Wheeling register. [volume] (Wheeling, W. Va.) 1878-1935, 1898-03-05

displayed considerable frmness As
usual, Letter was at the bottom If the
strength, the ordering of h4C 0q0 hush
els more Of his wheat for sbinment 10
the seaboard this mornine-nearIv
100000 bushels since this movement
pesdh-Deing responsible for a good
deal Of buying. Another factor Was
q oIe signing OF the decree reducing the
opqiiSn import duties on grain. Open
nlS Iddes IN July were made at 91M0
9l9sc' a shade above yesterdays clos
NJ price, and enough support materi-
ailzed 10 send the price up to 915sc in
d snort time. That proved to be the
hlgn point of the day Outside of the
items or news mentioned, everything
favored the selling side of the market
and this fact soon had its effect. Liver
feature. That market showed Il M3sd
pool was the especially discouraging
decline. Argentine shipments were
the heaviest thus far this season. being
reported at 1,640000 bushels. Chicago
received &C cars, 16 of which were of
contract quality. Northwest receipts
rose to 313 cars, against PSF cars last
week and 26S year ago. Export
clearances for the day were not large
enough to be a bull feature. The
hgures We're $4,000 bushels and nrim-
airy receipts were over 100000 bushels.
mis- array of bear news gradually
brought sellers into the market and
liquidation, light at first. gradually
grew heavier, prices slowly declining.
IN the meantime another factor had
entered the market in the shape Of
selling OF May by the elevator inter-
eSJs, IN which Armour was especially
prominent His house made no secret
OF their selling and the freedom of
their offerings brought others to the
selling side Opening prices Of May
were &c higher at 81 06h An irreg-
ular decline to 81 05A followed. Then.
came a slight reaction, but prices soon
got back to 81 05A again, July by
that time had declined to 905sc. For
some time the market hesitated at
those figures, but the liquidation of
May finally took all the remaining
courage out of the bulls. and the mar
ket was left to Shift for itself. During
the last hour offerings became quite
heavy both in May and July, and
prices slid off rapidly, May getting as
low as 81 041a and July declining to
9Oc shortly before the close. Covering
by shorts with good profits then caused
little better feeling. and slight i'm
provements followed, May rallying to
81 C4% and July to 9014 0903sc. Those
were the closing prices.
Corn was easier on a moderately
active market. The strength was
shown at the start, the market in this
respect following wheat but when
wheat d6nlipn1 al
quite general, and prices declined
steadily Favorable weather and
prospects of a prodigious Argentine
corn crop were factors. May ranged
from 309sG3034c to 3Os @30hc, and
closed sc lower at 304c.
Oats were remarkably strong during
the morning. Heavy export sales and
liberal commission house buying
caused sc advance, which was main
tanned for some time Weakness in
other markets and moderate amount
OF realizing resulted in a loss Of this
advance later. the market closing
rather easy. May ranged from 27id to
26&c, closing shade lower at 2G34 a
267sc.
Pressure to sell provisions was
marked from the start, and grew
heavier as the session advanced Most
of this was credited to a prominent
packer, but offerings were quite gen.
eral, and the market, which opened
lower in spite of firm hog prices, de-
clined steadily. Toward the close, a
little support was given the market
and prices rallied slightly The feel
ing, however, was distinctly weak. At
the close May pork was ~ lower at
$40 4713; May lard Ice lower at IS 90,
and May ribs 10c lower at S. 151ac.
Estimated receipts Saturday. Wheat,
so cars; corn. 625 cars; oats, s25 cars;
hogs, $4,000 head.
ASSOCIATED Press Quotations)
The leading futures ranged as follows: