Wheeling register. [volume] (Wheeling, W. Va.) 1878-1935, 1900-04-03
Mining stocks.
PRODUCE.

x
ket was active and strong to-day.
Helped by the heavy export demand
and light offerings, the price scared to
the record for this season, May clos
ing &c over Saturday. The strength
of corn turned the scale in favor OF
higher prices in the wheat pit, which
otherwise was afflicted with statistics
of two sorts, May closing s@2c
higher. Provisions closed 5@7k to
15c improved, and May oats 1s@Ac
up.
The market for corn began the ses-
sion with a squirt of activity and
strength which was not reduced
throughout the day.
The reduction in the Liverpool
stocks was about the only item in the
statistical array which excited con-
sideration. Otherwise the buying was
prompted by the heavy export de-
mand and the very light country ac-
ceptances. Shipping sales for the day
were put at 100000 bushels, all but
100000 bushels of which was sold for
direct export. The visible supply in
crease showed All, 900 bushels, but that
makes only 21,552,000 bushels in COM
parison with 32,737, 900 bushels year
ago. Primary receipts were $4,000
bushels against 100000 a year ago.
Receipts here were 1862 cars. Atlantic
port clearances were 705, 900 bushels.
Shorts covered freely throughout the
day. May opened Nc over Saturday
at 38R@39c, and advanced to 3913c,
top price this season, closing &c over
Saturday at 1895 @391ac.
Wheat should have declined, accord
ing to the views of the experts on
Change. But it did not The demand
for export kept modestly in the back
ground and both the visible and
amount on passage increased. Liver
pool was merely steady, and domestic
reports were favorable to the well be-
ing of the crop. On the other hand,
the bulls banked on the reports OF
cold weather in various parts if Eu-
rope, the reduction in shipments from
Russia last week; the story of inju-
ries to wheat in stack on Argentina
by the heavy rains, and the official
India crop report showing lower per-
centages for the different important
grain provinces. The strength of corn
naturally reinforced the bull position,
and so the market went up. There
was a good commission house demand,
the reason for which was something
of mystery, and shorts were made I'M
comfortable by the course of the mar
ket. The seaboard was relatively
strong, the northwest relatively weak.
New York reported the days export
business at ten loads. Clearances in
wheat and flour were equal to $4,000
bushels. Primary receipts were 1885,
coo bushels, compared with $4,000 last
year. Minneapolis and Duluth report
ed $50 cars, against 731 last week and
SOL a year ago. Local receipts were 90
cars, two of contract grade. May open
ed A@3sc up at 67@67Bc, and ad-
vanced early to 673sc. From that point
the bears forced the price down to
66%c. The India crop report came to-
wards the end and was influential In
the reaction which had already begun,
and May rallied to 673s @671ac. The
bulge met profit taking and May re-
acted to 67hc, closing $s@1ac higher
at 67k@67Ac.
The provisions market was strong
and active, in spite of liberal profit
taking. The strength of corn, buying
of hogs as we'll as product by an in
fluential packer and also buying for
sold out bulls, were influences to
which the strength was attributed.
One firm took in $4,000 tierces of LARD
at practically one price. The cash de-
mand was good. May pork ranged
from $3.50 to $12.S2a. and closed 15c
over Saturday at $12.75; May lard
from s6.421a@6.45 to $3.50, closing loo
improved at $6.47h, and May ribs
from s6.571a to $6.67h, with the close
5071ac up at $6.62h@665.
Oats were firm. helped unquestion-
ably by corn. Country offerings were
small, although the supply in the west
is believed to be large. Spring pork
is impending, but the country roads
are reported in a bad condition. Re-
ceipts here were 224 cars. May ranged
from 24Ssc to 245sc, and closed 1s@A
over Saturday at 241s@2438c.
Estimated receipts tomorrow:
Wheat, 70 cars; corn, 600 cars; oats,
315 cars; hogs, $4,000 head.
The leading futures ranged as follows:
Articles Open. High. Low. Close.