Wheeling register. [volume] (Wheeling, W. Va.) 1878-1935, 1899-08-24
MINING STOCKS.
PRODUCE.

CHICAGO, August 23.-Wheat be-
came a strong bull market again to-day
and closed at advances of 5000 Cor
September and ss@7ac for December
Rains in the Northwest, small receipts
strong cables and a good cash demand
caused extensive covering by shorts.
Corn was strong On the cash demand
and closed K@3sc higher. Oats closed
a shade higher for September and May
but shade lower for December. Pro-
visions closed unchanged to 10c higher.
Wheat opened strong at substantial
advances in both September and Deem
Der, the later starting Nose higher
at TAX 074asc, and September CSC high
er at 71Bc. But news came in from all
directions. Liverpool showed an ad-
vance of 1ad. The weather in the
Northwest was again wet with pros
poets of a continuance of the rain, and
receipts, compared with those of last
season, were conspicuously small. The
wet weather caused a good deal Of buy
ing last week and it had the same eff
feet to-day as there was much appre-
hension of serious damage resulting.
The opening advance was stubbornly
fought for time, especially in Decem-
Der, where a slight decline took place
soon after the opening, the price easing
off to 74@74bc. But the news was too
much against the bear side of the mar
ket and before II o'clock prices had
scored substantial advance, Septem-
Der advancing to 7214c and December
to 741sc. These prices were above
calls and selling against those privileges
and natural desire to realize prof ;
caused several soft spots in the market
but no reaction of note occurred until
late in the afternoon. September in
the meantime advanced to 721ac and
December to 74s4c. AT those prices the
demand let up to some extent and I'M
der a moderately heavy pressure to
realize a slow decline took place, Sep
TENDER reacting to T21s@72Ac and De-
cember to- 74A @74asc The close was
steady at those prices. The cash stu
alton was a leading factor in the
strength of the speculative market.
Nearly al the cash houses reported bet
ter bids and one firm reported $4,000
bushels sold direct to a foreign market.
Minneapolis and Duluth receipts were
175 cars, against 1874 last week and AIS
a year ago. Chicago receipts were II
cars, four of contract grade. Total
primary receipts We're 505,000 bushels,
compared with gu 1000 bushels a year
ago. The Northwest predicted small
receipts for some time. Atlantic port
clearances of wheat and flour amount
ed to 100000 bushels.
Corn did not display much activity
but was firm throughout. The strength
of wheat had some influence, but the
large cash demand was the principal
factor. Spectators were also influ-
enced by the small receipts and mod
crate country offerings. Receipts were
1893 cars. Shorts were free buyers Of
both September and December. Crop
bulletins were generally favorable. Sep
TENDER ranged from SIC to 31as @31hac,
and closed nose higher at 31asc.
Little was done in oats. Elevator
people and receiving houses sold mod
erately, but the cash demand was ex-
cellent, about 100000 bushels being re-
ported and this and the firmness of
wheat sustained prices early. The
market, however, followed the late
break in wheat and closed barely
steady. Receipts were $50 cars Shorts
bought September to some extent. Sep
TENDER ranged from 1880 to 201sc, and
closed shade higher at 2Qc Deem
Der closed shade lower at 1875 @1924c.
Provisions were extremely dull. Hog
prices were lower, but there was fair
outside demand for pork and ribs