Wheeling register. [volume] (Wheeling, W. Va.) 1878-1935, 1898-04-15
PRODUCE.

NHlcdSO, april Inlay wheat to-
day at Sll112, the highest point for that
delivery reached during the long Letter
campaign! War news and enormous
sales of cash wheat caused a sharp adj
vance in July also, but this was lost
under heavy realizing and July closed
unchanged. The market was a spas
modic one. Corn left off at 1s0Ac ad-
vance. Oats closed unchanged. Pro-
visions shows declines Of 5 to 121ac.
The wheat market was in many re-
spects narrow one. Although a ire
mendOuS business was done, most of the
activity was crowded into the half
hours Immediately following the open
ing preceding the close. But in those
brief periods enormous lines of wheat
changed hands. The opening was very
strong all around May again being
especially prominent. The continued
gravity of the news from Washington
was at all times factor But traders
were for the most part influenced by the
sharp advance which took place at Liy-
erpOol, futures in that market show
ing A@2d advances early and increas-
ing them later in the day. This was
oPPei CIAtiJ hbC " app NbC1oiOh VI LOo-
tilities between the United States and
Spain. Another resule of this appTe-
hension, and one which had a great eff
feet on trading here, was the accept
ance by foreigners of everything in the
market. Heavy sales of wheat for eX-
port yesterday by Letter were contin-
ued to-day, ne having disposed of over
! 500, GEO bushels over night. The eff
feet on opening prices here was marked.
May, which closed yesterday at $1.OSl2.
STAYED at from s110G1.1012, and the
rush of buying orders carried the price
almost Immediately to Sill. At those
figures Letter supplied everybody who
wanted wheat and the result was re-
action to S110 and later to $1.09. but
no indication of weakness was shown.
The bulk of the trading. however, was
done in July, and great nervousness was
shown among traders in that delivery.
Opening prices ranged from S90S93sc,
and advance of lis @13sc over yester-
day, the influences governing May being
the factors in July also. For half an
hour trading was extremely heavy,
shorts. frightened at the recent rapid
advance and the character of the news,
taking everything in sight But long
wheat which has been accommodating
came in the market in immense quaint
tiles holders being satisfied with their
profits. and under this liquidation the
price was hammered down to oSAc.
1t worked back again under a grad
uallv decreasing trade to 1914 Wo99sc'
but there was evidently plenty OF wheat
on tap at around SOC and the price soon
rot under that figure. For about Two
hours the price swung back and forth
now above soc, then below II, but Wtn
the tendency in the main toward lower
level as the short interest became elm
mated. 80 :
short selling on expectation OF
coed reaction finally started, and hall
an hour from the close the sell>f
movement had become general, many
of the early buyers offering ther
lines The result was decidedly weak
market for a short time, not only the
early advance being lost, but 1ull
cent besides. 1t looked as if the mar
l,et would wind up with the advantage
with the bears. but shortly before the
c1cee Letter brokers started to bull the
Nav price They were eminently sue
caesfrl and new sessions high mark,
s1.11b. was established. This
strengngth in May was quickly re-
Elected in July. Liquidation stopped
and shorts covered extensively again.
Tnlv from S71sc, to which figure it had
declined: it rallied to and closed
steady at S77sc. May wound up at
S1111s.
Corn early was active and firm, the
advance in wheat and higher cables
bringing large buying orders INTO the
market. Extensive and general sell
ing ensued and the market became
comparativly weak. remaining IN that
condition until late in the day, when
the large export business and the final
rally in wheat steadied the price. May
ranged from So12c to Is q &c, and
closed 1s@Ac higher at 3o4 q sc.
Oats followed closely the fluctuations
of wheat and corn. Early prices were
sympathetically high with good cover
ing by shorts Prices soon sagged I'M
der realizing and rallied again with
the latest strength in other grain mar