Wheeling register. [volume] (Wheeling, W. Va.) 1878-1935, 1900-08-03

PRODUCE.

CHICAGO, August "A decline of a
cent took place in the price of wheat
to-day. More favorable crop reports,
disappointing cables and liberal re-
ceipts at primary points aia mpened the
enthusiasm Of traders. Corn wasfa1s0'
weak on favorable crop news and de-
clined 5s. Oats closed 1sc lower. Pro-
visions were irregular, lard declining
212c, while pork advanced 121sc, and
ribs 215Q5c.
Wheat opened with a material de-
cline in initial trading in the Septem-
Der option, ranging from 75A to 751sc,
compared with yesterday, closing
price of 7534 @757sc. Liverpool cables,
showing little or no advance at that
market, were i good deal Of a disap-
pointment to local traders In addi-
ton to this, crop reports were of
much more cheerful tone, and weather
conditions were ideal for harvesting
operations. Liberal receipts at prim-
airy points added to the depression.
Yesterdays buyers were prominent in
the early selling, which, however, soon
ceased. The local demand improved
enough at the decline to impart some
temporary firmness to the market.
September advanced to 757sc, but when
closing Liverpool quotations showed a
decline of SOLID, the market again
turned weak and from that time until
the close of the session, the tendency
was downward, although scalping OPP
erations which made up the bulk of
trading resulted in several unimport-
ant rallies. There was but little de-
mand for wheat until September had
declined to a point below 75c, when
the market again received support, but
no enough to cause any substantial
improvement, although the market be-
came fairly steady toward the close.
September gradually declined to 74&c,
and was quoted at TAN @7475c at the
close.
Northwest receipts were 235 cars,
against 233 Last week and 229 year
ago. Chicago receipts were 255 cars,
AZ of contract grade. Total primary
receipts were 10000 bushels compar-
ed with 653, 600 bushels a year ago. At
lantic port clearances were large, 651,-
900 bushels A good demand was re-
ported for new wheat and estimates of
the amount worked ranged as high as
10000 bushels. An increase of about
1000, 900 bushels was looked for in the
visible.
Corn was weak and lower all day.
There was some sympathy with the
wheat decline, but independent of this
weakness was caused by the extremely
favorable crop reports and the
weather, which was ideal for ripening
corn. Shipping business was slack,
both here and at the seaboard. Longs
were sellers of futures. Local receipts
were PSI cars. September ranged
from 371a to 32c, and closed 5sc lower
at 371ac.
Oats were very dull and triie cas-
Ter, though the decline was small in
view of the weakness of other grains.
The cash demand continued to show
improvement, and this had tendency
to steady the speculative market.
Country offerings, however, were lib
eral, and elevator people were sellers.
Shippers were the best buyers. Re
ceipts were 326 cars. September rang
ed from 211s to 21ssc, and closed 1sc
lower at 21kc.
Provisions were fairly active and ir
regular Early in the day the market
declined all around, there being some
disappointment over the small de-
crease in stocks. Weaker hog prices
also had some influence. Later quite
an active shipping demand for pork
sent the price of that commodity up
sharply, and other meats followed,
though lard lid not entirely recover.
The close was steady, September pork
121ac higher at $1220; September
lard, 215c lower at $6.S7h0$6.90 and
September ribs 21a65c higher at
$7.17Bc.
Estimated receipts Friday:
Wheat, $50 cars; corn, 260 cars;
oats, $50 cars; hogs, 10000 head.
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