Wheeling register. [volume] (Wheeling, W. Va.) 1878-1935, 1898-06-18
MINING STOCKS.
PRODUCE.

chicago, June 1.-THE uplifting of
me curtain OF rain-charged clouds that
nave lot about three weeks overhung
the western American skies let in such
MOODS OF sunshine to-day that values
OF wheat We're withered July closed
with a loss of 3k@3Ac and Septem-
Der 2k@23sc. Corn left off at 1%@
!12c lower and oats are down &c. The
declines in provisions were: Pork
121ac; lard 5@7kc; ribs &c.
weakening markets and brilliant
weather in the winter wheat belt pre-
sented an opportunity for short sellers
OF wheat which they fastened to avail
themselves of at the start. Septem-
Der, which closed yesterday at 1880
70Ac, started to-day at from zoe down
to $3.50, and after touching 70Ac for
moment 1t began to roll down hill,
ana dld not cease its descent for two
hours, except to gather force for fur
Their fall. In that time it had declined
to 6SAc. December in the same time
had sunk from 70A @701ac around the
opening to 69A @693sc. July had sold
off from 7SAc to 76Ac. Everybody
sold wheat and evinced no disposition
to buy it back even on such a break
as that shown above There was moth
ing in their minds, apparently, but
the coming of a great crop of new
wheat here and in Europe, and the
fastening Of the advent Of the home
crop by the cessation of rain and the
fair, warm weather that had generally
succeeded it. The market refused to
respond for more than a few minutes
at time, and then only small frac-
ton, and grew still weaker as the close
of the session approached.
Liverpool was 312d lower in July
and 17sd in September. The Paris
market was heavy also, and Antwerp
extremely weak. The domestic re-
clearances large, but such matters
were ignored. The receipts at Chicago
were nine cars against IL year ago,
and at Minneapolis and Duluth II car
loads compared with 237 the corre-
spending day of last year, 207 900 BUSH
els year ago. Atlantic port exports
of wheat and flour were equal to seven
hundred thousand bushels. Argentine
shipped only 272,000 bushels this week.
July opened 1c lower OF 7S@7SAc, sold
down to 771ac, up to Use, then dropped
to 751ac, the closing quotation. Sep
TENDER began 5s@Ac down at Toe, de-
clined to 69Bc, advanced to 70Ac, then
fell off to 6SAc bid at the close. The
temperance of the sun in the west
ern country had a depressing influence
on corn. 1t thawed out good deal Of
long corn that holders had frozen to
for some time, and it all dropped into
the pit July opened as@1ac down at
327s @33c, sold off gradually to $3.50
&c bid, the resting price.
The weakness in oats was mainly in
sympathy with the other grains, al
though the weather was to some extent
a bearish factor. July opened asc low
er at 24sc, advanced to 24Ac, then
weakened to 237sc asked, the closing
price.
The decline in wheat and corn af-
fected provisions unfavorably There
was desultory commission house SELL
ing. July pork started zoe lower at
$9.52h, sold up to s9.621a, then de-
clined to $3.50, the closing figure The
range in lard and ribs was unimport-
ant
Estimated receipts tomorrow:
Wheat, 8 cars; corn, 4S5 cars; oats,
100 cars; hogs, $4,000 head.
The leading futures ranges. as follows: