The Montgomery advertiser., 1902-06-20
Ch,cago Grain and provisions

CHICAGO. June ie.-Ccrn, aithoush fairly active for an ordinary day. dropped back into
 made a good running. For some reason not
 entirely clear France needs American wheat
 Chicago sold 1t direct to Paris and on tnis
 influence in connection with the wet weather
 damage talk July wheat made net gan ol
 Naic. July corn closed Ac down and July
 @x' I aosss se ssher
 ruled uniformly strong throughout the sss,
 sion. At the start Paris cables showed rapid
 while deferred futures showed lIac advance.
 There talk of some deal Cn in Paris put 1t must have been of great propoitioiIs Tor II
 influenced material upturn in iiour' We. and cold weather abroad talked of and some traders were of the opinion that the
 French stocks @ Of ooo wheat were aSSu' try. The weather here also had It's innu- ence. There was rain in many parts of the
 winter country r.S Kansas nch mhepe Sasts stre in the yield and ttat considerable 'an.iry of the harvest sun would not grade con tract because of the dampness This tax tax upturn and stop loss orders were met on the advance. July opened a shade to isMAc hign, then steadily mounted to 73hc. The advance checked the shipping demand to some extent, holders asking premiums, Par. ronor, Q, ,bat bat rains were expected in much of the wheat country Toward the close some wheat came out for profits and July .,,. dipped on on q, 1aMc Local receipts were 27 cars, two of contract grade: Minneapolis and Duluth reported 24I 274 cars. against i7s lest week and ,sS ss5 oa a year ago. Primary receipts were 3e4' 0oo bushels. compared to 4es 900 bushels last equaied 35a.ooo bushels. The seaboard re ported 22 loads taken for export. Chicago sold four loads direct to France After SC me h', fa fir early strength shown in the corn pit Dy reason of desire of a few belated shorts to cover this pit assumed something Of a som, sa there Ths we're eenf little eseted ssn Prices at such times fuctuated somewhat erratically As the day wore on, however, 1t became apparent that the bull leaders were letting the market take care of itself. Some fair offerings broke prices little ana m tne end the market was somewhat weaker ai was very steady. Naturally July was the more active option.
 September iuctuated only %sc. There was some selling by commission houses put Tn siso was 'n1Fs ss w July sold ee and es covered differences of %c several times ana were Is7 cars, IS of contract grade. Private elevators made 200. 900 bushels of contract a range of only Ac. Crop reports were any thing but encouraging receipts still showed poor showing of contract stuff and the cash changed at 3o and closed %dAc up at 3eis1 hc. There was almost no selling pressure; Receipts were l2 cars Provisions s showed M good strength anu attiNiNS' under the estimate and commanded higher prices The cash demand was good and al though packers were known to be manipulat- ing prices, it was said they bought most Of the stuff ordered because they had sold nper- ally of cash stuff. Stocks in Chicago at pres ent are estimated at 1000 tierces increases in lard and 1000. 900 pounds increase in Tbs. July pork sold at Si7.6o and closed ioc up a. Sio3 35 and July ribs. Sc higher at Slo 62h. Estimated receipts for tomorrow: Wheat, oo cars. Corn, 225; oats, i6o. Hogs 23'ooo head