The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1900-03-13
IOnan.dICIosed
New YORK Mining Stocks.
nreadstufis and Provisions.


cHicAeo-sensationally strong and
active, the result not only Of particular
~ bullish statistics to-day, but Of
sort Of spontaneous realization Of the
security of the bull position based on
the career Of the market for months,
corn lent a bull influence to the other
markets to-day. May corn closed iNe
over Saturday; May wheat Hc; May
oats N@Sc improved, and provisions
from TIC better for lard TO 2s1Ec for
pork.
Corn took the lead Of the speculative
markets at the beginning of the session
as 1t did Saturday, and held It through
out a sensational day, Interest in the
coarse cereal has not been general on
saturday, as It was to-day. Predic-
tons were made that the market would
follow cotton and go wild within a
short time, baslng the predictions on
the chances OF unfavOrnbls conditions
durln;, the planting season. For the
greater part of the session the pit was
n struggling mass OF frantic men, none
more frantic than the shorts who were
coInpelled to cover at heavy losses.
Fortunes were made and lost In that
wild scramble for the cereal which the
statistics showed was getting rather
scarce in many sections. May opened
M6hc over Saturday, at S6hgSe7sc,
The government report, which seemed
10 he The main motive in the sky rocket
course OF the market, showed 2I,OO0,OOO
bushels less IN farmers hands than
there was a year ago. The quantity on
ocean passage decreased 2,2OS,0O0 bush
IS and Is now down to 9,S4S,0OO bush
els. The visible increased over MILL
ion, but the supply is now 2l,06O'OOO
bushels. compared with 1908 600 bush
els a wear ago. Worlds shipments
were small and the price was up I'd.
This array of information furnished the
stimulus for the initial gain and the
awakening Of shorts and others. The
price until II o'clock did not vary much
from opening figures Then 1t began
to shoot up. Nothing could stop II, APP
parently. and as the shorts bid higher
and higher men in other pits quit their
work 10 look on, Il not to participate.
The demand seemed llmltless. although
the advance carried the cash article
out of line with export bids. May
touched sS83S3sc on the bulge and clos
ed nc over Saturday at S77s@Ssc. Re
caipts here were sos cars and ct pri-
mary points $4,000 bushels. against
GIL, 0OC bushels a year ago. The corn
market began to move upward from
2glhc about four months ago. It ftuctu-
ated narrowly for weeks. gaining
bit at the time unit; ten days ago It
reached SAC. Saturday the. close was
at S6Gsshc for May.
The wheat market was dominated by
the corn strength. The statistics were
bearish. There was large increase In
worlds shipments on passage and re-
ceipts heavy. Cables were steady,
making about the only Independent
support the market had throughout
session when It was drowned out OF the
commercial orchestra by the noise In
the corn pit. The cash demand was
checked by the advance and altogether
the trade was not important, being
merely a feeble reflection Of the corn
market. Primary receipts were $4,000
bushels, compared with 65S,0OO bushels
last year. Minneapolis and Duluth re-
ported 902 cars, against 1S1 cars last
week and 557 year ago. Local receipts
were fifty-flve cars, one OF contract
grade. Atlantic port clearances In
wheat and flour were equal to $4,000.
New York reported ten loads taken for
export. May opened unchanged at
IS @66c. toGched 65xc and recovered to
6Gkc with corn, closing sc over Satur-
day at SEX a663sc. The trade in oats
was not Important, but the market was
helped by the corn strength. Receipts
here were $50 cars. May ranged from
2S%924c and closed k9&c higher at
2Ic.
Provisions were strong and the trade
broad The commission business show
ed a liberal Increase and there was
some important covering. Pork attract
ed special attention as the contract
stock does not exceed 10000 barrels,
with delivery day on May options only
fifty days away. The hog market was
firm, but much of the strength OF the
market was derived from corn. May
pork ranged from $40 90Gp1i 10, and
closed 22lSc improved from Saturday at
Sl1 10; May lard from 50 00G6 05G6 O7ia,
closing Thc up to SO O5 and May ribs
from IS 97Md6 o., with the close 10c
better ut SO O25sD6 O5.
Estimated receipts tomorrow:
Wheat, So cars; corn, $40 cars oats,
420 cars; hogs, 10000 head.
The leading futures ranged as follows;