Wheeling register. [volume] (Wheeling, W. Va.) 1878-1935, 1898-06-21
MINING STOCKS.
PRODUCE.

Chicago June 20.-On important buy
ing by shorts wheat to-day more than
recovered from an early slump. July
closed with loss of Nc and September
LETT off with an advance of 3s0Ac.
Corn and oats rose &c each, pork gain
ed 25c, lard TIC and r.bs Ice.
unfounded rumors that some one in
the grain business in the northwest was
in trouble, the clear weather, and the
demoralized foreign markets started
wheat weak. For almost fifteen min
utes a sufficient number Of shorts were
induced to cover to keep the price with
in the limits of the opening range But
reports OF harvest operations beng re-
sumed where they have been interrupt
ed by rain and every indication OF a
gigantic crop together with the extreme
dimculty Of marketing it abroad, caused
a quick break. July, which sold at the
close Saturday at 72Ac bid, declined 10
zoe, September lost Use, selling at
60 &c, and December sold off 3sc at
661a. Within an hour, however, the
sentiment showed change The mar
ket here paid no further attention to
bearish news, as shorts were evidently
impressed with an idea that the price
had already declined sufficiently. On
theory and an emphatic denial from the
northwest of all the rumors that had
been current early, together with the
development of a good cash demand,
shorts bought quite freely and kept the
price rising until the early loss was
more than recovered.
Liverpool started at 21ad decline for
July and 1Ad each for September and
December and subsequent qotations
from there came lower and lower until
the final report, which showed July
Sad lower for the day and the Later
deliveries Sd lower. The worlds ship
ments were 10,117,000 bushels, compar-
ed with 5,139, coo bushels the similar
week of 1897 Chicago got 10 cars and
Minneapolis and Duluth ST. against 314
at the two latter places last year. July
opened 1a@1Ac lower at 71@ TIC, sold
down to 701ac, up to 1914, down TO zoe,
advanced to 13c, then fell oil TO re
bid, the closing price. September
started &c lower at 1sc higher at 669s
m671ac. fell to 657s @66c, tirmed up TO
67hc and sold at 6748067%c at the
close.
The improvement in the weather had
a weakening LII uSANC oh ~ -
opening. Later it recovered an the
early decline and CSC more on import
ant buying by shorts. July opened sc
down at 317s@32 declined to 3l9sc
then rose TO 32B@32$4c, asked, the
closing price.
Favorable crop reports and weather
forecast created weak feeling in oats
a the start. Later however, the loss
was all recovered on general buying
and the advance in corn. July opened
nc lower at 23%c, declined to 232sc,
rose to 24A 024%c then sette-d TO Z4Ac
at the close.
The buying of provisions was much
better than the selling and prices after
Welding little early recovered Sharply
Julv Dork started 21ac higher at 9o'12,
declined to 1856, then. firmed up TO
So so. the closing price. July lard Pc
can unchanged to 219c lower at so,fo@
5.721h advanced to s5.SOQ5-sZ1a ana
sold at $3.50 at the close July RIBS
onened SC lower at $40 and rose 10
s555 asked. the closing price
estimated receipts for tomorrow:
wheat 9 cars: corn, SIS cars; cats, z0o
cars: hogs. $4,000 head
Cash quotations were as follows:
4