The Montgomery advertiser., 1902-04-12
COTTON TIES At Less Than Manufac- turers Prices. C. E. CAVERLY,
 Atlanta, Ga.
Chicago Grain and Provisions

CHICAGO, April ll.-Confticting fnterpre- tations put the Government crop report Of the condition of Winter wheat on April |. set grain spectators to guessing today and resulted in active and ir cgular markets. In the end the bulls easily prevailed and aided by rapidly developing bullish situa- tion for corn in the Southwest everything ruled firm. May wheat closed &d5sc up, May corn is6ssc higher and May oats unchanged. Pro visions closed a shade to Sc higher.
 Prices in wheat had a good upturn early as a result of the crop report and strong cables. the latter probably refecting the foreign in-
 ears m ine rspr, IssteraaV but ths curb action had prepared them for an early bulge. May started % to ssc higher at 72ss to 72t, but as.is customary on report days the crowd sold and May dipped to 7lss. Spec uiation was rife as to just what way to take eondtdn on sS1r at 7s7 ss eompsred te @ ysar ago the lowest reported with three. excep- lions in ls years The @ best est yield a suggested by did not revise its figures on the acreage from the provisional estimate in December of a. poo. 900 acres The department however. promised to revise the acreage May and with the knowledge that Kansas has plowed up oso 900 acres and the grosabiiityy s,s of at homa traders figured that probably the acre. age harvested this year would exceed by only a small margin that of a year ago If the acreage is brought down to last years level the yield suggested by the report would be aently @ tbe interpretation put on the report by the country. After the early selling by the trade. who followed the custom of twenty
  real bull market started. The outside markets had held to the bulish opinion. cash wheat had worked into a better position and the crowd that was carried short early hurried to cover. Duluth reported a good demand for both Duluth and Manitoba wheat for export with 25 loads sold: the seaboard took loads and Chicago worked l3 loads.
 Corn developed independent strength and helped the upturn. The professionals had to- rome into the bull line and the result was .spurt of May up to 73. This figure netted good profits to the bulls who have consistently hofn fnQe IOvy Mav rOuScupntlX there free liquidation late that took off some of the gain. Receipts continued very small and made one of the factors in the ad- vance. There was greater interest in the mar ket than for some time past At the close Local receipts were I2 cars. none of contract grade: Minneapolis and Duluth reported iS5 cars. a total for the three points of ls7 Primary receipts were as6. 900 bushels against 3i5.ooo bushels last year. Seaboard clear ances in wheat and flour were light and eaualled | 2e. .ooo bushels. Argentine shipments were l,o76.ooo bushels. compared 10 l,344.- poo year ago.
 the same character that in wheat Prices were higher on cables and the wheat strength, but there was an easing off as wheat reacted About the time wheat began to ad- vance eneigetically, however, corn developed lot of builish news of its own; St: Louis strong. The latter point was predicting big bull movement on the cash situation. Stocks everywhere seem to be rapidly vanishing. In the West they almost nil and receipts do not supply the demand. There was a good cash demand today. the outside set to buying and at no time were offerings liberal. The large interests that were in the market recent , ly began buying September freely. shorts cov- cred and prices turned up again to the sos. May jumped from low mark at 5S% and touched 60. Late profit taking eased the market and May closed firm. isfk higher at 5esk. Receipts only 4S
 Oats differed from the other pits and were sort of prize puzzle to traders. May was offered in liberal quantities which lent an air Of mystery to the trading. Some spectators thought the big holder selling out; others said il was merely ''taiIers" On the lower prices receiving and commission houses bought fin and the market assumed a better tone than for time. The strength in and wheat aided. There was excellent buying in September. which sent prices up well. There a little reaction before the close and May, after having advanced from Al + to 42h, closed unchanged and steady at 4 4s. Receipts were 78 cars.
 Provisions were strong all day until just before the close. when profit-takng took on some of the gain. Grain strength. the highest prices of the year for hogs and commission house buying for the outside account were the factors in the early upturn. Scalpers sold: shorts covered. The pit not particularly active. but showed fair amount of energy. May pork closed Sc higher at SIG. 65: May lard a shade higher at Ss. 67ls. and May ribs a shade up at SS o21..
 The leading futurax ranRad foliowst