The Montgomery advertiser., 1902-05-29
ch:caeo Grain and Provisioas

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 CHICAGO. May 28.--Bears had their fuep at the grain markets today General cssdi- lions we're moderately Nbeai tsh. but: sS on yes tcrday. it was the activltys in -the com p.; and turned the tables and the grain was forced to a weakness greater than Aesterdsy ] was strong. Tho whole situation hinged on liberal acceptances of Chicago bids by coun- try holders of corn. These were so much greater than had been anticipated that prices broke badly in tho corn pit and other g,slns iAnI9s lower, July corn ,Mlss down ami July oats E lower. Provisions closed un- changed to a shade lower. ... Weakness ruled in corn from the opening. The sharp advance here yesterday influenced cash houses to advance their bids m !hc coun- try and the farmers jumped at the higher .prtne eagerly. Before noon advces indicated 900 900 bushels sold to Chicago. Tn the pit thA cash houses that bought this stun at cnce sold against 1t and forced prices down below the low price before yesterdays bulge Other advices were bearish and were influences in the depression. Cables were unresponsive, crop re- cd in the corn belt. Early in the session the big bull house unoaded with some profits As prices plunged downward there was some fair cash business. but 1t did not serVe' to steady the market much.
 Wheat weakness. which started on the corn reaction. with an additional bearish incentive Tho weakness showed no signs Of aoatemeni and July which yesterday was woTth o4I. and which opened today at GA to 63S. closed weak 1tGI Ssc lower at 62hG63. Eecelpts were small at i05 cars, but because of the free acceptances the movement is expectei to
 Wheat showed some early weakness on the foreign weakness which twas based on the r. vorable Government weather report. VI IT ne Southwest was bearish crop prospects and sold freely. There were very few short accounts open and consequently as prices declined there was ljtle to arrest the weakness. There was a heavy selling trade although few com mission houses bought. The weather was good
 yefywhere for crops The cod weather ssr sea,s snS although the cooiness was not help 10 foreign growth. yet it had done no damage As corn turned very weak, wheat was dc pressed still further and the weakness It de veloped seemed to be so thoroughly saddiee on the market that even late reports oi oo loads sold at the seaboard for export and foui loads worked here direct failed more than to steady the slump trihe over the bottom figures July opened A@$se up o.ad as ,sSt IT n Ia,c down at 72&d72H. Minneapolis and Duluth reported l3o cars, making total @ foi the three points of I46 cars. against Ioo ias' week and 2I5 year ago; Primary 1eo 1sseI,s nSs were 23Iooo bushels, compared with 36o OoS a year ago. Seaboard ciearances Tn wheat aho flour cqualed 3So. 900 bushels ,
 weakntrs of the other grains and exceptionauy good crop reports induced selling ana orousn' ,r, important. The May deal" which has been the bugaboo of this pit and which mas re strictcd trade in it for some time. will De out expect more interest in the pit; lraoers sen craliy concede that there will be considerable selling by snorts WltH tsaoS without delivesies. July closed iac down rather weak al 37lsas714. receipts were small e' psovisi"ns q, Were dull after showing fail strength early in the day The hog situat or was firm and early buying was fair. m, grain weakness however. caused ltquidat'or srd a loss of the, early gains. Packers dte not support the market late in the day Jul! ipork closed unchanged at $l1 oT. July lard shade lower at SlO IS@ lo'if19 anu 'u's nv unchanged at S9. 62l2.
 Tn, leading futures ranged as follows