Wheeling register. [volume] (Wheeling, W. Va.) 1878-1935, 1900-06-21
Mining stocks.
PRODUCE.

CHICAGO, June 20.-Under an enor-
nous buying pressure caused by the
northwest crop situation, wheat to-day
advanced 3Mc over yesterday and held
every fracLlon of 1T to the close. The
other markets were helped by the
wheat strength, corn closing 1asc, oats
lie and provisions 5@7hc higher.
Drouth had ruined half the wheat
crop of the fruitful northwest and now
excessive heat, according to to-day's
dispatches, is burning up the stinted
remainder. A message from that I'M
fortunate part of the country said the
temperature was 100 in places. If any
additional stimulus was needed to
cause a continuance of recent heavy
buying it was found in the news men
toned. The market started the SEES
sion with a good advance over yester-
day and kept on advancing to the close.
Throughout the day the news of the
condition of the plant in the north
west was gloomy to an extreme de-
gree. Many authorities said that where
a few days ago half a crop was a pos
sibility, now, with the lack OF rain
which might have saved, the loss will
be in the neighborhood of ninety per
cent. July opened 1Ac to Use over
yesterday at 1880 to 79Ac, and in a
series of kangaroo-like leaps following
a dip to 7S%c near the opening, adj
vanced to S1$sc, at which the cloBe
came, SAC over yesterday. The north
west vas a heavy buyer, but at that it
could not be said to have led. The de-
mand came from everywhere, appar-
entity 100, 900 bushel lots offered for
nrAEf NV 80 80 ~Aernccnrc rrnrn
gobbled up like a peck of potatoes and
the statisticianS on the board nearly
lost their wits trying to keep track of
a market which had gotten far out or
ordinary bounds.
Outside markets advanced, those In
the northwest shooting up faster THAI
even Chicago, thus furnishing to the
local people additional impulse. The
cash business was curtalled by the
sky-rocketing of futures. The dips
during the day were inconsequential
generally. During the forenoon, July
having jumped to 79Ac, sold off to
7SAc, longs l~iquidating, but following
that the dips were too small to be
noticeable in such a large market. An
estimate puts the amount of wheat
which changed hands to-day at 30,000,-
600 bushels. Clearances at the sea-
board we're equal in wheat and -four to
pa, 900 bushels. Primary receipts were
59S, 900 bushels, compared with 1,060,-
900 bushels last year. Minneapolis and
Duluth, 341 cars, against 4S4 last week
and 713 a year ago. Receipts here
were sol cars, none of contract grade.
A good general buying of corn result
ed from the wheat strength and that
market closed the session in a strong
condition. Receipts were liberal-47S
cars here-and shippers seemed to have
fairly liberal acceptances to their bids
made last night. Also the crop situa-
ton was favorable, but the ~buoyancy
OF wheat was too much to be ignored.
July sold between 1913 40c and 41kc,
closing at the top, 1$c over yester-
day.
Oats were more active and strong,
helped, of course, by the advance in
wheat. There was considerable chang
ing. The northwest bought some and
talk of crop losses in the Dakotas and
Nebraska. Receipts here were 20s
cars: July sold between 23Ac and
24Bc, closing lie over yesterday at
24Bc.
Provisions spectators were calm in
the midst of the surrounding excite
ment, but were in accord with the gem
eral improvement sufficiently 10 ad-
vance the market a bit. July PORK