Wheeling register. [volume] (Wheeling, W. Va.) 1878-1935, 1898-04-23
PRODUCE.

Chicago, April 22.-Liquidation short
selling on the Board of Trade to-day
largely Offset heavy foreign buying and
advancing quotations abroad May
wheat, however, which independently
strong and closed at an advance of 21ac.
Corn and oats closed practically I'M
changed. July pork and short ribs de-
clined 1512c each and lard lost sc.
An excited Liverpool wheat market
with the May future up there equal TO
about 4 Mc bushel, started this mar
ket to-day on momentary rampage.
The actual Inauguration of warlike
measures looking to the reduction Of
Havana was the impelling cause of the
excitement at Liverpool and the open
ing burst of buying enthusiasm here.
The elements of an excited bulge in
Chicago were lacking, however, for the
heavy local short sellers had covered
on the previous days advance and on
the opening advance of 1a@7sc in July
they were ready to put out fresh shorts.
The first trades in July went over a
range of from $3.50 to 9Cc, most of the
trade at the lower figures, and only a
-~'' S'NNSShCG Ill SCtCiilS wv iN W
cline that followed carried the price
down to SS3sc, but that proved the
rallying point for a fresh advance New
York reported all the offers cabled the
other side the night before accepted.
The demand from country millers for
NO. l Northern spring wheat was ur-
gent at &c over the price. paid here yes
terday, but Letters broker in the sam
pie market said he had refused all
bids.
Chicago received 1872 cars Of which 90
cars were contract. Minneapolis and
Duluth got PIG cars against 20S last
Friday and 1926 a year ago. Atlantic
port clearances were 100000 bushels in
wheat and -four. The total clearances
for the week from the Atlantic seaboard
have been 100000 bushels against q
500, Geo bushels the week before. Ar
gentine shipments for the week were
1,112.CG0 against 100000 bushels the
previous week. Spot wheat at Liver
pool closed I'd higher for California
and 14d higher for futures. But Cud-
ahy brokers were persistent of Sep
TENDER and December, presumably on
fine crop prospects, and on the advance
in ocean rates the crowd began to be
lieve that war was bound to affect
grain prices on this side adversely.
They accordingly sold July, which de-
clined to SSssc. rallied to SOC. but drop
ped back to SSAc near the close, rally
ing finally TO $685. @SSssc. May opened
at 81 IS, advanced TO and closed at
S1141a.
n i've N
Firmness in Liverpool and large eX-
ports helped the market for time. but
the advance was lost near the close.
Receipts were 465 cars. Argentina
shipped $4,000 bushels. Exports for
the day from Atlantic ports were $685.
Geo bushels. The weakness of wheat
near the close caused corresponding
feeling in corn. July. which closed
yesterday worth 33G33iac. closed at
that to-day after selling up TO 339sc.
Oats covered a narrow range but held
firm. Seaboard clearances were 1885,.
0C0 bushels. Receipts were 10000
bushels. There was some liquidation,
shorts taking the offerings. July open
ed steady at 24Ac, sold at 24c, and
closed unchanged at 24hc.
Provisions acted similarly to the
grain markets. The great advance in
prices at Liverpool were probably an
ticipated by those who bought the day
before and on the stimulus given by
the actual rise abroad yesterdays buy
ers had their accumulations for sale.
The advance at Liverpool was Is Cd a
hundred weight each on bacon. lard and
hams Realizing sales here had the eff
feet of closing everything at about the
bottom of the days range. Opening
prices were the highest of the day at a
slight advance on yesterdays closing
price. The final prices to-day were at
the following loss, compared with those
of the day before: July pork 15c; lard
sc; ribs 15Rc. July pork sold between
Sill 50@1110 closing at SLIP. Lard
sold at s570@560, closing at the lower
figure. Ribs ranged from $3.50 $50,
closing at $5.o0@5.52.
Estimated receipts for tomorrow:
Wheat, 1913 cars; corn. $50 cars; oats,
375 cars; hogs, $4,000 head.
The leading futures ranged as follows:
articles. Open High! Low. Close