Wheeling register. [volume] (Wheeling, W. Va.) 1878-1935, 1901-04-20
PRODUCE.

OdlCAGO, April 9.-Ev1Qeace Oh
bull manipulation in corn and q sharp
reaction in pork were the features OF
. dull session on Change to-day.
Wheat closed Ac lower, corn Nc high
er, oats a shade down, and provisions
from SC higher in July lard to soc i'm
proved in July pork.
A rather brisk trade was enjoyed by
the wheat market during the first hour,
largely because the news was anything
but clearly indicative one way or the
other. Argentine shipments. accord
ing to Board of Trade cable, were much
less than a year ago, but Liverpool
completely ignored the figures and reg
istered a decline. The bears, with the
assistance of excellent weather and un-
diminished crop prospects, had the bet
ter Of the argument at the start, May
opening h@Ack to %@hc lower at
70Ac to 70Hc. A report that the
English weakness was due to selling
OF wheat bought in anticipation OF the
imposition of an important tariff on
breadstufs gave the bulls some hope
and they succeeded in working a rally
to TB@7lc during the first hour.
During this period there had been some
outside interest in the market, but it
was soon withdrawn and the local
trade became dull. Lacking support,
May gradually worked back to 70hc.
There was practically no demand for
export, c~learances were only moderate
and receipts comparatively large. The
corn strength caused some covering
during the afternoon and May reacted
to 70Ac and closed fairly steady Nc IN
der yesterday at FOX @NAc Export
ers reported IL loads taken. Seaboard
clearances in wheat and -four were
equal to 424, 900 bushels, while primary
receipts aggregated 391 900 bushels,
compared with 374, 900 last year. Local
receipts were 81 cars, none of contract
grade. Minneapolis and Duluth re-
ported 275 cars, against 1873 last week
and 262 a year ago.. From the spring
wheat States some tidings OF seeding
progressing under favorable circum-
stances.
Corn displayed considerable firmness,
but this seemed to be based chiefly on
the aggressive attitude of the bull lead
er who is credited with controlling the
May option. The weather was more
favorable to planting, cables were lower
and the crowd at the start was inclined
to sell. One commission house let out
about one million bushels, but it was
taken by the bull leader and by the
shorts. Aside from this support, little
corn was wanted, May sold between
4SAc and 44asc, and closed NC higher
at kQ44Ac. July closed at hc dis
cunt. Receipts were 113 cars, 81 of
contract grade.
Oats were dull and easier on better
weather and a slack cash demand. May
sold between 251ac and 25A @25%c, and
closed a shade down at 25A@25%c.
Receipts were 10 cars.
Provisions We're fairly active. The
market opene4 firm on light hog re-
ceipts and sympathy with higher prices
at the stock yards. The demand was
mostly for pork and the advance sub
sequent to the opening was due largely
to profit taking by shorts and invest
ment buying by those who thought a
reaction due. July pork solo between
$14.32h and Sl4.60, and closed soc high
er at $14.57R; July lard between $7.97k
Qo.00 and SS.05, closing sc up at So. 021a.
and July ribs between $3.50 and $7.s7h,
with the close 5@712c improved at s7.95
@7.97h.
Estimated receipts for tomorrow:
wheat, 80 cars; corn, 120 cars; oats,
2f5 cars; hogs, $4,000 head.
The leading futures ranged as follows: