The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1900-06-25
New York MINING Stocks.
BreadstufFs and Provisions.


cHICAGo-July wheat, at the close
Of sensatlonally bulllsh session to-
day. closed 47sc over yesterday at SSc.
1t sold Immediately after the bell rang
at SSc. A strong advance at Liver
pool and the almost total destruction OF
the northwest crop We're the factors.
Corn closed NG&c and oats Nc inn
proved. Provisions We're excited July
pork closing at Aye, July lard at l5c
and July ribs l7lac better than the close
yesterday.
July wheat opened 27sc to S7sc higher
at sec to SIC, advanced to SOC, declined TO
S6Ac, and then rallied to $50, closing at
the last given price, 4%c over yesterday.
This, In cold figures, Is the story of u
wild, panicky and decidedly bulllish
market. The opening was rather start
ling in its strength, but throughout the
session the market had the appearance
OF bulllshness gone Wild. An advance
of Sd at Liverpool and mass Of mes
sages reporting an almost total failure
Of the spring wheat crop in the north
west brought in buying orders by the
hundreds. Many sections OF the Dako-
tas and Minnesota and OF Manitoba
reported total failures. Others told of
thin, spare, siclSly crops for from three
to six bushels to the acre.
There was still no indication of a rain
in the northwest, while the temperature
remained high. There wCs little talk
to-day OF improvements II good rains
should fall, even ut this late date. Sta
tistician Shows estimated of crop Of
75,00 900 bushels for the three states
should there be no further deterioration
was considered too high by many to-
day. AT the opening the pit was
TANNED with buyers, and sales were
made all the way from sec to SIC. Heavy
proht-taking by longs kept the crowd
from going perfectly crazy. There was,
apparently, no big short interest. Longs
following the opening forced July back
to S51sc by dumping large lots onto the
market. Then the market bucked
with vengeance. The northwest was
a heavy buyer, as usual, and foreigners,
with whom most of the short interest
apparently lay, covered freely. July,
under this buying and some let-up in
the realizing pressure rebOunded to S5c.
Longs crushed 1t back to S6&c again.
but permanent dips were not on the
schedule and the market closed entirely
recovered, July as over yesterday at
SSc. This is an advance OF 12Bc since
last Saturday. Before the crowd had
left the pit, however, July wheat sold at
sec. The cash business was small
consideration. Atlantic port cleara1ces
in wheat and flour We're equal to 100000
bushels. Primary points received $751;
900 bushels, compared with 1867 900
bushels last year Minneapolis and
Duluth reported All cars, against 45l
cars last week, and SIS cars a year ago.
Receipts here were 149 cars, 2S Of which
were contract grade.
Trade In corn was active and broad.
The great wheat strength was unques-
tionably the influence, as country offer
lngs were heavy, receipts liberal and
the shipping demand poor. Following
the opening advance, selling by longs
forced the price back, but rally fol-
lowed. and the close was with most OF
the advance held. July sold between
AAG42c and 43c, closing AG$C up at
42HQ42sSc. Receipts here were rs
cars.
Oats were active and strong. Wheat
was a great bull influence, but north
west damage to the crop and loss of hay
and pasture in that territory were i'm
portant factors. Local interests took
profits on the bulges and elevator people
were sellers July sold between 25c and
&c, closing Nc over yesterday at 25hc.
Receipts here were 3l9 ears.
The provisions market was excited.
Pork showed an advance of almost
81 90: lard 25c and ribs Csc. The mar
ket took It's start from the grain adj
vance. Outsiders came In a rush as
buyers and shorts were In u semi-panlc.
From the top market prices reacted
partially, selling by packers being the
fnctor. July pork sold between Si2 30
and $i3 90. and closed 47lsc over yester-
day at $l2 65; July lard between 81 O5
and 81 II, closing l5c higher mt 81 0Il9.
and July ribs beween 81 l2ia and s. go
with the close l7isc improved at 81 10.
Estimated receipts Monday
Thn lending lMIMrNs TnnEnG as iOlloMs: