The Montgomery advertiser., 1902-06-22
cb,c.s so Grain and Provisions

Chicago June 21.-Weather map argu- ment was the pivot on which grain spec uIation swung today. But 1t was fair weather and promise of more of it rather than the soaking rains that influenced wheat most of the week. In consequence; wheat slipped down. Corn and oats had good arguments of their own to sustaiu prices; therefore, when July wheat closed 5-S@3-4 lower, July corn gained 3-S and July oats stood l-4c higher; pro visions gained much attention because of their strength and closed With net gains of 3 1-2 to 1-2c. Clearing weather and lower Liverpool cables brought a sharp decline in wheat at the openlng. Paris was little higher and there seem- ed to be some confliction of opinions as to the real conditions and tendencies in that market. England was having falr weather American fields were given a respite from rains and the promise was for clear weather. on thls news, SulS opened ragged 3-4 to 1 Is down at iS 1-2 to 73 IS and after some small rallies dipped to 73. Traders who had been con sistently bullish for week turned sell and many stop loss orders were executed for bulls who came into the market as buyers only yesterday. September was subjected to some sharp selling, but De- cember was supported httie very good seaboard clearances helped tnEsrTaity late but the close was weak. July, on inc rally. sold to 73 5-SG7S S-i, but closed 5-Sm3-4 down to 7S 1-2q13 5-S. Local re- rNintS were "A CATS. lOut pl NOhbA hN e,ade. Minneapolis and Duluth reported 974 cars mGking a total for the three poiuts of 29S cars against 23S last week and 3SS a year ago. Primary receipts were 4S2o0 bushels. against 44s,O" h. lass 5 year. Seaboard cleararces Tn wheat ana -four cauaIed 647, 900 bushels.
 The seaboard reported five loads taken for export. Locally. 100000 bushels were worked Corn ended it's week ea xoitn WorR ,1nt rh of the first of the week to1ays 8 quiet seemed abnormal. The tone, however, made up somewhat for the narroWness of trade. Tn spite of the oearish weath- CT conditions and the wheat slump, corn held firmly. There was considerable selling at times in July. but everything was well taken. Deferred options were also in good demand. and were taken whenever offered. Gossip on the floor was to the effect thdt farmers were greatly tempted to run their corn through hogs because of the temptinglv high prices of provisions rather than to STD in the stuff July still seems congested, This oDtinn today sold between 66 and 65 l-2 and closed 3-S up at 69 1-S. Re- ceipts have improved a little of late, but contract Is very small Today re Ceipts were 23S cais, oe w:'cn only 1i
 Oats ruled pretty steady. Thee were early dips on the wheat break and the better weather. but the hrlSEheSs or cash demand and the jirmnesS Of corn in fuenced a change of sentiment and a slight advance. Profit taking during the week induced to some extent ny improve ment in receipts. held prices noNn some some what Today thr crowd was bullish thoUsh ouief and July. which sold at 30 i-2 close firm 1-4c up at ~ l-S. Re- CeiDts were POO cars.
 Provisions. while only talrH sctlre. N,e attracted considerable attention from the fact that the ton prices of the year again ruled in the pit With the bullish tone of the corn, strong hog market and