Wheeling register. [volume] (Wheeling, W. Va.) 1878-1935, 1899-10-03
MINING STOCKS.
PRODUCE.

CHICAGO, October 2.-The pros
pect of war between Great Britain and
the TranSvaal was the predominant
factor in all the grain and provision
markets to-day and caused sharp adj
vances in some instances. A big for.
eign demand for American cereals
was also a feature. December wheat
closed INC higher and May 1h@15sc
higher. Corn advanced h@Ac, oats
A@Bc and provisions 2h@10c higher.
Wheat started strong at an advance
of %@hc for December and Zee for
May, which latter option was in con-
siderable demand throughout the ses-
sion. Wal in the Transvaal was con-
sidered almost certain by English
traders, as was shown by a sharp ad-
vance in the Liverpool market and this
fact strongly influenced local traders.
Besides this, primary receipts showed
a big falling off, and the foreign de-
mand for wheat was excellent. The
demand vas quite general at the open
ing, outside investment buying being
much in evidence and December open
ing at 73%@74c, soon advanced to
74Ac. This price was we'll above call
figures and selling against those priv
ileges and the usual realizing by longs
caused a temporary decline, December
reacting to 74c. This, however, was
the only soft spot of the entire session.
Prices were soin back to 74A@ 743sc
and though the volume of trading fell
off greatly for a time, no further de-
cline resulted. There was apparently
a quiet absorption of all offerings by
some important interests. Toward
the close Of the session the new mar
ket again became very active and
BRAD and prices advanced maternity.
A report tht diplomatic relations be-
tween England and the TranSvaal had
been broken off and martial law pro-
claimed in Pretoria, put a sudden stop
to selling of any kind, and prices were
bid up quickly. Considerable interest
was taken in the May option. There
was a good outside demand for this
future and the difference between May
and December widened to &c in conse-
quences. Minneapolis and Duluth re-
ceipts were 1854 car against 1881
last week and 2,44S a year ago. The
local cash demand was large. with
sales of at least $4,000 bushels re-
ported for export. Other big reship-
ping points reported a similar condi-
ton. New York reported SO loads
taken for export. The visible supply
showed a heavy increase, PALS, 900
bushels, but this had little effect on
the market.
st. Louis was a big buyer in this
market. December advanced to 741se
and closed at 74A 6747sc. May ranged
from 1850 to 77Ac and closed h@ac
higher at 77Ac.
Corn was fairly active and strong.
Shorts were heavy buyers of both De-
cember and May and both futures
scored material advances. Prospects
of a wal in the Transvaal was a
prominent factor in the advance. The
shipping demand was undated. the
seaboard reporting 152 carloads taken
for export. Receipts were 9SS cars.
December ranged from 297sc to 301ac
and closed h05sc higher at $3.50
S01bc. May closed sc higher act
Size.
Oats, in common with other grain
markets. were active and higher.
Prospects of war made shorts uneasy
and covering by that class of traders
resulted in good advances. The small
increase in the local stocks. $4,000
bushels. and the continued heavy cash
demand were also factors. Receipts
were 81 cars. December ranged from
221z 623c to 23B@23Ac and closed
A@%e higher at 23hG23Ac.
Provisions were only moderately ac-
tive. Prospects of war and small de-
liveries and the strength of grain mar
kets were reflected by provisions and
fair advances were scored in all pro-
ducts. The market was strongest
near the close and final prices were
about the best of the day. At the
close January pork was Zoe higher at