The Montgomery advertiser., 1902-04-16
Chicago Grain and Provisions.

CHICAGO, April I5.-Specuation in grains was cratic nature again today. Doubts to the possible effect of the British import duties on breadstuns mixed the wheat trade early and other influences pressed prices down somewhat. while a break at St Louis hurt com here. Just before the close. however, wheat began to sky-rocket and corn tailed after. May wheat closed | ed l$sc higher. May corn ll4c up and May oats i2c advanced. pro- visions gained shade to oc.
 Early business in wheat was somewhat de moralized. The crowd did not know how tp inter pret the new British duties and early deals were matter of guess work. Rains hal fallen West and inclined spectators tn the bear side. Northwestern rcCe pts. however. were almost nothing and the cash demand al Minenapolis was much improved bt ausc nea ly everything was reported taken up Com was weakening and as adrices from London state that buyers would pay the duties through August and after that the duties would be figured in the contracts, the crowd turned to sell little. May opened unchanged to q shade higher at 7a's to z2ssm72'2, touched 72ia anl sold of to 72. There was great discrepancy in cables. Liverpool early being much 3, higher and closing i2 lower, London prices ranged Ss lowe to 2', higher It announced that colonial well foreign wheat must pay the tax. It was as sumcd by the trade that export business tax measure. After the weakness in corn wore away somewhat and the fair weather reports were offset to some degree by crop strcet's rcporied a decrease of B 3e4 900 bush els in the visible supply, Commission houses had good orders and shorts covered freely. The general sentiment turned very bulish an the opinion prevailed that the slight wcttngs the Winter crop is getting al times helps Il but little Late damage reports scared fbe crowd badly and in the half hour before the close May was showed up cents from its low price for the day and hioneht 74c May Local receipts. A cars, on" "f contract grade; Minneapolis and Duluth reported nly 90 cars. making a total for the threo points of 34 cars, against 235 last week and 434 a year ago. Primary receipts were PSI 900 busr"ls, compared tu 369 coo bushels year ago. Sea hon Ta.l 262, coo bushels.
 Corn shorts were subjected to hard souocz, ing proccss today. There plenty of stuff for sale early on the break of ? cents at St Louis. I'll" situation waS almost the opposite of ycsterIay Kansas city denied a report If a sale of 300 900 bushels cash there and the Southwest turned weak generally, Although cash stocks were practically gore at tho two Southwestern markets, thorc not suff- cient demand to keep Ur!cos up The market was nervous most of the day. hut graduall: bears pluckcd up courage and began selling short Then came the hug" in wheat an prices iumprd upwards again the short crowd tried cover. Actin was very irreS- uar. but the business transacted was not heavy. May corn opcncl tic higher to ',c low at 62igU62. slumped to 6ll4. then ad vanccd to 63c. where it closed stron. lltC higher than yesterdays close. Rcccip's. 52
 Oats held ta hotter prices in sympathy with other grains. There was fair buying oe Ma and the new grade of JuiN. Ctm;nisson houses held in small advance. Local h"ars were moi sellers. but trade wa "rly mnier ter condit ions for soWn oats r"tarlci ddvan'"s somewhat. May sold between 42'e and 43 and closed firm. sc higher at the latte" figure. Receipts. 232 cars.
 Provisions were strong rarly on th" bull sh hog situation Packers W te larg" huy"rs "f pork and rihs ani the outside bought l,ner- ally for investment Offerings, such aS thrr we're came out principally for profits ani prices rased somewhat hut tho tone was crany strong May pork sold at Sl7 ani closed o. ur at SIS. e2'e: May lard clos"d shade higher at So 75mo 77ts and May 1ihs 5G7lgc up at Se l2iene. 2o
 The leading futures ranged as foliows'