Wheeling register. [volume] (Wheeling, W. Va.) 1878-1935, 1899-11-09
MINING STOCKS.
PRODUCE.

CHICAGO; November 8.-Liverpool S
weakness was the chief factor in the
grain markets to-day. Wheat closed lie
and corn ss@1ac lower. Oats sympa-
thetically lost Nc. Provisions were
heavily sold. January pork closed so
7Hc lower; January lard shade un-
der and January ribs 21ac higher.
The loss in Liverpool worked potent
ly in the. price of wheat at the opening.
The initial price was under puts at a
loss from yesterday of 7s05sc. De-
cember at 6812@6S5sc, and May at 721a
@725sc. At these figures there was
some buying by shorts and against
holders of puts which resulted in rally
of &c. This failed to hold. The fact
that there was almost no outside de-
mand acted as a bearish influence and
there was a rush to dispose of long
stocks on the bulge. The price de-
clined December to 6S3s@6S1ac, and
May to 723s0721ac. At this point
there was a rally caused by deter
mined effort to protect puts, which
sent the December option to $3.50 and
the May to 7214@725sc. These figures
acted merely as a bait to holders and
the price eased off on profit taking to
6S1sc for December and 721sc for May
The close was weak, December at 6S1s
@68Ac, and May at 7z1ac. AT no time
did the price get above puts. A report
ed increase of 2S,000,000 bushels in the
worlds stocks for October had much to
do with the closing weakness. North
west receipts were TIC cars, as COM
pared with 1854 last year and $50 last
week. Receipts at primary points were
$4,000 bushels. Including yesterday s
receipts, incompletely reported on &C
count of the elections, primary receipts
were 100000 bushels, as against 81
$4,000 bushels a year ago. Receipts
here were So cars, seven of contract
grade. Export clearances at the sea-
board, exclusive of yesterdays, were
equal in wheat and flour to $4,000
bushels. Bradstreet's reported a de-
crease of 81, Asa, 900 bushels. New York
reported % loads for export.
Corn showed little strength following
wheat on the Liverpool weakness.
Local receipts were small, but the
country acceptances were reported in
creasing. Trading was moderately ac-
tive. The opening was at a loss of
B@Ac from yesterday. The market
declined steadily under liquidation and
was at its weakest at the close. De-
cember opened at 31ss@3115c, ranged
to 31B@315sc, and closed ss@1ac low
er at S1B @31Ac; May opened at S25s
@32Ac, ranged to 321aQ327sc, and clos
ed at 321ac. Receipts were small, only
151 cars. Seaboard clarances were
$4,000 bushels
Sympathy with corn and some liberal
selling by shorts caused decline of 4c
in oats. The trade was fairly good
but no transactions Of importance were
reported. The cash demand was slow
both locally and at the seaboard. De-
cember oats opened at 221k@22ssc, sold
at 223sQ225sc, and closed at 223s q
221ac. Receipts here were ISL cars.
Irregularity marked the trade in pro-
visions. The opening was at slight
gain and this was followed by an adj
vance chiefly in pork, which went UP
71sc, caused by investment buying and
liberal shipping orders. The market
turned weak later on free selling OF
pork and lard. January pork closed
5@51sc under yesterday at 1870; Janu-
airy lard shade under at s5.25, and
January ribs 21sc higher at $500.