Wheeling register. [volume] (Wheeling, W. Va.) 1878-1935, 1898-03-22
PRODUCE.

Chicago, March 21.-With the excep-
ton of May, the closing prices of
wheat to-day compared with Saturdays
close showed very little change July
closed &c lower, all advances caused
by fears of frost in the winter wheat
region being lost under late realizing
Letter was a buyer of May and that
future was strong, closing lac higher
Corn was firm most of the time, but
closed 1sc lower Oats advanced Ac.
Provisions were very dull, but the ten
dency was toward en- improvement in
prices, slight advances being recorded.
Wheat opened with a continuation of
the weakness which marked the clos
ing ON Saturday, July starting about
nc lower at 841a@%c. Perhaps the
chief element of weakness lay in the
large receipts here and in the North
west. Chicago receipts, estimates of
which weakened the market Saturday,
far Overran expectations, 300 cars being
reported, of which number 80 were of
contract grade Besides this, 81 cars
came from the mixing houses, a total
addition to the contract stocks to-day
of about 154, 900 bushels. Minneapolis
and Duluth reported arrivals of Alb
cars, against 444 last week and 394 a
year ago. Liverpool showed sd de-
cline at around the opening. Worlds
shipments were large at 6,314 900 bush
els, not including India. This was an
important factor in the early weak
ness. Liquidation which started at the
opening soon stopped. The weather
bureau reported freezing temperature
in the northwest and predicted colo
weather for the west, which. in view OF
the recent rains and the totally I'M
protected fields, aroused a good zeal
of apprehension among shorts ana
soon turned the market from weakness
to strength. Inside of the first thirty
minutes trading July had advanced 10
851bc under fairly active buying to
cover short lines. A reaction then SET
in which carried the price back to e3c'
but support by prominent bull interests
started recovering again and Tor TWO
hours the market, though quiet, snow
cd good deal Of strength. May nue.
tuations were apparently out Oh the
male of regular market influences.
onening prices of that future were
hm1c higher at $1.03h@1.04. 1t sold
m at once to S105 and did not get to
81 .O4 again during the session. Heavy
selling by Letter on Saturday inclined
traders to the belief that he would De
a. buyer to-day, and this proved true,
for Letter brokers were consistent
buyers all day, not only OF May put OIL
July, The announcement that Letter
had contracted for the Shipment OF
/ .00O. 900 bushels more OF his wheat al
rail to the coast and belief in the early
opening of lake navigation with the
moving of 100000 bushels ALREADY
loaded in boats, gave the market
strong undertone during the period OF
dizziness.
The market continued strong untll
within few minutes of the close
when general realizing set in, many
If the early buyers disposing or thelr
lines Support in a general way was
Withdrawn and prices dropped quickly.
INV had sold as high as S5s4 07sc, but
= dronned in few minutes to $3.50
md closed at S5h@Ac. May soid as
biob as s1.051s and closed at $l.o4%,
Corn was steady during most OF the
ar;or shorts were the best buyers.
The market was helped by the wheat
strength and liberal clearances, put
weakened on the unexpected increase
IN the visible, which brought out con-
siderable May liquidation May rang,
cd from 29Ac to 2SB@29c, and cioseo
1hc lower at 291sc.
oats were strong and quite a good
,,,,siness was done Shorts were good
buyers and moreover bid and support
day The early advance IN
wheat. large clearances and goou
cash demand were the factors. ne
exnected cold wave was also an IN
eMence The market sympathlzed to
non,e extent with the late decline IN
Corn oo and wheat but closed steady May
u on = s,l from 291sc to 251ac, and closed
nc higher at 20 &c. o,ou ,;th
Aprov;s;ons were very slow with
nr;oas most of the session almost at
s Ct The unsettled condition at
Washington acted as a drag on .ne
market. Strength in the gram mar
kets had beneficial effect ana ialer
the demand improved somewhat, pack
ers being the best buyers. and prices
advanced. At the close May pork was
&c higher at s9.s7la: May lard I'M
changed at $50 and May rips ztsc
higher at $5.071a.
H.