The Montgomery advertiser., 1902-04-06
Chicago Grain and Provisions.

Chicago. April 5.-Speculation on the Board of Trade today was an indifferent affair and with the exception of a grad ual decline in corn, prices hung steady. May wheat closed a shade higher. May corn 5-Sd3-4 lower and May oats Is lower. Provisions closed unchanged to l-291O up. There was very little desire to do one thing or the other in wheat. Bear ish crowds seemed to be in the majority but the slight breaks experienced were met with fair rallies. At the outset ca- bleS were lower but the crowd was talk ing of the sale by an elevator of over and refusals of bids for 100000 bushels more. This business was said to have been done late yesterday and to have been the incentive for the heavy early buying in the previous session. On this factor May opened rather firm, unchang ed to 1-4 up at 70 IS to Il Is. The crowd felt very bearish and the Missouri State crop report indicating 54 per cent in- ton of 90 started lower prices. The crowd was inclined to doubt the cash sale story but though May prices sold off to 70 5-Sd3-4 d small denland occasioned up to 70 7-sd71. The crop report for Kan sas indicated F per cent increase in acre. age over last year of which IS per cent has been damaged and will be given over to other grains The remaining S2 per cent shows a condition of A. The busi- ness of the day was not large and the trading was spasmodic. The greater part of the time being dull Corn weakness exerted an influence at times. Local re- ceipts were thirty-three cars no contract grade: Minneapolis and Duluth received 219 cars. making a total for the three points of S2 cars against 61b cars. two days last week and 653 two days a year ago. Primary receipts were 3l0,OO0 bush els compared to S22 000 bushels last year. Seaboard clearances in wheat and four eoualed 1s9.oeo bushels Australian ship Slents for the week were 36O0Oo bushels compared to 592, 600 bushels last week.
 Corn was weak. Liquidation of May de iNerie, by commission houses and little support by ehe bull crowd depressed prices. Liverpool was weak and favor able crop conditions pressed on the mar ket. Country offerings continued small but cash business showed no improve ment On the decline pit traders took fair amounts presumably playing the market for bull turn. Trade was small and ranged rather narrow. May sold 59 Is to weak close, 5-s63-4 lower at 5S 3-SGl-2 Receipts were S7 cars
 Oats were dull. Following the weakness in corn the far options were easier but May had some little support and fiuctu- atcd only narrowly. The Missouri State report shows seeding condition, March -e. at 6e. as against D this time year ago. May closed Is lower at 42 5-s. Receipts, 64 cars.
 Provisions were dull much of the time, but had an up turn on the better hog sit uation. Pork led in speculation and was strong enough to give firm tone to all products. There was some fair early buy ing for bulls of th1 local crowd. but af- tc. this demand was filled trade hung fire. The outsiders seemed to be well loaded up with long property and waiting devel- opments Cash trade was featureless. May pork closed : l-2qlo up at l6.+7 1-2; May lard I-2 higher at 96o. and May ribs unchanged at SS7 l-3
 Estimated receipts for Monday; Wheat 20 cars: corn. D cars oats. 15 cars. Hogs g GOO head.