The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1900-06-29
otal sales OF stocks $4,000 shares.
Offered. assessments paid
New york Mining Stocks.
Rrendstnffs and Provision.

CHICAGo-A rush of liquidation, to-
gether with considerable short selling,
caused sharp slump in wheat to-day,
and, although there was some recov-
cry towards the end, the close was
weak-3Sc under yesterday. Corn was
firm. but under the influence of the
wheat weakness closed AGSc lower.
oats closed 9s0$c down, and provis-
ions 12lsG22IAc depressed.
There are nearly four hours to the
regular sessions of the Board OF Trade,
and those hours to-day were occupied
principally in getting rid OF recently
acquired wheat. The market opened
lower because Liverpool was down and
the long pressure was on the market
Under a demand from Wall street and
the northwest and some covering by
shorts, the market rcgained the initial
dip, but this and lot more was lost
later Local longs of the influential
type started in to make the weakened
demand look like nine spot, and sim
ply choked up the opening through
which much of the high-priCed sun has
recently disappeared. Outside longs
on the decline Joined the ranks Of SELL
ers and the market DecHme SO one
sided that 1t dropped 4lac. with only
momentary checks. The bottom was
reached near the end of the session,
and covering by shorts caused n little
recovery but not a sufficient amount
to relieve the market of the charge of
decided weakness The August option
was the more active, although July was
anything but slow. August opened at
S3W, fISIlic, advanced to SiAc, sagged to
S0%c, and closed csc down at size.
July opened at S3IS2isc, sold between
S39sc and 79Ac, closing SS5c depressed
ut soc. There We're rains III North pa
kcta ard Manitoba, but private advices
from these sections and other paris OF
the stricken northwest did not vary
much from tho recent tone The Price
Current, which Is OF influence with some
spectators, made the total estimated
crop, winter and spring, 100000, coo BUSH
els, 200. 100000 bushels of 1t spring, COM
pared with stutistician Shows esti-
mate of AGO. 600, 600 bushels, 1t declared
that with the reserve supply the crop
would be equal 10 the demand, and that
the crop yield would be per cent high
err than the average for the past 1--we
years. However, crop considerations
generally were OvershpdOwed by the
selling, which appeared TO be the hope
of general desire TO get out before
the price got any lower. New York re-
ported eighteen loads for export. and
the cash demand here was slack. Clear
ances at the seab6rd In wheat and -four
were equal to $4,000 bushels. Primary
rcceihts aggregated al 600 bushels,
compared with 79g, coo bushels last year.
Minneapolis and Duluth reported 33S
cars, against 3li last week, and 5ll n
year ago Receipts here were ZIG cars,
three OF contract grade.
Corn was rather quiet, but, consid-
erlng the wheat weakness, 1t was firm.
The excellent cash business done dur
ing the past few days was continued
to-day. about 100000 bushels being
worked from there. This formed the
main support OF the market There was
good rains in the corn belt and eoHh-
Try offerings were moderate. July sold
between 43Ac and 42c. and closed &c
down at 42ihc. August sold between
i35sM44c and i2EsC closing AMMC de-
pressed at 1870. Receipts here were
500 cars. The opening was MIAc un-
der Yesterday In sympathy with wheat.
and the top price followed early with
that cereal,
Oats. compared with the wheat weak
ness, were steady early, but the market
yielded later somewhat out of respect to
the downward path followed by wheat
The northwest was reported to show
prospects Of about half crop I'm both
oats and hay, and this was resisting
Influence against wheat. The country
was a buyer July sold between 2i9sc
and gihc, closing nc down ut 2lSsc.
August sold between 26c and 2AMc, and
closed ss0Mc down mt 25G25Mc. Re
cetpts here we're ga cars.
Provisions were weak. despite light
hog receipts ~ drive was made at pork
by longs, and the whole list. ns usual,