Wheeling register. [volume] (Wheeling, W. Va.) 1878-1935, 1898-06-28
MINING STOCKS
PRODUCE.

Chicago, June 27. - Unfavorable
weather for harvesting and disappoint-
ment at threshing returns of the win
ter crop sent wheat up to-day. July
closed 1Ac higher and September 1c
Corn left off at &c advance. Oats de-
clined nc. Pork lost 21ac Lard lost
507Rc. Ribs lost 71ac.
Damage reports from excessive rains
in that portion of the country where
harvesting is under way created a bull
lsh sentiment in wheat at the start.
The weather in Europe was unfavor-
able Paris, Antwerp and Buda Pest
complaining of continuous rain and
Great Britain joining in the same COM
plant
In addition, reports Of poor yields,
compared with previous expectations
came from almost every quarter of the
American winter wheat region, where
hal -rsting had been completed. There
was considerable short interest in the
market and the seasons for the opening
strength being found upon examination
to stand inspection, there was a general
effort to cover. But the same situation
which induced the shorts to buy check
ed the offerings and with very little
fer sale there was lively competition,
which resulted in better prices. July,
which closed Saturday at 71$4c, sold up
to 73Ac, the first half Of the session,
and September advanced to 6712c,
gain CT nc. Closing quotations from
abroad showed decline at Antwerp of
25sc a bushel. This, together with
some ostentatious selling of July in the
pit here by an elevator concern sent
the price down to Tic for July and 661ac
for September. The crowd was short,
however, and on some good buying the
market rallied quickly and closed near
the top for the day. Receipts here
we're only eight cars, against % year
ago Minneapolis and Duluth received
80 cars. compared with 2S9 the cores
ponding day of the year before. Ex-
norts of wheat and -four since Satur-
dav from the Atlantic ports were equal
in wheat and flour to 100000 The
worlds shipments for the week were
S.647 GOO bushels July opened 1a@1c
higher at 72A 073%c, rose to 73Ac, de-
clined to Tic, then firmed up to 73c hid
at the close. September began Am$sc
better at 661k @667sc, advanced to 671ac,
weakened to 6612c. then rallied 10 o'Ac
bid. the closing price
/
with the price improved somewhat IN
sympathy with wheat. The bull crowd
generally sold out July and bought
September, and the elevator people sold
September and bought July. July
opened Ac lower at 31A 631$ac, up to
81 nc down to 3114c, advanced to 31%
M31%c, then sold off to slice asked
at the close.
Oats were steady to a shade higher
at the start, but prices eased off later
with other grains. The market closed
near the bottom on heavy selling by
country traders. July began unchang-
ed at 22kc. sold ND to 221R@22Ac,
declined to 21%c, then firmed UP to
217sc, the closing price.
Heavy receipts Of hogs and the ap-
parent urgency by some traders to
get rid of lard depressed provisions.
Shorts came to the rescue when l0c
had been knocked off the price of lard,
and that caused a slight recovery from
bottom prices. July pork opened &c
higher at $3.50, rose to 1910, sold down
to $9.411a, then rallied to s9.521a at the
close July lard began 5071ac lower
at S5.55, sold up to $5.6o@5.6212,
weakened to $9.521a, then tirmed up to
$3.50, the closing figure. July ribs
started 71ac higher at $54712, declined
TO 1921 5.35, and closed at $53712.
Estimated receipts for tomorrow:
Wheat 16 cars; corn $50 cars; oats,
$50 cars; hogs. $1,000 head.
The leading futures ranged as follows:
u. -,