 175 cars: oats, 205 cars; corn,
800 cars; hogs, $4,000 head.
The leading futures ranged as follows: