Wheeling register. [volume] (Wheeling, W. Va.) 1878-1935, 1898-04-13

vance. Provisions were dull and left
OF at trifling decline.
Inc government crop report showing
condition. of Sc, compared with Sl.9
last year, was responsible in the main
tor the early feeling, which marked
the opening in wheat The report ala
not estimate the area planted but 1t is
generally believed to be larger than
last year, and the comparative high
condition figures caused quite little
scattered liquidation at first Another
Dearish factor was the perfect weather
prevailing in the winteh wheat coun-
try. Opening trades in July ranged
from 1914 to S312c, compared with yes
terdays closing price Of S37sc. For q
brief time the market held around
these figures. Then the firm north
west markets, light receipts in that sec
ton and liberal commission house buy
mig, supposed to be for st. Louis
shorts, resulted in hardening OF
prices and a slow advance, which was
continued for nearly two hours. Min
neapolis and Duluth receipts continue
to fall off, ISL cars to-day against 265
last week and 504 year ago Chicago
receipts We're 119 cars The addition
to contracts stocks to-day amounted 10
about 100000 bushels. Before 1880
the market had advanced to S45sc.
This was close to call" price, and
selling against those privileges, cou-
pied with considerable liquidation of
general nature on the swell, sent July
back to SAC. In this reaction in the
influence of Bradstreet's visible report,
showing an increase of I 476,900 bush
els, was felt. AS there was a decrease
last year, the big increase caused a
good deal OF short selling. But before
noon the market had begun to recover.
Inc advance was slow, however, until
reports from California, even more
sensational than those received yester
day, came in. Large exporters Of
wheat in San Francisco said there
would be no further exports from there
for fifteen months, and a Chicago firm
had sold for it in San Francisco De
cember wheat at a price 2Ac per bush
Ell ever yesterday. The weather in
California was still unfavorable, with
no prospects OF relief. Kansas also
complained OF drought. The market
after the noon hour rapidly grew
stronger. Besides the support receiv-
ed from the California news the mar
ket was aided by the enormous contin-
entail demand for cargoes, Liverpool
and arts advices both stating that T.
100000 bushels had been sold last
week. The last hour Of trading was
quite active, buying being general and
heavy, and prices advanced sharply.
The strength was maintained until the
close, July finally advancing to S55Bc,
and slOsed firm at 5h0S55sc.
Corn was weak most of the day
Favorable weather and some increase
in western offerings caused an increase
in the May liquidation and very little
demand was manifested until late in
the session. The strength Of wheat
finally overshadowed everything else
and drove shorts to cover, corn becom-
ing steady near the close with all the
declines recovered May ranged from
1884 to 293sc, and closed shade high
er at 29&c.
Oats were steady for May, but easy
on the mere distant futures. fine wea-
Their being responsible for this. Trade
was slow and of a professional char
acter. Everything closed strong with
wheat, there being good general buy
ing late in the session. May ranged
from 25A TO 251ac, and closed sc
higher at 2534c.
Provisions were very dull. Packers
did most Of the business and dealt only
in small lots. The feeling was steady
with fluctuations narrow in all pro
ducts. At the close May pork was Sc
lower at 1915: May lard unchanged at
$5.1712, and May ribs 212c lower at
$5.15.
Estimated receipts Wednesday:
Wheat, Is cars; corn, 155 cars cats,
PSI cars; hogs, $4,000 head.
The leading futures ranged as follows: