Wheeling register. [volume] (Wheeling, W. Va.) 1878-1935, 1899-12-19
Mining Stocks.
PRODUCE.

CHICAGO, DecemDer 1o.-luuiCd-
lions that the war in South Africa has
reached proportions sufficient to actu-
ate a marked improvement in the for
eign demand caused a sharp advance
in wheat to-day, May closing lac over
Saturday. Other grains were influence
ed by wheat, May corn closing &c and
May cats A@asc higher. Proft-taking
depressed the provision market, May
pork closing TIC, May lard and May
ribs 71Rc lower.
The small worlds shipments the
decrease on passage and other statistics
reported bullish were completely over
Swallowed in the wheat pit by the for
eign news. The call for additional
volunteers for the British forces in
South Africa alone, it vas believed, in
creased the Importance OF the Boer
war sufficiently to stimulate the grain
market. The strength of Liverpool
and the vigorous buying of foreigners
was sufficient support for the theories
of local dealers, and the market strong
at the opening added to its strength
throughout the session. The crowd in
the pit was large and the activity and
volume of trade greater than 1t has
been before in months. May wheat
opened h@%c over Saturday at $3.50
zoe. Shorts covered, but offerings were
not liberal and the price advanced to
7Oh @7O%c.
From this point the market early
dropped off to the initial figures O.
selling against privileges as the price
was far above calls. But this was
regained and from that point to the
close the advance was persistent. Out
side buying orders were on the floor
in force, shorts became fearful and
covered at substantial losses and
through it all the foreigners bought
literally, absorbing every offer not 9TH
erwise disposed of. A few minutes be-
fore the last trade had been made May
was at 71Ac. The close was 1%c over
Saturday at 71kc. Primary receipts
were 697, 400 bushels against 1,S21,200
last year. Minneapolis and Duluth re-
ported 554 cars against 500 last week
and 1,495 a year ago. Receipts here
were Sc cars, nine of contract grade.
Atlantic port clearances in wheat and
-four were equal to 271, 600 bushels.
Local stocks increased 1,179,0 900 BUSH
els. New York reported % loads Ia
ken for export.
Corn was firm with wheat and the
market rather active. The strength of
wheat was the factor. The response,
however. was held in check to a de-
gree by some liberal profit taking. The
export demand was good. Local re-
ceipts were 259 cars. May ranged from
S3Ac to 33kc, closing sc up at
1850.
The animation and strength of wheat
produced only a drowsy movement In
the oats market. The receipts were
22S cars. May sold from 241sc to 24ssc
and closed B@Ac better at 24A@
24%c.
Provisions opened strong and there
was al early advance with wheat, but
this was lost on revising, principally
by New York longs, who were inhu-
enced by the Wall street situation.
The liberal supply Of hogs and lower
prices at the yard had something of a
depressing effect. May pork ranged
from $40 27h to $40 55 and closed TIC
under Saturdays close at $40 021a;;
May lard from S. 57h to SIS 20, clos
ing sc under at SIS so, and May ribs
from S. 1905 421h to IS 55 and closed
TIC down at S. 421k @5 As.
Estimated receipts tomorrow:
Wheat, 100 cars; corn. SIC cars; oats,