Wheeling register. [volume] (Wheeling, W. Va.) 1878-1935, 1898-03-19
PRODUCE

Chicago, March 1S.-Wheat to-day
was strong. May sold as high as
S1.06 and closed at $105&. Corn and
oats advanced u &c each. Provisions
were dull and inclined to weakness.
though prices changes were small.
wheat started firm, July nc higher
at S51s qS5Ac and May &c higher at
Sl0412. 1t was raining throughout
the west, in itself a depressing feat
ure, but freezing weather was report
ed IN the northwest and there was
good deal of apprehension of the frost
line extending over the water soaked
wheat fields. Possible damage from
this source did not at first result in a
great increase in the buying demand
but it stopped the selling pressure, and
shorts anxious to cover found it nee
essary to advance their bids materially
before securing the desired wheat. In
the first As minutes trading in July
was advanced to s. &c. Then realiz-
ing by scalpers caused a reaction tc
$3.50, where the market hung for a
short time After that the market
gradually became stronger and trade
broadened out considerably. Late adj
vices from Liverpool showed sharp ad-
vances both in cash and the deferred
futures. California sent quite gloomy
crop reports, predictions being made
that the crop on account Of the drought
would not exceed 10000, 600 bushels.
That these reports were taken serious
ly in California was evidenced by the
number of covering orders both for
May and July contracts, but especially
for the former, which were received
from that source. Private advices
from the northwest said that stocks
there were nearly exhausted These
reports were given some color by the
falling off in Minneapolis and Duluth
receipts, these two cities reporting rs
cars to-day against 430 last week ard
297 year ago. Chicago receipts were
10S cars. 33 of which were of contract
grade. The addition to contract stocks
was $4,000 bushels, private houses
contributing Is cars and $500 BUSH
els. The seaboard advices were of a
bullish character and an improved
foreign demand at better prices being
reported The demand for July be-
came quite general about the middle
of the session. Outsiders came into
the market in greater numbers, while
local shorts were heavy buyers. The
prices of July reached S6hc on this
bulge. Another short spell of realiz-
ing caused a reaction to S5%c but to-
ward the end of the session buying
again became heavy and prices adj
yanced. The market ruled strong to
the close, July advancing to S6A %
$3.50 and closing strong at S615c.
Quite large trade was done in May.
California shorts were especially good
buyers. Local traders who have been
heavy sellers of that delivery lately
also bought back some OF their lines.
Letters brokers were free sellers, but
the market was strong enough
to absorb everything offered and prob
ably 100000 bushels was disposed of
by the Letter people at prices around
s1.0515. May sold as high as $106 and
closed at $1.05s4.
Corn was strong, though not very
active Less favorable weather condi-
lions and the strength of wheat made
a better demand. especially from local
shorts and several important lines
were covered. Country offerings were
small. May ranged from 1914 0292sc
to 29c and closed II higher at 2914c.
Oats were fairly active and stronger
in sympathy with other grains and un-
favorable weather. There was little
pressure TO sell and when fairly good
demand from shorts came prices ruled
firm at a slight advance. There was a
good cash inquiry, but bids were q
little out of line. May ranged from
25szc to 251ac and closed Ac higher
at 255s @25%c.
Provisions were very dull and on
the whole weak, though trading was
too small to admit of material de-
clines. Prices fluctuated narrowly all
day. with very little doing. At the
close May pork was 21ac lower at
So 90. Nav lard unchanged at s5.15,
and May ribs unchanged at $50:
Estimated receipts Saturday: Wheat,
1870 cars: corn. 30 cars; oats, $50 cars;
hogs, 1900 head
CAssociated Press Quotationsn
The leading futures ranged as loliows'
articles. open tilsh Low Niose