Wheeling register. [volume] (Wheeling, W. Va.) 1878-1935, 1899-10-11
PRODUCE.

CHICAGO, October 10.-Decidedly
lower quotations from Liverpool and a
heavy increase in the visible supply
made wheat heavy to-day and caused
a decline of 1z05sc at the close. Corn
was firm and closed B@Ac higher.
Oats closed shade higher. Oats clos
ed shade higher. Provisions closed a
shade to TIC lower.
A decline of ssc marked the opening
quotations in wheat. Even at that con-
cession there was little demand and
under liquidation by shorts, mostly Of
a local character, caused a still further
recession in prices to take place. Liv-
erpool was slightly lower at the start,
but developed radical weakness before
the close of the session there 1t re-
fected the views of English traders in
regard to the war prospects, which are
evidently considered much more re-
mote, and this fact had strong infiu-
ence on local trading. An equally i'm
portant factor was the prospects of a
heavy increase in the visible supply.
The increase was finally announced at
o'clock as 2,O0S,000 bushels. The To-
cal stocks showed an increase of 1000
bushels. Another source of weakness
| was the enormous primary receipts of
2,461, 900 bushels, compared with 2,015,-
900 bushels a year ago. The opening
price for December was TN @723sc,
against Saturdays closing of 1880
72%c. The price worked down to
721sc, where a little covering caused a
short period of steadiness. The de-
mand was limited, however, and when
satisfied, the market again slowly de-
clined, keeping on the downward course
until we'll into the afternoon. Trading
was narrow. The forthcoming govern
ment crop report had restraining in
fuence and the absence of demand was
but another factor in the weakness.
The price was almost continually under
puts, and not until near the close was
any indication of rally apparent. The
December price in the meantime got
down to 71A@71Bc. A break of al
most dent was too tempting for
| shorts, who covered quite aeely toward
! the close and caused an advance to
| 721s @72Ac, where the market closed.
A report from New York that sixty
loads had been egaged for export had
some influence in causing the late rally.
Minneapolis and Duluth receipts were
| 1,218 cars, against 1,139 last week, and
| 1888 a ear ago. Chicago receipts for
two days were 434 cars, six of contract
grade. Worlds shipments aggregated
Ger 100000 bushels. Shipments from
Russia being 1,S24,0O0 bushels. At
lantic port clearances for two days were
100000 bushels. Much needed rain
was reported in the west and north
west, permitting winter wheat SOW
| ing.
Corn, during the morning, was active
and strong. Elevator people and COM
mission houses were sharp competitors
| for all offerings, and good advance
was scored. Later the feeling became
easier on predictions of general rains
and part of the advance was lost.
Gables were strong and higher and a
good export demand was reported, New
York placing the export engagements
at 10S cars. The heaviness of wheat
also had a SOLDERING influence on bulls.
Receipts for two das were 1860 cars.
December ranged from 301ac to 30Ac
and closed 1s@Ac higher at 305sc.
The market for oats was very dull
and prices kept within narrow range
The market early was trifle higher in
sympathy with corn, but little profit
taking later resulted in loss of part
of the slight advance. Receipts for
/ two days were 8SS cars. Scalpers did
the bulk of the trading. December
ranged from 22%c to 23c, and closed a
shade lower at 22Bc.
Provisions were dull and ruled irreg-
ular. The hog market was easy and
packers disposed to sell. The cash de-
mand was reported good, but about the
only support the market received was
from exporters buying against cash
sales. At the close January pork was
71ac lower at $9.671ac; January lard a
shade lower at s5.55@5.571s, and Janu-
ar ribs 21ac lower at $5.O7k.
Estimated receipts for Wednesday:
Wheat, 200 cars; corn, $40 cars; oats
ESQ cars; hogs, $4,000 head.
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