The Montgomery advertiser., 1902-05-25
Chicago Grain and Provisions

St. Louis-Steady: middHng 2 l-e; saies 50: receipts POI; stock 8.sss \
 Chicago Grain and Provisions
 chicaeo. May 4.-The grain markets were thrown out of gear today by the publication of the government report or last years crop yields. The report was construed quite bearishly for time. es- Dred pressed by W t. In the end, however. an m excellent export demand helped traders to view the revised figures most dispas- sionately and July wheat closed snade a'sssa sssae '0's ssdSsnceS. ssn provisions closed 'Vs Wheat n suffered materially at the open ing. Cables were weak. the governnmCcennaa5 ,c nCc na5 bushels In last years crop over the former figures; trade was light and the crowd was overbold on beautiful weather talk. Kansas points reported tnat nar . with prospects of 35 to 70 busnels to the acre. Estimates of this years crop ex- ceeded 900. 900 bushels. Under these In fiuences and the beartsh effect the gov. ernment report had on the curb last night, opening prices were depressed. July started i-ldy5-s to 1-2gS-S lower at 1s to 72 3-l and hung between these figures began to argue amongst themselves and to digest the report of the Department of Agriculture more thoroughly. In the end they came to the belief that since the with the estimates of the Census Bureau, there was no need to be frightened over It. Even though it showed the crop was 7ls, 460, 900 bushels. estimates of consump. that there has been absorbed something more than all last years production AT | ter the market had weakened on stop | loss orders coming out at 73. the shorts business. Sentiment changed completely developed and prices rallied. The North | western receipts, which have been run tailed but advices were to the effect that ! a car Famine Northwest was preventine an otherwise liberal movement; July worked up to ss ss@l1a and closed. closed firm srs shade up at oSs 70 S ei cootsact f tesT Srads Min. | neapolis and Duluth reported 12b cars | making a total for the three points or lS' | cars. against 1l2 last year and 26O year eis. compared to 4S6.O0 bushels a year | ago. Seaboard clearances in wheat and | flour equaled s15. 900 bushels. New Yorh reported 62o loads taken for export Corr government report. There was hreaf req | of 1-2c on the arbitrary increase or s.eA,
 600 acres in the area and 1S4,o bush l els In the production. The crowd, how l eyer, W66 lictUcu to thc VIEW ,hot S"'.
 sumption had been proportionately great | or. Traders eventually regretted bearisf | gossip and figures on a crop that wal | past and gone and bull sentiment was in tected into the pit. The trata was meyer strongly aitive and1receipts were laree and country sales freer but stin far from large Cables were lower and crop pros poets good with the exception q sub
 soils In some districts Neverthciess
 good strength developed and July raihe,
 sharply to 6s 3-ec. after opening as lov as 6 3-sc. July closed strong 3-sc up . s21-4. Receipts were 94 cars. Oats wer dull and uninteresting. The early tone va wear under influence of other grains. Re ceipts were increased somewhat and crol
 prospects continued to be favorable. Al
 ter the early. weakness. q fair supper
 developed and pyicss rallied. July oat
 advanced from 36 3-& to H 3-SQi-2 an
 closed steady. a shade up at s-s. Re
 ceipts were is2 cars. FrovissDns recovere
 some from yesterdays decline. The ru'
 of hogs at the yards were smaller tha
 had been estimated yet prices were low
 CT. In spite of this and the grain weak
 ness prices opened only slightly easie ! and upon the development of ZOO
 packers support advapces were made
 July pork closed 5d5 l-2c higher a l1,051-a: July lard, 517 1-2 c: up .
 1o.f7 l-2@i0.2o, and July ribs Dc higher . 9S2 IA
 Estimated receipts for Monday: Wheat
 25 cars; corn. so. oats. 2i5 cars. Hog'
 "';oo ~ AL. -.nsl. .rn nnl had