Wheeling register. [volume] (Wheeling, W. Va.) 1878-1935, 1899-01-20
MINING STOCKS.
PRODUCE.

Chicago, January 19.-Heavy domes-
tic receipts, weak foreign markets,
small seaboard clearances and poor
shipping demand finally won the strug-
gle with bullish sentiment in wheat to-
day and May after an advance of sc
closed AW3sc lower. Corn and oats
left off a shade higher. Pork, lard and
ribs are practically unchanged.
Unfavorable news from abroad gave
wheat a weak start. The Liverpool
market paid no attention to the ad-
vance here yesterday, but on the con-
trary was I'D lower and the continen-
tai markets also tended downward,
while all adviceS continued to speak
very encouragingly of the outlook for
a large yield in Argentine and India.
May opened B0Mc lower at 1880
T04c, and although the crowd were in
cllned to buy, their enthusiasm was
checked by the execution of heavy sell
ing orders fer futures from the United
Kingdom in the hands of commission
men. The Northwestern receipts were
quite moderate, howevs,, and that in
the minds of local opeSators partially
Offset the bearish news from abroad.
Wall street stocks and cotton were
both strong to begin with and that was
considered another and still more i'm
portant reason for disregarding the de-
pressing aspect of the European news,
the consequence being that the weak
ness at the opening in a short time re-
placed by a spasm of sentimental
strength, and wheat rose quickly to
71Mc. Chicago received III cars Of
which IA were graded contract. Min
neapolis and Duluth got $50 cars
against AZ for the same day last week
and 307 a kear ago. The aggregate re-
ceipts at western primary markets was
$4,000 bushels, whereas last year 321,-
600 bushels were received. ClearanceS
of wheat and flour for the day from
Atlantic ports were equal to 420, 900
bushels or about half what they were
yesterday and only about one-third as
much as on many recent occasions.
New York reported 40 boat loads
wheat worked for export at an early
period of the session and one of the
many small successes of the bulls in
the days markets followed that an
nouncement. Sentiment in favor of
higher prices, however, had about eX-
hausted itself an hour or so from the
close when it was found that there was
hO uCIloIu III OpoI NAiCo az oT2C q
bushel below the speculative price of
May. Near the end early purchasers
became sellers and May began to sag
slowly. finally working down to 1890
703sc, at which it closed.
Corn met with buying of a character
which led the crowd to believe that
prominent parties were becoming in
terested. The strength in New York
stocks tended to awaken speculation
and as there was very little selling
pressure early prices advanced sharply.
Receipts were 455 cars and arrivals at
western primary markets were very
large, while the shipping demand had
dropped off entirely. This had a de-
pressing effect as the session advanced
and as soon as wheat began to decline
the decline in corn dropped off and the
early gain was all lost. May opened
a shade lower at 1864 @36Mc, advanced
to 374c. then reacted to 36B Oslo buy
ers at the close.
Oats followed closely, being influence
ed by the same reasons which governed
the leader. Trade was active aud al
most all the recent sellers turned buy
ers, but in the end outside selling pre-
dominated and the market weakened
at the close. Receipts 73 cars. May
opened a shade lower at 27Rc, sold at