The Montgomery advertiser., 1902-01-28
Liverpool Cotton Futures.
Chicago Grain and Provisions.

CHICAGO, Jan; 27.-All pits on the Board of Trade went wild today. A stampede in May prices downward in panicky fashion and within half an hour from the opening. May eorn @ iS Proyisions % were also ea sore hit. I Good support and heavy short covering brought back some confidence. however. and the close saw a wheat X and May corn <. Provisions closed l0@571sc lower.
 Action in oats developed suddenly and with such surprisingly disastrous slumps that traders were overwhelmed in the turmoil. The trouble was. all over an attempt by a bear eus a % m ike % ooo bushels of May oats Patten was not present early on the floor good opportunity for the attack May oats opened firm enough under the influence of the cSid : - weather and strength in other grains but but ed l4c higher to unchanged at 44La44c. Some began began the Onslaught. The taiiers began throw ing stun overheard in big Jumps. The early trade did not expect & heavy 9pefati9%ns % ana e. De- took courage and sold short Liquidation on an enormous scale followed and prices slipped the other pits dropped the work in hand and hurried into oats. Change went mad with e1- if shsrs hss seen saes thing May struck bottom at 3eH. Then Patten came into the pit. told the crowd the selling was not May quickly jumped back to 43k and the turmoil was practically over within an hour from the opening. There was still tense feel ing present. however, and prices wavered all during the session in a panicky fashion. The sISss 1sm was S.csC. very weak. S@aM lower at 42"
 Wheat started out firmly in. spite of lower cables and bearish statistics. The cold weather unchanged to Y higher at 7sH@7sH. This strength was only short-lived, for when oats had and se
 ing at v. Frightened holders and weak spec nlators with small margins had been forced to helped matters materially and with the ch"ck- ing of the coarse grain collapse May wheat cos. Nay sold at TS comparatively firm at TIA. < lower than Saturday. Local receipts were 23 cais: two PSrss PSinss of ass S csrs asanst s ast wee. ssS Sushes. @ fs' compared @ with 74 'o6o bushels year ago Breadstufs on passage increased !, 66,- Go 0usns asrs ooo ShBss ssns 7 p!S pSS'S %ss inersased s oo ooo bushsls ssssosrs bushels. The seaboard reported 30 loads taken for export
 The early strength in corn attendant upon the cold weather and early wheat frmness was soon lost in the downward turn in oats. Some of the loss, however, was recovered, though not enough to give traders such hope for future prices. The sentiment was bearish and support seemed. wanting even on the up
  but 1t was the oats break that did the trick May, which opened a shade to A@as higher at 6i1a96I%. even sold up to 62h, but then came the drop-a very hard one-to 6oA. Traders began talking 50 cents corn and there was imminent danger of the slump growing worse, Shorts. however, wanted profits and they covered hurriediy. Wheat was going up again and May responded to the influence by touching 6I. After the first hour it was g waverng market, most of the time under 6I and the close was weak. Sc lower at 6o%0 GOA Receipts weer only 80 cars.
 0tnNn slump. The hog market. was fairly steady to start with. but later in the day prices were somewhat easier at the yards. This added to the terrible fear of the result of the coarse grain break started holders of provisions, es- pecially pork, to selling. May pork at one time was 67isc under Saturdays closing price. Packers took advantage of prices to buy some. but the effect on pork prices was not very strengthening: Lard and ribs rallied toward the close and were only trihe weak. May pork opened 22h to 71ac lower at sle. I59 30, sold down to 70 and closed very weak. 57z down at s s. 80. May lard closed IoQI 2lac down at se: 3714ae.4o and May ribs IL Sc lower at SS. 40.