The Montgomery advertiser. [volume] (Montgomery, Ala.) 1885-1982, 1902-08-22
Chicago Grain and Provisions

CHICAGO. Aug. 2i.-Today was wild one
in grains. The return or manipulation when
began to make itself felt wGE . ago made rad
fered worst. September options gaining almost
Sc at one time. September options in every
nit felt the effect of scarcity II contract
grades Wheat got a whrl, shorts in oats
saw no hope OF contract stocks and the big
packers put their shoulders under provisions.
AS usual. the fortunate longs unloaded some
Of their holdings for profits and there We're
slight recessions from top prices late in the
strong September corn closed as higher;
september wheat sc up and september oats
IGlN higher. September provisions closed
There was an afterclap of the July corn deal
that startled the whole trade in corn at the
opening or late it had been a case of blind
lead the blind selling September corn in order
to get prices down 10 a level with the further
months Lower prices did come after the huge
receipts of last month and September tumbled
from over Coo to So fiat Then came the
story of poor receipts with but little grad
backwardness of the maturing crops. Yes
terday English markets began advancing. To-
day cables were very strong receipts were
only as cars and influential ouYlng started
wild opening Shorts wanted stun To cover
contracts with and wanted II badly. hut no
body could buy much The big bulls took
an good lines where they could and offered
almost nothing. Foreign houses did good
early buying and with slight hesitation after
bounds. 1t is generally conceded that Sep
temher corn is in very strong position, hut
is badly tied as Is tndl upton ON every
thirg Other months made good advances in
sympathy. but not eXctedly as september
which opened with a jump or SH Us up at
53I4Q54 and went TO syn, closing very strong
and congested AS up at 81. December sold
between AIN and 43.
Wheat started easy, but soon fol; the effects
Of the corn excitement. Gables were Indifferent
and fairer weather was reported in the North
west where il was most needed. In this pit
it was a story of effects of bad weather, di-
minishing stocks. lighter receipts and almost
no arrivals to make up the depletion Of con
tracts The big bull interests did compare
lively little Elevator and commission houses
began heavily and Of course shorts followed
September was the more active and influenced
advances In the other options. The cash de-
mand was good and export clearanCes were
heavy at 81 5000 bushels. a total in four days
Of 8 o55. 900 bushels. September started lsg4
to NAL down at 7o9sd7oss and declined tc
7ol. Then the corn strength was felt and
The price went 10 72. At one time this month
was As over December Late profit taking
brought dip bu september closed hrm, =
up 7II5%7Iks Receips. sos cars. con
tract; Minneapol and Duluth reported ga
a total for the three points of 500 against
42e last week and SAG year ago Primary
receipts were 4S9 900 bushels.
oats shared in the strength ana activity o.
the other grains September led In the adj
vance and gained ~ The sensatHnai upturT
| IN September corn stimulated the buhish feel
has been prevalent Tor several day'
ought the shorts 10 realization u
xht nosition They had in mind mainli
grade and poor socks and did mos