Wheeling register. [volume] (Wheeling, W. Va.) 1878-1935, 1899-10-02
PRODUCE.

were dull to the verge of s~tagnation and
nomaterial changes in values of defer
red futures took place. September
wheat and corn were in process OF
liquidation by long interests and de-
clined sharply. The closing of New
York stock exchanges had a narrowing
effect on trading. September wheat
closed B@1c lower and December a
shade lower. September corn declined
15sc and December 1sc. December oats
closed unchanged. Provisions closed
unchanged to a shade lower. Another
slight rise in wheat at Liverpool, not
w~ithstanding yesterdays decline in this
market, caused wheat to open firm
and at a fractional advance. The ac-
ton at Liverpool indicated that trad
ers in the market took a more serious
view of the Transvaal situation and
caused a moderate covering movement
among local shorts. There was also
some outside buying through commits
sion houses. Besides the strength at
Liverpool, the market was helped by
the continued light receipts at primary
points. The impression apparently
prevailed that receipts will continue to
run much lighter than a year ago, and
though there was a moderate mount
of realizing at the opening advance,
only a slight reaction resulted at the
time and prices recovered. The mar
ket was in the main a scalping one,
and the bear element, timid at the re-
cent strength of the market under rath-
er adverse conditions, was inclined to
cover all short contracts I'VE Sunday,
fearing war developments in the Trans
vaal. Traders who sold yesterday were
prominent in the buying. The strength,
however, was confined to the deferred
futures September shorts had appar-
emily been we'll filled up, and moderate
offerings by long interests resulted in
a sharp break in the price of that OPP
ton. 1t sold at n time at 1%c dis
count under December. Winter wheat
points reported an excellent milling de-
mand. Toward the close there was in
creased selling on prospects of a large
increase in the visible, and the slight
advance which had prevailed soon dis
appeared. The close was rather heavy.
Minneapolis and Duluth receipts were
876 cars, against LOGS last week and
1,277 a year ago. Chicago receipts were
220 cars, % of contract grade. Total
primary receipts were 1,249,000 bushels,
against 1852, 600 bushels a year ago.
Atlantic port c~learances of wheat and
-four amounted to 10000 bushels. The
visible is expected to increase about
1900, 900. December opened B@Ac
higher at 1910. 1t sold at 1880, then
advanced to 1880, and declined to 73hc,
where it closed. September declined
from 72h@72Mc at the opening, to
721ac, and closed B@1c lower at 7158c.
The feature of a dull session in corn
was the weakness of the September OPP
ton, which declined 13c under liquida-
ton by prominent long interests. The
demand was light, shorts having appar-
emily covered thoroughly and prices
were easily affected. A heavy increase
in local contracts is looked for, and this
affected speculation. Deferred futures
were rather steady early with wheat,
but later followed September down
ward, the market closing heavy. The
shipping demand was fair, considering
the New York holiday. Receipts were
1929 cars. December ranged from
29%c to 304sc, and closed 1sc lower at
29%c. September closed 1T 31Mc.
Oats were firm. Shorts were bidders
for September and advanced the price
of that option about a cent at one time,
but the improvement did not hold.
Deferred futures kept within a narrow
range. The market showed a droop-
my lSluSuCy 1dl6 III Tie Ndy, OnSAAASS
being freer at the advance. Receipts
were 321 cars. December ranged from
22Ac to 23c, and closed unchanged at
227sc. September closed Ac higher at
22bc. The cash demand was moderate.
Trading in provisions was mainly in
the way of changing. The opening was
slightly lower in sympathy with a
rather weak hog market and kept at a
slight discount most of the session.
Packers were the chief sellers. The
cash demand was not so good. At the
close January pork was unchanged at
1915; January lard a shade lower at
s5.6O@5.62R, and January ribs a shade
lower at S5.07k@5.10.
Estimated receipts Monday:
Wheat, 245 cars; corn, 1850 cars;
oats, 240 cars; hogs, $4,000 head.
Articles. Open. High. Low. Close.