The Montgomery advertiser., 1902-05-30
Chicago Grain and Provisions

CHICAGO, May 2S.-Bui1 spectators in
prices after yesterdays serious slump came
to grief again today. For time they took
hold OF few early bull arguments and up
indications that the farmer was rushing his
old holdings to market pushed all prices down
to new level July wheat closed "a lower
July corn u depressed and July oats i4Gssc
down. Provisions closed 2lsc lower to "a
higher.
Most OF the influences Of the wheat pit IA
vored sellers. yet support from a strong quar-
ter and the comparative firmness of the foreign
markets kept prices fairly firm from the 'nrst
hour. Gables showed a little decline. but were
not bearish. Advices did state, however. that
there pressure of spot wheat on the Eng
lish market a great quantity OF stuff due to
arrive, off coast and fine weather abroad BUY
ing by big house that suggested satisfaction
with the price brought in number Of tail
ers' and helped prices. For time corn helped
-whest but 1t son became. apparent that. the
weather in the Winter wheat country was
warm with rains and northwest clear and
warmer. Bears laid great stress on this argu-
poets. Receipts were increasing. in the way
OF novelty. a cargo of Texas new wheat was
shipped in end on its harvesting the South
west sold. No additional export business came
to the relief and everything slumped Juiv
ana dirped to rec. closing weak. u down. at
72AG72k Local receipts we're cars one
OF contract grade; Minneapolis and Duluth re-
points Of aga cars, gainst 1913 last week.
year ago the day was holiday. Urinary re-
CENTS 40
ances in wheat AMI flour equaed $40 900 bush
Every one with interests in corn was alert
at the opening to see what stand the farmers
would take on the Chicago bids sent out last
night These bids. of course, wee reduced I'M
der those which brought out the big accept
ances yesterday but still the country let go
between 500 900 and 400 900 bushels. Cables.
however showed indifference to our slump yes
| terday and the big bull crowd supported fairly
we'll for time. This kept July firm early
to its Yesterdays closing price. Then came
the advice that the S rsS, " Vsle
much though the farmers were rushing
| their stuff TO market Trade turned very bear
ish, bears sold short and when the small sup.
| mort of the Wall Street crowd was taken away
prices dropped lc. Good crop reports keep
coming to market and Weather reGSTs are as
only fair July opened shade higher to IA
| NC lower at 63d e2ss. slumped to So and
o2ItQ62L. Receipts were excessive an 22e
The only feature to the trade in oats was
| the nervousness accompanying the May deal
| Several small trades in this option caused
| Nuctuations Of lc. Otherwise the market was
Ma Arc settling quietly with the operator who
successfully cornered that delivery. 1t Is now
thought the deal is rraGucshE over n ana no
SATURDAY, Crop advices for the growing oats
state that they are in better condition than
anv Of the grains. July new SOLD on from
37iS on the weakness in the other pits TO
37as and closed weak, l4dl. down at sos. Re-
ceipts were liberal at 22e cars: a.,
The strike OF the teamsters OF the big chi
caso packing hrouses began to have bearish
effect on provisions today AZ ten opsnninnEE
nrices were strong on run OF hogs. $4,000
head under tho estimates. Packers msnipu-
lated the pit for higher prices aud then I'M
loaded lard and ribs on the crowd rms. TO-
gether with the grain weakness and the strike
tost tho nil all its early gains and brought net
recessions in some options July pork closed
o. down at Si7 90 bu'S ,sra At SEQ ss ss
Tn, leading futures ianged as follows;