The Montgomery advertiser., 1902-05-23
Chicago Grain and Provisions

SusCdKO ogdlu dhu 1lOVIo1cho
 CHICAGO. May 22.-wheat worked down new level today but there was not enoug' activity in any of the markets to make tn lower prices attractive and although whFa was a general depressing influence co T. steadied prices. July wheat closed Nc lower July corn k lower and July oats hGAc high ei: Provisions closed 21saS to sa7iac higher
 Weather of the same favorable character fN all crops has prevailed almost uninter iuptedly since the opening of Spring doini- mated the wheat market at the opening. Ca bies were lower: the early export demand was slow and conditions began to favor seedin in the Northwest. Receipts were still light but there was argument to the effect that last year big movement was result of sweep.n5 bins clean all over the country in antic pa tion of last years big crop and this year | receipts would naturally total much less Further. the small receipts bull argument ha been a losing one for nine days-that Is. ever since January touched 74N. For this reason suit July started out weak and at once grew weaker. opening la9Ac lower at 74h@74s state that crops were in very good condition, but beading slow in some cases. After the early decline. the pftSru.ed very dull. Stop loss orders had come out freely at 74c. Late Kansas reported poor prospects in spite Of the recent generous rains and as cash hous es told of very good business at lower figure Local receipts were cars n,ns M,nnsspos ,o,, an for a the three sp'po points of as cars asains, a last week and 233 a year ago. Primary re- ceipts were 2 5. 900 bushels, compared to 2SO.- GOO bushels last year. Seaboard clearances in wheat and -four equaled only 265 900 bushels The seaboard reported 69 loads taken for ex port.
 Corn trade was uninteresting. save that prices held very steady all day. buoyed up b, small receipts All other conditions favored lower prices; country offerings were larger. seaboard clearances small and crop prospects were fine. There was little demand and trade hung idly but holders were buying little. inclined to let go of their stuff. Cables were indifferent. Commission houses sold sparingly and prices eased with wheat, but in the main the market was well held. July sold as low as 6I7 and closed trife easy, 1sc lower at 6oIe2h Receipts were 5 cars.
 Oats ruled fairly active and strong. There vas some good May buying by the big bull interest and although there was an early easy tendency the crowd were uneasy over the pos abilities of q squeeze in the current opt. Cash business was good and there was some news of damage to the growing plant. July sold early at 36M. but reacted and closed firm, 1s1h up at 37ss. Receipts were smaller at ilS cars.
 Provisions were irregular and somewhat in active Early the market was strong in the face of a weak hog market and the declines in grains. Offerings were fairly liberal. but when the pit began to weaken packers jumpe into the support and took everything in sigh. Shorts covered. cash meats had good trade and prices rallied well. July pork closed at 5m71s up at SI7.l2i"mi7 IS: July lard 2l2 a5c higher at slo. Iz'ta 20 and July ribs
 Thi leading futures ranged as follows