Wheeling register. [volume] (Wheeling, W. Va.) 1878-1935, 1899-02-21
MINING STOCKS.
PRODUCE.

Chicago February 20.-An unexpsct-
ed decrease in the visible supply to-day
large clearances at the seaboard and
numerous crop damage claims caused a
sharp rally in wheat and May closed
Is q lie higher. Corn advanced i4c and
oats &c. A general over brow Of long
properly demoralized provisions. pork
losing 35c, lard l5c. ar1 ribs 15G17Iac.
Wheat was firm to begin with and
had several good apologies to offer TO
shorts for being so. The worlds ship
ments 10 Europe last week amounted to
only i,19l 900 bushels. or about $780,
GOO bushels less than Europe's esitmat-
ed weekly requirements. while the
quantity on ocean passage was reduced
5000 bushels against 100000 bushels
Increase for The corresponding week
OF last year. Reports from Missouri
and Nebraska issued by the weather
service bureau were to the effect that
the winter plant had been seriously in
jured by the recent extreme cold All
this was comforting to the bulls and
May opened ssc higher at 72$s @721ac.
A large business was transacted at the
top figure. Receipts here were So cars
against 20 a year ago and Minneapolis
with exactly one-half that number for
the corresponding day last year. Liv
erpool reported wheat stocks in that
port 115,G00 bushels larger than last
Monday, while London's cables claimed
only a small business in wheat and
American -four is sack lower than on
Saturday last The latter items sup
piled the bears with fortitude in selling
h. n.1Ir ~ l,-N nod
away, May declining to 72Bc. The Wis
ible supply instead CT increasing $780,
600 bushels as generally expected, show
ed a decrease of $4,000 bushels while
the Atlantic port clearances of wheat
and flour, amounting to $4,000 bushels.
Those two announcements inspired the
bulls to redouble their energies. May
advanced quickly to 1880. Very heavy
damage to wheat from late frOsts was
claimed from the states of Washington
and Oregon. That helped to maintain
the market near the end and May wheat
closed at 7318c.
Large receipts and a poor shipping
demand weakened corn early. Buying
toEcver short sales. however, brought
about reaction and the early decline
was all recovered.
Rece1ptS 9O3 cars.
May opened a shade higher at $500
359sc, declined to 351Ac, then improved
to 36c and closed at 35%c buyers.
Long selling and large receipts caus-
ed early weakness in oats. There was
a good demand from shorts at the de-
cline and this coupled with the firmness
of wheat caused a reaction to set in.
May began a shade up at 27380271@c,
sold Off to 271sc then improved to 2778c
and closed at 271ac.
Provisions were decidedly lOpsided and
kept topping very time buyers made
an attempt to steady the market for a
while. The enormous receipts of hogs
at the yards started such heavy selling
that the market got on a level with stop
loss orders. The stop loss orders in
creased instead Of stopping the loss.
May pork opened Toe lower at $3.50,
sold sparingly at s9621a, then slid off
to $685., the closing price.
May lard started sc down at $40 and
sold off to $3.50 at the close.
May ribs began sc off at S4.771a@
4SO. declining to s4.65, and closed at
S4.671a buyers.
Estimated receipts for Tuesday
Wheat, III cars; Corn, LOIS cars;
oats, $50 cars; hogs, $4,000 head.
The leading futures ranged as follows: