Wheeling register. [volume] (Wheeling, W. Va.) 1878-1935, 1901-02-20
PRODUCE.

CHICAGO, February 19-The corn
market sturdily resisted heavy pro-
fit taking movement to-day, and closed
with the May option only shade
lower. Wheat showed a somewhat
mysterious strength and closed at an
advance of 1s@5sc for May. Oats
closed unchanged, and provisions 27ac
lower to 21ac higher.
The corn market was animated,
holding fast to it's recently acquired
position as leader of the board Of
trade speculative attractions. The
l1quidating movement which began in
force yesterday was continued, and
While the volume of business was
smaller, it was sufficiently heavy to
draw attention from all over the floor.
The rowd, encouraged by lighter
country offerings, shall contract stocks
and above all by the stubbornness with
which the price had yielded in the face
OF immense sales by longs was optimis-
tic and absorbed all offerings in cheer
ful confidence that the high price of the
crop had not yet been reached. May
opened 1sc lower to 1sc higher at 40A
to 401ac. Offerings were taken read
lily and the price soon touched 405sc.
Here the selling pressure became
heavier and May reacted to 40kc. At
this price the market steadied and for
considerable period it was a game of
give and take between 401s and 1850.
The close found the market strong,
May only shade lower at 40A @403sc.
Receipts were $40 cars, one of contract
grade. Corn equal to contract require
ments here amounts to only $4,000
bushels. Local cash sales were 100000
bushels, while exporters reported 80
leads taken for foreign shipment.
A degree of mysterious strength per-
meated the wheat market The best
buyers-and the market was a dull one
were owners of elevators This oc-
curing during a month when elevator
people are generally selling futures
against their low grade wheat slim
ulated covering but the trade generally
was in small lots. May opened shade
higher to 1s@Ac lower The market
was run up to 1901 during the fore
part of the session. Tht announcement
of an increase of 9S3G00 bushels in the
worlds visible caused a brief suspen-
sion OF buying, but towards the end of
the session the market rallied again
and closed strong at the top, May 40
&c higher at 755sc. Exporters reported
fifteen loads taken to go to the other
side, while seaboard clearances in
wheat and flour aggregated 100000
bushels Local receipts at Minneapolis
and Duluth were 367 cars against 472
year ago. Total receipts at primary
western points were rs 600 bushels
compared with 481 900 the correspond
ing day last year Gables were steady.
Oats were dull. Receipts here 521
cars, were the largest in some time and
a moderate amount of selling by ele-
vators was thereby occasioned This
was well taken however. May sold be-
tween 253s and 251Ac and closed I'M
changed at 251ac.
Provisions recovered from a slight
depression which was left over yester-
day. Hog receipts were heavy and
this had a weakening effect early but
this was offset later by good cash de-
mand. May pork closed 21ac lower at
$14 90; May lard 21ac higher ia 81 As
and May ribs 21ac up at 81 05.
Estimated receipts tomorrow:
Wheat 55 cars; corn 270 cars; oats
1876 cars; hogs $4,000 head.
The leading futures ranged as follows;