Wheeling register. [volume] (Wheeling, W. Va.) 1878-1935, 1900-06-09
Mining stocks.
PRODUCE.

CHICAGO, June 8.-Heavy general
buying, caused by the dry weather in
the northwest, advanced July wheat
FAC to-day Sympathy with wheat adj
vanced the other markets. July corn
closed 112Q15sc and July oats q high
er. Provisions at the close were from
DC to 71ac improved. July wheat OPEN
ed at 1@71Ac, fiat jump from yes
terdays close of from 1k to 1Hc.
Then began a trade which in excite
ment exceeded even yesterdays. when
traders were referring to the days OF
the Letter deal for comparisons. The
advance was occasioned by the fact
that the Northwest was still without
rain. Realizing sales were heavy, how
ever, and July, following the opening
declined to 70Ac. Then the pressureoL
buying, punches of which every nan
IN the pit seemed to have in the syrat-
est plenty, came TO the aid of the mar
ket and July shot up to 71%c. Lots
which during the recent dullness would
have caused break In prices were abb
sorbed without a tremor. At this point
the weather bureau announcement of
indications of showers for Northwest
Saturday, caused some cessation in the
buying and the takers of profit forced
July gradully back to .vac. The dip.
however, merely gave the buyers a
breathing spell, for at the price Just
quoted, they jumped into the pit with
renewed vigor. Northwest interests
bought enormous quantities, as did in
fluential locals. Some who went short
early upon the theory that the advance
OF yesterday would in the natural
course OF things be followed by a reac-
action, covered, thus aiding in the ad-
vance. Trading during the last hour
was very heavy. July climbed up to
72Ac, and closed 2ac improved at
725s@72&c. Cables were strong and
the situation in Indiana Ohio and Mich
igan, not improved, but these consid-
erations as we'll as the immediate cash
position were far in the background as
influences. The Northwest had the
center of the stage all TO itself. Testi-
money from the spring wheat territory
was nearly unanimous that the crop
situation was becoming more critical.
AS a rule private adyices from the
Northwest described yesterday as the
worst which the crop has undergone so
far. High winds and sand yesterday, il
was said, did further damage to the
North Dakota crop. Throughout the
entire session the Northwest bought.
persistenty and heavily. Naturally
there was great deal of liquidating. but
the small part the Northwest took In
this was noticeable and was factor in
the squirt with which the session came
TO close. New York reported l9 loads
taken for export. Seaboard clearances
in wheat and -four were equal to 432 900
bushels. Primary receipts aggregated
Cos, 900 bushels, compared with 75S 900
bushels last year. Minneapolis and Du-
luth reported $50 cars aginst TIA last
week and $50 a year ago. Local re-
ceipts were ~ cars. two of contract
grade. Corn was easy and dull during
the first advnce in wheat an gave no
indication of the masked battery il had
prepared for the bears, and which il
uncovered at a critical time and sent
them rushing TO cover. The pit had
been deserted in favor of wheat until
some buying orders brought out the
fact that there was very little for sale.
In few minutes July went up over a
cent a bushei. The conditions dis
closed in corn was due TO the wheat
strength and once started, the shorts
were not to be denied July sold be-
tween $3.50 and 40ls, closing 1hG1%c
improved at 40940lsc. Local receipts
were asa cars. Country offerings were
small.
Oats, like corn. Jagged early, but later
in sympathy with the corn and wheat
strength, braced up and closed strong.
although trade was comparatively not
very active. Shipping business was
slow. July sold between 21A and