The Montgomery advertiser., 1902-05-22
New Orleans Cotton Futures.
Chicago Grain and Provisions
NEW ORLEANS, May 2l.-Cotton futu

CHICAGO. May 2l.-Activity in grains was short lived again: today. Traders generally were waiting for signs Of something new too' oo' tor. July wheat closed 1zDssc lower. July corn is94c up and July oats h@%c higher. Fr9, e,, visions closed 2ia@ oc lower. Wheat was dull save in spots Early there was show or good strength the corn bulge and on re- ports of good export demand and purcnases fe ,s foreign account. The local crowd, started to bull the market and succeeded for time. When the movement had carried prices along fairly we'll for time, corn sasged and the wheat market turned very dull. Liquidation then set in and inasmuch as the shorts hao stuff from that quarter when selling began prices had a pretty bad tumble. Moreover' the expected export demand did not materiai n "a. {. selling side The weather was clearing north west and rains fell in the Ohio Valley. where constart talk of late seeding northwest, ad. vices from Minneapolis stated that the general spring acreage would be about agn as iarse to He lower at 74ss to 74ia94sc. advanced to IS1s @Mc, and siumped to a weak close. hQ&c depressed zAAe Lossl resspss ~ere ana the three points of Io5 cars, against i4e ees,s fsss wess sers sns aao 600 Sushe with 44o 900 bushels last year seaboard clear, ano ances in wheat and flour equaled 344ooo bushels Corn had very good early support but could not hold the advances that were made during the first hour of trade. As on yesterday the principal bull factor was the very small run of cars here. only 80. Com mission houses bought liberally for time and the leading bull sold freely without depress- ing the market. Bulls were claiming very small acceptances but in this connection it was reported that the bids to holders had been reduced and that farmers and receivers would not sell at the figure offered This It is said. accounted for the reduced offerings. After July had sold up from SIS to 62a+c, the de- mand fell off, Selling ensued on the advance The crowd of shorts who had covered early took advantage of the lapse into dullness and sold short again. Prices dipped and most of the days gains were lost. July closed only firm, Kakc up at 62b4hc. traders in the oats pit were guessing today as to what deal is on in their favorite grain. Early in the day the same sort of buying that starte prices upwards yesterday set in again There was little pressure Co sell. especially when wheat and corn were strong. Prices advanced well for a time, but were affected by the re- action in other grains. The close was barely steady in most options, with July showing the best advance vase higher, at t.37sUAc. Re- ce,pts were 34 cars. Prov sicns were stow and showed declines in everything on the l'st. Hogs were lower and started an easier mar ket Some support was met that stayed the Secine for time but on tho grain weakness. the close was dep-essed. July pork closed tnc down at l7. o7isc: July lard, 2i2c down at SIo IS: and July rihs, 5G71ac lower at so s7EGa SO Estimated receipts for tomor- row; Wheat IS cars; corn. 4o cars; oats 20 cars: hogs, 30. GOO head.
 Tn leading futures ranged as follows