The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1900-08-13

New York Mining Stocks.
Breadstui5s and Provisions.

&CHICAGO-Grain markets followed
the lead OF corn to-day. That market
was given solar pleXus blow by the
government crop report, which was
much more favorable than expected.
and closed ut n decline OF 1Isc. Wheat
&c. chiefly through sympathy. and
oats declined Sc Provisions closed co
7 121sc lower.
Sentiment among wheat traders at
the opening OF that market was not
very pronounced either way, and The
opening was rather tame at 76976Ac
for September, yesterdays closing price
being 76c. There was. perhaps, some
disappointment over the government
crop report. which was not so bullish as
expected, but this was offset by the
continued hot weather and showers in
the northwest, conditions regarded us
extremely unfavorable. Another factor
made Itself felt soon after the OPEN
ing-a sudden decline in corn of 1ssc.
The effect of such weakness on mar
ket naturally rather heavy was imme-
date. Selling was quite heavy for
some time, principally by local traders,
who had bought wheat yesterday in
the belief that the government crop re-
port would show q big falling OF in
condition, and even after this liquida-
ton ceased the market showed but lit
tie signs OF recovery. The September
price was hammered down to 75tsc be-
fore the selling pressure was removed
There was noticeable country selling at
times, and stop orders were received
by some commission houses. The close
was heavy; ut IKE. Northwest receipts
were PSI cars. against ~. cars last week
and Us cars n year ago. Chicago re-
ceipts were 230 cars. q of which were
contract grade. Aggregate primary re-
ceipts were 1,02I 900 bushels, compared
With $4,000 bushels a year ago. This
fact undoubtedly influenced some SELL
Ing. Seaboard clearances OF wheat and
flour were equal to 42I 900 bushels, The
Visible supply was expected to show an
increase Monday OF l,25O, 900 bushels.
81 Corn was feverish, and radically
weak. The government crop report
was O painful surprise to longs, who
had been led to expect much more bull
ish figures by the complaints of damage
which have been received OF late, and
liquidation was heavy from the west.
There was general splitting out Of long
corn, with some selling by local bull
leaders, and prices declined rapidly.
September tinally.broke to 377sc. but the
demand improved. after the price had
reached that point, and toward the
close the market became steadier.
Country offerings We're small. Receipts
were les cars. September ranged from
3IAc to 393ac, and closed lhc lower at
Csc. 5 -,
Oats were dull for the most part, and
showed weakness throughout, the mar
ket being influenced almost entirely by
the weakness OF corn. Business was
largely local. and OF no especial i'm
portance.. Elevator people were the
best sellers. Receipts were 43l cars.
September ranged from 2lSc to coke,
and closed &c lower at aiSc.
Provisions were heavy. Influenced by
the grain markets. and by. the weakness
OF hogs. There was very little .specula-
tive interests shown. moderate llquida-
ton being led By the packers. Prices
rlliec lower from the start. AT tho close
September pork was l2isc lower ut
Sll 60: September lard SC lower al
s. eIM and September ribs nc lower at
81 o.. ~
Estimated receipts Monday:
Wheat, 200 cars: corn, $50 cars: oats,
! $50 head; hogs. 10000 head.
The leading futures ranged rs follows,