The Montgomery advertiser., 1902-08-08

CHICAGO, Aug 7.-After considerable strength in grains today, the market sui fered a severe break-corn in particular. IEe cause was that the year promised to be too prolific to suit the bulls There was a good demand for high grade wheat and very little of this sort was coming to market This m- huence. however, could not offset the inceh- tive to sell heavily in the corn pit when sup port was withdrawn and when corn broke other grains dipped in sympathy. At the close Sep teuber iQlAc lower, September wheat %6hc lower and September oats BgAc down Provisions closed 74QI5c lower
 There was a desire to recover short ac- counts in corn by yesterday sellers at the opening, and a fair support by big house and scanty arrivals prices showed good gains The crowd for time acted very bullish un9er the lead of the crowd that pulled July stuff News. however. was generally bearish The yield for the year promises to total nearly 2,6oo, GOO, 900 bushels Cables were lower and the weather perfect. Trade was not heavy early and when support began to wane sellers came out in numbers. September. which had worked up from 545s to 55%, plunged to 53B and closed after some covering support weak, IaIh down at 52isd53%. The cash demand was moderate and feeling throughout the pit that much of the artificial strength had been hammered out and in spite of the continued slump that the crowd was oversell- ing the market Receipts, Al cars.
 The break in corn near the close worked against an otherwise strong wheat market. The sympathetic sell
 
 off and excellent crop advices came to hand, the good early gains were lost. Trade was light aside from good early demand by ele- vator interests. The cash situation was ex- ceilent Prices at a premium of as much as 10 cents over September were being asked in the Northwest Considerable changing was done for September to December options at a difference of ] cent. The fair-sized short in terest in the market and very steady cables helped in the early upturn September opened k down to unchanged at 6SA469 and ad- vanced to 6o%. Crop adrices, however, stated that everything was favorable. The crowd was in a mood to bear the market. but was deterred until near the close by the cash re- port local statistician today made com parison between last years crop figures and the prospective yield for this year by which all the maturing crops excel those of last year by 75 DOT cent. When corn broke Sep tember wheat dipped to 68% and closed 1sahc down at 694G68R Receipts 23 cars, one contract grade; Minneapolis and Duluth report ed 34. a total for the three points of 353, against 5ol last week and 437 year ago. Primary receipts were e2o.ooo bushels com pared to S95 900 last year, Seaboard clear ances equaed 52o, 900 bushels
 Oats ruled very steady until the corn break. Trade was quiet with little buying by com mission houses. Reports were that oats were yielding well, but that the quality averaged low Receipts were not liberal and there was very little pressure. but when other grains went off there a decline in this pit without much effort on the part of the bears September sold up to 32H, broke to 3IH and closed easy, 1s9hc down at 3l&. Receipts, l79 cars.
 Outside liquidatlon and lower hog marke, depressed provisions early. Pork was want ed however, and on the packers support there was good advance until grains broke, Then there was liberal selling and the close was weak with September pork 7i:c down al SIG S5: Sc ptember lard ioc of at Slo 7S and September ribs Sc lower at Slo.35
 The leading futures ranged as fellows: