Wheeling register. [volume] (Wheeling, W. Va.) 1878-1935, 1899-08-31
MINING STOCKS.
PRODUCE.

CHICAGO, August 30.-A sudoen III
crease in the export business following
the announcement of an increase In
grain rates brought the wheat market
around with a jerk to-day, advancing
speculative prices nearly cent. The
close was at 3s@hc advance. Corn
was firm on dry weather talk and clos
ed 1s@5sc higher. Oats closed B@ Ac
higher. Provisions showed easlness
and closed 21a@5c lower.
Wheat displayed more steadiness at
the opening than conditions really
warranted. Low temperatures were re-
ported from. the extreme northwest,
low enough to cause some apprehension
of damage by frost in the minds OF the
local traders, and this caused a mod
crate amount of covering by shorts, re-
sulting in brief display of strength.
September opened a shade higher at
7O0701sc. December opened unchang-
ed at re and advanced to 721sc. 1t
was evident, however, that in the
northwest no fear of damage was felt,
tle markets in that section being COM
paratively weak and the weather
bureau report later dispelled all fears
by predicting warmer weather. The
inclination of bears to continue pound
ing the market was strengthened I'M
der rather free selling by the profess
sional element prices slowly but surely
sagged. The inevitable dull period
during the middle of the session
found the market at its weakest, prices
getting under puts and even then re-
ceiving but little support. Northwest
receipts showed considerable increase,
Minneapolis and Duluth reporting 35S
cars, against $50 last week and GAO a
year ago. Chicago receipts were 9 cars,
two of contract grade. Total primary
receipts were 6S7 900 bushels, against
/ ,146, 900 bushels year ago. December
finally sold down to 711se and Septem-
Der to 691sc, around which prices the
market hung for some time. Around
noon the market frightened up a little
on the reports of export clearances Of
772D00 bushels AMI indications of a
good export business for to-day, and a
little later the market became positive
ly strong and advanced rapidly when a
sharp advance in grain rates, to take
effect September IS, was announced
This was expected to result in heavy
cash business before the increase went
into effect and started shorts to cover
ing heavily. 1t was apparent from the
way prices advanced that the market
had been oversold and some difficulty
was found in covering extensive lines.
Export engagements were put at 81
loads. Over million bushels wheat
is said to have been taken by one firm
which was a leading seller early in
the session. September advanced to
70ss @701ac, and closed at 7Ossc. De-
cember advanced to 72h@725sc, and
closed at 721ac.
Corn was irregular with a fair
amount of business.
The market was weak for September
during the morning on continued liqui-
! dation. Later good buying started on
complaints of dry weather in some Of
the most important corn producing
States and on the announcement of an
an advance in grain rates. The local
cash demand was slow, but the sea-
board reported good export demand.
Receipts were 800 cars. September
ranged from 305sc to SIC, and closed
1sc higher at Sic. December ranged
from 2S1Ac to 2S7sc, and closed A@%c
higher at 2S% @2S7sc.
Oats were slow but firm. Sympathy
with wheat and corn and the influence
of an excellent cash demand kept prices
little higher during most of the ses-
sion. About $4,000 bushels were
worked there. Receipts were 334 cars
September ranged from 1880 to 2o1sc,
and closed 1s@Ac higher. December
ranged from 95s@19ac to 1875 @20c, {
and closed 1sc higher at 19% @197sc.
Provisions were heavy and closed at
slight declines. The market was in
finenced early by the grain weakness,
and did not rally. The shipping de-
mand was poor and Liverpool reported
declines. There was scattered Septem-
Der liquidation all day. At the close
September pork was sc lower at $500;
September lard 21sc lower at $500, and
September ribs shade lower at s5.15@
6.17Ak.
Estimated receipts Thursday:
Wheat, 4 cars; corn, s2s cars: oats.