Wheeling register. [volume] (Wheeling, W. Va.) 1878-1935, 1900-12-29
PRODUCE.

CHICAGO, December 28.-Firm
cables, lighter receipts and a reduction
in Argentine shipments caused a rally
in wheat to-day, May closing Rc over
yesterday. May corn closed unchang-
ed and May oats &c higher. Provis-
ions at the close were 2h010c better
in price.
The general opinion before business
began was that there would be imp0s-
ing amounts of long wheat for sale
consequent to the government figures,
ana those who wanted to buy held eff
from a recession in prices, May
opened B@Ac lower at 721ac to 725sc,
%nervously touched 72B072&c, and
then dropped to 1925 @72hc. The
course of the market thereafter de-
veloped the fact that it had been over
sold. Bids for wheat served mostly
to keep the price an elusive fraction
away until May had fully recovered.
Even at the top price, 73AQ738c, Of
ferings were only moderate and the
close was firm, Hc higher at 73NC.
Local shorts did the greater part of the
buying. They were Influenced by firm
Liverpool and Paris cables in the face
Of the government report, but a falling
off in northwest receipts and also by
lighter Argentine shipments. Even
from the government report bulls gath
cred some comfort. They figured do
nestle requirements at 800, 000 600
bushels and European at 200, 90, 900.
Inasmuch as the report shows a crop
of only 522, GOO, 900 bushels, they saw
nothing at higher prices. Chicago re-
ceipts were 116 cars, one of contract
grade. Minneapolis and Duluth re-
ported 225 cars, compared with 346 last
week and 1913 a year ago. The aggre-
gate of western receipts at primary
! points were COZ, 900, against $4,000 last
year. Argentine shipments for the
week were 424. 600, against $3.50 0 the
previous week and $4,000 a year ago.
Exporters reported 25 loads taken.
Seaboard clearances in wheat and -four
were equal to 25S, 900 bushels. Corn
was moderately active at the opening,
but became dull and narrow later.
The government report was apparently
against the bulls, but there were many
VINO thought these figures only COM
mensurate with the vastness of present
day requirements. The opening was
easy, but the market Steadied later on
moderate country offerings and in SYM
pathy with the wheat strength. May
sold between 36c and 36aBc, and closed
unchanged at 36Hc. Receipts were 443
cars. three of contract grade.
While the government report on oats
did not materially change prevailing
ideas, the mere fact that it was out Of
the way produced a little life in the
market. The market not only ruled
firm, but exhibited strength enough
to pull itself out of the rut in which
it has recently been %plodding. May
sold between 233sc and 24c, and closed
sc higher at 297sc. Receipts were 10
cars.
Provisions were quiet but firm, ex-
cept for December lard, which lost it's
recent m~anipulative support and drop
ped off 5 cents. Moderate hog receipts,
fair local buying and the wheat
strength were the main supporting fac
tors. January pork sold between
$12.07h and s12.20, and closed 10c
higher at $12.20; January lard between
$50 and 6.77h. closing 21ac un at
s6.771a; and January ribs between
S6.2212 and $50, with the close sc i'm
proved at $3.50.
Estimated receipts tomorrow:
Wheat, So cars; corn, 400 cars; oats,
200 cars; hogs. $4,000 head.
The leading futures ranged as follows: