Wheeling register. [volume] (Wheeling, W. Va.) 1878-1935, 1899-11-15
MINING STOCKS.
PRODUCE.


was weak on lower cables and predic-
tons of a large Argentine crop but
steadied on buying by shorts, and clos
ed at an advance Of B@Ac. In
fiuenced by light country offerings and
small receipts, corn closed strong and
unchanged to Ac higher. Oats closed
H@Ac higher. Provisions ruled weak
and closed 21a@10c lower.
Reports of light domestic receipts
were the only items that bulls could
confront the bearish array of statistics
with at the opening Of the wheat mar
ket to-day, and the initial figures, De-
cember 661z@665sc, May 7OR07O9sc,
showed a loss from yesterdays close OF
h@%c. The chief factor in the weak
ness was the prediction of an Argen-
tine crop authority that prospects
pointed to a large Argentine crop.
Harvesting of this crop began last year
November 10 and the prediction, evil
IDENTIFY not much in advance of the be-
ginning of harvesting, had immediate
effect. Liverpool, which had opened
firm, declined and closed weak.
The market here rallied after the
opening on covering by shorts and buy
ing against puts, December touching
$3.50 and May 7O7sc; on profit taking
December eased eff to 665ac and May
to 705sc An impression that the con-
tinuous liquidation of the past few
days had resulted in an oversold mar
ket was apparently certified when shorts
in greater number again sought cover.
There was little wheat to be had at the
low mark and the price steadied. De-
cember advanced to 6715c and May to
711ac. December closed Nc yesterday
at 673sc and May b@Ac higher
at 71A@71@c, both options having
eased off bit on profit taking near the
close.
There was an increase in the worlds
visible of 100000, nearly double ex-
pectations. There was a decrease in
local stocks of $4,000 bushels. Min
,neapolis and Duluth reported S04 cars,
compared with 936 last week and 2,039
the corresponding day last year. Re-
ceipts were 81 cars, three of contract
grade. Clearances were 336, 1000. New
York reported 80 boat loads taken for
export. Adtvices from Argentine were
that, including wheat left over, there
would be between 100000 900 and 100,-
100000 bushels for export next year.
Corn was weak early. The opening
was at loss of 1s@Ac from yester-
days close, December 3O% oslo and
May at 32A @32ssc. Yesterdays coun-
try acceptances were small and local
receipts, 339 cars, considered light.
The estimate for Monday was small.
The early loss was more than recov-
cred. There was some selling of May
by elevator people, while shippers took
December in moderate quantities. Pri-
mary receipts were 430,472 bushels.
December ranged from 307sc to 31Ac,
closing 8@Ac lower at 311s@31Ac.
May ranged from S2Ac to 321s @325sc,
and closed unchanged at S21s. There
was little feature. Oats followed in the
wake of the other markets The
spread between May and December
was narrowed to a difference of 11sc.
Bradstreets gave a decrease in the
worlds visible of $4,000 bushels.
Clearances were only $3.50 bushels. Re-
ceipts were 213 cars. The cash de-
mand was good and 250,OOO bushels was
taken for shipment. The range was
only Nc. December sold from 224c to
221ac, and closed &c higher at 221sc.
May closed 1sc higher at 237sc.
Provisions suffered from the depres-
sion of hog prices and the weakness of
the Liverpool market for American pro-