The Montgomery advertiser., 1902-05-24
Ch,caeo Grain and Provisions

CHICAGO. May B. -rearish argument on and corn today and brought about rather lib- eral liquidation. Corn was held hrm by bull
 ish manipulation most of the day. but sue
 wheat was ss@%c lower July corn haHc down and July oats a shade lower. Provisions closed 5d7hGt t71sc depressed
 It was dull dsy in wheat until shortly be-
 fore the close. Early in the day there was
 some small strength on better cables. confirma- :
 tion of good export business yesterday and
 light receipts Price changes however were very small most of the morning. July opened shade higher to unchanged at I4a7%h@I4e and sold up to 74h. After this slight advance
 the market hung dull and istless. There were
 numerous bearish incentives, but the bears
 Argentine shipments were liberal increased
 The crop prospects were exceptionally good
 warm weather prevailing in most of the Win
 ter States with copious rains along the Ohio
 Valley and clearing weather Northwest. Kan
 gas City was weak In the last hour of husi-
 ness the bears took advantage Of the apparent
 lack of energy in the wheat market and put
 on pressure. Liquidation brought out some
 stop loss orders. there was no export sup
 July Saac down at 7sAa7s%. Local receipts
 were 3 cars, one of contract grade; Mnne-
 apols and Duluth reported Io3 cars. making
 last week and 23o a year ago. Primary re-
 ceipts were Ise, GOO bushels compared to 35S.-
 oDs aesr ssaaes ooo
 shipments were i,Io4. 900 bushels. against
 624 GOO bushels last week
 Corn ruled the strongest of the pits until
 wheat broke As has been the case recently.
 the small receipts were bullish in their ef- feet. Country offerings also were small and cash business was good The trade early was active and there was fair buying at the ad- vance. But crop prospects were too good to give the market any decided bullish snap. There had been much talk of bullish manpula- ton and many spectators were relying on a squeeze to start good business. Interest in the market was very small, although the Southwest sent in some bulish reports on the cash situation. Wheat had a weaken ng effect as the market grew dull After several hours of dullness, following the early activity. li- July sold as high as 62A. but closed weak. | lsdi.c depressed at 6l%; receipts were only v cars.
 The oats pit was the center of more inter | est than for several days past, The general | tone most of the day was strong. but trade worked against the early advances and the l close showed net loss. Indications today | were that shorts in May options will be | squeezed by the big bull holder May was | pushed up to 44c for time. although it l closed at 43l4c. Packers were on the buyns | side. The demand was fair and offerings were 1 light until just before the close when they | became more liberal July sold at 37ss and closed steady, shade lower at S7h4STA | Receipts were 6I cars.
 | Provisions had too narrow market to allow l of general liquidation that was forced by longs | unloading. The result was decided slun1r | after very firm start. Hogs were steady l and there was some small early support. Wher ' the packers, however, had pushed the pricc 1 up little stun was thrown overheard ] lower at si76I o2ii July lard 5d7Isc dowr
 at Slo.I2is and July ribs 597lsc lower d | So. .5Tls.
 l Ths leading futures ranged as follows