The Montgomery advertiser., 1902-02-27
Chicago Grain and Provisions.

CHICAGO. Feb 26.-widey varying opinions
as to crop conditions and rapid changes 10
sentiment influenced nervousy the active gram am
markets today, Early in the session all pits
weak and eventually became oversoio
Later recurrent damage reports hrmed the
May corn up and May oats N@Ic higher.
Provisions closed a depressing day loQ3oc
lower.
Several bearish factors were at work. such as
unresponsive. though slightly higher cables;
buyers to selling side. Several prominent
bears sold short and were Joined by many Of
the longs LIQUIDATION wa: rather general
what lower few crop damage reports came
in, but in spite OF them. a great deal OF wheat
had taken more stun on the break yesterday
than had been supposed did not help prices:
the tn IN hs
Indiana. Oklahoma and Nebraska and the out
frightened shorts, who covered eagerly as
the Western reports came In more frequently.
There was decidedly more snap TO TRADE tns nan
sition Of the coarse grains helped wheat May
opened Hak to xG11c down at 7ea75k and
to IGN and the close was firm. y higher at
76lka7eA An early error In posting North.
.ss se 100
showed 2 good increase after the early lower
offerings Of wheat were not increasing. Local
receipts were 80 cars. two Of contract grade;
MINNEAPOLIS and Duluth reported $50 cars srs
ago ago Primary receipts were $4,000 bushels
board cIearances in wheat and -four equaied
276 900 bushels. The seaboard reported 80
cars taken for export.
day and was somewhat more active, though
it sold lower early and turned strong late the
fuenced a Arm opening, May u higher to I'M
changed at 6o%96o. The bear crowds, how
ever. hammered this pit and under the in
fuence OF the wheat break corn eased to 59ts.
The pit was oversold to some extent and when
a prominent professional bull started In to
their sentiments and bought freely and covered
short accounts. The actual situation OF the
eSanr.s ar The maer weather has eurtailed
feeding, but Notwithstanding this. commission
houses generally have advised watching the
offerings is expected for some time. One
of the principal bull factors was the total
Ssss. 600 only
same day last week. May fought hard against
the early depression and when the tide turned
up at 6oNc. Receipts were iI3 cars.
Oats opened strong and higher on lack
OF offerings There was little May wanted ana ,ha
market advanced to supply the light de
mand. Then business turned dull until prom
bulled the market. There was a very uncer
tain feeling in oats and the crowd was play
ing a watching game. The cash demand was
somewhat better, though the sudden upturn
in futures restricted sales. Corn weakness
early eased May momentarily after the high
er opening, but the later strength In that pit
higher at 43%143h. Receipts were 90 ours.
Provisions were weak and much lower
throughout the session. The opening was
lower a lower hog market at the yards
and shortly after the start bard raid was
made on pork. Lard and ribs declined In sym
buying done by the packers, but not
enough to cause good recovery. The late
grain strength helped a little. but later COM
mission house selling in the products caused
further decline. May pork sold as low as
SI5l Is and closed 35c depressed at SIS IN:
May lard closed $50 TIC down at 50. 20 and
May ribs l0c lower at So 40.
The leading futures ranged as follows: