The Montgomery advertiser. [volume] (Montgomery, Ala.) 1885-1982, 1902-05-15
Chicago Grain and Provisions

CHICAGO. May I4.-Grain trade today was
a dragging contest between the bears. backed
and the bulls in the corn pit who were max.
ing good purchases on the extremely small
local movement. In the end July wheat closed
| &c depressed. July corn &c higher and July
oats ild%c lower Provisions continued in
their upward journey and closed iod 2lsc ad-
vanced.
Yesterdays bulls at the opening Of the wheat
pit showed that thew had forgotten all about
yesterdays bulish Government report. The
Yesterday and above ali the weather was very
favorable. Rains fell copiously in Kansas and
Nebraska and the Spring country Northwest
indicating a Winter yield of 4Io. ooo. 900 bush
els-quite at variance with the Cove. nment es-
These sact1 started sna 'S Ss
pressed It early to 75ss@75%. Corn strength
ana reports OF good cash buying business
prices for time held firm near last nights
close Trade. however. was light. the outside
speculator was not in the market and there
was some fair selling by yesterdays buyers
Part of the reaction was due to short COW
ering. Gradually prices slipped back. The
September and December options were notice
spreads under July The close was weak
July &c lower at 7sha75%, Local RECEIPTS
apois and Duluth reported l24 cars making
a total for the three points OF t46. against
I4o cars last week and 90 year ago.
Primary receipts were 24e. 600 bushels, against
326. 900 last year. Seaboard ciearances in
wheat and -four equalled i66 600 bushels. The
seaboard reported o loads taken for export.
Corn was the leader Of the pit in the matter
of strength. Weather was favorable and there
were reports that the country would soon be-
gin making freer deliveries. Small receipts,
however. seemed to reject this report, for the
general run OF cars has gotten down to about
rs cars for this point. Receipts today were
only 81 cars and at once Influenced early buy
ing. Several of the leading houses began TAX
ing In offerings that were made out OF sym
pathy for the wheat weakness. but as soon
as the crowd saw the stun was going into
strong hands shorts covered and fair ac-
tivity resulted. Cash business was good, st.
Louis bought here and cables were firm. Corn
quickly developed independent strength and
July. which sold early. at s2&. jumped TO
gain and wheat weakness had depressing
effect. July closed Arm, &c up at 63A.
Oats were Influenced by selling by the lead
ing bull operator. Crop advices noted harvest
ing in North Carolina and ripening fields in
Texas but In general there was no change In
the situation. Liberal cash sales were made Tor
shipment and corn strength gave some AID
to an otherwise weak market Prices fiuctu-
ated very narrowly and July closed weak. =
GAc lower at 36bG37. Receipts were. small
at Sc cars.
The strength in provisions that of re-
newed buying and support by packers. started
by strong hog market at the yards. There
was still talk of decided upturn In lard
and a leading house bought heavily,so the
product. Offerings were rather free on the
advance but the market ruled strong tand
higher July pork closed 21ac up at Si7.65
| July lard DC higher at $40 421.d 10 As and
| July ribs Ioc advanced at 50 77h0s.So.
| Thu leading futures ranged as follows