Wheeling register. [volume] (Wheeling, W. Va.) 1878-1935, 1899-09-06
PRODUCE.

CHICAGO, September weakness
in the Northwest and heavy receipts
at all points were mainly responsible
for declines of 1s@Ac in deferred fut-
ures in wheat to-day. September was
! in good demand and closed 1sc higher.
Hot, dry weather caused an advance
of A@3sc in corn. Oats closed un-
changed to nc higher and provisions
about TIC higher.
The first impulse of traders in wheat
was to buy, slightly higher quotations
from Liverpool and other foreign mar
kets overshadowing for the time being
the heavy receipts everywhere. The
rsult was an opening advance of about
s@Ac in December and 14c in Septem-
Der, December starting at 71as@7lRc
and September at 697sc. A short pc
Rod of realizing followed during which
December declined to 71Bc. but the
steadiness displayed by corn and some
rather bullish reports on the condition
of spring wheat crop sent the price back
to the opening figures where they held
for a short time. Everything else in the
way of news favored the selling side,
and before IL o'clock the market be-
gan to weaken and from that time to
the close deferred futures exhibited
more or less weakness September, how
ever, was quite steady. The elevator
people were buyers of Septembr on ac-
count of the small carrying charge and
the premium between September and
December was reduced 1Ac. The
marked weakness developed ii the
Northwest and a good many selling or
ders came from that section which in
fuenced local trading. Both Duluth
and Minneapolis declined further than
Chicago and predicted continuance of
heavy receipts. This with the poor
cash demand had a marked influence
on trading in December and May and
made those options the object of con-
siderable liquidation and short selling.
Speculation at times was nearly at a
standstill which made the cash weak
ness more apparent. Toward the close
there was a tendency to cover by the
shorts who had sold earlier in the day
and this caused slight rallies. Mime
apolis and Duluth receipts were 1900
cars for two days. Chicago receipts
were 253 cars. Total primary receipts
were 2,021,000 bushels for TWO days,
against 3,059000 for the corresponding
days a year ago. Atlantic port clear
ances of wheat and flour amounted to
1,199 bushels. The seaboard made no
mention of export demand to-day. De-
cember declined to 70a4c and advanced
to 71@711sc, where it closed. Septem-
Der closed at 69%c.
Corn showed considerable firmness,
in view of the enormous crop estimates,
and after a period of weakness early
ruled higher to the close. The weather
in the corn belt was dry and hot and
there was apparently some apprehen-
sion of damage, complaints of which
were numerous. September was espe-
cially strong. The cash and export de-
mand was excellent. Receipts 1880 for
two days. December ranged from 285sc
to 291sc and closed A@asc higher at
29@29Bc
Oats were steady and very dull,
prices keeping within a narrow range.
The market in general followed corn
and closed at slight advance. There
was some buying by September shorts.
The shipping demand was fair. Re-
ceipts were STA cars. December ranged
from zoe to 20Ac and closed shade
higher at 2O1sc. September closed &c
higher at 205sc. Provisions were
steady, notwithstanding lower cables
and reports of new yellow fever cases
at Key West. Selling was light and
scattered and the demand fair The
strength of corn helped the market,
everything closing firm at advances.
At the close October pork was TIC
higher at $8121a; October lard TIC
higher at $3.50, and October ribs TAO
1oc higher at $5.2O@5.221a.
Estimated receipts Wednesday:
Wheat, $50 cars; corn, 7S0 cars; oats,
500 cars; hogs, $4,000 head.
The leading futures ranged as follows:
Articles Open.t High Low Close.