Wheeling register. [volume] (Wheeling, W. Va.) 1878-1935, 1899-09-23
MINING STOCKS.
PRODUCE.

| wheat market showed the effect of yes
| terday's failure of a leading bear firm.
Relief from the heavy selling pressure
from this source was a big factor in
the advance of 11sc which marked the
! close in December. September closed
&c higher. Higher cables and big
export demand were influential in the
| advance. Corn was strong on big
!. export demand and closed ssQMc
higher. Oats advanced 3s@5sc, and
provisions closed 21ae lower to 71ac
-ligher.
Wheat opened firm at a shade over
yesterdays closing price for December,
and though there were periods of reac-
ton, the general tendency of the mar
| ket was upward to the close. At the
start business was rather slow. but
with buyers in the majority. Liverpool
was up 3s@1ad, partly on the good spot
demand at that market and partly on
vaal. Primary receipts were large,
! but clearances were also heavy, and
early in the session good export bust
ness was done The main feature of
the strength, however, was the elimin-
alton Of the heavy selling pressure re-
! Gently put on the market by the firm
whose suspension was announced yes
to-day. A good deal of inherent
strength was suggested by the great
amount of wheat the market had ab-
| sorbed from that source v ithout any
material decline, and it impressed
| Spectators to a considerable degree.
| Good buying was done by the local
crowd, but outside support was also
| prominent, st. Louis being a big buyer.
| The strengths shown by the coarse
| grain markets also made its influence
| felt on wheat later in the session.
| Trading gradually broadened and dur
| ing the afternoon was quite active,
/ with prices steadily advancing. The
market got considerably over call
prices. There was a good deal Of SELL
ing against those privileges, but every
| thing offered was readily absorbed. One
of the largest export houses in New
York reported more general acceptances
Of offers of wheat to foreign points
| than at any time since the Letter deal.
! That many offers were still somewhat
under the market was shown by export
| engagements of but 80 loads. Most of
! the statistical news was bearish, but it
had little effect on the market. Argen-
/ tine shipments were large, 1852, 600
| bushels. Minneapolis and Duluth re-
ceipts were 94S xsars, against 1922 last
week, and $50 a year ago. Chicago re-
ceipts were LAT cars, 81 of contract
grades. Total primary receipts were
1,0S2,000 bushels, compared with 1867
900 a year ago. Atlantic port clear
ances of wheat and -four amounted to
| Csc, 900 bushels. December opened at
/ IT'S ore. It sold at 71%@717sc imme-
! diately after the opening, then advanc-
ed steadily to 73c, and closed firm and
| 1@11sc higher at 727s@73c. Almost
nothing was done in September. Offer
ings were light and but few bids were
necessary to advance the price &c. 1t
closed at 74e.
Minneapolis reported more flour sold
this week than has been sold recently
! in month. This had some effect on
the closing strength. There was a big
| speculative trade in corn. Brokers
were all well supplied with buying or
| ders, and prices advanced sharply with
| December in the lead. The cash de-
mand was large with foreigners accept
! ing literally for shipment of the new
| crop. The wet weather was expected
| to restrict country movement and
/ stocks Of old corn were reported low.
The seaboard reported nearly 100 loads
taken for export. Shorts were large
buyers on the rally Receipts were
1855 cars December ranged from 29A
029ssc to 3O1sc. and closed &c higher
at BOISE.
Cats followed the lead Of other
grains The market was strong all day
with good general demand-and shorts
covering freely. A good cash demand
was reported. Receipts were 2S6 cars.
December ranged from 221sc to 22Ac,
and closed Sc higher at 2224c.
Provisions were rather dull. but
steady. The market was helped by the
strength of grain markets and sharp
advance in meat prices abroad. and
prices averaged a little higher. En-
glish houses sold lard moderately. At
the close January pork was 71ac higher
at 500; January lard. 71se lower at
S5.52112, and January ribs a shade high
er at s5.05. Estimated receipts for Sat
urday:
Wheat. 135 cars: corn. 500 cars; OATS,
325 cars: hogs, 10000 head.
The leading futures ranged as follows:
Articles. Open. High. Low. Close.
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