Wheeling register. [volume] (Wheeling, W. Va.) 1878-1935, 1898-11-23

country shipments and the heavy con-
tinued foreign demand or American
grain were tho main causes for the adj
vances scored. Wheat closed u higher
and corn and oats about 1Ac higher.
Provisions advanced 5@123fc.
The first hour and half in wheat
trading was marked by exceptional
dullness and prices during that period
scarcely moved from the point at which
the market started. 1t seemed as IL
the blizzard had frozen up all inclina-
ton to buy and sell wheat and trades
of any Importance were remarkable for
their scarcity. There was some selling
pressure at the start, enough to cause
A@Ac decline in the leading options,
May opening at 66A @66fsc, and De-
cember at 67k @67Ac Early Liver
pool quotations showed a very small
advance The selling, however, was
apparently almost altogether by shorts.
Liverpool receipts for the past six days
have been entirely from this country,
and this and the decreasing shipments
from Russia and the Danubian coun-
tries had eveidently left a permanent
impression On the speculative mind,
as very little long wheat was for sale.
Northwest receipts were heavy again,
Minneapolis and Duluth reporting g.
III cars, compared with 2,039 last week
and 1906 a year ago. Chicago receipts
were 1853 cars. A remarkable feature
of the northwest markets was an adj
vance of 1c in cash wheat in spite of
receipts Of 1851 cars at that point.
This was the starter for notable adj
vance here. After II o'clock the mar
ket became active and strong. The
blizzard which was raging throughout
the west and northwest was expected
to result in a great falling off in re-
ceipts and also caused fears of an early
closing of the straits. This frightened
December shorts and heavy buying
from that source continued for some
time, sending the December price at
one time to premium of lac over
May. Atlantic port clearances of
wheat and flour amounted to $4,000
bushels. New York reported good ac-
ceptances from abroad of last nights
cabled offers. Three boat loads offered
direct from Chicago to Liverpool were
accepted. Before the noon hour De-
cember had advanced to 675s@67%c,
and May to 665sc. Bradstrete's report
of the worlds visible showing a total
increase of 1852, 600 bushels was con-
siderably heavier than expected ana
arrested the boom for time, reallzlnS
and increased short selling CAUSING
some reaction in prices. Inc caSh SIT
nation. however, was too strong 1ol
the market to be held down, apG- near
the close buying became very actlVe
again. the market advancing and hold-
ing firm to the end December closed
at 6S1hc. and May to 67B@67Ac.
The market for corn was active
throughout. Early there was slight
din on the theory that the cold weather
would improve the quality OF new corn.
There were buyers for every busnel
offered, however, and the market grew
very strong. The seaboard demand
was enormous, 1875 loads being worked
for export. Receipts were light, sos
cars. Near the close the bullishness
of wheat gave buyers further encour-
aeement and trading was quite heavy
toward the close. May ranged from
341h034Ac to 35c, and closed $50 12c
higher al 34T 035c.
Oats followed corn closely, opening
weak and closing strong. There was
good deal of short selling by scalpers
early in the day and their covering
later helped materially to strengthen
the market. There was a good local
and export demand Receipts were 269
cars. May ranged from 26c to 26Bc,
and closed &c higher at 26&c.
Provisions, though rather quite,
were firm and followed closely the adj
vance in the grain markets. Packers
were moderate sellers, but there was an
nd
and all offerings were taken. 1t the
close January pork was 121ac higher at
$9221a; January lard sc higher at
$50, and January ribs 712@10c higher
at $4.7004.72h.
Estimated receipts for Wednesday:
Wheat, 155 cars; corn, las cars; oats,
125 cars; hogs, $4,000 head.
The leading futures ranged IS follows: