Wheeling register. [volume] (Wheeling, W. Va.) 1878-1935, 1898-12-14
PRODUCE.

Chicago December 13-All the grain
barkets were strong to-day and closed
at substatial advances. In wheat the
continued failing off Of receipts in the
Northwest was the main factor. May
and December each closed about &c
higher. Corn and oats advanced about
1ac each. Provisions closed 2RW5c
lower.
Opening prices in wheat were prac-
tically unchanged from yesterday.
May started at 65B @65Ac. Northwest
receipts were comparatively small, but
this was offset by decline Of FEC in
futures and 1c for spot at Liverpool.
For few minutes prices were about
at a standstill with very narrow
trading. But the demand increased
rapidly, and inside of the first half
hours trading the May price had been
hoisted to 655sc, around which point
the market swung for the greater part
of the session. Shorts were good buy
ers and many longs, acting on the be-
lief that prices were on for a good
advance increased their holdings. APP
parent1y the rapid decline in farmer S
deliveries in the Northwest, as shown
by the receipts at Minneapolis anu
Duluth, overshadowel everything else
in its influence on traders. Argentine
news was favorable and early reports
from the seaboard did not Indicate
very bright prospects for a continued
good foreign demand for American
wheat, one cable from Germany refus-
ing offerings on the grounds that Rus
STA was offering wheat under Amerl-
can parity Nevertheless, the local
sentiment was emphatically bullish and
even at the good advance wheat did
not come out in very great quantities.
Northwest receipts were 684 cars, COM
pared with ! 531 last week and 5o2
year ago. ChicagC receipts were 222
cars, 10 of contract grade. Total pri-
mary receipts were 1,173,0C0 bushels.
The increases in the worlds visible
was put at 3,424,000 bushels, about
what was expected. Last year the in
crease was less than 100000 bushels.
Near the end of the session reports of
heavy shipping orders here for st.
Louis and the seaboard proved an ad-
ditional stimulus to the buying, and
May, which up to that time had been
steady at around $3.50, advanced rap
idly to &c. Some reports put the East
ern shipping orders here as high as
100000 bushels. May closed firm at
657s 066c.
Corn was active and higher Re-
ceipts were fairly large, Gas cars, while
the weather was favorable for ship
ping and for improving the quality.
But country offerings were not heavy,
and a good export inquiry existed.
Local bull traders bought aggressive
ly. The wheat strength had consider
able influence. May ranged from 241sc
to 342sc and closed Zee higher at 343sc.
Oats, though rather dull, We're firm.
Receipts were large, sol cars, but the
strength of wheat and corn made
shorts uneasy and caused a good deal
Of scattered buying. Offerings were
not large. The shipping demand was
good. May ragged from 26 to 26Rc
and closed 3s01ac higher at 261ac
Provisions were rather wobbly.
The demand was very good. Tut hog
receipts were heavy and packers Of
fered freely of all products. There
was also some realizing by recent buy
ers. Liquidation became lighter late
in the day and the market firmed up
somewhat. May closed sc Tower at
1855; May lard 21ac lower at $5.421a,
and May ribs 21ac lower at S4.S71s.
Estimated receipts Wednesday:
Wheat, 1870 cars; Corn, 425 cars;
Oats, 245 cars; Hogs, $4,000 head.
The leading futures ranged as follows: