Wheeling register. [volume] (Wheeling, W. Va.) 1878-1935, 1898-03-15
PRODUCE.

Chicago, March 14.-AlI the wheat
futures were weak to-day except May.
Which had the usual support Of the
Letter interests. The extremely favor
able weather and the heavy additions
10 the contract stocks here were prom
inent factors in causing liquidation
which continued all day. July closed
IS q 72c lower. Corn and oats We're
comparatively firm and showed little
change at the close Provisions were
heavy and closed 5@121ac lower.
Wheat showed some strength at the
opening, although it was not of very
long duration. Besides the favorable
factors. application to the board of
directors for a margin price on May
wheat, wheat had no traders, both
English and continental markets show
ing unlocked for strength. Liverpool
opened lower, but quickly advanced to
a point above Saturdays figures there,
and Paris also reported somewhat
higher prices. July, which closed Sat
urday at 87B08714c, opened to-day at
S77sc. For about fifteen or twenty
minutes there was quite a good sup
port given by shorts, and not little
reinstating of lines which had been
unloaded during last weeks decline
was apparent. July was advanced to
SSc, the high point of the day, before
the reactions started. Then the in
fuence of the bad weather and the
bearish routine business began to be
felt. Seeding and plowings was re-
ported as progressing rapidly in Ne
braska, with the continent very salts
factory Selling which this started,
was augmented by the enormous addi-
ton TO the contracts. Chicago re-
ceipts were 145 cars, 10 of which were
Of contract grades. The mixing
houses" however, contributed 1913 cars
of No. ! Northern to the contract
stock, making in all about 100000
bushels to-day Northwestern receipts
were heavy, Minneapolis and Duluth
reporting 440 cars, against $50 last
week. and 800 last year. The persist
ency with which reports keep up in
the Northwest in spite of the reports
Of almost exhausted country stocks
was not all reassuring to the longs
and an hour from the opening selling
was quite general. Heavy st. Louis
operators were conspicuous in the I'M
loading. and almost no support OF con-
sequence was given the market until
sbout an hour from the close, July in
the meantime selling down to S61a. At
that price there was good deal of
covering, principally by local shorts.
and the decline was checked. Septem-
Der. tooA suffered although but linn
tied business was done in that deliy-
ery. It started as@5sc higher, at 7e1s
079&c. and when July had reached
its lowest point. it declined to 1880.
Nav was offered in large quantities,
| the nit crediting most of the selling to
| Armour. who was reported a buyer of
J choice wheat at Minneapolis. Letters
brokers. however. gave this end OF the
market unwavering support ana sue
ceeded in holding the price at sl.o4,
although they had to absorb about
! $500 Geo bushels TO do SO. There was
some disappointment over the small
| clearances, which were reported at
| 1921 COO bushels. During the last hour
| trading, July advanced to SIC, but sid
| down again to S6ilsc, and closed easy
| at S634c. September closed at 1880. !.
| Corn was fairly active market, ana
notwithstanding the wheat weakness,
a fairly steady one. There was good