The Montgomery advertiser. [volume] (Montgomery, Ala.) 1885-1982, 1902-07-22
Ch,cag Grain and Provision,


gendered by fair weather and a better move
ment in grains. was in the ascendant today
on ~ the Board Of Trade For a short time July
shorts by touching new record at 81. In
the end. however, selling was free in every
thing and September wheat closed %6ikc low
down. July corn &c iower, July oats NC down
and September oats %@&c lower. Provisions
After almost constant rams. for such long
time that shorts were In despair, the fine
put the bears In hne feather both in the
Northwest where the Spring wheat harvest
S BEGAN today IND nnd IN the Southwest where
favorable. Wheat cables were. Indifferent to
the local dip here Saturday owing probably to
But this influence did not work against a
lower opening. The wheat crowd was bearish
on general principles; Immediately. however.
by marked decreases in the worlds shipments
Of last week and in the decreare of 2. SEQ ooO
were very liberal but contract stun remained
very light. Export business was almost moth
ing. bids being &G%c out of the way. and at
have contracts cancelled. When estimates for OF
tomorrow's receipts werc posted at AS cars
els, the early bearish sentiment was revived
and local selling at once depressed the mar
ket. Trade was fairly large. but was much
to 72aS, broke to 7lhG7I% and closed weak,
e. Sy sSd Ct IVY
tract grade. OF these 2os were new wheat.
Minneapolis and Duluth reported 2s '1 cars rs,
making a total for the three points of %9o
Sso woas Sar :n week Goo
els. against 7.7oi 600 last week and 1914
900 bushels last yesr. Primary receipts were
ZOO. 600 bushels. against ! 5l6 600 bushels
last year Seaboard clearances n wheat and
-four equaled $4,000.
Corn was dull and listless most Of the day.
buoyed up only momentarily by a little short
covering on the influence Of the temporary
wheat strength. Receipts were not large al
elevators turned out as cars. making a to-
tai Of contract stuff out amounting to $4,000
bushels. After the early rally supportw as
wanting, offerings were made freely by the
local crowd and little stun was wanted. There
was not much disposition to sell short, but the
grading and the large estimated receipts
brought weakness. September sold from sos
UP TO GIN. broke 70 eoh and closed weak,
but closed weak &c down at 65%.
Oats mere weakest of the grains. although
early in the session. A break to 62c early
In July gave rise to the rumor that the shorts
had settled in this option. But at once the
a sharp trade resulted for a short time. Re-
cetpts were still very small at 60 cars. 10 Of
Contract grade but today there 8 cars
Of new oats. Iowa sent reports that one-third
of the crop of that State had been damaged.
In he end the nne weather prevailed against
the bulls and all the prices weakened on liqui-
dation Selling. said 10 be for the interests
that CONTROL the short lines now out, helped
break prices September sold from 33M down
to 33h and closed weak. N@%c lower at 33k
@33%c July closed weak. " down at 90.
Provisions were heavy and for sale all
day in much larger quantities than the crowd
wanted at the asking prices. Hogs were
abundant and had to sell at discounts OF 10
q l5c. The selling mas 80 concerted that II
appeared to be for the purpose OF breaking
the market. September pork closed 37h lower
and September ribs INC lower at Sto,67h.
The leading futures ranged as follows: