The Montgomery advertiser., 1902-01-04
Chicago Grain and Provisions.

CHICAGO, Jan. 3.-A nervous, active wheat market, based on the conflicting influences of weak cable to stand bullsh dbmestcs news had only a small influence on other pits today and though May wheat closed kllh down. May corn at tbe close Au% higher and May oats Is advanced. Provisions closed | shade to Sc lower
 by lower Liverpool cables. Gossip had it, however. that the cables had been influenced over night by the local bull clique, the lead CTS of which were credited with hating sent selling orders to the other side with view to depressing the market here in order to buy | in for campaign at low prices Many trad CTS sold early on the bearish foreign news but as oon as the story got out and leaing bulls began to buy in heavily the early short sellers repeated their rashness and bought back their own stuff at loss On top of this factor came the news that the Southwest had little wheat. Shipments of the cash ticle were reported to New York and the South west at better prices than May was com its bullsh effects, for the Winter belt reported bare Of any snow protection. Receipts down at s2ssaa2ss, jumped quickly to 53'4Gr S39s. The volume of business for the day wa not large, but considerable selling press to realize turned the tables on the bulls and May reacted. closing only easy MmL lower at 52RGS2ss Local receipts only 35 ears none of contract grade Minneapolis and Du luth reported 32O cars. making total for the three months of 35S cars, against SIS last weTS weT ana oo aF bushels s Pmny gee&P H,h SIP 900 bushels last year Seaboard clear ances in wheat and flour equaled 337, 900
 
 were l52 GOO bushels as against no shipments last week.
 Corn was influenced early by wheat. but later in the session turned individually strong and even lent strength to wheat Cables were lower and led to easy opening, but ma ked improvement in the cash demend from the East resulted in advanced prices. leading house reported 40 of No. yellow corn shipped to New York points. This set bulls to buying and shorts to covering. Al first offerings were small. but the price struck 67Is for May. selling became more popular and more corn came into the pit Despite the late sag in wheat corn held rather firm and closed with d good show of strength, Aass up at 665s. Re ceipts were 292
 The corn advance and an improved cash de mand kept oats moderately active with gen orally better prices. The opening lower in sympathy with other grains. but fair outside and local professional demand spr.ng up shorts covered and the market took a fairly strong turn. May sold mp to 46is, but on the reaction in other pits fullc wed suit and closed only firm, isc higher, 46.. Re ceipts Were 93 cars.
 Hog products hardly held steady. The fca- ture the continued selling of long May lard by brokers Commission business was less active than expeCtci Prices were slightly better at the yarcs, which brought fairly steady opening Narrow nuctua tiuns Were the order of the day, though selling depressed prices slightly May pIk closed 2is down at SI7.27l,; May lard g. lpwu at S9 95 and May ribs a shade lower at 58 go.
 The leading futures ranged follows;