Wheeling register. [volume] (Wheeling, W. Va.) 1878-1935, 1901-04-05
PRODUCE.

CHICAGO, April 4.-Corn and oats
recovered part of yesterdays loss to-
day, while wheat held steady. The
grain trade was excited generally,
shorts covering chiefly under the in
tiuence OF cables. May corn closed Us
and May oats &c higher. Wheat clos
ed Nc lower and provisions at a loss
of 5@25c.
Hands across the Sea-" came to
the aid of holders of May corn in the
shape of firm cables and Phillips, the
bull leader, had little to do save to
witness a favorable turn of the mar
ket as a recompense for yesterdays set
back. The Liverpool market rendered
notable service in refusing to follow
the decline on this side yesterday. This
attitude frightened shorts and for half
an hour after the opening trade was
wild. The volume probably a~ggregat-
ed less than yesterday, but everybody
except Phillips who bought but twice
during the day was in it. Compared
with the previous close at 415sc, the
market opened with bids ranging from
AZ to AZ. Phillips took 200, 900 bushels.
The market worked back to 42Ac dur
ing the forenoon. About noon a CON-
mission firm offered the same $50, 600
bushels of May at 1850. Phillips took
it and offered the anne price for an
other similar lot. He did not get it,
but the affair created renewed alarm
among shorts. The market suddenly
began advancing and stopped only
after 1880 had been touched. The
close was 43A, rs over yesterday and
only Ac under Monday. Local re-
ceipts were 285 cars, SO of contract
grade.
Wheat was the least firm of the
grain markets. May opened a shade
to A@%c higher at 72R under the
influence Of the Liverpool market
which did not respond to the weakness
o. this side yesterday. Those who had
bought on the slump the previous ses-
sion, expecting an up turn, turned
sellers. Country lots came out ON the
decline and May was forced down to,
71Hc, Nc under yesterdays weakest
point. A sharp cash demand and the
strength in oats and corr later caus-
ed covering by shorts and May rallied
to 72RGRc. The close was steady
May kQAc lower at 72Ac. Except
ing the excitement at the opening,
the speculative atmosphere was more
clear and the feeling less uneasy. Ex-
porters reported 81 leads taken. Sea-
board clearanees in wheat and -four
were equal to 224,G00 bushels, not in
Guiding Baltimore. Primary receipts
were $780, 900 bushels, compared with
544 1000 bushels last year. Minneapolis
and Duluth reported 269 cars against
343 last week and 467 a year ago. Lo-
cal receipts were IS cars, none of con-
tract grade.
Speculative business in the oats
market was not heavy but prices were
strong and the market recovered near
ly all of yesterdays decline. The corn
strength and a good cash demand
and the cash article was worth kc
more than May-were Strengthening
factors. Phillips brokers we're not ac-
tive, but country buying orders were
numerous and local shorts were siren
uous in their endeavor to get into safe
ty. May sold between 25925Ae and
were 324 cars.
The undertoIe of the provision mar
ket was easier on selling by packers,
although there was a good demand
from Liverpool for lard and ribs. The
"edhuesS III May POiA lOI WHICH lQ6Ie
was no particular demand was the
chief factor in depressing other hog
products. May pork sold between
SIS IS and s14 95 and closed 25c low
er at SIS 20, recovering partially in
sympathy with corn May lard sold
between S. 52k@$S 325h. closing SC
down at SIS 42h and May ribs between
IS 30GS 321k with the close &c de-
pressed at IS 20.
Estimated receints tomorrow: