Wheeling register. [volume] (Wheeling, W. Va.) 1878-1935, 1898-02-04
PRODUCE.

| From the private WIRE OF T. o. NJ. Davis
& Co. Local Brokers, Exchange Bank
Building.
| Chicago, February 3-Weakness in
wheat and strength in the coarse
grains and provisions were the distin-
gushing characteristics of trading on
Change to-day. Weak cables and
heavy northwest receipts were fea-
lures in the wheat weakness, which
was relieved occasionally by rallies
brought about by Letter support. May
closed at 5s@&c decline. Provisions
strong on all hog receipts and ad-
vanced 21A@121ac. Corn closed 40
&c net higher and oats nc higher.
Weakness was apparent in wheat
from the start. May opened A@asc
lower at 951sc, and in the course of
the next hour had got down to 95@b.
Liverpool started the decline The
market opened weak at ed decline for
! futures, and at 1880 p. m. showed a
further I'd loss. There were other
bearish news in abundance. North
west receipts showed a sudden in
crease, Minneapolis and Duluth report
ing 403 cars against 2S4 last week and
zol year ago. Chicago receipts were
As cars. A Buenos Ayres cable said
the crop in the Santa Fe district of
Argentine was immense and of fine
quality. Primary receipts were almost
double those of last year. the total be-
ing 5000 bushels against $4,000
year ago. About II o'clock there was
an improvement in the market. The
decline was stopped by buying against
twill x,rL34
on the late Wednesday curb, though
there was no such rebound as was
looked for. May advanced to 94Ac,
where it held for a short time and then
commenced to sag again. About noon
the market again developed strength.
Short selling had become too popular
and the market had become somewhat
oversold in consequence. Brokers for
the Letter crowd appeared in the pit,
and their buying started an advance
that carried the price in few min
utes to 95bc. The corn market be-
came very strong ABOUT that time and
lent it's influence, as did the Atlantic
port clearances, which amounted to the
liberal total of $4,000 bushels. Dur
ing this rally the only real activity of
the session was exhibited, the oyersold
condition of the market at the time
making a rush of shorts an easy mat
ter. After the Letter buying was over,
however, the market fell away again.
the advance induced the putting forth
of more and heavier quantities on
short account, and this caused the
final collapse in prices. This time
MAY declined to 941sc. The market
, was given support again just before
the close. buying again being apparent
lv led by the Letter interests, and the
price had recovered to 9i5sc before the
session ended.
Corn in the main was firm and fair
lv active. For time during the morn
ing prices were inclined to droop with
wheat. but the market grew decidedly
strong as the session progressed. 1t
was helped greatly by the advance in
! provisions. Commission houses were
good buyers and shorts covered freely.
Country offerings were very light May
ranged from 2a7s @29Ac to 2S5sc. and
closed A@3sc higher at 2sc.
Oats were active and firm. There
was good general buying, some OF it
from shippers against sales OF cash,
but the bulk OF it investment buying.
C-erings were scarce at first, but on
the advance they became more liberal
and some more reaction followed. The
close was firm. May ranged from 24ss