Wheeling register. [volume] (Wheeling, W. Va.) 1878-1935, 1899-01-28
MINING STOCKS
PRODUCE.

as indicated by rapid and frequent fuc-
t~uations, characterized to-day's trading
in wheat. During the last half hour
OF the session May showed a gain fer
the day Of 1bc, but the greater por-
tion OF the advance was lost on account
Of heavy realizing and May closed nc
higher. Corn left Off at an advance CT
PC, and oats unchanged. Pork and
ribs rose 7hc each and lard 5h@7hc.
Wheat started under much less excite
ment than its closed yesterday, but
with no indication that the bull feeling
lad abated to any considerable extent.
May opened a shade higher at from 7Gc
down to THO, and while some outside
buying orders were being executed i'm
proved to 78M078Bc. After this de-
mand had been satisfied several local
spectators evidenced an inclination to
sell, not only parting with long wheat
that showed a profit, but trying the
short side in an experimental and con-
~servative fashion. AS there seemed to
be a disposition or the part OF trad
ors with Wall street connection 10 let
matters settle somewhat before taking
on fresh holdings, the market became
heavy and May, after a number Of
fluctuations between 777sc and 76c, de-
cllned 10 77$sc. But at this time a
cablegram from Liverpool was received
to the effect that Argentina was Offer
ing very slowly on account Of decreas-
ing premium on gold, and that Russia,
for political and financial reasons, was
not selling much wheat. Some conf
dence in the legitimacy Of the bull
speculative feeling was impaired by the
latter information and the decline was
arrested in consequence. IN addition 10
this buying orders from the outside CT
an urgent nature became numerous,
and Nay began to climb again. Re-
ceipts were 10 cars, OF which IA were
graded contract. Minneapolis and Du-
iuth got 1856 car loads compared with
1914 a year ago, and the aggregate CT
western primary markets amounted to
GA coo bushels, whereas only $4,000
bushels was received for the same day
last year. Atlantic port exports of
wheat and flour were enormous,
amounting to 952, 900 bushels. When
these export. figures were posted the
crowd made a wild scramble to buy
and May, hesitating around 78Bc, shot
up to Use. That was a rise of 11Bc for
the day, and the temptation to secure
profits became strong and many sold
cut, and May slumped Off to 77%c. Dur
ing the last fifteen minutes buying
again became spirited and May rose
to 7SBc, the closing price.
Cold weather and increased country
offerings started corn easy. Local
traders disposed of long lines, but the
offerings were readily absorbed by good
commission house buying. During the
last hour of the ses sion ruTors of heavy
Wall street buying started the crowd
to cover, and May rallied a cent from
the low point of the day. An excellent
export demand was also a helping fac
tor. Profit taking during the last few
minutes caused a moderate setback.
Receipts were 557 cars. May opened
1s0Ac lower at 3SA@3835c, sold SPAR
ingly at 3SA5, advanced quickly to
3915c, then reacted at 391sc buyers at
the close.
Oats kept in close touch with corn,
although it did not show as much gain
as did the latter. Much speculative
trade was slow and the demand for
cash was limited to car receipts. Re-
ceipts were 1875 cars. May began a
shade lower at 2S5s @2S%c, declined to
2S1kc, improved to 29c, then weakened
TO 2SMc, the closing price.
Provisions ruled strong and higher
all around. The volume of trade was
large and for the first time in several
months important packing interests
were arrayed on the bull side. May
pork opened 5@10c higher at s10.62h@
10.67H, declined to s10.55Q10.571a, rose
to 5000 and closed at s10.65 buyers.
The range in lard and ribs was small.
Estimated receipts for Saturday:
Wheat, 1870 cars; corn, 40 cars; oats,
1856 cars; hogs, 10000 head.
TIL leading futures ranged as follows: