The Montgomery advertiser., 1902-03-21
Chicago Grain and Provisions.

CHICAGO. March 2o.-Grain markets fol- lowed nervous and cratic course today. of anything but weather reports and these be- Ing abundantiy bearish prices slid downward until wheat seemed to have arrived At an ex- port basis. Large sales on the decline revived the dormant bull sentiment and helped other pits sympathetically. At the close May wheat May M oass s.'1 % . iower Proyisions % closed 50 oc higher There was . general iandsiiae 1 in was weaker on the warmer weather and Southwest selling, and oats felt panicky for
 Wheat opened easy cables and the warm CT weather. but was met with fair support for a time. fair number of buying orders were executed. but soon came the slump In the Southwest Kansas City and St. Louis were earnestly besrish and prices in those markets Louis was 2.s under yesterdays May closing price. The local crowd here who had been taking in some stun turned about to sell Longs HQuidated. stop loss orders we're met. causing still. further wea xness and before May had stopped on It's downward course al. bull news; Liverpool continued steady at small decline: seaboard clearances were large and receipts were small ststisticisns report. was a better continental demand reported early and milers were reported large buyers of May. seemed all powerful: May. which opened lsa ..c lower at 74 to 13&. sold off to 7st Then m. si a the Ssssk late in the shape Of reports that wheat was on an export basis. New York reported 50 loads worked the same number. The earlier bull ish factors then became apparent to the ts.der and May wheat shot 1p to steady ceipts were 27 cars none of contract grade; Minneapolis and Duluth received 33s cars ST %eeN sss snS for s sso fs%a were s37. 900 bushels compared to 637 900 %Sss .na s o"s .au..a
 Corn, like wheat. had hrr, support the first hour. then sharp break; The market in the Southwest. St. Louis was selling here There was a large trade. much of which was iiquidation The sentiment generally era ,saisi seemed which is expected to hasten pasturing and an increased interior movement: Cables were break turnbled prices downward. Stop loss orders brought further declines as did news that conditions a @ seedqs Ths, sair cash business and some stuff was worked here for export, The recovery: however; was not down to 6oN66o%. closed easy. t down at eoAGsl. Receipts were still very light at
 Speculation in May oats was extremely neri'- ous. At time they were hammered az gressively and prices were tk down. At this the market was comparatively strong and there was nothing for sale The weakness In corn and wheat affected the market accordingly and eovery Added to these factors. however. was the important runor than the leading bull in May had unloaded his holdings. Traders did not know which way to act. July and Sep tember options suffered with other grains. but closed fairly well. May, which opened unchanged to E down at 43es@43isc, dropped to 42is. reacted and closed easy. 'tc lower at 43K. Receipts were 70 cars.
 In spite of large run of hogs al the yards. a lower hog market and the depression in sTains. provisions held up strongly Packers and commission houses were buying all pro ducts. Ribs were particularly a purchase and the strength in that product helped pork aRd lard. At no time did any of the list show tendency to decline. May pork closed loc higher at SlS.52l4; May lard Sc up at S9. AS and May ribs Sc higher at S9. 50.
 The leading futursA ranged as fotlowsi