The Montgomery advertiser. [volume] (Montgomery, Ala.) 1885-1982, 1902-07-15
Chicago Grain and Provisions

Chicago Grain and Provisions
CHICAGO. July I4.-Heavy movement in
today and brought slumps all around July
corn continued its display of pyrotechnics OF
last week, although today u looked like the
the general decline the thudding drop of 5h
in July corn was m9ss impartsnt and sansss
losses were Sc for. July corn. %GB for Sep.
TENDER em1 corn, for September wheat and
closed 2l4c lower to 7lsc higher
1t was a big drop in July corn and the
bulls tried to give several reasons or me de-
cline. Probably the true cause was that corn
in generous supply is moving toward Chicago
at rapid rate. Ever since the talk Of a
corner in July options elevators and cash
handlers have been busy making contract
grade corn with their utmost energy. Today
the bulls had to face receipts Of 472 cars,
ton to this private elevators made and put
out 207 cars and 1000 bushels, total
OF half million bushels of contract stun.
The fair weather OF the last few days was
just the sort to help in grading and with the
reported estimates s44 cars for tomorrow.
which would probably be augmented to over
by the elevator people, sold to a man. There
was also disposition TO believe that the
Board of Trade directors would stipulate q
marginal price for corn. so that both longs
and shorts could be called heavily. II such
action is taken by the board tomorrow. It is
thought II Will work against the corner. Early
trading was rather light. but Of beaeish cast.
When the estimate sheet was posted July
was sold literally. Every sale had to be
made at good concessions to the buyers and
from Sc cents the cornered option foundered
and thumped to 8oM. September was weak
opening shade to hassc lower than Saturday
at 6t&@6lls decline though gradually, and
closed weak. %aAc lower at 81. July rallied
little from its bottom price. but closed
very weak with a loss OF SC at SIc.
Wheat ruled weak after a manentary firm
ness at the opening on prospects of rain. Ca
bles lOyyer in I.fyArn0Ol Paris W Ci0Sad
and recslpts showed heavy percentage OF
new wheat. The visible supply increased 6s6, -
600 900 last year. These influences. together
with those attendant upon the corn break or
The crowd began selling freely. and septem-
Der wheat. which opened a shade lower to
hGhc higher at 1874 to 73%. declined stead
ceipts were fairly large at es6, 900 bushels,
against 1870, 900 bushels last year. Local
receipts were % cars. of contract grade and
ceived 534 cars, making total for the three
points Of 627 cars, against loss cars last
sbes a WGTs ass o
bushels last week and 7.l62.ooo bushels a
year ago. Breadstuffs on passage decreased
wheat and -four equaIed 4e2 900 bushels The
estimate Of $50 cars for tomorrow was re-
ceived bearishly.
a result OF free offerings by farmers of the
new oats in order TO take advantage of high
Prices. 4Oherlngs IN lniDoiS were particularly
liberal according to the reports. Favorable
weather over Sunday and a general improve
ment in cror prospects precipitated selling.
September sold Off over lc. selling high as
33h at the opening and closing weak. Ik0lk
down at 32%. Receipts were 81 cars.
Provisions were rather quiet, but held up
we'll in the face Of weak hog market. Lard
was inherently strong and aided other pro-
ducts on the list The outside bought early,
but both pork. and ribs lost most of their
September pork closed 2is lower
at Sie 67h; September lard ~ up at SII .42ls
after touching 81 As and September ribs a
shade higher at $40 $50 10. S7Ik.
The leading futures ranged as follows: