Wheeling register. [volume] (Wheeling, W. Va.) 1878-1935, 1899-08-04
PRODUCE.

CHICAGO, August 3.-The influence
of large primary receipts and lack Of
foreign demand proved mightier than
the reports of crop damage in wheat
to-day and caused decline of 40 sc.
Everything else on the floor showed
some degree of strength, corn and cats
closing a shade higher and provisions
5@i21ac higher.
Longs in wheat struck snag at the
opening in the shape of lower quota
tions from Liverpool. AS the local
market showed a substantial rally yes
terday, at least no weakness was look
ed for in foreign markets and the Liv-
erpool G,,cline, slight though it was,
resulted in an initial loss here of 3sc,
September starting at 69A@695sc. The
absence or foreign demand for Ameri-
can wheat was again noticeable, but
after the first selling movement had
ceased, this was lost sight of in the
continued reports Of domestic crop
damage, which was so serious as to
cause the market to rally to yester-
days closing price. The damage was
reported as being particularly in the
Red River Valley and estimates placed
the total area affected as high as l50,0OO
acres with probably s1,500000 worth Of
growing grain destroyed. Later cables
showed some rally in foreign markets
and this also encouraged buying.
Northwest receipts were moderate.
Minneapolis and Duluth reporting ar
rivals of 229 cars, against 1872 last week
and " a year ago. Chicago receipts
were "a cars, 10 of contract grade. The
total of primary receipts, however,
was large, $4,000 bushels compared
with $4,000 bushels a year ago. Ex-
port clearances from Atlantic ports
were large, 705,000 bushels. Previous
to this announcement, the market re-
acted from zoe, which point was reach
ed shortly after the opening, to 691A@
695sc, but the liberal clearances caused
a moderate covering movement, which
again sent the price up to about 69&c.
There were many minor sales and re-
actions, but during the afternoon the
market gradually tended downward.
The seaboard reported little foreign
demand an this coupled with the con-
tinued large primary receipts appar-
emily had a good deal of influence on
longs, for considerable wheat was put
on the market.
The market was quite weak toward
the close, September declining to 69A
@69ssc and closing at $3.50. Near the
wheat was offered to arrive there in
two weeks. This had a bearish eff
feet
Corn in the main was fairly active
and frns Reports of damage by hot
weather in Kansas, firm cables and
light receipts caused good rally later.
shorts covering freely. Clearances
were large and the cash demand good.
The late weakness in wheat affected
corn, and most of the advance was
lost, but the market closed steady.
Receipts were 34S cars. September
ranged from 303s to SIC, and closed a
shade higher at 301ac. Receivers were
the principal sellers.
The market for oats was dull and
uninteresting. Prices were Influenced
almost entirely by other grains, and
the range of prices was narrow. Con-
tinued changing from September to May
was feature. May weakened slightly
under the selling, while September and
December were shade higher.
The country was fair seller. Ship
pers were buyers. Receipts were AT
cars, September ranged from 1sA@
1880 to 1850 and closed a shade high
err at 19ss@191ae. The improved yell
low fever situation caused better feel
ing in provisions and the market was
strong and fairly active throughout.
Opening at a slight advance, a. good
rally followed on liberal buying by
shorts. The close was strong at or
near the best prices.
There were indications OF renewed
outside interest. September pork clos
ed 121ac higher at sS.421a; September
lard 5@T1sc higher at s5.S21a@5 .35,
and September ribs 71aG10c higher at
S5021z>I5.05.
Estimated receipts for Friday:
Wheat, $50 cars: corn, 500 cars; oats.
450 cars; hogs, $4,000 head