The Montgomery advertiser., 1902-01-29
Chicago Grain and Provisions.

CHICAGO. Jan. 2s.-The grain pits took their cues from oats today which still held held all other pits braced mp, but when they dropped 2% again on renewed selling. wheat trade and the absence of their poten; .nGuenoes steadled the pits toward the olcse and May wheat and May corn closed unchanged from yesterday. May oats lost h and p.ov,sinn1 closed sa2h lower.
 Oats were nervous and fluctuations were wide nearly all the session. May options started shade higher on light offerings and under tho influence of an apparent absence of the terrible pressure that nearly brought collapse yester- day. May even sold up to 42Ss. but then eoun- try holders turned liberal selerss Man len ys with small margins were pressed by calls fo" these were shaken out This drought break for May down to to. Support then developed There was also considerable covering on the breaks and putting out Of short lines on the slight advances. May soon reacted to f2 and closed easy, N down at 4i%@42. Receipts were 3l cars. Gossip on the board today had It that yesterdays furor due to the shak- ing out of prominent Kansas City operator who long about 800 ooO bushels Of May oats. After Saturdays break of l cent. the commission houses that handling this mans line began calling for margins There terday's opening they began selling ont the line to protect themselves. This brough: the fear Kansas City operator is said not to be in any danger of failure, having made good all his home deals.
 Wheat had a fairly good business There was little in the way of news of imports nee and the moderate ups and downs of this mar ket were largely duo to local conditions. Ca bles were slightly better and the worlds visible supply showed a good decrease. There was rain in the Southwest. which gave cour age to the bears. but 1t was the oats dip that brought the, principal fluctuations in this pit The comparatve hrmness of the coarse grains at the opening had helped wheat materially. May opened unchanged to h higher at 77A0 77Hs, and even touched 76c. Naturally on thls strength wheat was quick to respond to any thing that would ina ience a change in coarse grairs. When corn and oats began to dip, then early buyers got discouraged and sold. This amount of short selling sent May down to 77hm77A. This dip was short lived and when the coarse grains rallied. May wheat advanced again to steady close, unchanged at 77sA. Local receipts were 43 none of contract grade. Minenapoiis and Duluth reported 429 472 against 4os last week ana 32I year ago, Primary receipts were 4ee 900 bushels com board clearances in wheat and -four equaled 276. 900 bushels. The worlds visible supply decreased | ,o52. 900 bushels The seaboard re- ported only ten loads taken for shipment.
 Corn started out strong, broke sharply with oats. but later showed tendency to hold up we'll The pit was surprised that only a com paratIvely small anumber of stop loss orders were uncovered at 6oc, as it was generally expected at this figure the market would run into heavy liquidation Instead there fair investment demand from the Southwest Some important short covering took place and a short time May. which had dropped from steady 'as and unchanged at so%asoEs. Receipts Provisions were fairly active and somewhat nervous. There was considerable line of long pork liquidation and the temporary weakness in grains brought a slump in pork. But the market was much stronger in feeling than yes terday and recovered a good portion of the but the market there was rather slow. May pork sold between sl5.so and sl5.52 and closed 2ihc down at Sl567 May lard closed 5d7ia of at Se. 32ls and May ribs Sc lower at