Wheeling register. [volume] (Wheeling, W. Va.) 1878-1935, 1899-06-27
PRODUCE.

time to-day showed a decline of nearly
two cents from Saturday. but ultimate
ly recovered all but %@kc of this
break. Enormous receipts at primary
points controlled the market. Corn
and oats were fairly strong, closing Bc
higher each. Provisions declined
slightly all around.
For a few minutes around the open
ing in wheat it looked as if Saturdays
sharp decline was to be repeated. The
anne iniuences--heavy receipts, weak
cables and favorable crop conditions
were present. The opening in Septem-
Der was at 74A @74%c- compared with
Saturdays closing price of 74k 074Bc.
The market broke still further at once
under heavy selling pressure, longs
liquidating freely and shorts putting
out new lines. September touching
1880 on the decline. Covering by the
shorts who were satisfied with their
profits and buying against puts" caus-
ed a rally to 74Ac, but before II o'clock
the market started on a decline which
carried it to a point almost 2 cents IN
der Saturdays final price.
Minneapolis and Duluth reported 98l
cars against SAG last week and SO a year
ago. Chicago received 155 cars. seven
OF contract grade. The trade has be-
come somewhat accustomed to heavy
receipts at these points, but when Kan
sas City received 300 cars compared
with 26 a year ago, prices went down
with a rush. The decline was so fast in
fact, that sellers became too enthusiast
tic and when about 1870 the liquida-
ton of long wheat let up temporarily,
the market recovered with a sudden
ness that indicated shorts had consid-
erably oversold. A scramble to cover
followed, September advancing to 745s
@14Ac before moor and the tendency
thereafter downward. The news would
admit of no other course when condi-
tions were normal, and prices gradual
ly slipped off to 74@74Bc for Septem-
Der, which was the quotation at the
close.
The visible supply increased 900, 900
bushels. Total primary receipts were
1,21S, 900 bushels, compared with 16O,-
600 bushels a year ago. The cash de-
mand here was slow. July liquidation
was especially prominent during the
morning and a good deal of buying was
done later on the theory that this fac
tor had been eliminated.
Corn was fairly active and irregular.
The market was weak during the morn
ing on the enormous receipts. 1851
cars, favorable weather and the break
in wheat. Elevator people were free
sellers. The market later became firm
and more than recovered the early
break. Cash sales were reported at $780,
600 bushels. Shorts covered freely dur
ing the afternoon. September ranged
from $3.50 to 345sc and closed 1sc
higher at 34Ac.
Oats in common with corn ruled, but
when corn advanced oats followed.
There was a good demand for July
from shorts and this option closed &c
higher. The local stock showed a de-
crease of 100000. The cash demand
was fair. Receipts were 373 cars. Sep
TENDER ranged from ZINC to 21Mc and
closed Bc higher at 21h @21Bc.
Provisions were weak early due to
liberal hog receipts and liquidation.
An excellent cash demand and the
strength of coarse grains helped the
market later, nearly all the decline be-
ing recovered. At the close September
pork was 21ac lower at $S.321k, Sep
TENDER lard a shade lower at So.12@@
5.15 and September ribs a shade lower
at S4.S2hQ4.S5.
Estimated receipts Tuesday:
Wheat, 145 cars; corn, 1,200 cars; oats
365 cars; hogs, 23, 900 head.
The leading futures ranged as follows:
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