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

CHICAGO April 3.-It another bear
 plenty of good bulIish news. but the sentiment
 prevailed that yesterdays bulge was nor
 than conditions warranted and late Dearisn M
 crop news sent prices downward until May
 wheat closed 7sc lower; May corn ssms4c down.
 and May oats unchanged. Provisions aiso had A set back and closed Iod27lSc lower
 Trade in wheat dragged much of the time and only once showed any snap: Forelgn mar
 kets slightly up. but disapponIIed I , ,ne bulls in their unresponsive character. me sun also came out to brighten the views or the bear traders. Much of the early crop news
 was bearish and showed it's effect on opening
 prices, Opposed to these factors were the very
 good cash demand by milers-something nke
 soc. GOO bushels of No. Northern being sola
 Duluth and Minneapolis There was semi
 official report that the shortage in n oklanofaa M
 m sod oo oc because Sua of the damage
 started ]t to # lower at 7I%a7ls and worked
 up to 72h on the bull news, but there yss-a1 was n'
 outside markets dragged badly and then came
 the report of statistical concern that al
 lowed about three-quarters of last years pro
 duction for Kansas and Ohio the six princi-
 pal Winter wheat States would raise as mucn
 wheat as last year. In an aireaSy oroot wsnS saS
 May slid down to weak close, 1sc lower
 at 7Ih. Local receipts were 40 cars none
 of maRns oa for
 three points of PA cars. against 2o5 last
 week and sS5 o gear s ago Primary nsr.S feee Wt,h
 sao ooO bushels a year ago. Seaboard clear
 ances in wheat and flour equslled 75S 900
 bushels. The seaboard reported 30 loads taken for export ,. A.
 There were new tactics in the corn pit to- day that set the crowd guessing again Prices started out at small declines because or the indifference of the foreign cables Suddeniy the prominent bull crowd that mas been acuNe fin July options began to sell or that dcIvefy and bought 2 900, 900 bushels of september; This pushed the late future up and the crowd began to tail in. The nearer deliveries sunei ca l in consequence and. unlike wheat, showed no tendency to recover. When the onerlhss ot September proved in excess of the demand that delivery eased of again and wheat exefteu favorable for the crop. Aside from the one incident in September. the corn market vas slack with tendency toward the seihns sioe; May sold between 6oism6o& and 5ses and closed weak, %dS lower at 5e&65e7s Re- ceipts were o4 cars. .,... today on buying of May that led to the beiief that a movement in the cash cereal was at hand The market, however, was very duii and aside from the May strength, which was | disspated by the late weakness in wheat and corn there was no feature. May sold at 431s and closed steady and unchanged at 429s. Receipts ioi cars Seeding and starring of plant growth was reported progressing well. Provisions very weak and the decline looked very much like continued manipulation at the hands of the packers. The hog marke, was weaker and the small decrease in lard stocks induced selling of that product fork, | however was the bone of contention and pack CTS and other longs took profits and threw stuff over so quickly that many shorts who had recently run to cover did not nave | had bought under pressure. May pork closed | 27is lower at SI6.45; May lard 2oc down at | Se 50 and May ribs oc of at S9 97h
 The leading futures ranged as foliows'