Wheeling register. [volume] (Wheeling, W. Va.) 1878-1935, 1900-06-23

market pull seems rather feverish. A
feeling that the northwest shortage,
grave as it may ultimately prove to be,
had been discounted was prevalent
among many traders. The heavy profit
taking did not tend to change this opfn-
ion. In other words, it was held by
many that the price had advanced suffi-
GENTLY to allow to-day's news. which
was the most unfavorable yet received,
to be ignored. Hot weather and a clear
sky were generally reported from the
Dakotas,. Minnesota and Manitoba.
From these States crop possibilities
were generally reported t~wo-thirds
ruined and the condition was called a
veritable disaster. Statitician Snow, of
the Board of Trade, just back from a
thorough investigation of the situation,
is reported to have declared the two
Dakotas will not raise over 10000, 600
bushels, while other authorities said
the three Northwestern States altogeth-
Cl, WILL ll1lulLObd, Will NV piOdoNO
over 60, 00o, 900 bushels this season,
July opened 1Ac to 1%c over yesterday
at $3.50 to $3.50, n shortly afterward
sold at S2Ac. The opening bulge was
under the influence of the news of the
character ~hereinbetore mentioned, but
the slump was on profit taking by
longs. The northwest was still a buyer,
but following the opening the market
1uctuated according as the pressure
from longs was heavy or merely easy.
July, following this dip, rallied to $685.
@S3hc, whereupon longs went after
more profits and sent it back to 82Ac.
Again there was a rally, July this time
touching S31zc. The market was press
ed back to S2Tc, but firmly resisted
and closed 1ac over yesterday at S3hc.
Clearances were equal in wheat and
-four to 420. 900 bushels. New York
reported ~ loads taken for export. Re-
ceipts at primary points were 10000
bushels compared with 977,000 bushels
last year. Minneapolis and Duluth re-
ported 425 cars against 438 last week
and $50 a year ago. Local receipts were
144 cars, 38 of contract grade. The
Modern Miller reported harvesting of
winter wheat progressing favorably.
Corn was strong the greater part Of
the session. The market opened with
a sharp advance in sympathy with
wheat, but country offerings were lib
eral and receipts large and the decline
in wheat found a ready ~sympathizer
III corn. The market lost the early ad-
n and Ac to boot. On the decline
came renewed support from the old
bull crowd and buying by people from
the provisions pit. The market stiffen-
ed and the wind-up was strong. July
sold between 40% @41B, closing %@
&c over yesterday at 41h@Bc. Re-
ceipts here were 722 cars.
The oats market was strong and act
i've and the crowd in the usually neg
lected pit double the usual size. The
northwest was a buyer because of loss
of feed stuff and shorts covered mod
erately on the corn strength. Com
plants of scarce hay, lack of grass and
an oats shortage were received. July
sold between 24bc and 25c and closed
Ac over yesterday at 24Ae. Receipts
here were 2S8 cars.
Provisions weres active and strong.
The pit seemed to have at last contract
ed the bull fever which have been af-
feeting grains. Hog receipts were light
prices at the yards firm and there was
a broadening of the outside demand
July pork sold between s11 621h and
$l2 12h and closed soc over yesterday
at sl2 071a; July lard between Sc 7od
s2h, closing 25c up at S. 92h. and
July ribs between Sc 77h and 81 90,
with the close 22hc improved at
Sc s71h.
Estimated receipts tomorrow:
Wheat 160 cars; corn no cars. oats
900 cars; hogs 1900 head.
Articles. Open. High. Low. Close,