The Montgomery advertiser., 1901-05-22
chicaeo .1rain and Provision.

CHICAGO, May A.-The wheat market ruled strong and fairly active today re- gardless of lower quotations from Liver pool. Weather conditions had again to be taken into account and added to this was the Board of Trades declaration that the Peavey elevator was irregular: kc higher and May corn 2c improved; July oats made a gain of b and provi- sions closed firm and unchanged to TAG higher.
 Reports of a demand for export wheat, light local receipts and bad weather con-
 ditions in the Southwest and Northwest more than counteracted disappointing ca bles at the opening. The Initial price for July wheat was 1sdA higher at 72%@72S and within the first hour an advance to 731s was registered. A firm tone pre- vailed from the start. Offerings were light with fair buying by scattering com mission houses. Report became current I .ha.. .ts:a.. several Wall Street operators were in the wheat market and these, in con- elevator case through which 1t was ru- mored that a large quantity of wheat would be taken out of the contract mar ket. urged the shorts to renewed activity and further advance of Ac was made. On liquidation a reaction to 731sG73h fol- lowed. after which the market rallied to I3%@73%. The close was steady and %c higher at 73% Ten loads were reported for export Seaboard clearances of wheat and flour were equal to 676.O00 bushels. Bradstreets reported a decrease in the worlds net visible supply of 4,192, 0O0 bu Sh- els. Minenapolis and Duluth reported 78 cars, against 12S last week and 32S d year ago. Local receipts were 39 cars, two of contract grade.
 Corn was affected as far as the May delivery was concerned by the declaring of the Peavey elevator irregular and con- sequently relieving the market of 675.0O0 bushels of contract corn 1t contained. May corn opened unchanged at As, sold up to 50k and under profit taking reacted. closing firm and h higher at 491h. July corn also enjoyed an advance, opening unchanged to B higher at 447sG45, selling up to 453s. Trade was active. Weather conditions which were reported as unfa- vorable. exerted a bull influence, notwith- standing the large receipts, After the high price of the day under liquidation July reacted to 45 and closed steady and Ac higher at 45h. Local receipts were 942 cans. 331 of contract grade.
 Oats were strong through the greater part of the day, weakening some tow"" the close on realizing by local shorts. July oats opened a shadS lower
 Strength immediately became manifest on good commission house buying and the Crop reports, too, continued to be a bull ish factor. The price rose to 29AG29Ss, when, by reason of liquidation, a slight decrease was made. Later the bull lead and the market fell to 2sA@29. The close was steady and bc higher at 2S7sq29. Lo- cal receipts were AZ cars
 Provisions were firm after early weak ness that had been induced by the heavi- ness of the days run of hogs in the West. Buying that caused the recovery was largely of the investment character and that was chiefly displayed in the trade in lard. July pork sold between $l4-& and $15 and closed 5d7lac higher at S14.97G15; July lard sold between sS.l5 and sS.22 and closed Pas higAAr at $S20dS.22.
 The leading futures ranged as follows: