Wheeling register. [volume] (Wheeling, W. Va.) 1878-1935, 1899-12-18
PRODUCE.

CHICAGO, December 16.-Provis-
Ions were conspicuously active on the
Board OF Trade to-day, weakening on
heavy profit taking, precipitated by the
Boston financial difficulties, May pork
closing zoe, May lard 12hc and May
ribs 7k@10c under yesterday. Wheat
weakened on the government report,
but steadied on a better export inquiry,
May closing Ac down. Corn closed
B@Ac lower and May oats unchanged.
The activity of provisions was the
feature on the board to-day. The pit
crowd was large and with few excep-
tons those who composed it were SELL
ers for profit, an operation with which
they fattened their purposes animated
ly throughout the session to the detri-
ment of the price. The liquidation was
set going by the Boston financial re-
port. Fluctuations were wide, partic-
ularly in pork. The shipping demand
was as good as ever, the hog supply
small and prices at the yard firm.
Brokers were. free sellers of May lard
and holders let out lines of May pork
and ribs. At the decline the invest
ment demand asserted itself, steadying
the market for a time. May pork, hav-
ing dropped zoe, regained half the loss,
but let it go again. May pork sold
from 5000 to $40. So and closed zoe
under yesterday at $40. 40, May lard
from S.. IS to $50, closing 121Ac down
at S.. 65, and May ribs from $3.50 to
5 $50, with the close 7R@10c lower at
IS. 50@5. 52k.
Wheat was weak the greater part of
the session because the trade thought
the government report bearish. The
Boston financial decentralization also
had a depressing effect. The pit was
quiet after the usual Saturday manner.
The South African new was variously
regarded and the export demand early
not pressing. Receipts as usual were
light. May opened %@hc down at
69@691sc and sold down to 68Bc. Here
the market received some support
from buying against puts, under which
the price had slumped, and held steady
for some time. Foreigners, who we're
the principal buyers throughout, to-
wards the close made their influence
felt and as their moves were, believed
to reflect bullish deductions from the
tangled South African situation the To-
Gals raised their bids a bit and shorts
did some covering. The shipping de-
mand also improved late in the session.
May advanced to 69%c, at which the
option closed &c under yesterday with
the tone of the market rather firm.
Seaboard clearances in wheat and -four
were equal to SOC, 900 bushels. Primary
receipts were 557, 900 bushels against
1,04S, 800 bushels. Minneapolis and Du-
luth reported 355 cars, compared with
469 last week and $40 a year ago. Re-
ceipts here were 70 cars, ten Of contract
grade.
Corn was easy. a condition due to
freer country offerings. The market
was dull and of little Importance, near
ly all the trading being in the hands
of professionals. The shipping demand
was rather sluggish. Clearances were
COL 400 bushels and receipts here 269
cars. Local stocks are expected to
increase SOC, 900 bushels. May ranged
from 32Bc to 33%c, closing h@Ac
down at 33c.
Nobody seemed to notice the oats
market, trivial as it was. Local re-
ceipts were 105 cars. Some increase
in stocks here is expected. Estimated
receipts tomorrow: Wheat, 60 cars;
corn. $50 cars; oats, 125 cars; hogs,
10000 head.
The leading futures ranged as follows: