Wheeling register. [volume] (Wheeling, W. Va.) 1878-1935, 1899-01-14
WHEELING REGISTER SATURDAY, JANUARY IA, 1899.

bearish influence in wheat to-day and
an early Use Of y was wiped out, May
closing unchanged. Corn left of 80
Nc lower and oats closed shade high
err Pork lost 1o@121zc, and lard and
ribs TIC each.
| Unexpected strength at Liverpool,
| where the market was quoted Esd high
er, notwithstanding the weakness here
| yesterday, started wheat strong. This
! advance, which was wholly independ-
ent of any known conditions, made
| shorts somewhat nervous, and instead
! of May wheat being pressed for sale at
! 70Ac, as it was yesterday afternoon,
| there were buyers anxious to get it at
! from 71Ac to 713sc. Local profession
J ais, who almost to man have sold
/ wheat short for week, placed very
| little confidence in the opening rally,
! and in accordance with their views
| sold more at the advance. On a fur
ttther rise to 713s@71kc during the
1
| in the next half hour had the satisfac
| ton of decline to Tic. The sellers,
| other than those who were short, were
| not numerous during the decline re-
| ferred to, apart from those who had
! the protection Of calls for the day at
| from 71Ac to 713sc, and the market
| was quick to react on any moderate
demand. Receipts at Chicago were 101
cars, of which Ia were graded contract.
Minneapolis and Duluth reported SOC
cars, against 412 for the same day last
{ week and 1854 a year ago. The aggre-
gate of western primary receipts was
1000 bushels, compared with $4,000
bushels last year. New York wired
| early in the day that the foreign de-
mand for wheat and corn had improved
and there was a good amount reported
disposed of at Kansas City for direct
export by way of gulf ports. This held
the market fairly steady, until re-
newed reports from Argentine claim
! ing that the weather was all that could
be desired and the exportable surplus
was being enlarged, started longs SELL
ing on most elaborate scale. The
persistence of the bears was finally re-
warded by a further decline, May get
ting down to 705sc about half an hour
before the close. The market was pre-
vented from a further decline by New
York reporting Is boat loads being dis
posed of for export, and May closed at
70%c buyers.
Continued wet weather and the
wheat rally strengthened corn at the
start. Heavy receipts were against the
price, however, and as the market was
given little support, free selling against
calls soon caused feeling of depres-
sion to set in. Receipts here were 669
cars and at western primary markets
10S2,O00 bushels. May opened Ac
higher at 37h@375sc, held steady at
375sc, then slumped off to BIC, and
closed at 371sc buyers.
A good cash demand, light receipts
and speculative buying helped oats.
Top prices were not maintained, how
ever, and the market eased off in SYM
pathy with corn. Receipts, 131 cars.
May began nc up at 2S@2S1sc, declined
to 27a4c, then firmed up to 277sc at the
close.
Further taking of profits by recent
bulls in provisions caused another
slight decline in prices. The market
was burdened throughout the session
by a poor shipping demand for meats
and lower prices for hogs at the yards.
May pork opened 21ac lower at $1O.15,
declined to $1005 and closed at $10.050
10.O71b. The range in lard and ribs
was inconsequential.
Estimated receipts for Saturday:
Wheat, 1856 cars; corn, 100 cars; oats,
100 cars; hogs, $4,000 head.
The leading futures ranged as follows: