Wheeling register. [volume] (Wheeling, W. Va.) 1878-1935, 1901-04-24

PRODUCE.

CHICAGO, April 23.-May corn broke
the crop price record again to-day, and
closed Nc net higher. Wheat broke
under liquidation. closing lac lower.
Oats closed hc down, and provisions
211@ sc to 12jsc depressed. Corn chung
firmly to its strong position, and while
to-day's trade probably was less than
yesterday'ss in point of quantitie
changing hands, it was nevertheless
quite active. The motive for specula-
tive acts was that of yesterday
ly, the fear of concentration OF long
May corn in the hands OF Phillips and
his following. Desire for profits, which
is always factor, was gratified to a
limited extent, but the basic strength
OF the market was not Impaired At the
opening, longs offered literally. Sales
were made simultaneously from 46 to
1870, compared with yesterdays close,
at 1880. Offerings, both Of May and
July, the latter being also in excellent
demand, suddenly ceased, and both shot
upward. May touched 47c, making q
new high record for the crop. Realiz-
ing sent May back to 46c. but this
was followed by another rally to fc.
During the closing hour of the session
the wheat weakness caused some In
crease in the offerings and May worked
down to 1880, but the close was strong,
1sc over yesterday, at 1870. July sold
between 44ss@5sc and 45Ac, closing
NC, closing at 44ssc. Phillips was cred
tied with buying one million bushels OF
July. His purchases Of May already ap-
proximated at eight to ten million
bushels, were much less. Receipts were
1852 cars, 3S OF contract grade. Primes
report of the bullish situation in the
country created considerable inter-
est
Much wheat with which the bulls
loaded themselves yesterday was dump
ed back into the pit to-day because
Liverpool failed to follow the advance
on this side. May opened n to sc
lower at 72n721sc, and it took the COM
bined influences Of the corn strength,
heavy seaDoard clearances and confir-
nation of unfavorable crop prospects In
Prussia to get the market up to 721zc.
AS the short interest was small and the
cash demand slack, while domestic crop
advices were as glowing as ever, longs
sought to take profits and in SO doing
broke May to INC. The close was
heavy, 11sc lower, at 71%c. Exporters
reported "A loads taken. Clearances in
wheat and -four were equal to $4,000
bushels, while primary receipts aggre-
gated 361 900 bushels, compared with
351 900 bushels last year. Minneapolis
and Duluth reported total OF 1874 cars
against 800 last year and 1854 year
ago. Local receipts were 10S cars, none
of contract grade.
Oats opened steady and advanced
early in sympathy with corn, and al
though the bulge was lost on profit TAX
ing. the close was steady. There was
considerable changing from May to
July, at Zee discount for the latter.
Receipts were 424 cars. May sold be-
tween 26B and 25s4c, and closed 1sc
lower at 25A@Nc.
Profit taking sales, coming on dull
market, caused the provisions list to
ease off, and July pork closed 1211c
lower at s14.45; July lard 27s@5c down
at $797AQ5.00, and July ribs 21a@5c
depressed at $7.S7hG7.s0.
Estimated receipts for tomorrow:
Wheat 70 cars; corn IS cars; oats 145
cars; hogs $4,000 head.
The leading futures ranged as follows:
Artirla< Oman Efrh ! Low Close