The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1900-07-16

d.
& CH1CAGo-Wheat was weak from
start to finish to-day and closed at a
decline OF ~ DISC. This makes over
4 c decline in three days. The marked
Improvement in crop conditions In the
northwest kept prices on the down
grade. Corn was strong on the con-
tinued southwest drouth and closed &c
higher. Oats advanced l$c and provis-
ions declined 5@7!hc.
within ten minutes after trading had
started In the wheat pit the price of
September had been forced to point
over n cent below yesterdays closing
figures. September opened unchanged
to nc lower at 79@79Ac, and under SELL
Ing orders from all over the floor, the
price was steadily pounded down until
1t had touched 77Bc. The principal, in
fact almost the only factor in the rapid
decline, was the improved condition In
the northwest. Rains and cooler
weather in the Dakota1 and Minnesota
were reported to have greatly improved
the condition OF wheat, and 4 private
estimate Of Il crop for those three states
OF 100000 to $l5O. 100000 bushels was
then given a great deal Of credence by
disguised holders Of wheat who I'M
loaded fast as they could. At 77Nc the
demand. which up to this time had been
slack. improved. The northwest sent
In good buying orders, while local shorts
covered quite freely for tins. But In
the last hour of the short session the
market again became extremely dull
weak. With the stoppage of the de-
mand prices again slid off quickly, and
shortly before the close the lowest
prices of the day We're reached, Septcm-
be: selling down to 77S077Mc. The
final quotation for that option was
'i%c. a good many stop orders wera
received during the final decline. Chi
cago receipts were Sc cars. IS of cor
tract grade, Minneapolis and Duluth
receipts were 2i4 cars, against 137 last
week and Gil q year ago. Total primn
ry receipts amounted to $4,000 bushels
against 19S.090 bushels year ago. New
York reported loads taken for export.
Corn was quite strong all day. Thu
drouth still continued In Kansas and
Nebraska. and damage In some sections
were reported as serious. September at
one time showed an advance of u cent,
but during the last hour OF trading the
market was somewhat Influenced BY
weakness of wheat and 'prlces DID not
lolu. "a SpId ueli Cl !olp corn WIS SOll
on the early bulge. Receipts were G63
cars. September ranged from 44I@
t47sc to 44lsc, and closed &c higher at
i4Mc.
The market for oats was firm. but
featurcless. Trading was of only mod
crate proportions. with thu price ap-
parently controlled entirely by corn
Crop reports were rather unfavorable
Receipts were l65 cars. September
ranged from 24%@2iHc to 247SG24Ec
and closed &c higher at 2ils. :,1,,
Little was done in provisions. Lower
hog prices and the weakness Of 'wh.a,
had soma effect on prices (which yielded
slightly early In the session. At the de-
cline the market became steady and
held so for the remainder OF the session
September pork closed TIC Tower 4;
Sl2 IS; September lard SC lower 4,
So S714G6 30 and September ribs SC low
ar 1T Sc 95.
Estimated receipts Monday: Wheat 9:
cars: corn GAO cars: oats Do cars; hogs
$4,000 head.
The leading futures ranged as follows: