Wheeling register. [volume] (Wheeling, W. Va.) 1878-1935, 1899-01-06
PRODUCE.

Chicago, January 5.-Outside support
was lacking. to-day, and a wave of Bear
ish sentiment caused sharp declines in
both grain and provisions. May wheat
closed A@%c lower. Corn and oats
lost 9sc each; pork 15c; lard 100 121ac,
and RIBS 71a@10c. Wheat started heavy
and dull with few orders from outside.
The 1irmness was only momentary,
however, but a great deal of wheat
called at the close yesterday had
fallen into weak hands and, was for
sale the instant the price showed hest
tation. AS long as the market was left
in the control of local professionals the
tendency was downward. May wheat
opened 3sc higher at 715s@TlAc, was
hammered down to 70Ac before there
were anw symptoms CT recupefatrCn.
The recovery was brought about by
buying orders commencing to tumble
in from outside sources, induced ap-
Harently by the threatened cold
weather damage to winter wheat and
reports of heavy exports from Atlantic
ports. The foreign buying became so
persistent that shorts were compelled
to cover, and May gradually bid up to
715sc. Liverpool was led higher and
receipts were comparatively small, Chi
cago receiving 104 cars, of which only
one car was graded contract. Arrivals
in the northwest were AL cars, COM
pared with 485 week ago and 376 for
the corresponding day last year. The
Shipments of wheat and flour from At
lantic and gulf ports were heavy, ag-
gregating 100000 bushels. ST. Louis
wired that good soft red winter wheat
in the fields was looking very bad.
New York reported a good continental
demand for wheat and so loads sold for
export. Under such influences the
market was fairly steady until half an
hour of the close, When buying from
outside subsidized The spectators
flooded the pit with long wheat and
also sold for the short account. The
market became quiet subsequently I'M
der this pressure; May was forced
down to 705s @7034c and closed at
70%c. improvements in the weather
which was favorable for large move
ment in the country, weakened corn.
Receipts at primary points were large
and clearances moderate. Clearances
buyers turned sellers, and as the de-
mand was not sufficient to absorb the
offerings prices were steadily forced
downward. The want of shipping IA
cilities was also a weakening factor,
as much corn bought for export could
not be forwarded for lack of
cars. Receipts were 542 cars. May
opened 1sc lower at 37%c, gradually
declined to 367sc, and closed at 367s@
37c bid
The declines in the leading grains
and a poor cash demand caused a
heavy feeling in oats. Liquidation of
long property and numerous selling oe
ders from the country caused a sharp
decline in prices. Receipts were light,
128 cars. May began unchanged at
27Ac and sold off to 271sc, the closing
price.
There were more or less liquidation
in provisions, particularly by certain
traders in -four. AS the market started
out handicapped with enormous hog
receipts and decline in the coarse
grains, prices were forced off all
around. The demand for products was
slow. May pork opened shade lower
at $10.4212@1045, and declined to
5000. May lard began unchanged at
$585@5.S71h and sold off to $5.75. May
ribs started a shade higher at $3.50
51712 and declined to $5.05.
Estimated recSipts for Friday:
Wheat, rs cars; corn, 700 cars; oats,
1876 cars; hogs, $4,000 head
The leading futures ranged as follows: