The Montgomery advertiser., 1901-05-21
LONDON, May 20.-The Stock Exchange will be closed May 9 and Eth.
Chicago Grain end Provision.

CHICAGO, May 2O-Corn and oats ruled strong today. each closing 2sG1sc higher for July delivery, but wheat lost its early advance and closed unchanged. Provi- sions closed 5Q7A to 10c up.
 In response to the Liverpool market which failed to follow Saturdays advance on this side, July wheat opened 4c low CT to unchanged at 721s@725s. During the forenoon. however the price rose to 73A. This was based chiefly on the purchase of approximately 100000 bushels by a single firm, although the statistics were sufficiently bullish to aid materially in short of July in most cases covered on the advance At 73Ac the advance was characterized by the heavy sales of an influential operator Shorts by this time were in more secure position and this operator succeeded in unloading only a small portion of his long line, estimated at 100000 bushels at 73c or better He sold till the price reached 72a and then, apparently having disposed of his burden, he stopped and the market closed steady, July unchanged at 72%. May exhibited strength at this, but the buying seemed to be side-play for the purpose of help Ing July. From various parts of the Spring wheat country came word of the need of rain. but Kansas prospects were said to be highly satisfactory. The do- mestic visible decreased 2263, 900 bushels. 900 bushels. l.5O0 GOO bushels under the previous week, while the quantity afloat showed a decrease of 100S, ,OO0 bushels. The decrease in shipments was due to falling off in Russian exports. Sea board clearances in wheat and flour were equal to 507,000 bushels, while primary receipts aggregated 500OO0 bushels, com pared with 45sOOo bushels last year. Min neapolis and Duluth reported a total of 3l6 cars. against 305 last week and 3S6 a year ago. Local receipts were 37 cars, one of contract grade
 Corn held firm in the face of very heavy receipts because one firm bought a quan- tity estimated at 2. 600 bushels of July, believed to be mostly for shorts May was also in demand by shorts who saw fit to secure profits, and as there was not much on the market. the price was held we'll above Saturdays level. July sold between 4ih and 45is and closed 3s6Rc higher at Hh. May ranged between 45la at the opening and 4s and closed at the latter figure, l1Rc over the previous close Receipts were 942 cars. 431 of contract grade. Trde WIS fairly ctive.
 Oats were active and strong on a de- mand from country interests believed tn reflect the backwardness of the season This class of buying caused covering by local people who were short and the re suit was advance in prices. July sold between 2Shd2S3s and 29c and closed at 3s@1 12c higher at 2S3tH2Sisc Offerings at the top were liberal. not sufficient to ap- preciably lessen the demand. Receipts were 299 cars.
 Strength in the price of lard was the feature in speculative trading in provi- sions. An advance of l21ac in the May delivery was tken as an indication of an improved cash demand. The market was also helped by the corn strength. July pork closed 7lac higher at $l492: July lard iOc up at $Sl7la. and July ribs 5Q7Ihc i'm proved at $7.97126S.
 The leading futures ranged as follows: