Wheeling register. [volume] (Wheeling, W. Va.) 1878-1935, 1900-03-29
Mining Stocks.
PRODUCE.

~
CHICAGO, March 28.-Markets on
the Board of Trade to-day were act
i've and strong. May wheat closed rs
@1Ac over yesterday, Influenced large
ly by damages to the French crop and
nervousness over a small war cloud re-
ported from Turkey. Provisions con-
tinued their upward career founded on
the small hog supply and the excellent
cash demand, May pork closing 45c,
May lard Csc and May ribs 17h@20c
higher. May corr closed A@%c up,
and BATS Ac up for May and &c better
form July.
News of damages to the French crop
has become a bit of routine having
been cables with more or less persist
ency since the beginning of the sea-
son. Some times has been ignored and
at other times given consideration.
1t was shelved the other day, but to-
day it seemed freighted with import
ance, probably because the damage re-
port carried an estimate reducing the
crop Ga, 600 900. A more liberal expla-
nation of the case of to-day's strength
lies in the 54, 600, 900 bushels in the Wis
ible and the Al, 000, 900 bushels on
ocean passage, which the bears ave
oversold. Large as are these stocks
they would be of small account were
millers the world owe compelled to
draw principally from the stocks men
toned from now till next harvest. The
FEASIBILITY of the theory that millers
are in the position mentioned, is APP
parently borne out by the excellent
demand from eastern centers OF con-
sumption as we'll as from abroad.
However, that may be, shorts certain
ly felt some strong incentive for get
ting in a safe position. In tbs COW
ering ST. Louis interests were leaders.
The advance late in the session was
helped some by nervousness over the
| possibility of a war between Russia
and Turkey in which the other nations
might become involved. May opened
a shade ove yesterday at 65%@65kc
anad advanced to &c, closing strong
rs @1Ac over yesterday. Cables were
firm and the market doubtless felt the
exceptional strength in provisions and
the pit crowd was much larger than
it has been recently. The cash bust
ness was not large, 10000 bushels be-
ing reached here and New York report
ing 20 loads taken for export. Clear
ances in wheat and -four were equal to
1922, 900 bushels. Primary receipts were
500, 900 bushels, compared with $4,000
bushels last year. Local receipts were
IS cars, none of contract grade, while
| Minneapolis and Duluth reported All
cars against 554 last week and 453 a
year ago.
The provision market set out ap-
parently to shatter records and, &C
cording to persons with memories for
statistics clambered up to an eminence
unknown during the corresponding
months of any yea since 1895. Since
December l May pork has gone up
nearly SO while May lard and May ribs
have gained a dollar and over. To-
days market was an outsiders mar
ket, their demands overlapping even
the pressing wants of the packers.
The lard advance was the feature, be-
ing SOC per fierce. There was some
heavy profit taking which checked the
advance for a time, but this Opposi-
ton was swept away after a brief per-
iod, during the middle of the session.
Opening prices, although over yester-
days close, were the lowest of the day.
May pork ranged from $12.15 to $12.50
and closed 45c higher at $12.47A;
May lard from $685. to s6.52h, closing
Zoe improved at S6.521a, and May ribs
from $3.50 to $6.52k, with the close
17h @20c better at $6.62h.
The corn market, a. a rival OF
wheat and provisions for the calcium
light and the center of the commercial
stage, was a failure. Had it not been
g. kl.o1o ~narl-1%c Skn onorcn raroo1
would probably have succumbed to the
statistics, but with the influence of
these two centers of strength the mar
ket held firm. Western receipts were
1000, 900 bushels, more than double
last years. Receipts here were $40
cars. Country offerings were small,
and the weather in the corn belt
stormy. Gables were not an
agement. Cash corr people reported
bids for shipment within thirty days
extraordinarily heavy-in $50. 900 bu.
lots-but the scarcity of car curtail-
ed business. May ranged from Csc to
1895 @3S1ac, and closed Nose over
yesterday at 3S$c.
The feature in the oats market was
the relative strength displayed by the
July option, which lessened the dis
count under May to &c. This was
due largely ~to<country buying. Prob
ably on the strength of the predicted
stormy weather. The market in a gen
eral way was supported by the strength
of wheat and provisions. May ranged
from 24Ac to 24ssc. closing Ac i'm
proved at 24%c. July sold from 23%c
to 23s@23Ac, closing sc up at $3.50
23%c.
Estimated receipts tomorrow:
Wheat, so cars: corn, $40 cars; oats,
185 cars; hogs, $4,000 head.
The leading futures ranged as follows:,
IL. --=