The Montgomery advertiser., 1902-01-10
Chicago Grain and Provisions.

CHICAGO. Jan. e.--After being rushed by bull movement to the high point of the year. ear: spirit out of the bulls in other pits. May wheat closed at a net loss of Ss@h. May corn fs@& off and May oats AaS lower Provi- sions closed unchanged to a shade lower.
 Numerous bulish conditions conspired with yesterdays curb strength to send wheat up by rapid jumps at the opening. Continued re- ports of the desperate condition of the Winter crops from lack of moisture had as much as up a lttie-nainly New Yorks curb strength--but this. with small receipts. augured well: . Professionals Pro at once, once set to a buying buying orders in the pit. May, which opened l4a14 higher at 84ssd545s. soon went to s4a. From this price there were numerous and the same character it had yesterday and be- came nervous and cratic The Government report which is expected late tomorrow after noon set traders guessing and when several large professionals began selling for profit and numerous commission houses followed several rallies. but the heaviness in corn and May wheat helped to depress prices. May for the day. s3Aas3X. Local receipts were and Duluth reported sol. making a total for and 339 year ago. Primary receipts were 6lo,o 900 bushels compared with 474,ooo wheat and flour eaualled only lo3, 900 bushels.
 Corn was active on declining market; At the opening there was a show of strength on
  over the pit that prevented any decided ad- vance. Reports from the West stated that the continued mild weather brought falling off of the demand because of lighter feeding. Re- ceipts here are expected to increase as re- suit of this economy. Cables were down a trifie. May opened slightly up and sold to 67Am67% Commission house selling on the wheat break brought professionals to the same attitude on the situation and May slid down to weak close. ss@% off at it's low price for the day, 66&@66h. Receipts were I59 cars
 Bullish activity in July options gave the oats pit material strength for some time after the opening For the first hour the trade here was the biggest thing on the floor. It a tremendous bull market while the buying last ed. This action in July has lasted three days and little attention is paid to news one way or the other. May was relatively weak The cash situation was strong and country offer ings light When wheat broke. bears thought it good point to go short of July and bulls glad to have them take that view of the game. for the market is now thought to be heavily oversold. The prevailing opinion is that this pit will see sensational features within the next few weeks. On the short sell ing July. which opened well up and sold to 42%. lc over yesterdays close, sank back and closed ls up at 4l%@4l%. May opened higher, sold up to 47%, but declined with other grains to an easy close, A9% down at 469s. Re- ceipts were l l9 cars.
 Provisions were quiet; the hog market was strong at the yards and with the early grains strength and some country buying of pork brought higher opening. Packers sold later and on the grain break prices eased to a steady close May closed unchanged at SI7.27; May lard shade lower at S9. 92 and May ribs a shade lower at SS.77
 The leading futures ranged as follows: