The Montgomery advertiser. [volume] (Montgomery, Ala.) 1885-1982, 1902-03-15
Chicago Grain and Provisions.

CHICAGO, March l4.-Corn strength domi-
| sion today There were bearish factors at
work In wheat which finally prevailed in that
Of the looked for dec,ne ana itseif bsis r
At the close May wheat was ssd% down. May
corn ssaiac higher and May oats y lower
Provisions closed a shade lower to Sc higher
Local bulls took corn In hand shortly after
the opening and easily forced prices up the
last night with short lines expecting a further
decline today on yesterdays weakness. Ca
bIes. however, were remarkably steady. there
was fear OF a general spread Of the cold wave
In the Northwest and leading bull started in
early to bail out the offerings in the pit
Feeding demand in the West was good and
the West had nothing to sell Kansas City
was reported bidding ! cent over Chicago In
Iowa yesterday Receipts here were very light
place. had to bid up for the scarce offerinss
The cash situation was much improved. New
still builish. The buying here was good, but
mainly by local people. The sentiment for a
bulls. The break In wheat had nothing but
a temporarily easing effect May started
ehansed to up at eiAae21s. advanced to
Saisc higher at s2Aae2si. Receipts were 81
Wheel at one time during the session felt
enough of the corn strength and the below
weather in the Northwest to acquire a
firm tone and sell above Yesterdays closing
price. After the slump OF yesterday the cables
had a very steady tone Commission houses
were fair buying orders early shorts became
uneasy and covered. The Illinois crop report
indicating a condition of rs compared to %
in April year ago. was not considered bull
ishly. as the authorities stated there was no
complaint of Winter killing and the roots
seemed strong and the plant in good color.
The market was fairly active and showed
q fair amount Of strength up to noon. The
coarse grains aided materially in the situa-
ton. but later when statistical journals an
nounced the Western condition favorable in
the extreme. heavy selling set in. ST. Louis
and the crowd were very beariah and prices
suffered a serious relapse: May, which opened
up to 7bA. dropped quickly to a weak close,
ss6%c lower at Tan. Local receipts IS
cars. none Of contract grade; Minneapolis and
Duluth reported 200 cars, making a total for
and 4i6 year ago. Primary receipts were
4I7,ooo bushels compared TO $4,000 bush
els year ago. Seaboard clearances In wheat
and -four equalled 81 900 bushels. The
board reported 50 loads taken for export.
Oats were dull and ruled fairly steady.
Cash business was reported somewhat i'm
proved and the corn strength aided toward bet
ter prices. The late break in wheat however,
caused some selling and decline Gossip has
IT that the leading bull professional who hac
bushels of May has gradually been transferr-
ing his holdings to July Traders pre-
dieting that the later options would 10 even
higher than May has been selling at. Today
May was dealt in very sparingy. open
ing lower. selling TO 46 and closing at ass
Provisions early were weaker in sympathy
with lower hog market. Some fair buying
was done through brokers for packers, but
the late trade dull. For a time pric ae
pork closed Sc higher at si545; MAY lard a
shade lower at So: 4oqs. 42tA and May ribs un-
changed at Sc. 4oa5 42i.
The leading futures ranged a. foilowai