Wheeling register. [volume] (Wheeling, W. Va.) 1878-1935, 1898-12-13

the Visible Nob the club that knocked
the props from under the market Corn
and oats were strong for no apparent
reason and advanced about Nc each.
Provisions were in better demand ana
closed 71a@16c higher.
It looked at the start as II wheat was
to be another bull market. The
worlds shipments fgrues were rather
encouraging to buyers, showing total
OF but $500. 900 bushels, as against g.
$4,000 bushels last year. OF this
amount, 6,75S,O00 bushels were shipped
from this side. The feature which at
tracted the most attention, however,
was the remarkably small Russian
shipments only $4,000 bushels. This
fact, coupled with the reports OF
scarcity in some provinces OF Russia,
suggested a possible dropping cut OF
that country as competitor 1or
America for the present at least, ana
gave good deal of stiffness to the
early trading. Liverpool also showed
firmness, A@ssd advance being chron-
icled in that market May started a
shade higher at 65R@659sc. There
was quite good demand at those fig
ures, both from shorts and from the
general crowd, the result being an i'm
mediate advance to 65%c. The de-
mand was soon satisfied and for
short time the market was extremely
dull, though steady. Then it turned
weak and remained in that condition
until shortly before the close, only the
narrowness of trading preventing a
more serious decline than occurred.
Private London cablegrams saying that
~, irpop cJ n Y
the first wave that struck the sand
house of the bulls. Soon after this the
figures on the worlds visible was
posted.
They show an increase of 1928, 900
bushels, an amount so far beyond even
what the most Dessimistic bear had
expected that all the wheat during the
early trading and considerable more
besides was dumped onto the market
Before the liquidation ceased, May had
dropped to Csc and even at that price
there was very little bidding for some
time. Primary receipts were 1882, 900
bushels Minneapolis and Duluth re-
ceipts were 1,462 cars, compared with
1,647 last week and 1854 a year ago.
Chicago receipts were 235 cars, six OF
contract grade. Argentine and Indian
crop news was favorable. The export
demand was rather slack, New York
reporting from 20 to 80 loads taken for
export Near the close covering by
shorts gave a little strength to the mar
ket and caused the May price to re-
cover to 651s @65Ac, where it closed.
Corn, though very dull, was compare
lively firm The decline in wheat acted
as a drag on the market for time, but
lighter receipts than expected, sub
stantial decrease in local stocks and
firm cables prevented any decline. The
visible decreased 2,516, 900 bushels. Re-
ceipts were 602 cars. Toward the close
the demand became better and prices
advanced slightly, the market holding
firm to the end. May ranged from 1875
to 341sc and closed nc higher at 341Bc.
Oats were even duller than corn.
Trading was very narrow all day and
chiefly of a scalping nature. The mar
ket in a general way followed corn and
ruled rather firm throughout at slight
advance. The cash market was easy
due to liberal receipts, 500 cars. The
visible declined $4,000 bushels. May
ranged from 26Bc to 261sc and closed
B@Ac higher at 26@E61sc.
Provisions were firm from the start.
Commission houses were well supplied
with buying orders and the local
crowd was decidedly bullish on the be-
lief that bull campaign was on. Pack
ers sold sparingly, Notwithstanding
large hog receipts. The market closed
firm at about top figures, May pork 15c
higher at SO 70; May lard 121ac higher
at S. As and May ribs 71a@10c higher
at 81 80.
Estimated receipts Tuesday: Wheat
210 cars; corn 760 cars; oats 470 cars;
hogs $4,000 head.
The leading futures ranged as follows: