The Montgomery advertiser., 1902-02-09
Chicago Grain and Provisions

S1lSAIO, TOD. 1-6YhhS Ciobed somewhat monetensus week of specula- tion in much the same fashion as the days previous Weakness in csarse grains brought dips all around. but the revival of some small strength in wheat buoyed the market up late in the day. May wheat and May eats lie dcwn. Provisions closed unchanged Sc lower. The narrow up and down market in wheat that has characterized specula- ton in that cereal for some time past began at the opening today. Wheat had to defend itself from the deuressing in- nuences of lower cables and the coarse grain weakness that still made itself against the bulls and at the start St. | Louis and commission houses sold lib- orally. May open1 3-s to 1-4e lower at 77 1-4@77 s-s to n 3-s67 1-s but at once began to show signs of independent strength. Commission houses had some orders late, shorts covering and the To- cal crowd began to buy. May soon touch cd 7s. but en recurrent weakness in coarse grains eased eR at times. At the close. however, May was firm. t-4o up at of contract grade; Minneapolis and Du- lIth reported 2e cars. making . total for the three points of 3oi cars, against S2s last week and 4os . year ago. Primary receipts were aioooo bushels against a. oo bushels last year seabeard clear ances in wheat and flour equaled eos, ,ooo bushels. Australian shipments for the week were sSs. .0ee bushcls, compared with l.oi2,ooo bushels last week and ls4,oco bushels a year ago.
 Corn again led in the decline which opened business today. and its recovery was slow and laborious For q short time. after the opening, which was weak CT on lower cables. 1t gave evidence of utnil recently was one of corn's best l friends. turned against it again today l and took a goed deal of its life away. The storm center of the corn belt has been at Kansas City. where there has been stored censiderab ble quantities. To be sure the recent light receipts at that market has resulted in cleaning up much of the stocks, but uneasiness Is still felt. Both Kansas City and St. Louis reported the Southwest weakening on the 1 there were selling. Receipts at the 1 former point. which of late has been running away below the shipments, furn- ed tables today and easily outran the early part of the short session and sell ing pressed prices downward. May, which opened 1-4 to 1-2c lower, got down as low as d 1-4, after having sold previ. ously at e2. Later the market ruled dull
 shorts covered and with wheat May re. acted weakly, closing weak 3-s down al | 61 3-4. Receipts were S ears. Oats had & nervous, shifting market. The opening tendency was decidedly downward, fol lowing the esrn weakness. At the start
 oats were the weakest sr the Aeor. Ther,
 was heavy selling by commission houses
 early and prices lest nearly cent. Later
 a reaction carried the market up to yes
 terday's last price. May at one time selt as low as 42 5-s. There was q fair amount of trade, but the corn weakness helt prices down. May closed rather weak lie lower at 43 1-l Receipts were es cars
 Provisions were dull and easy The opening was lower on . large run oi hogs at the wards and q consequent drel of Dc in that market. The cash trade wa, fair and packers did some small buying | Prices fiuctuated narrowly. May porb closed 5c lower at 16.e5; May lard 21-1d 1 Sc lower at S.lS and May ribs unchanged at s.S21-2. Estimated receipts for Mon day: Wheat 10: corn 6o; oats los cars
 The leading futures ranged ss follows: