Wheeling register. [volume] (Wheeling, W. Va.) 1878-1935, 1900-01-02
Mining stocks.
PRODUCE.

CHICAGO, January 1.-The firmness
of Liverpool, an improved cash de-
mand and the decrease in the visible,
with the sharp advance in provisions,
were a combination Of bull.sh influ-
ences in the wheat market to-day, May
closing strong, up %@sc over Satur-
day. Corn closed 1ac and oats BQAc
higher. Light hog receipts and better
prices at the yards were strong sup
port to the provisions market, May
pork closing 321ac, May lard 171sc, and
May ribs 171s@26c over Saturday.
The quietude of the holiday markets
was broken to-day in the wheat pit,
and the firmness which characterized
that cereal. despite the dizziness of last
, week, was turned to decided strength
to-day by an imposing array of bullish
news and statistics. May wheat open
ed &c over Saturday at 6912@697c.
principally because of the strength of
! Liverpool, the English grain center be-
! ing Influenced by a decrease in stocks
and in the amount on passage. Trade
early was rather light, but became
more active later as the demand from
( outside increased. Foreigners were
good buyers and commission houses
had large orders from outside. Shorts
and some others saw reason for buying
in sympathy with the strength of the
provision market. The announcement
of the decrease in the visible gave more
| impetus to the upward tendency of
! the market, which already was over
the call figure. May assembled to 70A
@7Ossc and closed strong, A0Mc over
Saturday at 7OAc. At first the crowd
was unfavorable to the advance, but
when May reached zoe and the visible,
which had been expected to show a
moderate increase, showed a reduction
of $4,000, they turned about New
York reported an improvement in the
export demand. Primary receipts
were 36S,200 bushels, compared with
1,35S,973 last year. Minneapolis and
Duluth reported receipts for two days,
no cars, against 985 year ago. Re-
ceipts here were SO cars, five of con-
tract grade.
Corn was strong, sympathizing with
wheat and provisions and supported by
independent news. Confidence in the
bull position was fostered by the con-
LluuCu liSuL lCCCIPCo dlAu cAiAdii SOuACiJ
acceptances, despite the good weather
for movement. The price was up for
both futures and the cash article, and
clearances from the seaboard since
Saturday were enormous, amounting
to 1881 900 bushels. The quantity on
ocean passage was reduced $4,000
bushels and the visible decreased 1884,
600 bushels. Receipts were $40 cars,
considerably over the estimate.
Worlds shipments were small. Ship
ping houses and local bull interests,
among them influential people, were
buyers throughout The advance was
practically without check. May open
ed 1sc up at 327s@33c, and advanced
to 1880, closing 1ac over Saturday at
1914 @333sc.
Provisions were exceptionally
strong, starting with jump which
surprised even those who had been
looking for an improvement, May pork
showing an initial gain of 15c, May
lard of 71s@10c, and May ribs Of 71s@
12hc. The advance was sharp.
Commission houses were in the pit
with large buying orders from outside,
while the demand from other sources
was excellent and there were no sellers
of product for some time. When the
market was at the top-up from, zoe
on May lard to 421sc for pork-there
was naturally some profit taking, but
its effect was trivial in comparison
with the advance. The advance was
the combined effect of light hog re-
ceipts where liberal ones were expect
ed, of higher prices at the yards and
the small January deliveries, 1000 bar
rels pork, $4,000 tierces lard and $4,000
pounds ribs. May pork changed from
$1,000 to s10.S215, closing 321sc over
Saturday at S10.771a. May lard from
$3.50 to $6.G21k, closing 171ac better,
and May ribs from $500 to $50, with
the close 171s@20c improved at $500
$5.721s.
Oats were dull but firm, in sympathy
with other grains. Scalpers who were
shorts were the best buyers. Selling
was scattered. Local stocks increased
$4,000 bushels. Local receipts were
221 cars. May ranged from 23fsc to
241sc, closing 1s@Ac over Saturday at
24c.
Estimated receipts not obtainable.
The leading futures ranged as follows: