Wheeling register. [volume] (Wheeling, W. Va.) 1878-1935, 1900-03-14
Mining Stocks.
PRODUCE,

CHICAGO, March 13.-May corn de-
clined shade over a cent early to-
day on proft-taking, but recovered on
covering by shorts, closing steady at
3s@1ac under yesterday.
Wheat was heavy, influenced by
heavy receipts and poor speculative
demand, May closing ss@1ac down.
Oats closed h@Ac lower, and provi-
sions 21ac to 10c depressed.
The crowd lin the corn pit was
much greater than it had been at any
other time for year, not even ex-
cepting yesterday, when the two cent
bulge made the coarse cereal the
cynosure of speculative eyes. The
price was controlled by two influ-
ences at various times-sales for
profit and covering by shorts. May
opened &c over yesterday at 38A@
343sc. Then the excitement began.
Longs who had gathered in the
sheaves months ago came into the pit
and reaped their reward-or as much
of it as they deemed advisable to take
at present. 1t was estimated that
many hundreds of thousands of dol
lars were taken out of sales to-day.
Meanwhile May was shooting down
from first figures to 37Ac, a drop of
1@1Bc from the opening. At the de-
cline the excitement abated to a de-
gree, and shorts, who had waited to
avoid covering on the bulge, began to
protect themselves against another
ascent. Under this influence and
with the light country offerings and
higher cables in mind, May recovered
gradually to 37as @3Sc. Later the
market reacted to 371ac, where it
steadied, and closed 3s@1ac under
yesterday. Liverpool was up Id for
spot and lid for futures. Primary
receipts were 777,000 bushels. COM
pared with $4,000 bushels year ago.
Atlantic port clearances were $4,000
bushels. Local receipts were 6S4
cars, 1856 cars under the estimate.
New York reported q loads taken for
export. Cash sales from here were
put at 10000 bushels. and Philadel-
phia reported foreigners bidding at
the advance The statistical situa-
ton remained practically unchanged.
The wheat market was quiet, and
rather heavy, subordinate to corn,
all day. May opened 1s over yester-
day at 663s@66hc, influenced by
higher cables from Liverpool and
from Paris and with the corn
strength. The break in corn, lower
late cables and the heavy northwest
receipts, together with prof1t-taking
by traders, caused a reaction following
the opening, May declining from 661sc,
which the market touched shortly af-
ter the opening to 65%@657sc. The
close was heavy, May ss@1ac lower at
657sc. The cash business was en-
couraging, 100000 bushels being sold
from here direct to Liverpool, while
New York reported 10 lods taken for
export. Atlantic port clearances in
bushels. Primary receipts were
$4,000 bushels last year. Minneapolis
and Duluth reported 932 cars, against
SGT cars last week and 6S5 cars year
ago. Local receipts were SO cars, one
Of which was contract grade.
The oats market furnished the un-
usual spectacle, for it, of some activ-
ity and strenth early, influenced by
wheat and corn. The exhibition was
of short duration, however, and with
the break in corn the market de-
clined and the wind up was rather
weak. Local receipts were 52S cars.
May ranged from 24c to 23A @2SBc,
and closed 1s@Ac under yesterday at
23%@23Bc. The experience in pro-
visions was much similar to that in
corn, considerable profit taking on
one hand, and covering by shorts on
the other. It was a fairly active
market, apparently inclined towards
easiness. May pork ranged from
$11 1919 to $40 95, and closed 10c un-
der yesterday at Sill 90; May lard
from Sc 071k to S. 0211, closing 21xc
lower at Sc 0232 and May ribs from
Sc OF to IS 90, with the close 21x@5c
depressed at IS 90.
Estimated receipts tomorrow:
Wheat IS; corn. 40 cars: oa|