Wheeling register. [volume] (Wheeling, W. Va.) 1878-1935, 1898-03-31
q PRODUCE.

Chicago, March 30.-Wheat to-day
closed nervous with all but &c of an
early advance lost. The sailing of
new Spanish feet, the news from
Washington and rumors of a favorable
Kansas crop report precipitated gen
erel selling, particularly by longs, who
had profit. Other products followed
wheat i'll narrow way, closing quota
tons showing scarcely any change
from yesterday.
Wheat displayed some strength at
the start and for wheat an hour after
there was quite a good demand from
shorts and not little general buying.
Following the extreme weakness of
yesterdays market here, Liverpool
showed surprising strength. Another
source Of strength was the northwest
ern wheat stocks, which were reported
at 2,250,000 bushels, against 100000
bushels last month. 1t was said that
farmers had even sold their seed
wheat These were the factors in the
opening strength, starting July 5sc
higher at S2a @S25sc. For few min
utes the market displayed nervousness,
sharp advance which was taking place
III w dill SlltGI SlOChS duu HUI QutSl-
ing reports as to the Cuban situation
lent additional strength to the market
and started a quiet buying movement
which carried the price up to $3.50
Here the market again sagged under
realizing by scalpers and some of the
first buyers. but the decline was linn
tied to about 3sc.
For an hour the market fiuctuated
nervously within narrow range u
der the operations of scalpers, but
around the noon hour the continued
strength of Wall street and rumors OF
impending cabinet changes stiffcned
the backbone of wheat holders and re-
suited in an advance in the price to
S31kc. AS was the case yesterday
routine news was given very little at
tention. Northwest receipts were 339
cars, against 324 last week and 39l
year ago. Chicago receipts were %
cars. The additions to the contract
stocks to-day amounted to $500 bush
els, Sc cars coming from regular
sources. while mixing houses contrib
uted SO cars and 1920 bushels NO. l
northern Primary receipts were 33f,-
900 bushels Atlantic port clearances
were reported at 250,000 bushels. Clos
ing prices at Liverpool and Paris
showed substantial advances. May
was little heard Of 1t sold at $l03
shortly after the opening, but quickly
recovered to Si04 and remained at
that figure until near the close. Some
July buying by Letter cut no small
figure in the the advance in that flu
ture to S31sc. though it was not on a
large scale. The market held firm at
around that price until the last half
hour, when attempts TO sell out long
wheat with good profits attaches m it,
coming about the same time rumors
were circulated to the effect that the
forthcoming Kansas crop report would
be the most favorable on record start
ed a general liquidating movement.
Holders had some difficulty in dispos-
ing of their wheat and prices dropped
quite rapidly in consequence, the mar
ket becoming decidedly weak in the
last few minutes. After declining to
81 sc shorts covered in a moderate
way and a rally to S2@S21sc ensued.
where the market closed. May closed
at S103a
The market for corn was quiet and
steady. Shorts did most Of the buying,
the influences being the strength of
wheat and stocks. Trading as whole
was uninteresting, and price fluctua-
tions were narrow May ranged from
291sc to 1854 @2S7sc, and closed
shade higher at 2S;ac.
Oats were very quiet. The market
in a general way sympathized with the
action of wheat and the tendency Of
the market was upward, though trade
was too small to cause much variation
in prices. Business was mostly OF
scalping nature. May ranged from
254c to 25c, and closed lsc higher at
25c.
Provisions were strong during the
first two hours. The strength of grain
which drove in a good many shorts
during that time, and prices advanced
Later realizing became fairly heavy
and the advance gradually disappeared.
Packers were the best sellers. The
close was steady. May pork was I'M