Wheeling register. [volume] (Wheeling, W. Va.) 1878-1935, 1900-06-07
Mining Stocks.
PRODUCE.

CHICAGO, June 6.-Wheat was ac-
tive to-day and strong because of anx-
iety over the Northwest crop situation
and a reduction in the ohio crop fig
ures, July closing 1@1hc over yester-
day Corn closed 1sc lower and oats
shade higher. Provisions thrived I'M
der a good outside demand and closed
strong, shade to 121s@15c improved.
Yesterday the wheat pit was half
deserted; to-day it was crowded and
every man in it was busy. The Ohio
crop report started the advance. 1t
put the condition at 20, 80 points I'M
der the government report for May
and the lowest since 1866. Only ten
counties reported a probability of rails
ing even a half crop. These figures
looked to traders like practical WHIP
ing out of the Ohio crop, which last
year was 100000 bushels. In the
pit 1t was predicted that the Indiana
crop was in even worse shape than in
the sister State. The Daily Bulletin
reduced it's figures on the estimated
winter wheat yield from 374,000,000
bushels to 100000, 900 bushels. July
wheat opened a shade higher at $40
671sc and advanced early to 67$s@
67%c, around which figures the mar
ket hung for some time. Then the
Northwest damage claims began to
show their effect. There were no good
rains, the wires reported, and from
all sections came claims of injury to
the crop. One Dakota center declared
that two weeks more of the present
weather would spoil the crop and Laat
under the most favorable circum-
stances the Dakotas could only raise
a fair supply. The damage claims
were given an appearance of sincerity
by the buying orders which accom-
panied them. The Southwest had
been a good buyer, but the Northwest
soon took the lead and held it to the
sion July advanced to 6S1sc and closed
strong at 1@1Bc over yesterday, at
6S@6Ssc. The cash trade was slow
The market, with long stuff, kept
the market from advancing in sym
pathy with the wheat buoyancy.
Country offerings were freer and great
confluence felt in the quantity and
quality of the forthcoming crop.
There was a good cash inquiry but the
shipping business was curtailed by
higher lake rates. The wheat strength
hoisted the market up during the ses-
sion, but after noon the pressure of
long corn forced it back again and
the close was ra.her easy. July sold
between 9SA Q3S3sc and $685. Q3S%c,
closing &c lower at $3.50. Local re-
ceipts were 345 cars.
Oats were quiet, the greater part of
the day, but held firm in sympathy
with wheat. There was fair general
trade with shorts and shippers the
best buyers. There was a good cash
demand, but higher lake rates made
Shipping business a little difficult.
July sold between 21&sc and 21&c, and
closed a shade improved at 211h@
215sc. Receipts here were PIP cars.
Provisions were strong and fairly
active. The strength was in spite of
large receipts and lower prices at the
yards. The wheat strength was help
but the real strength of the market
lay in a broadening of the demand and
better support from locals. July pork
sold between 81 25@11 27h and
sl1 521a, and closed 12kW15c i'm
proved at S11 471s; July lard, Sc $50
so, closing a shade improved at
So f71s and July ribs between Sc 65
and IS 721la, with the close sc better at
S. 1905 725s.
Estimated receipts tomorrow:
Wheat, 45 cars; corn, 2 5 cars; oats.
154 cars. Hogs $4,000 head.