The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1899-08-04
NEW YORK MINING STOCKS.


CHICAGO-The influence of large prl-
mary receipts and lack of foreign de-
mand proved mlghtIer than the reports
OF crop damage In wheat to-day and
caused decline OF 5a@&c. Everything
else on the floor showed some degree Of
strength, corn and oats closing shade
higher and provisions 5d12hc higher.
Longs In wheat struck snag at the
opening In the shape of lower QUOTA
tions from Liverpool. AS the local mar
ket showed j substantial rally yester-
day, at least no weakness was looked
for in foreign markets and the Liver
pool decline. slight though II was, re-
suited in an initial loss here Of NC. Sep
TENDER starting at 69isG69Nc. The alb
sence OF foreign demand for American
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 were so serious as 10 cause the
market TO rally to yesterdays closing
price. The damage was reported as be-
Ing particularly heavy in the Red River
valley. and estimates placed the total
area affected as high as 10000 acres,
with probably Sl.5OO000 worth OF grow
Ing grain destroyed. Later cables
showed some rally in foreign markets
and this also encouraged buying. North
west receipts were moderate. Mlnneapo-
lis and Duluth reporting arrivals OF 229
cars. against 392 last week and II 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
year ago. Export clearances from
Atlantic ports We're large 100000 bush
els Previous to this announcement. the
market reacted from TGc, which point
was reached shortly after the opening,
to 9AMG9sSc: but the liberal clear
ances caused moderate covering
movement, which again sent the price
up to about G9Hc There were many
minor sales and reactions. but during
the afternoon the market gradually
tended downward The seabOard re-
ported little foreign demand and this
coupled with the continued large prIml-
ry receipts APPARENTLY had good deSttnf
Influence on longs, for considerable
wheat was put on the market The
market was quite weak toward the
close, September declining to 69hp
6g%C and closing at 69AC. Near the
close Minneapolis wired that new spring
wheat was offered to arrive there In
two weeks. This had n bcarlsh effect.
Corn, In the main, was fairly active
and firm. Reports OF damage by hot
weather in Kansas, Arm cables and
light receipts caused good rally later,
shorts covering freely. Clearanccs 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 3is cars. September ranged from
305Sc to Gle. and closed shade higher at
30hc, Receivers We're the principal
sellers.
The market for onts was dull and un-
interesting. Prices were Influenced al
most entirely by other grains. aud the
range OF prices was narrow, Continued
changing from September TO May was
n feature May weakening slightly un,
der the selling, while September and
December were shade higher. The
country was fair seller. Shippers
were buyers. Receipts were ~ cars,