Wheeling register. [volume] (Wheeling, W. Va.) 1878-1935, 1899-01-10
MINING STOCKS
PRODUCE.

Chicago, January 9.-Decided cover
ing by shorts to-day and heavy clear
ances at the seaboard strengthened
wheat. May left off with an advance
Of sole. Corn gained &c, and oats
1s@Ac. Provisions, after a sharp ad-
vance, early closed at substantially I'M
changed prices. Wheat opened aston
ishingly strong, considering the weak
ness Of its closing at the regular ses-
sion Saturday. A sharp upward turn
on the curb Saturday afternoon,
however, demonstrated how suscepti-
bic the price was to a little buying and
how small was the confidence of short
sellers in the wisdom of their position
May started 15c higher at 703s 070bc,
and in the effort of the shorts to re-
instate themselves in the market May
was advanced still further, reaching
1071Bc. Up to this time the news
had nothing in it to suggest a reason
for such bullishneSs, and it was not
Nuntil the returns of the clearances Of
wheat and -four for the day from At
lantic ports was published that the
bulls got anything from the days sta
tistics to justify them in their atti-
tude toward the market. Chicago re-
ceipts were 219 cars, of which eight
were of graded contract. Minneapolis
and Duluth received 731 car loads,
as compared with 535 for the CORE
spending day year ago. Primary
western market receipts aggregated
999, coo bushels, whereas 522, 600 bushels
comprised the total for the same day
last year. The visible supply that was
thought likely to show a decrease of
100000 bushels was found to have in
creased 465, 900 bushels against AZ 900
bushels increase the previous year.
That acted as a curb to the bullish
enthusiasm that was prevailing, and
May reacted to 70Ac. The days At
lantic port clearances of wheat and
flour equalled 1885, goo bushels. The
quantity on ocean passage increased
100000 bushels. Last weeks ship
ments were enormous, being placed be-
tween 100000 and 100000 bushels,
of which over so per cent came from
this country. The demand for export
at the seaboard was reported fairly
good. Outside orders became numer-
Gus about this time and a good deal
OF buying here for the long account
sent the price Of May up again to 714c
The majority OF traders held call priv
ileges around those figures, and in an
endeavor to secure those profits May
sagged off to rose at the close.
Light offerings and the strength in
wheat helped corn early. For time
the bidding was so spirited by the old
time bulls that May, which opened
1s@Ac higher at B037Ac, was
forced up to 37hQ375sc. Receipts
were very large, however, 1,025 cars.
and the visible showed an increase of
100000 bushels. Those influences
contributed to keep the price down,
and when the buying had subsidized
somewhat May gradually declined to
SIC and closed at 371sc.
Oats followed corn, showing strength
early but weakening later. There was
a good demand from outsiders during
the fore part of the sessian. but this
dropped off when the market declined
Receipts were moderate. 239 cars. May
open9d 1sc up at 27ss@271Ac; rose to
275s627Ac. and closed at 27t5c. The
favorable character of the new pro
posed German meat inspection Bill
Strengthened provisions early. Com
mission houses seemed to well sup
piled with buying orders on the ad-
vance Tut packers sold freely. After
the vision houses had procured all
u