Wheeling register. [volume] (Wheeling, W. Va.) 1878-1935, 1900-07-05
Mining stocks.
PRODUCE.

CHICAGO, July 3.-Wheat was firm
and active to-day under bullish advices
| from home and abroad, August closing
f1h01%c over yesterday. Corn closed
1011ac up and oats u &c improved. Hog
products at the close was better. Longs
in wheat had evidently absorbed some
hope during the night. This was ap~
parent when the market opened. They
had in mind the fact that the market
had declined lie from the top and hence
| might be ready for a reaction. The
main influence at first, however, was
the unexpected steadiness of Liverpool
in face of the 3% decline here yester-
| day.
lne market showed only a fraction
al loss and during the first trading
hours regained some of that. 1t was
| also reported that Liverpool shipping
! bids were nearly on a parity with
| American prices. August wheat open
| ed Zee to 13sc lower at 1895 to 79Ac,
and shortly afterward sold to 1880.
On profit taking August reacted to
| 1872, which proved to be the bottom
price for the day. There were more
rains in the northwest, but reports
| from that section said the three days
! precipitation of moisture, although
heavy, had come too late. Complaints
that the crop in North Dakota and
! Minnesota was almost complete fail
ure were numerous. From Chilli came
| the report that rains had prevented
| sowing, rendering a small crop next
| season inevitable. This sort of news
sent the shorts to cover. Their buy
ing, coupled with some outside demand
and support from influential local
bulls caused a rally which carried Au-
gust to S03sc. The bulge met the US
ual profit taking and the market drop
ped from the top to 791769Ac, but
| the close was strong, August AQ5sc
up at 79$sb79Ac. Seaboard clearanees
| in wheat and -four were equal to 460,-
| 600 bushels. Primary receipts aggre-
gated 2S4,000 bushels Minneapolis
and Duluth reported 96 cars against 1913
/ last week. Local receipts were 14S
cars seven of contract grade.
Corn gave an exhibition of strength
and activity which was partly due TO
wheat, but principally to its own con-
| dition. Hot weather in Kansas and
| Nebraska and an excellent cash de-
mand were important links in the bull
chain. Liverpool was higher for flu
trues, but depressed on spots. Re-
ceipts were 1,161 cars The outside de-
mand was excellent and the covering
of shorts on a liberal scale. August
sold between 4214 and 43Ac, closing l
| QlAc up at 43A 643Ac.
| Oats were bit easy following a firm
! opening, but turned upward later in
the day. helped by corn and wheat,
and closed firm. There was consider
able liquidation by Northwestern in
terests and this caused the depression
early. During the later half of the
session shorts were the best buyers.
Receipts were 463 cars. August sold
between 23ssc and 225sc, and closed
| Ac better at 23ssc.
| The provision market was strong and
moderately active Hog receipts were
light and considerably under the esti-
mate. The grain strength was a help
and there was less selling by western
packers than there has been recently.
Shipments of produce during the "a
hours preceding the session were very
| large. Shorts were the best buyers.
| September pork sold between s13 90
| and $12 80 and closed 15c over yester-
| day at s12 20; September lard between
81 90 and IS 90Gs2is, closing 71lzc bet
ter at IS 9212 and September ribs be-
tween 81 2oG7 10. with the close Tjzc
| improved at 81 TO-
Estimated receipts tomorrow:
Wheat 90 cars; corn $50 cars: oats
$50 cars; hogs $4,000 head