Wheeling register. [volume] (Wheeling, W. Va.) 1878-1935, 1899-08-12
ing shade higher and provisions &c

higher.
Wheat started with an advance of
| 5000 for September, opening trades
in that option being made at c3Ss.0
69Ac. Bull news for the first Time in
weeks was plentiful, but all else was
lost sight of in the/g government figures
on the condition of spring wheat. They
| showed a decline of 81 points in the
| condition, suggesting crop of 235, 0OO,-
| 600 bushels. This would indicate de-
crease of 60,0O0,oo0 bushels, a shortage
| too great to be overlooked even in the
present apathetic condition Of trading.
| To add to the strength of the situation
reports from the northwest told of SER
iou5 and widespread damage by yes
terday's hail storms in the Dakotas and
Minnesota and Northwest receipts
showed a marked falling off. Cables,
however, were rather disappointing,
Liverpool showing but b@A pence adj
vance early, and losing even this slight
advantage before the market closed for
the day. The opening advance was
looked upon by majority of the older
/ traders as sufficient considering the
news, and considerable selling followed
under which September slowly Declined
to 69Ac. Offerings were all absorbed,
so quickly in fact that although per-
! iod of dullness followed the decline to
| 69Ac, some Of the early sellers attempt
! ed to cover shortly after noon. Thea
| it developed that the market was heav-
! lily oversold Offerings were scarce and
apparently the attitude of the wheat
! trading element changed within few
minutes. In the next half hour the
| buying developed into regular scram-
BILE among shorts to cover and the
rapidity with which prices shot UP
caught many heavily. Before The de-
mand had been satisfied September had
advanced to TIC. Realizing at that
figure was heavy and a decline of 3 to
71a@75sc followed but the market was
we'll supported. Shorts being anxious
to cover even at that price and the close
was trong at 7o&c.
Northwest receipts were lis cars
against 305 last week and SO a year
ago.
Chicago receipts were SO cars, IA of
| which were contract grade.
Total primary receipts were 476,000
bushels, against 100000 bushels last
year. Atlantic port clearances amount
ed to 100000 bushels. There was a
better cash demand for all grades of
wheat and $4,000 bushels were reported
worked here
Corn was weak early on the govern
ment report which indicated an excep-
tionally large crop This was the chief
feature of the morning trading and
though no material decline took place,
the market tended downward until the
big advance took place in wheat That
started buying in corn, shorts coming
to the market and advancing the prices
of May, possibly 100000 bushels The
cash demand was not SO active Re-
ceipts were light, 273 cars Crop ad-
vices were favorable September ranged
307sc and closed 1sc higher at 5000
3O7sc
Oats were exceptionally dull. but
= fN11
course of wheat There was good buy
ing of September by shippers, supposed
to be against cash sales. but nothing
was reported worked here
The government report advanced the
condition slightly Receipts were 3S4
cars September ranged from 1870 to
1890 and closed. shade higher at
9s@19Ac
Provisions early were slow and rath-
er easy, small declines taking place
during the morning trading Prices
were lower and packing interests were
sellers The market turned firm in the
| afternoon with the advance in wheat
and under good general buying the de-
clineS were recovered and small ad-
vances scored There was a good de-
mand for lard. but cash business as a
whole was slow AT the close September
pork was 1z05c lower at So 25; Sep
TENDER lard 71ac lower at S. %. and
September ribs &C lower at So 00@
3 0215.
Etimated receipts Saturday: Wheat,
Ill cars; corn, 270 cars; oats, SIS cars;
hogs, $4,000 head.
The leading futures ranged as follows:
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