Wheeling register. [volume] (Wheeling, W. Va.) 1878-1935, 1899-08-09
MINING STOCKS.
PRODUCE.


situation and a sharp drop in foreign
markets pushed wheat to new low
level to-day, September closing weak
at ss@kc decline from yesterday. Corn
was steadied by good shipping inquiry
and closed slightly higher. Oats closed
irregular, cash shade lower to 1sc
higher. Provisions declined sharply,
closing 71s@121zc lower
Opening prices for September wheat
showed decline of 1s@Ac from yes
terday, September starting at 68a4W
6S7sc. And that proved to be the high
point of the day. Interest in the mar
ket which has been slack for several
days, was, if possible, even duller than
yesterday and the market for the
greater part of the session kept within
a range of 3sc. The weakness at the
start was due to a decline at Liverpool
of 7sd since Saturday. This was double
the decline in the local market since
that day and coupled with the contin-
ued absence of foreign inquiry for
American wheat kept prices on the
down grade during most of the day. 1t
was apparently the prevailing opinion
that it was a hopeless task to- attempt
to bull the market while there is so lit
tie demand for wheat abroad, and what
little buying was done was against
puts, to which price (6S1s@6S5s) the
market declined shortly after the open
ing. There was scattered selling by
the northwest and by local commission
houses, but outside interest was slack.
September longs were inclined to
transfer their deals from that month
to December and buying of the latter
against sales of September had a ten
dency to widen the spread between
those months to the Advantage of the
carriers.
Broomhall's figures of the European
visible indicated a large increase and
was a bearish feature of the mornings
trading. Bradstreets figures, however,
showed a decrease of 1857 900 bushels
and for a time this steadied the mar
ket causing a rally in September, which
had in the meantime declined to
6S3sc to about 6S5s@68Ac, bat no sub
stantial support was forthcoming and
prices soon sagged again. New York
reported sales of ten boatloads. Not
bushel was placed from here. North
west receipts were 10 cars, against 296
last week and 40 year ago. Chicago
receipts were 116 cars, II of contract
grade Atlantic port clearances
amounted to 100000 bushels. A slight
ly better feeling developed near the
close, shorts being fair buyers at the
bottom and the market rallied slight
ly, closing at 681a@6S5sc.
Corn was fully as dull as wheat.
but much steadier. The market was
weak at the start, partly in sympathy
with wheat, and on the favorable crop
conditions, but the strong cash situa-
ton sustained prices. There was Wig
orous selling of September at times,
and the more distant features showed
the most strength Receipts were lib
eral, 562 cars, but indications were for
a lighter movement, as country accept
ances have been light for some time.
September ranged from 301a to 30& q
S07sc and closed a shade higher at
30%c.
Oats were dull and irregular. The
feature of trading was the demand for
May, which was sharp enough to result
in a &c advance in the option. The
cash demand was excellent, 100000
bushels being worked here. Receipts
were large, 53S cars. September show
ed some sympathetic weakness with
wheat. 1t ranged from 1895 @191a to
1880 and closed shade lower at 1919
0195se.
Provisions were heavy throughout
the session. Packers were free sellers,
apparently on the belief in a freer hog
movemnt and substantial support was
lacking. The market tended steadily
downward and was decidedly weak at
the close. At the close September
pork was 121ac lower at 1885, Septem-
her lar ten cents lower at s5.271a and
September ribs 715c lower at S5.021s.
Estimated receipts for Wednesday,:
Wheat, 81 cars; corn, 800 cars; oats,
go cars; hogs, $4,000 head.
The leading futures ranged as follows:
Articles Open High. Low Close.