The Montgomery advertiser. [volume] (Montgomery, Ala.) 1885-1982, 1902-08-15
Chicago Grain and Provisions

CHICAGO. Aug. I4-Raseed grain markets.
the result Of renewed manipulation. We're the
rule today. Traders thought that with the end
of the July deals and with excellent harvests
in sight, trade would get back on a natural
basis But the middle of August finds the
floor in a tumult again. One firm is supposed
to have all the No. 2 red wheat in sight and
consequently the wheat trade today err
ratio. Four big houses moving in the De-
cember corn and some Of the same people have
out long lines Of oats. me new harvests to
date have done nothing to relieve the danger
OF manipulation Adverse weather has worked
against the grading to such an extent that
contract stocks are low. All these conditions
bad turns at the markets today and the re-
suit wide and inconsistent fluctuations. At
the close crop figures had some weight with
spectators and September wheat closed Y
G&c lower. December * down. September corn
y lower and September oats %dhc up. Pro-
isions closed l2h higher to 20 lower.
Wheat opened weak because the bad weather
predicted yesterday for the Northwestern har-
vests did not materiaiize. Cables also were
Indifferent. though later they dipped. With
unbroken fair weather and the continued heavy
movement Of Winter wheat the bears could
see nothing but lower prices. This started a
heavy selling movement and in a short time
200. 900 bushels of September were
thrown out The crowd thought the leading
bull was receding from his position After
the preliminary breaks influential buying, EVIL
IDENTIFY for manipulators, started a good rally.
Contract stocks were small and grading was
poor. The big bull with nearly 1000, 600
bushels Of September was feared. Talk was
to the effect that an effort was to be made
to control the cash market Other traders
said this was only a scare and that this big
line was being reduced on the bulSes The over
sold crowd bought literally and sent prices
up sharply. September opened very irregular.
%dl1 to BGlc down at 6e&Q69b, sold up
to 7o%d7o&, sagged to 70 rallied again to
70& and closed weak. k9% down at 69k
December sold Between 671s and 66h was less
amenable to bull and closed down
at S6AaS6N. Receipts. 279 cars. 8 contract;
Minneapolis and Duluth reported SO. a total
for the ,nree points of 42e against 353 year
ago and 5tS two years ago. Primary re-
cepts 9i4,ooo bushels against o22 900
last year Seaboard clearances equaled 534,
900 bushels. Exporters held aloot from the
market, arguing that with December at 314c
premium over September purchasNs were IRA
tional.
Corn broke early with wheat and on good
crop reports. One statistical journal stated
that the total harvest in the principal grains
would total 100, ooo. 900 over July. Corn was
said to be In promising condition and as ca
bles were easy. prices sagged September
started % down at So. dipped to 5ih and
then rallied on fair covering and the wheat
reaction to 52as. Other options held some
what steady talk Of manipulation in De-
cember. Commission houses were on both sides
OF the market and fluctuations were irregular.
Receipts 65l cars. Reports were to the eff
feet that the country was almost bare of corn.
Late weakness in other pits started selling
again and September closed Nc down at ~.
Oats again showed better strength than
anything the floor. Heavy buying, suppos-
eddy for the old-time bulls. sent September
up lie early Liberal offerings worked
against the bullish influences OF good cash de
mand and poor grading. The late corn weak
also caused some selling Trade not
large. September sold from BON to 32h932A
and closed firm, k9% up at 3l% Receipts.
348 cars
Provisions irregular under the infiu
ence Of outside liquidation and weaker hog
market. Lard was offered most freely, but
was absorbed fairly we'll. Very good support
was under pork and ribs. September pork
closed Sc off at SIS 95: September lard zoe
down at SIo3 &c. and September ribs l2ikc up
at SO SPY
The leading futures ranged as folIows;