Wheeling register. [volume] (Wheeling, W. Va.) 1878-1935, 1901-01-07

spot co6ee, Rio steady; No. 1 invoice
7555u; mild market quiet; Cordoya 9h@
18Ac.
Sugar, raw quiet and steady; fair re-
inning 3Mc: centrifugal, Sc test, 4Mc;
molasses sugar 3Mc; refined dull;
standard A $500; confectioners A
5.30c; mould A $3.50; cutloaf 600;
crushed 800; powdered 5.60c; granu-
lated 5.50c; cubes 5.75c.
CHICAGO, January 5.-The course of
wheat to-day was ruled by sentiment,
May closing 1A@1Bc over yesterday.
Corn closed Hc and oats 3sc higher.
May pork closed Csc, May lard 17hc
and May ribs zoe improved.
At the beginning and at the end OF
the session in the wheat pit bullishness
Of a decidedly strenuous order made
the market an exciting one while the
period between these extremes was
marked by extreme nervousness. The
market was almost entirely a creation
of sentiment based on the stock ac-
tivity and rumors of Wall street in
terest in the local grain market. But
at that, with the news legitimately in
fluential in determining prices elmin-
ated May wheat doomed to the top
price of the present season. 1t opened
1c to 1Ac higher at 78kc to 79Ac un-
der heavy buying pressure, which was
quickly followed 10y large offers to Sc
cure profits. May dropped back to
1880. Trade became more quiet, but
ruled nervous for the net hour. May
rallied to 1880, but dropped back
oOain Offarino orc uroro LIGHT on6 rho
price was gradually worked up again
to 79c. At this mark that profit taking,
together with some short selling, was
attempt. Meanwhile commission
houses had received more buying Or
ders. The readiness with which offer
ing disappeared into this quarter
alarmed the short interest and in a
sharp burst of activity May jumped to
79kc, the high price of the present
season. A reaction to 79hc followed
this bulge, but the market was ag-
gressively strong and the close was
~ @1Bc higher at 1914 @7938c. Cash
bids were out Of line with the advance
and no business was accomplished.
Seaboard clearances in wheat and -four
were equal to $50, 900 bushels. Primary
ICCClpIo ICSdJcu ltO,OVV UUoAClo
compared with $4,000 bushels last
year. Minneapolis and Duluth reported
80 cars, against 191 last week and $50
a year ago. Local receipts were 60
cars, n of contract grade. Liverpool
did not respond to the advance here
yesterday. 1t was predicted that the
worlds shipments would aggregate s.
G00, 0G0 bushels, about LOCO, 900 L~--els
under the previous week.
Corn contracted the bull fever also,
showing improved strength based on
continued light receipts and poor grad
ing. despite the perfection of the wealth
er for moving the crop. ~-he close was
strong. May sold between 37&c ana
38Nc, closing &c higher at $685. @3SRc.
Receipts were 1927 cars, none Of which
was graded contract.
A big cash business, according to re-
port, and the receipts, 227 cars, as well
as the wheat strength, contributed to
the strength in the oats market. May
sold between 24% @24Bc and 25Ac, and
closed &c higher at 25$5c.
Strength in pork was the feature in
provisions, although lard and ribs were
also firm. An influential local opera
tor Bought lard and ribs literally,
while commission houses took pork.
The wheat strength, moderate hog re-
ceipts and a good cash demand were
factors. May pork sold between
$13.321h and $3.50, and closed Csc high
er at $3.50; May lard between $7.171a
@7.4O, closing 17Hc up at 1924. and
May ribs between $6.S2h and S7.05,
with the close zoe improved at $7.O5.
Estimated receipts for Monday:
Wheat, ITO cars; corn, 532 cars; oats,
250 cars; hogs, $500 head.
The leading futures ranged as folloWs: