Wheeling register. [volume] (Wheeling, W. Va.) 1878-1935, 1899-09-22

lid KIT LOT q liHits lO-AdJs 1tttA oSiAts
prices skyward. The market LATER set
LED back into its old rut, closing at
about 3s@%c advance. Coarse grains
ana provisions were affected somewhat
by the wheat furry. December corn
closed a shade higher, put September
Il c lower. Oats advanced 14c, and rro-
visions closed without material change.
Psrtly on account Of misunder-
staining in regard to the northwest re-
CelDts and partly on the advance at
Liverpool, wheat opened strong and at
q substantial advance, December sc
higher at 71A@717c, and September
&c higher at 72c. nu'dth receipts
were Placed at but las cars and the to
tai at both northwest points at 555
cars, which induced considerable COW
erirg by shorts, the falling off being to-
tdllv unexpected.
Minneapolis figures were ir error,
however, as the total was corrected &c
1874 cars, against S79 last week, and ISL
a var ago. This amount was heavy
enough to induce some selling by the
early traders and prices sagged Tor a
time, December declining to 7112c.
About an hour after the opening the
market, which in the meantime had
been gradually rising on heavy buy
ing by Barrett and Farnum, who were
said to be heavily short, were startled
by the announcement of their failure,
and in an instant the pit was in an up
roar. 1t was reported the suspended
firm was short at least five million
bushels, although heavy buying for
their account was done early in the ses-
sion and this fact caused the December
price to jump from 717ss, to which
point it had previously advanced, to
i3c, and then to 70 Lee in an exceed
ingly spirited manner. The market
ran wild. The price changed with great
rapidity under an enormous amount or
trading, December dropping to 72Ac.
back to 725sc, then to re and up again
to 721ac. 1t was said about 100000
bushels were bought for account OF the
distressed firm in about ten minutes.
The skyward trend of prices brought
all classes of shorts into the market.
The furry over the failure gradually
subsidized and December settled back to
71%c During the latter part of the
session the market was almost at
standstill and prices kept within an ex-
teremely narrow range. During the
bulge in December, September had adj
vanced to 1850, on a very small
amount of absence. Offers to sell
about $4,000 bushels of September later
brought no bids and the price was fore
ed down to 7012c, but it later recover
ed to and closed at re. Chicago re-
ceipts were 243 cars, 80 of contract
grade. Total primary receipts were
1916 600 bushels, compared with 1,312,-
600 bushels a year ago. Atlantic port
clearances of wheat and flour amount
ed to $4,000 bushels. December held
firm at 71Bc, and closed at that price.
Corn was slightly affected by the ex-
element incidental to the failure and
fair advances resulted during the morn
ing. The interest of the suspended
firm was small in corn, however, and
later prices settled back. Fluctuations
were rather small and the trade limit
ed. Receipts were liberal, 915 cars.
Fluctuations in September were wider
than in deferred futures and suggested
the presence of still considerable
short interest. The export business
was good. December ranged from 2S1s
@2S4c to 291ac, and closed a shade
higher at 29asc bid. September ranged
from @341zc, and closed &c lower
at 24c.
Oats were also somewhat affected by
the wheat furry and prices ruled high
er all day Some evening up trades
were made for the suspended wheat
firm, and shorts were fair buyers. Best
prices did not hold, but the market
wash steady at the close. Receipts
were 274 cars. There was fair de-
mand for cash December ranged
from 217s to 22Ac, and closed Ac
higher at 221sc.
Estimated receipts for Friday:
The leading futures ranged as follows: