The Montgomery advertiser., 1902-07-18
Ch.caso Grain and Provisions

CHICAGO. July i7.--corn held the center
 of the speculative stage through tooay ae ai.
 ngs and the July options onaon, maas very Were
 markabiy beaIish in the coarser gran, put
 support by the bull crowd that locked very
 bull interest had abandoned July gave the
 market good strength, Wheat and oats hao
 crop figures against them and made good aa- vances for this reason, aided to some extent by the corn improvement At the close July
 corn was sc lower. September corn Ac up,
 September wheat Ac hlsner sa ana sepssns9sr oc
 Trade in corn was all at sea at the opening of business because of the attitude of the
 Gates party Bids were made by the bulls
 openly at 67K and as a result the shorts pc
 gan to gossip oyer the possio of sne nd an
 other saueese was in store for them At once
 demand arose in both July and September
 and prices jumped accordingly July from an
 opening % to IM higher at 6s@67i1, scared to
 6o. About this time the crowd came to the
 conclusion that Gates was simply bidding
 quantity of expensive corn that he had been
 forced to take on deliveries. The demand
 fell off and forthwith the price of July fell
 than yesterday at 65h. Trade was not large
 probably 3o.ono bushels beng a conserva-
 July seemed on top at all times on the har l spots. but September was offered spar.ngiy
 because of firm cables Defpite the fact that the bull party in July had tremendous quantity of cash stun to get lid of, the stor2 goes that It's heavy short line in September
 Much of the demani in September today was attributed to covering by this crowd. Re ceipts in corn continued very heavy today, ios cars and 22ooo bushel1 were turned out by unlicensed elevators. making total of over 400 ono bushels of contract grade on nan today. September stood these offer ngs in the cash market well and opening bmh down tc MdAc up at 5e%G5eH. advanced strongly and closed very strong, iAc up at 6lk. IT tha.+ fanA of a gn0H of baarkSh news wheat ruled very firm. The weather was all
 most perfect. save in the Northwest. whtrt hot weather in the wheat, which is approach ing the milky state. threatened the Spring wheat. Arrivals were much larger than ex,
 pected. Cables were lower and statlstica
 Journals issued bearish reports, Offerings
 however. were scanty. There was god de mand from the Northwest. where soms damagy had been done by the cyclones.
 The corn strength stimulated buying in wheat to some extent and September. which opened q shade high~r to shade lower ai 7tH to 7I% at once advanced to 72c. Liberal selling by a comm ssion house, and estimates of 2Io cars for tomorrow put the pr-ce pack
 again temporarily. but when oI cars were .se buying started on a fair scale again and Sep, tember closed firm, Ss up at 72@72Hc. Loca
 gsee rTade: Minnsapoiis @ and Duluth reported 227 cars making total for the three poin's oi 377 cars. against 26o last week and sn a46 aos s bushels compared to $50 1000 bushels last year. seaboard clearapces in wheat and 1oui eQualed Z0l .OOO pusheis Oats ruled strong on scarcity of orerings and the very light movement to this market Cash business was good at higher prices ano
 July options gained at one time ". sell ns at 52G There seemed to be a general fear that the market was oversold and that there
 would not be enough new stun to deliver on contracts This boosted September from 5i%
 to a firm close. %c up at 32a Eeceirts were only 55 cars. six of new stuh and three oi contract grade. ,.. Provisions were rather neglected and WIFI A small and waning support weakened or out side nauidation. Hog prices ct the yards wer firm but September pork closed loc down al
 SIS 5s: September lard 2ac lower al Si o2is and September ribs 71s lower al
 The leading futures ranged as fellows;