The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1900-06-07
New York Mining Stocks.



CHICAGo-wheat was active to-day
and strong because OF anxiety over the
northwest crop situation and a reduce
ton In the Ohio crop figures. July clos
lMlIkC over yesterday. Corn closed &c
lower and oats n shade higher Pro-
visions thrIved under a good outside
demand and closed strong, shade to
l2Is@15c improved.
Yesterday, the wheat pit was half de-
Serted to-day II was crowded and eV-
cry man in It was busy. The Ohio crop
report started the advance. II put the
condition nj 80. thirty points under the
government report for May and the
lowest since 1866. Only ten counties re-
ported probability of raising even Il
half crop. These figures looked to ira
ders like q practical wipIng out OF the
Ohio crop which last year was 4O,000,OOO
bushels. In the pin 1t was predicted
that the Indiana crop was In even
worse shape than in the sister state.
The DAILY Trade Bulletin" reduced its
figures on the estimated winter wheat
yielded from S74,0O0,0G0 bushels to $780,
100000 bushels. July wheat opened n
shade higher at 67G67isc and advanced
early to 67SsGI67%c, around which fig
ures the market 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 de-
clared that two weeks more OF the pres
ent weather would spoil the crop and
that under the most favorable circum-
stances the Dakotas could only raise u
fair supply. The damage claims were
given an appearance of sincerity by the
buying orders which accompanied them.
The southwest had been q good buyer
early, but the northwest soon took the
lead and held 1t to the end. During the
latter half Of the session July advanced
to GsSc and closed strong 1d1ikc over
yesterday at 6s46Skc. The cash trade
was slow. Primary receipts were 49,
600 bushels, compared with 900 bush
els last yenr. Minneapolis and Duluth
reported S3l cars, against $50 a year
ago. Local receipts were 90 ears, one of
contract grade. Clearances from the
seaboard In wheat and flour were equuI
to 2l5,OOO bushels. New York reported
twelve loads taken for export. The mar
ket with long stun kept the market
from advancing in sympathy with the
wheat buoyancy. Country offerings
were freer and great confidence felt In
the quantity and quality of the forth
coming crop. There was a good cash
Inquiry, but the shipping business was
curtailed by higher lake rates. The
wheat strength holsted the market up
during the session, but after noon the
pressure Of long corn forced 1t back
again and the close was rather easy.
July sold between SSA a3SMc and $3.50
3SAc, closing &c lower ut 303sc. Local
receipts 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 little difficult. July
sold between Else and 2I%c and closed
shade improved at 21hG2lHc. Re
Celpts here We're 2i2 cars.
Provisions We're strong and fairly
active. The strength was in spite OF
large hog receipts and lower prices at
the yards. The wheat strength was n
help, but the real strength OF the mar
ket lay in broadening of the demand
and better support from locals. July
pork sold between 81 26ai1 2I5A ana
81 52h and closed l9hdi5c improved nj
' 81 4Ih: July lard 50 20 and so so. clos
ing a shade improved at 50 M and
July ribs between 50 6 and 80 72s,
with the close sc better at SO 7OdG 72lS
Estimated receipts tomorrow:
Wheat, 10 cars: corn, eos cars; oats,
Ia cars: hogs $4,000 head.
The leading futures RANGED as follows;