Wheeling register. [volume] (Wheeling, W. Va.) 1878-1935, 1898-05-12
PRODUCE.


Chicago, May 11-Provisions had a
veritable boom on Change to-day. Pork
at the close showed net gain of SOC
barrel, lard 65c hundred weight, and
ribs 45c. The pronounced bull move
ment in hog products was based on the
lively cash demand by the government
for army uses. Leading packers were
all on the buying side and were assist
ed by revival of outside speculation.
I he wheat pit was deserted for corn
and provisions, but the market contin-
ued to be extremely erratic. July COW
cred range Of Size, closing at $110k,
a net loss of SIC. July declined with
September, to which month speculation
is being transferred, closed at a net
gain of 1ssc. Corn was helped by the
rise in provisions, and closed at an adj
vance of 1c for July, and oats gained
ssc. The provision market to-day
shook off the lethargy under which it
has been laboring while grain markets
were rampant. 1t was dull market
from start to finish and led all others
in point of speculative interest. No
new feature of the phases of the bust
ness that are open to public inspection
could be discerned to account for the
great strength developed, and it must
therefore be showed that something in
the internal working of the packing
business had not until to-day been quite
ready for the move that has its express
sion in the provision pit. All the large
packers took a hand in the buying.
Armour, Swift and Cudahys were said
to be the heaviest purchasers. The
best buying of the session was in lard.
AS this commodity is traded in by the
hundred weight, its advance of Csc is
equivalent to 81. Is per tierce. The local
run of hogs was $4,000. At principal
western packing points So, 600 head were
received, against $4,000 head a year ago.
Toward the middle of the session mod
crate realizing sales caused temporary
reactions, but the highest rates of. the
day were prevailing at the close. July
pork closed at $11.87h, an advance Of
soc, lard at $685., or 65c up, and ribs
for July at s605, net gain of 45c.
A steady opening in the Liverpool
wheat market impaired a better tone
here at the start. Trading was light
July began at $1.12k@1141s, hc high
er to Zee lower than yesterday, and
held steady around $115 for time,
with little for sale below $114 The
greater part. of the short interest in
July had presumably been forced to
cover and traders were generally disin-
clined to enter into fresh transactions.
Extreme nervousness still character
lied the business and fluctuations dur
ing the greater part of the forenoon
were in straight half-cent jumps and
tumbles. Liquidations again shortly
after the opening and from s1.15 it
tumbled to s110 rallying rapidly to
S1.13. Realizing was attempted on ev-
cry recovery, and resulted in 1t gradu-
ally quieting down around Sill. Aside
from cables little interest was mani
tested in routine news. Chicago re-
ceived 246 cars against 26 a year ago.
Minneapolis and Duluth received 241
cars compared with 1861 the previous
year. Primary receipts aggregated 818,-
0GG bushels, against 1900 last year
Seaboard clearances were 500, 600 bush
els of wheat and -four. Closing Liver
pool cables quoting declines of q d for
May, "a d for July and 21sd for Septem-
Der, caused fresh decline here. July
touched $1091a and rallied feebly, clos
ing at $1.191s, net loss of SIC. May,
which opened Ice lower at S1.75, recov-
cred to $3.50, closing &c net lower at
s1.79 September opened nc lower at
&c higher at o9@91c, touched 91Bc. fell
to 90ssc and then rose steadily to 92Ac.
It finished at 915sc. a net gain of 1ssc.
Trading in corn was brisk owing to
the migration of scalpers from the
wheat pit. The provision boom helped.
Foreign demand cut quite figure, en-
phasized as it was by seaboard clear
ances of $4,000 bushels. Chicago re-
ceipts were SAT cars, with 1,S17. COO
bushels taken from store. July got a
weak start at from &c to nc under
Yesterdays close bat gained steadily
until near the close. The lowest for
July was 35ssc. and it rose ~ &c and
closed at 355a @36&c, sellers, or 1c net
gain for the day.
Oats covered range of only 1sc but
ruled firm with corn. Chicago receipts
were 235 cars July opened Nc lower
at &c. sold up to 2715@275sc, and clos
ed at 271bc. a net advance of 14c.
Estimated receipts for tomorrow:
Wheat, 235 cars: corn, 575 cars; oats,
$50 cars; hogs, $1,000 head.
New York, May 11.-Flour. receipts.
1o.sss9 barrels: exports, 1900 barreA:
market quiet and steady for winters,
but easier On spring wheat grades. Min
nesota patents. s7a0@7.50.
Wheat. receipts N0,325 bushels: ex-
ports. 32.SS4 busMD spot weak: No.
red. S1.751s f. O. b afioat to arrive nom
inal; options opened stronger; closed
at IL NO reE May
closed at s1.77. July closed at 81 201a.
Corn, receipts, 229,S5o bushels; ex-