Wheeling register. [volume] (Wheeling, W. Va.) 1878-1935, 1899-07-20

PRODUCE.

CHICAGO, July 19.-Values contiD-
ued to shrink on the Board of Trade
to-day Wheat closed at the bottom Of
1c decline; corn lost &c, oats &c,
while provisions closed unchanged to
71ac lower, the latter in pork.
Wheat traders were in optimistic
mood in regard to the new crop at the
opening Of the market. September
opened at a decline of A@3sc with in
itial trades at 7O7s @71c. A few fives
changed hands at 711sc Immediately af-
ter the opening This was the highest
quotation to-day. Perfect weather
everywhere in the wheat belt, primary
receipts, unprecedented at this time of
the year, lower cables from both Eng
land, the continent and the entire alb
sence of demand for cash wheat were a
few of the items in the early batch of
news which brought long wheat into
the market in great quantities. Puts
at 707sc steadied the market for time,
but as soon as buying against these
privileges was over the decline began
afresh and continued until the closing
gong sounded.
Primary receipts amounted to an
even million bushels, against 34S, 900
bushels year ago. Minneapolis and
Duluth received 476 cars against so last
year. Atlantic port clearances wheat
and flour amounted to 900 bushels.
Local receipts were 120 cars against 81
a year ago. September touched 1880
70Ac about noon. At this figure, all the
shorts put out in the last few weeks
showed fine profit, and there was con-
siderable covering, enough to rally Sep
TENDER to Tic. But the shorts appeared
to be the only buyers and the market
fell of it's own weight to 70Ac and
closed at 70ssc, net loss of 7s@1c.
Fine weather for growing corn and
liberal receipts were again too much
for corn bulls ard with wheat mar
ket, the combination in favor of short
sellers could not have been better.
Primary receipts were $4,000 bush
els compared with 414,000 year ago.
With this news as a starter September
opened sc lower at 321a@325sc. Many
belated longs threw their holdings into
the market and steady decline ensued
10 the close. which was at 32c, a net
loss of PC. The local receipts were
SOC cars against 256 a year ago. Export
and domestic cash demand was reporter
much improved.
Oats followed the other markets on a
small scale without especial news af
fecting the conditions, the market held
remarkably steady through a greater
Fart of the session. Just before the
close one of the local bull leaders be-
came a heavy seller and his offerings
were not absorbed without a CORE
spending decline Local receipts were
10 cars and cash demand was slack
September opened a shade lower at
201sc, sold at 201s@20Ac, declined to
1890 and closed at 1914 @19Bc, a net
loss of 3sc.
Provisions opened strong in sympa
thy with an advance of 10@15c for hogs
Profit taking soon wiped out these
early gains and the market ruled rather
heavy until the close. There was no
particular news to bring about q de-
cline other than the weakness in grain
September pork opened 5@10c higher at
$9.35@9.40, declined to S9.17 and closed
at $9.221a, net loss of rye. Septem-
Der lard opened sc higher at $5621a,
declined to $3.50 and closed at S557h;
September ribs opened sc higher at
$5.3212, declined to $5.221a and closed
at $5.25, a net loss of 21ac.
Estimated receipts for Thursday:
Wheat, IS cars; corn, $40 cars; oats,
$50 cars; hogs, 10000 head.