Wheeling register. [volume] (Wheeling, W. Va.) 1878-1935, 1899-06-22

CHICAGO. Jun6 FL The spectre g.
the new crop doomed up before wheal
traders to-day and was big factor ~
the decline Of A@Mc which marked
the days trading in that cereal. Con-
tinued heavy domestic receipts made
It's effect more apparent Corn and
oats were rather heavy but closed ofiy
a shade lower. Provisions showed
practically no change at the close
Any hope among wheat traders that
yesterdays late steadiness was the be-
ginning of reaction was dissipated
before the opening by the reports OF
much needed rains in the Don district
of Russia, improved crop prospects IN
that country, and an early decline oil
I'D in Liverpool cables. The effect OF
this news on spectators was PARTLY
nullified at first by rain in the North
west, where too much moisture has al
ready put the wheat fields in danger,
and after about Is minutes of weak
ness, the market developed some
strength in covering by shorts. Open
ing sales ON September were made at
765s@76Ac, compared with yesterday S
closing price of 1870, and the liquida-
ton that started at once carried the
price down to 763sc. On this early
break the Southwest, where new wheat
crop is appearing in the market, was a
heavy seller.
Covering by shorts who saw danger
in the Northwest rains carried the
September price back to 76a4c, but be-
fore IL o'clock the market again de-
veloped extreme weakness, and from
that time until within few minutes
of the close selling was persistent and
heavy. Northwest receipts were heavy,
Minneapolis and Duluth reporting 713
cars, against 434 last week and 81 a
year ago. Chicago receipts were 125
cars, six of contract quality. The to-
tai at primary western points was L.
060,000 bushels, against 1920 bushels
a year ago.
Atlantic port clearances of wheat
and flour amounted to 100000 bushels.
There was only a moderate cash de-
mand here.
Late Russian advices were not so ia
vorable, but traders had apparently
lost their interest in the foreign sit
uation and had turned their attention
to the domestic crop September had
755sc, but enough support materialized
the last half hour to cause a reaction
to 76@76Bc, and gave some appear
ance of steadiness to the market. The
close was at 76@76Mc.
Corn sympathized with wheat to
some extent, especially during the
morning, but the narrowness of trad
ing prevented any material decline.
Receipts were liberal, 600 cars. and
crop advices were favorable. Shorts
covered to moderate extent, and in
the absence of selling pressure the
market recovered nearly all the early
decline. September ranged from 34Ac
to 34%c. and closed a shade lower at
34h@34ssc.
Oats were dull but fairly steady, July
showing slight advance at the close
September felt in a degree the weak
ness of wheat, but the good cash de-
mand helped prices late in the day.
Crop reports were favorable. Re-
ceipts were 1855 cars. September
ranged from 211ac to 217sc, and closed
a shade lower at 215s@21%c Pro-
visions were almost at standsGill.
There was little selling by grain peo-
pie, but no pressure from packers. At
the close September pork was I'M
changed at $S.42b; September lard a
shade lower at S5.15; September ribs
a shade higher at $4.S504S71s.
Estimated receipts for Thursday:
Wheat, lit cars: corn, 700 cars; oats,
200 cars; hogs, $4,000 head.
The leading futures ranged as follows: