The Montgomery advertiser., 1902-08-07
Chicago Grain and Provisions

CHICAGO, Aug 6.-Buls in the grain pits were greatly discouraged today over the glow ing reports from the harvest fields. Every where came in advices of crops the finest ever" Corn promised a bumper yield and with splendid weather for harvesting Spring wheat, prices slumped off. Som7 good export sales of wheat late in the day steadied wheat and shorts were afraid to sell more oats This helped late prices. At the close September wheat was a shade down. September corn lAc lower and September oats unchanged Pro- visions closed unchanged to i2Mc higher.
 Corn weakness developed early as a result of the great promise of the growing crops cables lower and heavy sales weer or dered from all sources. Little support arrived and the crowd held to bearsh sentiments on the exceptionally good weather. The Missouri crop report indicated on present appearances total yield of nearly 300, ,ooO, 900 bushels compared to only 64 GOO 900 last year That report was emphasized by news arriv- ing from private sources and caused extreme heaviness and quick slump September sold early at 56h a run of only 2l cars today hut fell lack on the heavy selins to SAX Covering brought the best support, although the report of only 50 tomorrow helped in late reaction. September did not regain all It's loss and closed weak, Ac down at 54A. Not of contract corn arrived today.
 Wheat had good support in spite of the great array of bearish influences. Cables were steady. compared to the weakness here yes terday and clearances and exports were fair. This influenced fair support by leading ele vator interests and brought steady close after several breaks. Fine weather was re- ported in tke Spring country and harvestine was on as far north as Middle Minnesota and Southern North Dakota. The report of the Missouri crop estimated a yield of 64. 900, 900 bushels as coIcpared to ; GOO. .ooo last year Receipts were still in excess of those of last year. but contract grading is still low. September opened Ad% to &ahc down at 69%@6s% sold at 6eh069h. dipped to 66h Q6S% and closed steady a shade down at 69. Receipts. 367 cars. seven contract; Min neapols and Duluth reported 82. total for tho three points of 440 cars, against 357 last week and 353 A year ago. Primary cepts were I.I74ooo bushels, against l,2o6.- 900 bushels year ago. Seaboard olearances eoualed 576. 900 bushels. The seaboarG ported sixteen loads taken for export. Duluth shipped 39 loads and this point took charters for 600 900 bushels.
 Oats ruled the strongest of the grains be- cause of an absence of any selling pressure. Re ceipts were not large-99 carg-and Septem- Der was in good demand from commission houses. Offerings light in spite of an easier cash situation on cheaper offerings east by Indiana and Oh,o The easy tone in the other markets held oats down to some extent, but the close steady and unchanged at 3lM@32 for September.
 Provisions supported well by packers and the market ruled firm. There was none of the recent outside liquidation and very light offerings caused advances Corn weakness caused something of a reaction. September pork closed l2ts up at SI6e2h: September lard unchanged at Slo 85 and September ribs 2lkc higher at $io5o.
 Tho leading futures ranged as follows;