Wheeling register. [volume] (Wheeling, W. Va.) 1878-1935, 1898-05-17
MINING STOCKS.
PRODUCE.

Chicago. May 16.-Wheat on the
Board Of Trade to-day was strong,
started by higher cables and kept go
ing by the advances in corn and pro-
visions due to covering of shorts. AT
its best July wheat here was up sc and
September 2asc. The closing prices
were within &c of the top. Corn fin
ished with 5sc gain and cats Tee. Pro-
visions at the close showed an advance
Of roc in pork, soc in lard and 40c in
ribs. The decided strength in the Liv-
erpool cables was the chief cause for
the bull sentiment in wheat to-day.
Liverpool quoted July wheat fully &c
per bushel higher than it closed Satur-
day. European political news was
looked on as quite important, for II
|. seemed to point to growing differences
between England and France over the
African communications. Domestic re-
ceiptS were very heavy and under Or
binary circumstances would nave caus-
ed the traders to be shy of buying.
Having nothing but the memory OF re-
cent losses in their minds, they COW
cred freely every time the buying be-
came strong. Chicago received 36S
cars against seven last year. The
total received at western primary mar
kets was 1,122,000 bushels compared
with 3S6,000 bushels the corresponding
day of 1897. The quantity OF wheat
on ocean passage increased 1,6So,00O
bushels since a week ago, and IS now
Il ,280, 900 bushels, against 10,100,0OO
the similar time last year. The eX-
ports of wheat and -four to Europe
last week was over 100000 bushels,
whereas on the similar week 3l8 in
1897, the total shipments were $3.50,
600 bushels The domestic visible de-
creased only 534, 900 bushels last week,
whereas the decrease last year was
2,125000 bushels. The English Visi-
Bile was calculated to have increased
$4,000 bushels for the week. COM
pared with an increase a year ago Of
750, 900 bushels The weather east OF
the Rockies was about perfect for
wheat growth, and the California
drouth was broken by "a hours rain.
Continental cables, too, were on the
main easier However, the market
here got strong support and was kept
ON the jump for the most part SO that
the traders had all opportunity to look
at the ordinary news items, more
especially those of a statistical char
acter. May opened at $l.4O, against
Saturdays close of $1.4424, and was
carried up with July and closed at
$3.50 bid, sac net gain. July opened
at $1.06 TO s1.0712 finally touching
S1.09, eased Off to $197S4 and sold up
to S1.o91a, and reacted to s109A bid
at the close, a net gain of 44c. Sep
TENDER, which closed Saturday at
seize, opened at 900901sc, sold down
to $3.50 and then up to 92c, reacting
q 91Mc at the close, net gain Of
21sc.
Corn was very active and strong to-
day, with outsiders in the market in
force The weather was factor, cool
and wet this morning, and light frosts
predicted over a good share of the
west tonight. Liverpool was ia I'd
higher. This was productive of much
bullish sentiment in the pit and good
general buying put prices up &c. Re
ceipts were ia cars. July opened at
36h@Ac, rose to 371sc, and reacted to
36s@37c at the close, a gain OF &c
net.
Oats were neglected but opened firm
er, in sympathy with the general
strength in the general speculative
markets. Shorts were moderate buy
ers. Shippers say there is very little
demand Speculative orders were
very scarce. Receipts were SS7 cars;
the visible decrease, $4,000 bushels.
July opened at 2S$s @72c, against 26A
02e$sc, the close on Saturday, sold
up to 1854 @267sc at the close. a net
gain of 12c.
Provisions made sensational adj
vance, nearly all of which was re-
taiaed Shipments Of lards and meats
were enormous. Increased outside
trade was a factor. Government Or
ders fer the army cut 4 igure. There
has been very large buying Of both
ribs and lard through commission
houses for packers. Hog receipts
were $4,000 head, but prices were 80
Toe higher July pork opened at
.80@11.95, against $l170, previous
ly quoted sold up to s12.17, back to
s1210 and olosed at s12.40, &c net
gain. July lard started at s6.70067,
sold up to S6.9c. reacted to s6.67@670,
and closed at S6.sC. net gain Of 35c
over Saturdays closing price. July
ribs opened at s6.25@6.40, sold up to
$3.50 and d.or1tl to $685. at the close,
net gain u Ace.
Estimated receipts for tomorrow:
\yheat 25S cars corn, 1880 cas-:
oaM. 467 cars: aogs. 10000 head.
The leading futures ranged as follows:
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