Wheeling register. [volume] (Wheeling, W. Va.) 1878-1935, 1899-11-11
MINING STOCKS.
PRODUCE.

CHICAGO, November 10-As re-
suit of a surprise in the shape of enor-
nous Argentine shipments which to-
| dag went even lower closing at de-
cline of 3s@kc Corn exhibited rel
alive strength on small country Dus.-
ness, December closing unchanged and
May shade lower. Oats closed 1s@Ac
| lower for December and shade under
for May with corn and wheat. Pro-
visions closed slightly lower.
Information completely discouraging
to bull sentiment caused an opening
break in wheat of 1a@5sc, December
starting at 671a and May at IFS @7l72.
Liverpool was weak and grew steadily
! weaker with the progress of trading
but the chief factor in the decline was
the heavy Argentine shipments which
caused lot of liquidating by local
longs. The Argentine supply was gen
orally supposed to have been exhausted
and the news that shipmenets from the
other side of the equator were l,752,O00
bushels came as a surprise. The price
held for a short time on the buying or
shorts and against puts, December
touching 67A and May 719s but the
letting out of long caused a decline,
December dropping to 673s and May to
711s. A report that the Argentine
crop had been injured by dry weather
caused a rally from the bottom but as
there was no confirmation of the re-
port the little gain was soon lost.
Covering by shorts near the end OF
the session caused an advance, De-
cemIber going to 675s and May to IT'S,
$s@Hc below yesterday, and the close
was at those prices. A feature of the
market was the narrowing of the De-
cember. May spread to 33%c with
good deal of changing as if the elevator
people were accepting the difference.
The seaboard reported 10 boat loads
taken for export. Seaboard clearances
were $4,000 bushels. Receipts were
light. $ Primary points reported re-
ceipts OIL 957,665 bushels as compared
with 1,541 Alp year ago. Minneapolis
and Duluth receipts aggregated 800
cars, against 71S last week and 1910
a year ago. Receipts here were 102
cars, &c of contract grade. An under
current of confidence in the future value
of corn rescued that cereal from the
decentralization which struck wheat.
This belief was largely based on the
smallness of country offerings. Cash
business at the seaboard was reported
discouraging, Argentine shipments
were large and Liverpool lower, but
traders continued to buy and the price
to hold its own. The opening was at
a loss of 1sc with wheat, but buying
by shorts and traders and the close
listed attitude of holders of the long
article caused rally which held to the
close. December opened at 311s@31A,
ranged 311s @311a and closed at 31A@
31as, unchanged from yesterday. May
closed a shade down at 327s. Primary
receipts were $4,000 bushels compared
with 743,000 a year ago. Chicago re-
ceived 223 cars. Atlantic port clear
ances were 100000 bushels. Fifteen
loads were reported taken for export.
Oats were neglected by spectators,
selling within range of Ac and act
ing in a sluggish sort of way with corn,
Shipments for the month have about
equaled receipts. Receipts were 2l7
cars at this point. December ranged
22H 0221a and closed at 22ss.
Provisions excited little interest.
Buying OF December pork aided the
price for time but the weakness of
the grain market and lower hog prices
counteractedt his. January pork closed
sc lower at SO 679h; January lard
shade under at S. %, and January ribs
21sc lower at S. 90.
Estimated receipts tomorrow:
Wheat, 95 cars; corn, $50 cars; oats,
It's cars; hogs, 10000 head.
The leading futures ranged as follow: