The Montgomery advertiser., 1902-01-24
Chicago Grain and Provisions.

CHICAGO, Jan. 23.-A sharp bear attack situation a and siumps m ii, outside markets sent prices in all pits sliding down hill today. Corn broke 2c. wheat E, oats x and pork 4oc attendant upon heavy forced selling. thers were slight reactions. May corn registered net Provisions closed 2Ha22x lower. ''
 All speculative markets were weak. but the extreme weakness was in coarse grains, corn leading in the depression. At the opening this cereal seemed ripe for a break and break it did. The initial incentive was the extremely bearish talk about the bottom being out of was reported that Kansas City houses were making hedging sales on the Milwaukee curb. weakness showed itself by heavy Southwestern selling here. May started 1f@H down at 63% goSh: There was an almost entire absence ports mentioned corn and oats blockade of 1000 cars at Kansas City. St. Louis turned started in to pound out the holding on a prom inent long professional. May broke to 62%. a loss of Pc, but at such price covering was profitable. There were reports also of some corn being worked to Germany and the trad CTS. taking into consideration the small esti- half-hearted reaction. May sold back to 63A. but closed weak. l% lower at 62h Receipts 80 cars.
 Wheat was naturally weak on the corn de- pression but everything else was against the price. sentiment. news and general conditions. condition and favorable D weather Westher Traders @ were were inclined to break before they were too eager to accept the St Louis strength yesterday to poster up values. Cables were hgety and finally closed lower. Foreign receipts fore easted good crops in Russia and India Out side markets were lower at the start and May corn broke May follored after and sunk to 76%. Reports of good export demand with shipments Varying from 5 to 50 loads. helped prices late A slight reaction sent May to 79%c. but the close was weak. MG%c down at 79bd7eA. Local receipts were IS cars none of contract grade; Minneapolis and Duluth reprted 325 cars. making a total for the three points of $40 cars. against 4si last week and 25o year ago. Primary receipts were 4l4,o0o bushels compared to 38o, GOO bushels last year. Seaboard clearances in wheat and flour equalled 369, 900 bushels. The seaboard reported 23 cars taken for ex- port
 In the oats pit the sentiment seemed to be not to get caught holding high priced oats, regardless of what dominating professionals might do. In line with the stampede in corn. there was general selling of May oats and a strong attempt was made to raid one holder who is long much that he Is supposed to control the market. No oats came from this quarter, however. The break was bad, not withstanding May selling of ISs to AZ. Some support developed at the low figure and May sold up again to 45%. The close weak. lc down at 45A. Receipts were lo9 cars.
 The early feeling in provisions was strong, following the influence of good hog market, On the grain weakness heavy liquidations of long stuff developed and prices eased The early business was considerable, but late trade turned dull and heavy. May pork sold be- tween SI6. IS and Sl6.6o and closed 2o@22h down at Sl6.35; May lard closed 71ac lower at S9. 4211, and May ribs 2hc down at S6. 50.
 he leading futures ranged as follows: