Wheeling register. [volume] (Wheeling, W. Va.) 1878-1935, 1900-06-27
Mining stocks.
PRODUCE.

CHICAGO, June 26.-Liquidation by
longs and a slackening of the demand
caused a further reaction in wheat to-
day, July closing 4c under yesterday.
Corn closed firm &c down, and oats
steady %@hc depressed. Pork at the
close was sc and lard 715c lower. Ribs
were a shade higher.
The wheat market might be likened
to a sober second thought" 1t was
active but not wild, and traders in a
more ~leisurely n readjusted to a
degree prices which broke loose and
went soaring last week. There was no
change in the northwestern situation.
The Dakotas and Minnesota renewed
their pitiful cries of distress over the
ruin of their crops, but generally the
cries fell upon deaf ears. On the other
hand, and it was at this hand" traders
looked the most-was the Liverpool
close 3Bd under yesterday, and the
rosiest kind of reports from the south
west, Texas, Kansas, the Indian Terri
tory and Oklahoma, it was declared,
would raise 100, 100000 bushels more
than last year, an amount nearly if not
entirely sufficient to make up the shorN
age occasioned by the northwest fail
ure. Harvesting in many sections is,
according to authoritative advices. pro-
crossing favorably in many sections of
the southwest and by next week should
be in full swing. Local longs pressed
heavily on the market at the opening,
which was at S5%c to $3.50 for July.
The break stirred the northwest and
selling orders from that source poured
in early, sending July down to S2Ac
within an hour of the opening. Some
of the important longs were not SELL
ers, but they were a small minority,
for the crowd with the big profits in
view was large. Late in the day July
recovered to S3Rc, but it was not be-
cause of any change in the crop situa-
tion-merely a matter of a little less
pressure from longs for the moment.
The bulge was lost in short order and
further probable decline was checked
by the ending of the session. The
close was at the bottom, July 4c under
yesterday at SIC. Seaboard c~learanees
in wheat and flour were equal to 321 600
bushels. Receipts at primary points
aggregated 39S, 900 bushels, compared
with 1,001 900 bushels last year. Min
neapolis and Duluth reported 1913 cars,
against 81 last week and $50 a year
ago. Receipts here we're 143 cars, none
of contract. New York reported no
loads taken for export. There was
some cash nibbling from the seaboard
! here, but it did not amount to a de-
mand.
Corn broke early with wheat, but
recovered later and the end of the
session found the market firm. Coun-
try offerings early were reported fair,
which helped in the decline, but later
it was said they were as a whole
light. The recovery was on large cash
business. One firm yesterday disposed
of half a million bushels and various
people to-day worked 400. 900. all told.
July sold between 405sc and 411ac, clos
ing &c under yesterday at Also. Re-
ceipts here were 1859.
Oats were comparatively quiet. The
market broke early with wheat. but
%steadied later in sympathy with corn
and a fair commission house demand,
including some norwest orders. Re
ceipts were 527 cars. July sold between
24Bc and 251ac, closing $@1hc down
at 25A @25Sc. Provisions were steady
in the face of lower hogs and the wheat
break. There was a demand for ribs
from packers who have recently been
selling lard, and this caused a partial
recovery from the opening decline of
12hc in pork. July pork sold between
s12.17h and $3.50. and closed sc down
at s12.27h; July lard between S6.771a
| and S6.S71b. closing TIC lower at S6 so.
and July ribs between $685. and sos,
with the close a shade higher at
$6.97h.
Estimated receipts tomorrow.
Wheat, 105 cars; corn, 40 cars; oats,
J $50 cars: hogs. $4,000 head.