The Montgomery advertiser., 1902-09-09
Chicago Grain and Provisions.

' CHICAGO, Sept. S.-Several bearish factors combined today to press prices lower with the result that the near futures declined to Some extent Spectators in general. however, were inclined to the belief that the far deliveries in those months the bulls had little the bet ter of the argument. September wheat closed a shade lower. December wheat &c down. higher, December oats k9Ec lower and Sep tember oats h higher. January provisions
 Weather was the principal factor in regulat- ing wheat. Washington sent out the prediction that tomorrow morning would see frosts moments. Traders then became convinced that the weather map showing faifiy warm and dry weather was just what was wanted to start the heavy Spring wheat movement and bc- gan selling September Gables were weak, shipments were heavy-especialIy from Russia
 d prcsS sTmped s, off a1. a4dS & sss prf
 iuctuated idly at low level for some time. On the decline an excellent export business de- and Duluth shipped 20 loads direct This to- gether with the fact that regardless Of heavy movement expected receipts Northwest were ing was still poor. started a reaction: Sep tember started k lower to Nc up at 7iHQ7lM nd t baGs of sG zoS M ss ,e & RneSS and to 67% Tn the late rally that followed D"- cember received more sGpport than September tember closed weak 1ac down at Ilh. Re ceipts 2S6 cars. one contract grade; Minne- apoiis and Duluth rep1pted 6il cars t9sat 'si year Primary receipts were ,279. 900 bushels against .962, 900 a year ago. Seaboard clear ances equailed 429. 900 bushels: Worlds ship rnents were Il276,o bushels. against 7.-- 47S 900 last year. Breadstuffs on passage In creased 3. .3o4 900 bushels. The visible supply increased 455 900.
 The corn belt had warm weather yesterday. This especially significant to the bears who at once sold stuff freely and prices de- clined. September developed a nervous weak ness and sold off 2h at one time. Regardless of the fact however, that ten days more will put the crop generally in safe position. the bulls saw in the lower prices and free offer ings simply an opportunity for additional prof it's. While September ruled weak. the other months. especially December, received excel lent support. Trade after the opening was not prices was quickly taken The bears argued weak cables increased receipts and good weather conditions. Against these factors were arrayed cash corn at 2Oc premium over December. stocks lowest on record. a coun- try side swept almost clean of merchantable corn, a late harvest and hogs selling at prices rather than sell 1t. September started %G iH down at 57a. to 57N. dipped to 56 and closed weak, lHc off at 57h: December sold at 42, but rallied to a firm close. hqAc up at 429s. Receipts. I25 cars, l9 contract.
 Oats ere sold freely at the opening in sym pathy with other grains. Receipts were liberal cars-as to induce caution in selling after other grains steadied. Trade In general was untn- terestng December sold at 3oh and closed H@ss down at .soz@3o7: September opened 33H. but closed steady. h up at 34
 Provisions were dull and tame. Prices ruled % tuations. ' Lower prices for hogs and the break on grains caused early selling. which was offset at once by a fair support. The close how ever; was weak. January pork 7A of off at at January ribs 2lsc lower at S7.97h.
 The leading futures ranged O. follows;