Wheeling register. [volume] (Wheeling, W. Va.) 1878-1935, 1899-09-13
MINING STOCKS.
PRODUCE.

stirred uD wheat to-day, but a sub
stantlal advance was lost late in the
session. A large increase in the world S
visible was the incentive for bear
raid. December closed unchanged and
September Zee higher. Corn closed
without material change. Oats ad-
yanced 1sQAc for December and closed
a shade higher for September. Provis-
ions declined 5@10c.
At the immediate opening in wheat
yesterdays bullish government crop
report did not have any appreciate Ell
feet on prices. On the contrary, the
market was inclined toward weakness,
the bears, taking for their cue the heavy
northwest receipts Offering wheat in
considerable quantities. The result
was small declines in everything. 1t
was evident that the government re-
port which indicated a total crop of
something like 4S7,000,0 900 bushels was
not so lightly regarded in the country
for outside buying orders began to
stream in shortly after the opening.
The buying was so brisk in comparison
with the recent dizziness that for the
time 'bein git took the breath away
from the professional bears, and prices
shot upward with considerable rapldlty.
December opened a shade lower at TO
II sc and reached 715sc before realiz-
ing became heavy enough to cause a
temporary setback. September opened
B@Ac lower at MB@71Ac and adj
vanced to 7118c and around those
prices a good business was done. The
tone of the floor gradually became de-
cidedly bullish, the sentiment being
strengthened by heavy outside buying
and shorts covered freely. Prices kept
on the upgrade until within thirty
minutes of the close with the brCadeSt
business in weeks. December adj
vanced to 71B072c and September to
TIC. This was we'll above call fig
ures, but no reaction of Importance
took place until the posting of Brad
streets figures ON the worlds visible,
showing an increase of 4,935,000 bush
els. This was far beyond what the
trade anticipated and had an immedi-
ate effect In the meantime shorts had
covered generally and the selling move
ment which started found little oppo-
sition. Prices dropped rapidly from
that time to the close, though Septem-
Der was given better support than the
more distant futures. December was
the object of a determined raid by pro-
fessional bears, and at the close all OF
the earlier advance had disappeared.
Minneapolis and Duluth receipts were
1852 cars, including two days receipts
at Duluth, compared with Laps last
week and 1423 a year ago. Chicago
receipts we're 23S cars. IA of contract
grade Total primary receipts were
], 400 900 bushels against 1,492,O00 bush
els last year Atlantic port clearances
of wheat and flour amounted to $4,000
bushels. There was no shipping de-
mand here. December declined to 800
791sc and was bringing that price at
the close. September declined to 7078c
and closed at that price.
Corn was fairly active and irregular.
The market early felt the government
report, considerable outside buying be-
ing done, especially in deferred futures.
The strength of wheat also had its eff
feet. Later in the day the market be-
came weak and all the advance was
lost. Weakness was more marked in
September due to offerings of new Kan
sas corn for shipment via Gulf ports.
Receipts were heavy, 1856 cars. The
export demand was good. December
ranged from 20 "a " Zo9SC 10 rs W 20 "a 7
and closed a shade higher at $3.50
2S1hc. September closed shade lower
at 31@311 nc.
Oats were firm and higher, though
not maintaining best prices. The bull
ish government report and the early
advance in wheat and corn stimulated
buying and caused good advances all
round. The late break in old grains
had some effect, but the market was
steady at the close. Receipts were 522
cars. Shipping demand was only fair.
December ranged from 20%c to &c
and closed 18@1sc higher at 2OB@
21c.
Provisions were weak all day and
closed the bottom of substantial de-
cline. Hog prices were lower and yell
low fever news was disuuieting. The
strength of grain markets probably pre-
vented a larger decline. AT the close
October pork was 10c lower at S.. 90.
October lard &c lower at S.. 221a, and
October ribs 5071ac lower at S5.1712
@5.20. Estimated receipts Wednes-
day: Wheat, 40 cars; corn, 500 cars;
oats, 260 cars; hogs, $4,000 head.
The leading futures ranged as follows: