The Montgomery advertiser., 1902-08-29
Chicago Grain and Provisions

CHICAGO, Aug. Z6.-BrfRnt weather Sener- ally was the bearish factor fin grains today. All cereals suffered recessiors at the start on general and free liquidation by longs and for some tim. bears had free rein. Later there was something of a natural reaction especially in oats. The close, however, was weak, Sep iember wheat 7s@ic down, September sorn Is lower and September oats 1sc higher. Sep September provisions closed off l5g2oc
 Wheat ruled weak and was active only m that could be desired there was a good amount of long selling early and prices took quick tumble There was constant talk of a big movement of spring soon and good prospects for little better grading. Active threshing of the new wheat was reported under way. Fol- shine turned the crowd to the bearish view and stop loss selling orders came out. After tho break. however. there % was good good buying buying S at cause of poor support. Late cash business was fair and the seaboard reached 36 loads. In cated that the big longs wanted to get out of the market before t found lower level and the support was largely by those who S% Sc lower at 76ss97oH; dipped to sex and then huctuated nsrrowIy closing weak veal and and one contract: Minneapolis and Duluth reported 3l6~c cars. total for the three points of 55S eEnst 500 last week sas 3 oss agaSs eauaIled 5c4. 900 bushels.
 Corn felt the effects of fine weather lower cables and reports of free offerings. Receipts were light at 2s cars. one contract grade but promises were for much better showing The crowd turned uniformly bearish at the opening and on the initial slump September was at one time 2c depressed. Almost every one in the pit had stuff for sale. In general the speculators thought manipulation fin Sep tember was at endr but a latent fear that such might not prove the case held this option somewhat nervous and subject to quick huc- tuations any definite news. Kansas City sent out conflicting reports to the effect that plenty of corn would be offered there within IS days. but that ner' corn would not grade there until Oct I5 There was no doubt, how ever that there was selling pressure on the Southwestern markets because of news of new offerings September sold from 56 to 55ls in the first few minutes. but rallied to 56h on fair covering Late fluctuations were narrow and September closed weak. lh lower at 56%
 Oats displayed the best strength of the grains ahd ruled strong after an early dip The opening break was in sympathy with the other grains and on fine weather. Excellent buying by cereal concerns. however put firm tone in the pit. shorts covered to some extent and prices reacted sharply. September sold from 32% to 32Ie early. advanced to 33M and closed firm, 12c up at S3-. Receipts 263 cars.
 Weakness In hogs and grains worked against provisions Early in the day there was an ef- fort on the part of packers to support the market, but free offerings resulted in the general bearish sentiment on the floor and there were marked slumps all along the line September pork. which sold at $l7l7 closed I5c down at si695: September lard lost 32h and closed at Slo.5o. and September ribs closed 221sc off at $9 s7h
 The leading futures ranged as, foiiows: