The Montgomery advertiser., 1902-05-04
Chicago Grain and Provisions.

Chicago. May S.-Many bulls changed their sentiment on the grain situation today and although trade was TOT tn. most part quiet and unimporant lower prices resulted At the close July wheat was half lower. July corn 5-snS-4c down and July oats 1-Sc lower. ProVlslons were independently strong ana cioseu 5G7 l-2G110c higher.
 At the outset wheat showed good strength Cables were firm and indicated a generally strong foreign position. espe- cially when the recent sales to France were considered. There was too much rain Northwest to permit of early spring wheat sownig and the possibility or retarded spring crop gave tre bulls higher price argument. The government reports still showed Kansas and Nebras- these influences July wheat opened 1-S to 3-S up at 76 3-4 to '. Private messages. however soon began to arrive telling or rains in Kansas. This broke the market for time but the foreign situation brought another rally. Commission houses were on both sides of the market ana slightly favored buying. The quiet nature of the market. however. helped the bears and when the Kansas rains were consld- cred again they put a selling pressure on the cereal. July fell to 75 7-S and closed weak 1-2c lower at 76I76 Is. Local re- ceipts were 31 cars. one of contract grade The Northwestern points were reporting much frcer deliveries by farmers. receiv-
  cars. total for the three points of the Northwest 29S cars against 1S6 last week and 233 year ago. Australian shipments were 10000 bushels compared to SO,OOO last year. Primary receipts were 333, 0OO bushels, against 372O 900 bushels year ago. Seaboard clearances in wheat and flour equaled All 900 bushels.
 Corn was again weak. with commission house selling based on excellent crop news as the feature. Weather turned the scale in favor of the bears. At the open ing cables were comparatively firm and the wheat strength upheld corn prices. Conditions in the fields. however. were all that could be deslred and the speculative long property all seemed desirous to sell. There was no attempt made by the lead ing bull house to support the market and many commission houses were advising sales. Receivers were reporting more dis position on the part of country holders to sell their cash corn. Under these inf1u- enees prices gradually sagged of. July, which sold early at 62 1-4. closed weak 5-S M3-4c down at 6l 1-2. Receipts were 14o cars.
 Oats were dull. with small trade over very narrow range. Crop advices indi- cated favorable situation and offerings were rapidly increasing. The cash situa- tion was improved and commission houses bought sparingly on this influence. The market. however. felt the depression in wheat and corn and July closed easy 1-Sc lower at S6l-4. Receipts were liberal at 226 cars.
 Provisions were strong but quiet A few scalpers sold products but they were readily taken up and prices made good advances July pork closed 1-2nIOc up at 171Od17.12 1-2: July lard 5c up at 10 20 and July ribs 5G7 122c higher at 9.55d 9.57 1-2.
 Estimated receipts for Monday: Wheat 25 cars; Corn 1SO; oats 235; hogs g. GOO head.
 The leading futurea ranxad e foiloua,