Wheeling register. [volume] (Wheeling, W. Va.) 1878-1935, 1899-08-30
MINING STOCKS.
PRODUCE.

CHICAGO, August 29.-Wheat aver
aged weak to-day but closed at supstan-
tally unchanged prices. Expectations
of increased northwest receipts was
still affecting the bulls, but shorts were
dismissed to take profits. Other mar
kets were uninteresting.
Corn closed &c lower for September
an unchanged for December.
Oats declined 1sc in September but
closed a shade higher for December.
Provisions closed unchanged to Zee
lower.
Weakness was shown by wheat at
the opening of trading. Liverpool re-
ported a decline of II pence while the
northwest advices told of perfect
weather for harvesting operations and
also said that new wheat would move
freely from now on. Longs were the
principal sellers. They were appar-
emily afraid of their position under the
favorable crop conditions and liquida-
ton from that source forced prices
down slightly from opening decline.
The break in prices was taken advan-
tage of by shorts who covered quite
freely and a slow recovery in prices
ensued the advance bringing both the
September and December options back
fairly within yesterdays closing prices.
An interval of extreme dullness follow
ed and prices for an hour or more vari-
ed but little. The general tendency
was in the main downward. The
speculative market being influenced to
certain degree by the early slack
cash demand. The weakness became
more pronounced in the afternoon
though the declines were small on ac-
count of the lack of trading either way.
The northwest was weaker than the
local market and some selling came
from that direction. Late in the ses-
sion the market was influenced by the
Hungarian minister's estimate on the
worlds wheat crop which put the
amount at nearly 90,000,OO0 bushels
under theoretical requirements A fair
amount OF buying followed this an
nouncement and the best prices of the
day were reached
Inere were plenty of holders willing
TO part with their wheat at the advance
and the close found the market steady
but on a slight downward turn. Brad.
streets estimated the worlds visible
decrease at 1,9S2,000 bushels, about
what was expected. Minneapolis and
Duluth receipts were 5S1 cars. against
506 last week and $50 year ago. Chi
cago receipts were COG, 900 bushels. COM
pared with 100000 bushels a year ago.
Atlantic port clearances of wheat and
Hour amounted to 2SS,000 bushels. The
cash demand here was slow and offer
lngs generally freer. New York put
the export agements at 25 loads.
September opened Nc lower at $3.50
G3Sc. 1t declined to 69kc during the
first hour, sold as high as 701hc and
closed at 70c December opened u O. &c
lever at 715s@715sc. 1t declined to
Use and reacted to 72k @72Ac, clos
ing at re
Corn was irregular, September was
weak early with wheat and on the more
liberal country offerings, but it rallied
later and closed about steady. The
new crop futures were steady. Trading
was extremely narrow, and price fiuc-
tuations in all speculative futures were
small. Local receipts were GAS cars.
Elevator people We're the principal sell
ers. There was some talk of too much
hot weather. September ranged from
Sols to 307s@31c and closed 1sc lower
at S07sc. December closed unchanged
at 2S1sc.
Oats in the main followed corn. Sep
TENDER was weak early, but recovered
partly and closed fairly steady. Coun-
try offerings We're freer and the cash
demand not so good, during the morn
ing. Elevator people sold. Cash bust
ness improved later and 100000 bushels
were reported worked. Trading was
mostly in the way of changing. Re-
ceipts were III cars. September ranged
from 1874 to 197s@20c and closed &c
lower at 19B@20c. December closed a
shade higher at 1875 @19Ac.
Provisions We're steady most of the
day. Weakness was shown at the OPEN
ing in sympathy with the grain mar