The Montgomery advertiser., 1902-07-23
Chicago Grain and Provisions

CHICAGO, July 22.-There was marked va
ket today and the highly manipulated condl-
tion Of September wheat thai influenced sharp
in all ss IN the face Of Ssar
load of lofty prices for the packing interests
unloaded today with such vim that pork broke
that a leading packer was under September
wheat pushed that cereal up sharply: Sympa-
thy did the rest and July and nd, September wheat
Der corn i@ihc up. July oats So higher and
September oats ldihc higher. Provisions
Trade in provisions, although not heavy. was
almost panicky at times today. Hogs at the
stock yards have been marketed .i much more more
prices there slumped to figure 3oc under last
Fridays prices. Buyers were very bearish
pit was bearishly influenced The outsider who
took on good load during the recent bull
squirt has grown quite tired Of the burden
General liquidation. which set In TO some ex-
tent yesterday. was very marked today. There
was vigorous trading on the part Of the pro-
stuff, SO apparent was the decline Packers
seemed to have abandoned their pet market
until toward the close when little ,. stun
Si7ss plunged down 70 sl7.ss and closed
S' to Sv &c at dS sso Spsnsd
at $1,000 and then broke to SIC so. closing
very weak 2s%c z lower st 81 $40 s2H seBt ss
10 IS, sold at 5000 and closed weak, +2lEc
lower at Sio.25
wheat was very strongtin spite of percep-
tible early break. Influenced by good. weather,
heavy receipts and easy opening cables. I'M
mediatey upon the break demand sprang up
that frightened the shorts into covering as
speedily as possible. Rains were predicted in
the wheat belt few late showers were re-
to nat pTe.s ~ un Sd
decrease OF ,s2e 600 bushels in the world $
available supply and estimated for tomorrow
mand hung back, frightened by the prospects
of big crops. but the very low grading Of the
incentive. Poor grading reports came in from
Kansas City and st. Louis and those markets
bought fairly here. Trade was good and the
close was strong and near top prices. July
sold from 75h to q net gain Of NC at TIC.
September opened N4h@A lower at 7I% to
72E Local receipts were 43e cars, only nine
Of contract grade; Minneapolis and Duluth re-
ported 27A cars, making total for the three
points of 7i2 cars against the same number
last week and 764 year ago Primary re-
ceipts were bearishly heavy at .2os, 600 BUSH
els compared to $4,000 bushels last year.
SOY, OO0 bushels.
Corn started out weak and increased receipts
and a big increase in the contract stocks.
Good weather and a dull market also tended
toward lower prices but there was practically
up at times which, together with the wheat
strength put corn prices up. After receipts OF
se6ral hundred cars Of corn daily for fort
night the estimate Of only 90 cars for to-
morrow helped the bulls. There was stlll
marked nervousness over the possibilities of a
squeeze in the supposedly dead July deal"
Trade was generally quiet. July sold from
strong, w up, at CT. September sold from
6Oh to 6I% and closed strong, l6lh up at
6lH@6I% Receipts were 46o cars, 81 of
contract grade. Contract stocks increased
GOT 900 bushels.
Oats had an upturn largely in sympathy with
wheat and corn. July options were let alone
most of the day. although prices jumped from
81 to 81 and closed Sc. higher at &c. there
by indicating that tho deal in this option was
not quite dead. September started weak on
increased receipts and good weather. selling
as low as 33c. Shorts wanted the stun. how
eer, and bid the price to a strong close. a
I &C up at 34%. Receipts were "a cars. 40
OF contract grade.
The Leading futures ranged as follows: