Wheeling register. [volume] (Wheeling, W. Va.) 1878-1935, 1899-01-23
MINING STOCKS.
PRODUCE.

chicago, January PA sort of con-
tentlon between bearish
ments and bullish sentiment prevented
much movement in either direction in
wheat to-day, and May closed at 49,
NC advance. Corn left off unchanged
ana oats are a shade higher. Pork
closed unchanged, lard a trihe high
er and ribs at 2hc advance.
Wheat started steady, but without
much vigor May opening Bc higher at
lO9S Q7OAc. The Improvement was
only ~momentary, however, as London
advices reported increased offerings of
Argentine wheat, which were becOm-
ing oppressive and cables also advised
h a liberal charters for wheat were
being made at Odessa with the expec-
tation that the movement from the
quarter would increase rapidly. The
Argentine surplus was still a matter
of some uncertainty, but the latest ad-
vices suggested an exportable surplus
of between 4 5 1000, 900 and SO, 1000, 900
bushels, or more than double exports
from there last year. That put a damp
er on the spirits of the bulls and as
there were a few outside selling orders
to be executed, May declined to 701ac.
1NOCClDlS ItIc WcIc IUi CARS, VI WulCll
II were graded contract. Minneapolis
and Duluth received AIS cars against
1858 for the corresponding day a year
ago. Primary western markets receiv-
ed $40, 900 bushels, whereas 37S, 900
bushels was the total last year. Ex-
ports from Atlantic seaboard were
equal in wheat and flour to 624, 900
bushels without return from Galveston
and Newport News. The worlds ship
ments for the week were estimated at
6,400, 900 bushels, of which 5,188, 900
bushels came from this country. This
had a strengthening effect as it led to
the belief that Europe has not been
Sensibly relieved from it's dependence
upon this country for immediate sup
plies. The continued activity of the
security market had a steadying effect
on the wheat and the possibility that
the future in stocks might extend to
grain held the average short seller in
check. The current belief that Wall
street was already interested on the
long side and might reasonably be ex-
pected to protect that interest was
strengthened by the fact that whenever
the market got down o 701ac for May
it received good support. Trade be-
came active during the last half hour
and as offerings were scarce May adj
vanced to 0 A@70Bc and Closed at
70%c.
Corn was quiet and incapable of be-
ing moved more than nc away from
&c for May. An attempt was made
by several of the bull traders to stir
the pit into action and incidentally
fnpnn nriaac nm QaT1u in thn cOcSinn
but their efforts met with little re-
Spouse and the market became very
dull. Shipping demand was poor with
what bids that were received nc out
of line. Receipts $40 cars. May opened
a shade lower at 36B @37c, touched
37hc and with many changes from
that to $3.50 finally closed at BIC.
Oats possessed the same character
istics as the leading markets. There
was no inquiry for cash and less bus
mess wa transacted in futures than
any day during the last two months.
Receipts were 221 cars. May began a
shade higher at 276hc. sold at 27h0
27ssc, rose to 27%@27&c and closed at
275bc.
A decided Improvement in the ship
ping demand and higher prices for hogs
helped provisions. Buying by commits
sion houses with foreign connections
resulted in a slight advance all around.
The shipments for the week amounted
to 2,S01. 900 pounds meats and 1906. 900
pounds lard. The range in pork, lard
and ribs was OF the smallest possible
kind.
The leading futures ranged as follows: