Wheeling register. [volume] (Wheeling, W. Va.) 1878-1935, 1898-12-01

Gulc8&Q, NOVEMBER SV.---llQuk04tl00
Of December wheat BY discouraged
holders was the features Of to@day's
trading on Change. December closed
at bWhc declines and Maybe under
yesterdays price. Corn closed h0Ac
lower. Oats closed a shade higher.
Provisions advanced 7h010c.
Opening prices in wheat showed
slight recessions from yesterdays
closing figures, May starting 1sc lower
at 65% @657sc and December 1sc lower
at 655sc. Trading was remarkable only
for it's extreme dizziness. The early
news was of decidedly bearish char.
acter, but it did not result in much
increase of liquidation during the
morning. There was, however. an al
most total lack OF support and for some
time following the opening the market
showed dropping tendency. May at
ter selling at 65B @66c Immediately az
ter the opening slowly declined to
65%c. December showed no buoyancy
whatever. 1t declined to $3.50 and was
maintained with some difficulty at that
point. Liverpool by the time the trad
ing commenced here showed half Esd
decline Minneapolis and Duluth re-
ceipts were 1854 cars, compared with
1928 last week when railroads were part
ly blockaded, and It's year ago. Re
ceipts at Chicago were 123 cars, 10 OF
contract grade. About IL o'clock a
moderate buying demand was caused
by the excellent local cash business
and reports of heavy seaboard engage
ments for export and for over an hour
prices after advancing slightly were
we'll maintained. May reached the
highest point of the day, 66Ac, about
1880, and December held comparative
ly firm at 65%c. Sales of 10000 bush
els for export were reported here and
New York reported 80 loads engaged.
Later this was increased u 100 loads.
Total Atlantic clearances were put at
$4,000 bushels. Coarse lots exhibited
some strength about this time, which
was a further assistance. In the last
hour of trading the market grew quite
weak again and continued so to the
close. During this time liquidation OF
December by tired local holders and
by outside interests became prominent.
There was also selling by elevator in
terests of both December and May.
Bulls were evidently discouraged at the
difficulty in maintaining prices and
threw over all the market could carry
and more, too. December declined TO
65M9@65Ac and closed at 65A @65sc.
May sold to 655s @65%c and closed at
65% @65Bc. Corn was irregular. Start
ing rather weak because clear, colo
weather prevailed the market became
stronger on the excellent cash and ex-
port business and on storm predictions
and a fair advance was scored. rms
was maintained until late in the SEES
sion when the slump in wheat started
liquidation and the advantage was lost.
Receipts were light, 176 cars. The sea-
board claimed 80 loads taken for ex-
port There was a good demand Tor
December from shipping houses. May
ranged from 341sc to 345sc and closed
A@Ac lower at 34A @34ssc A good
business was done in oats. The in
terest centered in the December de-
livery, which jumped a cent as the re-
suit of little buying. The bulllsh
try factors were light stocks and the
small country movement. Receipts
were $50 cars. Best prices were not
maintained, by the market at the close.
May ranged from 261Ac to 26B@27c,
and closed a shade higher at 26A@
26Tc.
Provisions were exceedingly strong
considering the unfavorable surround
ing. Hog receipts were large, but Of
ferings of provisions were small even
from packers, indicating that packers
needed all supplies to fill earlier sales.
Room traders were moderate buyers
of the more distant futures. At the
close January pork was 10c higher at
50 TN, January lard TIC higher at
S. 05 and January ribs TIC higher at
$4.56.
Estimated receipts Thursday:
Wheat ITO cars: corn, 275 cars; oats,
100 cars; hogs, 41,000 head.