Wheeling register. [volume] (Wheeling, W. Va.) 1878-1935, 1898-05-20
MINING STOCKS.
PRODUCE.

Chicago, May 19.-The wheat market
took an upward swirl about an hour
from the close on the report that France
would not reimpose the duty on wheat
until next October Final figures were
&c higher for May and July 1s4c strong
er and &c better for September. Corn
was strong to begin with and much
stronger little later, netting a gain of
u &c for the day Oats followed corn
but closed unchanged. Provisions rul
ed dull and easy and closed at 17712c
lower each for, pork, lard and ribs.
Wheat got to call price to-day, but
closed under the top. 1t was a short
market, puts having been good for sew
eral days. The best advance was in
the last hour on cable advices from
Paris that the remission of the wheat
tariff might be extended to October l,
the chambers of commerce having petit
toned for that action. Liverpool ca
bles showed a decline for the day from
5s to I'd Genital. The Continental
was continuance of favorable weather
in the west The Price Current was
rather bearish. Joseph Letter had a
bid to-day for another heavy line Of
wheat from the same people to whom
he sold 100000 bushels for shipment
to France about two weeks ago. Chi
cago receipts were smaller, 237 cars,
against IL last year. Minneapolis and
Duluth had 437 cars, compared with tS6
the year before The total of The de-
nestle receipts at primary western
markets was again surprisingly heavy,
compared with those of last year, to-
days being 1,111,000 bushels and last
years 474,0GO bushels. Atlantic port
clearances of wheat and -four were
equal to 355, 600 bushels. The opening
strength here was added to by report
emanating from st. Louis that COM
plants of rust in wheat were being re-
ccived there from northern sections of
Missouri, and of course, as the bearish
local sentiment was based almost en-
tirely on the unblemished reputation
of the coming crop, shorts took fright
Immediately upon the shadow Of suspi-
cion being cast upon it. The market
became strong and the previous dull
ness was succeeded by an hours activ-
ity. July had previous to that time
sold down to S105k and September to
SAN, and they rose to S1.07A and $3.50
respectively on the rust scare. july
wheat opened &c higher at $1.06, sold
up to $1.C65a, declined to $1.051a, recov-
cred to $107A and closed at $1.07 ask
ed September began Nc higher at
$500; advanced to SSac; off to SSAc;
rallied to $685. @SSAc and reacted to
$3.50 at the close. May opened I'M
changed; declined to $1.35 and advane-
ed to $145 bid at the close.
Corn was firm to-day compared with
last nights close, UP at one time full
cent over Wednesday. There was a
lot Of buying by the bull side, which
yesterday apparently sold out. Re-
ceipts 626 cars. July opened " higher
at 35sac, advanced to 361ac, declined to
35ssc and closed at $685. @3512c.
Oats merely followed corn, off early,
but f1rmer at the close. The cash de-
mand was slack Receipts were 2S2
cars. July opened 1sc higher at 261s,
sold up to 26ss @261ac, declined to 26c
and closed at 26@26Bc.
The provision crowd traded on the
theory that there was selling by the
packing houses. Everything averaged
a little lower, although the market was
somewhat irregular. Hogs are up &c,
receipts $4,000 head July pork open
ed TIC lower at $1222, but advanced to
s12. declined to $1,000 and rallied 10
$12 10 at the close
July lard was sc off at the opening.
rose to s6.62@665, sold back to $6.47
and closed at s647@6.50. July ribs
began &c lower at $6.37, declined to
se.177. then up to 1922 at the close.
Estimated receipts for tomorrow:
Wheat, SEQ cars; corn, 500 cars; oats,
230 cars; hogs, $4,000 head.
The leading futures ranged as follows;