The Montgomery advertiser., 1901-12-11
Chicago Grain and Provisions.s

CHICAGO. Dec. lo.-Extreme nervoushess and wild fluctuations characterized the grain with each other for possession of the pits and all sorts of stories were anoat intended to in prevailed and May wheat closed IS lower, May corn # down and May oats % lower.
 Wheat ruled the board and in the fight be- tween existing facts and the enthusiasm over uncertain futures was madly pressed for losses. At the very start bearish conditions piled up in an imposing array. Cables were weak in spite of strong English country markets. The Northwestern receipts which hitherto have shown a marked tendency to fall off. in- creased heavily. an indication, 1t was thought, that another free movement was about to set in Weather reports on all hands stated that the Winter crop was doing well. Aug menting this bullish argument came a rush als, who had long lines which they had quired at low figure. and by many of the loss. At high prices many sellers wont short. The result was terrible slump at the open
 lower at ssSSsS '+fss0 Tse trade was @ offerings large. Bot such low prices after yes terday's high level tempted buyers again. in s the pit ostensialy from Kew York and 'ss St. Louis There was rumor current that 8 to corner wheat and that this buying for them With a whoop prices started up again. o S Ss GRy 9 sSs s .9 ss and strained. but 1t boosted prizes again to e3h. This time the flood of selling orders and
 
 the market was appalling and the weakening slump came. May sold down in quick jumps. SS the 0 pTes a se nd weak. X down at si%GsiN, Local receipts were I5 cars, one of contract grade. Minne- total for the three points of I,Is4 cars, against l.I2e last week and sonly ssl last w; was 3,2s2. 900 bushels. seaboard clearances (wheat and hour) were SAP GOO bushels The seaboard reported loads taken for export Corn was only moderately active and heavy all the session. It had to lean up against wheat again for support and this prop failed 1t several times There is & marked showing of increases in primary hands and the open tor. The cash demand however, both for the coast and the Southwest. had picked up ma terially and fairly large quantities were taken , opening was marked with selling by profess sionals and brokers Prices broke irregulary at the start, with s May all the way from < wheat decline and the lower cable list. On the soft spots. however shorts covered their May early sold up well and when the reac- tioh came in wheat 1t touched 6eh. The close showed. however. a weak condition with May TM down at o7E. Receipts were 235
 Oats acted in sympathy with wheat and corn, breaking early, recovering later and off materially during the speculation of the past week and stocks show large increases. The selling at the start both for profit and by On the recovery 1t touched it's best price at 46h. The close weak. % down at 46h. Receipts were 225 cars.
 The opening in provisions was easier in sym pathy with the grain weakness, but before noon everything was above yesterdays prices
 The leading influence commission house buying The close was somewhat easy Janu- ary. pork closed loc down at sI6.so. having sGa s@S 5ansary TbS do%n 2 at u st i The leading futures ranged follows: