Wheeling register. [volume] (Wheeling, W. Va.) 1878-1935, 1898-01-22
PRODUCE.

Chicago, January 21-After advanc-
ing a cent to-day on the remarkable
strength Of English markets, wheat
flattened out and closed unchanged for
May but July held ss01ac of it's gain
Heavy Argentine shipments rather
took the wind out Of Tic bulls sails
Corn and oats showed d little more ac-
tivity, but substantially no changes in
price Provisions closed unchanged
to 715c higher,
Ia wheat spectators were treated to
a mild sensation at the opening by the
action Of the Liverpool market. The
quotations from there were up ia
per GENITAL for futures. No. / Northern
spring on the spot had been raised Id
per GENITAL and even the London cargo
market showed an advance of from Sd
to Cd per quarter. May opened here
with q jump to $3.50, with some sales
at the same time at 927sc. The clos
ing price yesterday was 91Mc. July
started at from S45sc to 84%c, com
pared with SAGE yesterday afternoon
Outside markets were also very strong,
especially New York and Minneapolis,
and this had it's effect The reason for
the strength of the Liverpool market
was said to be on account Of the grow
ing scarcity OF offerings from Argen-
tine. Chicago received 26 cars Of
wheat. Minneapolis and Duluth re-
ported 35S cars, against 1854 week
ago, and PIG the corresponding day Of
the year before. Primary western
market receipts all told were $4,000
bushels, against 271,000 bushels the
year before. Minneapolis stocks for
the week were expected TO show 300,-
COO bushels increase, and Duluth $780,
eco bushels increase, and on that basis
and estimate OF weeks exports, 500,-
Geo bushels decrease in the visible is
looked for: last year the decrease for
the similar week was 1,164,000 bushels.
Liverpool closing prices showed net
gains for the day Of I'd for March and
for May and I'd for July. Paris noted
Is confines decline in January -four,
and confines advance in March-June.
Antwerp advanced 1919 confines in
both red winter and Walla Walla
wheat. The clearances from Atlantic
and Cult ports in wheat and -four
were equal to 635,G00 bushels.
The market here began TO weaken
after the posting of the weekly ship
ments from Argentina, which rather
confirmed the earlier rosarorio cable
concerning the large surplus. The
shipments were given at 5000 bush
els. Selling became quite free after
that. and it was the impression that
the Letter crowd liQuidated some Of
their July and May holdings. May de-
clined to $3.50, and was bringing 917sc
at the close. July sold down to Sac
and closed at that.
A fairly good trade was done in corn
without any material change in prices.
There was rain throughout the corn
belt. cables were strong and Argentine
shipments were small. With those
helms and the influence Of wheat the
corn market kept a little above yes
terday's prices most Of the session,
buI lost the slight advantage when
wheat turned weak May ranged from
2o1Ac TO 2S7am29c. and closed shade
lower at 287s029c.
Trade in oats showed a considerable
Improvement and the market most Of
the time was quite firm. There was
good buying of May for New York ac-
count again. Commission houses
bought July and slight narrowing Of
tho snread The early strength of
wheat and good shipping demand
were influences. May ranged from
237sc to 23S4c, and closed unchanged
at 23Mc.
provisions were active with good
demand at the start, principally from
hackers. A firm hog market also
caused some covering because shorts
and the market scored a fair advance.
The market eased off subsequently in
sympathy with the decline IN wheat,
short ribs exhibiting the most weak
ness The closing was easy, May pork
nc higher. at S9.771a; May lard sc
higher. at s4.S21a. and May ribs IN
changed at $4.S27a.
Estimated receipts Saturday Wheat,
So cars: corn, 400 cars, oats, 2S5 cars;
hogs, 1S0G0 head.
ASSOCIATED Press Quotations)
The leading futures ranged as follows: