Wheeling register. [volume] (Wheeling, W. Va.) 1878-1935, 1898-03-14

the former price. Letter applied to
the directors for marginal price on
May wheat, which tended to relieve
the tension toward the close ne
days decline in July was Us Genus:
everything else on the floor shoWeo
weakness, especially provisions ue-
cllnes OF 71a@25c being recorded IN
that market Corn closed shaae
lower and oats lost A@ssc.
wheat started as if a rally after the
weakness Of yesterday were TO take
piace. Holders were encouraged Dy
the steadiness shown by foreign mar
Kets, especially Liverpool, in the face
cl yesterdays tumble in prices. IL
was also known that Letter had placed
additional shipping orders for nearly
i5o,o00 bushels. Offerings at first were
III comparatively small volume while
quite good scattered demand was APP
parent. Bids were made for July at
the opening at SS1a@SS7se. This was
&c over yesterdays closing price, and
Inc buying demand was good enough
70 add another small fraction to the
price III a short time The market
held fairly steady for some time at
around that price, but finally the weak
ness IN wall street, giving rise to APP
prehehslons Of liquidation in every
thlng else, brought Ions into the mar
het 10 unload. 1t also resulted in an
almost total cutting off of support and
professional shorts taking advantage
OF That fact hammered the price down
rapidly. For about fifteen minutes
the market was exceptionally weak,
july selling down without stop to
SSAc, break of 23sc from the high
point. The decline brought a good
many stop-loss orders, and considera-
Die selling was also done through fear
OF another attack on May by the bears.
In this, however holders were agree
dDly disappointed Plenty Of Nav was
onered, but there was nothing like the
concerted attempt to break the market
WHICH TOOK place yesterday, and Lei
| .ef brokers' had comparatively little
uihiculty III keep the price at $104
,Anooner influential factor was the
I've" YORK bank statement. The mar
re-, AFTER getting down to S6asc for
July gradually grew ouieter.
Inc steadiness of May had a good
erect on the nerves of the July hold
ers' and brought some of the early SELL
CTS BACK. Shorts who had big profits
oH the break also covered freely and
the price gradually crept back 10 S67kc.
men for some time almost a holiday
guinness prevailed, with fluctuations
lhIrequent and narrow. A good deal
oi excitement was caused by a formal
application by Letter to the directors
Tor marginal price on May. which
was done, he said, in order to relieve
the tension. This action had a favor
able effect on the market and resulted
IN further advance in July. that de-
livery finally getting up to S75s@Ac,
Where it closed. May closed at 81 o.
After the session closed it became
known that Letter had sold $4,000 600
bu. of contract wheat to Counselman
and Day. The price was not stated,
Letter merely saying it was disposed
Of at market price"
Cornwas weak with wheat. There
was more or less liquidation of long
lines all day, and with the exception of
a little strength at the start, prices
were lower. The late rally in the ma
jor market had a favorable effect,
prices recovering to a point only q
shode under yesterdays final figure
May ranged from 30H 0$sc to soc and
closed at 30A@Ac.
The market for oats reflected the
action of wheat and corns though
quite a good business was done. Liq-
uidation was very heavy during the
weakness in those markets, and a
sharp decline resulted. There was
good buying on the break, but only
part OF the loss was recovered. May
ranged from 26%c to 26c. and closed
at A03sc lower at 26$s 019c.
Provisions were weak from the out
set, the decline in stocks and grains
being responsible for very general
selling, many stop-loss orders being
received. The demand was only mod
crate and prices broke easily, the mar
ket ruling heavy to the close. May
pork closed at Csc lower at SO So; May
lard TIC lower at S. 1919, and May
ribs about 10 cents lower at S. O21a0
5 05
Estimated receipts for Monday
Wheat, 135 cars; corn. 300 cars: oats.
313 cars; hogs, 10000 heaG.
ASSOCIATED Press Quotations.)
The leading futures ranged as follows:
=,