Wheeling register. [volume] (Wheeling, W. Va.) 1878-1935, 1899-08-19
MINING STOCKS.
PRODUCE.

| CHICAGO, August 1S.-Speculative
| wheat market again basked in the sun
| shine of an active cash demand. An
advance of asc was scored in September
wheat and 1sc in December Corn clos
ed irregular at &c higher for Septem-
Der but barely steady for referred flu
| lures Oats closed a shade higher.
Provisions advanced 21a@5c.
! Liverpool, always an influence on
t local trading, showed an opening de-
! cline of I'd, which was unlocked for
after yesterdays advance here and had
the result of depressing prices about
| Ac at the opening, September starting
at 71B@71Ac. The selling pressure,
| however, came almost entirely for small
| spectators and was of local nature.
1t was not heavy enough to long de-
| press prices, and soon after the opening
the market began to rise, and for the
| remainder of the session showed con-
| siderable firmness. Reports of a big
I cash business done yesterday, indus
| triously denied by the bear crowd,
were confirmed to-day, and the inllu
ence of the cash demand was augment
| ed by further heavy bids to-day. The
actual amount of business done could
not be ascertained, as shippers would
! not give out their transactions until
freight rates had been secured. Heavy
rains were reported in the northwest
| and apprehension of wheat sprouting
and being otherwise damaged increased
the demand. Another and more bull
ish feature of the northwest neYs was
the continued disappointing threshing
returns which strengthened the belief
that recent crop estimates were 100
large. Commission houses had numer-
Gus bids from the east, based on for
eign demand, but the actual article was
hard to get, elevator people refusing to
let go. The cash business late in the
day was put at 100000 bushels. but it is
questionable if this amount was work
ed. Shorts bought heavily at times and
this bulled the market, bringing the
smaller fry to cover Professional
longs also took considerable wheat.
September advanced to 72c we'll above
calls, and good deal of realizing was
done at around that price, resulting in
a reaction to 715s@71Ac. Minneapolis
and Duluth receipts. We're 212 cars,
against lis last week and 327 year
ago. Chicago receipts were 81 cars, six
of contract grade. Total primary re-
ceipts were $4,000 bushels, against
$4,000 last year. The fact that pri-
mary receipts are now under last year
was no small factor in the strength.
Atlantic port clearances of wheat and
-four amounted to $4,000 bushels.
Northwest stocks will probably de-
crease 100000 bushels and a decrease
in the worlds visible was looked for.
The demand for September was much
greater than for the more deferred flu
lures and December and May in conse-
quence showed but little advance Sep
TENDER closed firm at 15s071%c.
Corn was firm for September, barely
steady for later months and dull for all.
The strength of September was due to
the small receipts, the strength of
wheat and the good cash and export de-
mand. Receipts were 1913 cars. Sep
TENDER ranged from S09s@3o%c to Sic,
and closed A@34c higher at Bic.
Oats showed more activity than
usual. The market in its essential fea-
lures was counterpart of corn, firm
for September but barely steady for
May. There was an excellent cash de-
mand and this and the strength of
wheat supported September. There
was considerable selling at the top fig
ures. Receipts were so cars. Septem-
Der ranged from 1890 to zoe; and closed
a shade higher at 1875 @20c.
Provisions were strong with a some
what broader market, prices advancing
all around. A good consumptive de-
mand was reported by packers. and this
was the basis of the speculative
strength.
Lack of offerings was a feature. At
the close September pork was &c higher
at sS.S2la; September lard 211ac higher
at s5.221a, and September ribs 21a@Jc
higher at s5.10@5.121a.
Estimated receipts for Saturday:
Wheat, so cars; corn, 80 cars; oats,
SIS cars; hogs, 1900 head.
The leading futures ranged as follows:
Articles Open High. Low. Close.