Wheeling register. [volume] (Wheeling, W. Va.) 1878-1935, 1898-12-23

"a q - sstS 4441 ON CQauge and
81 tne ena Ct an unusually active ~
~ showed an advance 0z "a, the
PRICE being The highest To many
mo- - wet weather, strong cables
and al xcellent foreign demand caus-
ed heavy puyipg. Wheat was infiu-
enced good deal by corn but heavy
realizing prevented any advance, the
market closing 1sc hover. Oats adj
vanced 1sc. ProvisionsS were very
strong and closed 5@20c higher.
The opening in wheat was a shade
under yesterdays closing price, May
starting at 67A @673sc. 1t sold al
most Immediately at 671sc. Yester-
days sharp advance caused good deal
of profit taking. The demand both
from local traders and from the out
side was unusually good, however, and
offerings were soon absorbed. The
demand continuing good, prices ad-
vanced steadily, May reaching 6SAc.
Commission houses were heavy buyers
in liquidating a broadening interest in
the market. But perfect food of
selling was caused by the advance.
Offerings were so heavy that the large
demand was insufficient to prevent a
break and the price fell to 6S1sc al
most as fast as it previously had risen.
For some time following the decline
the market showed considerable nerv-
BUSINESS and prices fuctuated rapidly.
Trade in the meantime also slackened
Before noon another sharp advance
took place, influenced partly by the
firmness in corn and partly by strong
continental cables, accompanied oy re-
of hattnT Gnn1ana in
kets. The advance carried the May
price up to 68sc. At that figure longs
fairly tumbled over themselves in
eagerness to realize, and the price
dropped swiftly to 6S@6S1sc. Prices
changed a great deal during the latter
part of the session but in a narrower
range, and at the close May was offer
ed at 6SAc Northwest receipts were
1853 cars, compared with 707 last week
and 407 cars a year ago. Chicago re-
celpts We're IA cars, eight OF contract
grade Atlantic port clearances
amounted to 200 bushels.
Corn was strong all day in spite of
heavy realizing by local holders. The
market was over calls and had to alb
sOrb the selling against those privi-
leges also, but everything offered was
snapped at. Trading was exceedingly
active from the start. The country
was heavy buyer, taking most of the
corn offered by local bulls Cables
were strong and higher and receipts
were light, 1868 cars. Cash business
was small owing to the inability of
shippers to get cars. The unfavorab bic
weather was a distinct help to the
market. Export sales were placed at
50 loads. May ranged from 365s 036% C
to 37as@371ac, and closed &c higher
at 37@371sc.
Oats were very quiet compared with
other markets, speculation dragging at
times. The country was the chief
seller, local bulls doing the most buy
ing. Sympathy with corn was the
principal nf1uence.~>Prices were a lit
tie higher most of the Session and the
market closed firm. Receipts were 294
cars. The cash business was restrict
ed by the car famine. May ranged
from 26Bc to 27Ac, and closed 1sc
higher at 2S1sc.
Provisions were active and strong
Light hog receipts and stronger yard
prices with the tirmness of grain mar
kets were the factors. The demand for
all products both from local specula-
tors and the outside was very good and
liberal offerings were readily absorbed,
the market advancing steadily and
closing strong. At the close May pork
was 171a020c higher at $9.9009.921a;
May lard 71A@10c higher at S5.4213;
May ribs sc higher at $3.50.
Estimated receipts for Friday:
Wheat, 1877 cars; corn, 465 cars; oats,
232 cars; hogs, $4,000 head.
The leading futures ranged as follows: