Wheeling register. [volume] (Wheeling, W. Va.) 1878-1935, 1900-06-12
Mining Stocks.
PRODUCE.

CHICAGO, June 1.-THE wheat mar
net to-day scared to the highest point
since October and closed 2hM21L G
hlGher than at the close of business on
'Change Saturday. Continued drouth
and crop damage in the northwest were
the factors. Corn closed Ac and oats
1sc lower Provisions at the close
were unchanged to 21a@5c depressed.
Wheat was excited and buoyant to-
day, and the pit a very busy place
even buster than during the three pre-
cedlng sessions. A huge amount of
trade was transacted. All the COM
mission houses had an extra number
OF brokers in the pit-jammed in.
crammed in, any way to get mas one
OF them put it. Fluctuations were
wide. Practically there was but one
consideration-the situation of the
spring crop in the northwest. The
frantic advances, however, were tenn
pered by large profit realizing sales.
Had it not been for these sales the
price might have advanced right on
through the rough. Despite the stuff
put on the market in this way, most OF
the advance was held. The fluctua-
the crop situation, but depended On
the pressure of sellers or buyers at
the time. July opened 1@1Bc over
Saturday at 721sc to 721ac, and shot up
to 1885 @73a4c early without a break.
Realizing by longs forced it back to
731sc, but following the dip the mar
ket advanced aggressively to 74c, the
highest price since October, when the
Boer war began. A decline from this
price to 731s@73Ac was followed by
recovery to 73%0737sc On the heels
of this bulge, July dropped to 791sc;
then recovered to 35s073Ac, and to
wind up, dropped to 73Ac, at which
the market closed, 21s@I14c over Sat
urday. At the opening the fact that
The northwest had received no rain
over Sunday was a piece of bull infor-
nation staring traders in the face.
Rain had fallen in moderate showers
around the drought-stricken territory,
but the Dakotas and Minnesota were
still dry. TO-day's signal service pre-
diction held forth no hope of relief.
During the day reports of damages in
the northwest flooded the commission
houses. The burden of them was that
an optimistic view promised less than
half a crop; that a week more of dry
weather meant the practical destruction
Of the crop. With information of this
sort close at hand, foreign news was
ignored completely. New York report
ed five loads taken for export. Clear
ances at the seaboard in wheat and
flour were equal to $4,000 bushels.
D,;,, i,1to bod
bushels, compared with 100000 BUSH
els last year. Minneapolis and Duluth
reported 776 cars, against 925 last
week and 976 a year ago. Local re-
ceipts were 6S cars, none of which
were graded contract.
The corn market was quiet and al
though it showed some advance early
under the influence of the wheat
strength, lost it later and closed heavy.
Crop reports were as usual favorable
and country offerings decidedly freer,
while the shipping demand was slack.
The seaboard was believed to be walt
ing for break in lake freights. July
sold between 399sc and $3.50, closing
Ac down at 3S%c. Receipts here were
346 cars.
Oats. had there been no excitement
around them, might have been consid-
cred fairly active. The trade was not
large. The market showed some adj
vance early in sympathy with wheat,
but relinquished' it later. July sold
between 2214 @22Ssc and 22c, closing at
22c. Receipts here were Sic cars.
Provisions were dull and featureless,
closing rather easy. The market show
ed some steadiness early in sympathy
with the wheat strength. but lost 1t
later The outside trade was small.
July pork sold between s11.S2A and
S11.7212, and closed unchanged at
s11.75; July lard between $500 and
s6.S21a 06.s5, closing 21a@5c lower at
s6.S21aG6.S5. and July ribs between
so.S71a and $50. ana s6.S21sQ6.s5. with
the close a shade down at s6.S21sQ
6.S5.
Estimated receipts for tomorrow:
Wheat. $50 cars; corn, SEQ cars; oats,
$50 cars; hogs, %, 1000 head.
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