The Montgomery advertiser., 1902-04-27
Chicago Grain and provisions.

Chicago. April 26.--Wheat experienced a normal reaction from yesterdays bad
 behind it, lent It's strength to other grains. Trade was not heavy but July wheat closed 7-sc higher. July corn l-4c higher, and July oats 1-4@3-Sc higher. Provis- tons gained l2 1-2 to 17 l-2. Deficiency. of moisture in Kansas and almost freezing temperatures in many parts of the wheat belt were enough to start wheat upwards at a good pace at the opening of trade. To augment the strength cables were firmer than had been expected and re- ceipts both primary and Northwestern were small. Inasmuch as the shortage in receipts has been apparent for some time and comparisons have been made against a short crop year. the bears be- cred freely. Excepting rains every argu- ment was In favor of the bulls. Traders were of the opinion that 1t takes some thing more than a rain or two to make harvest. After the initial upward im- pulse trade was quiet for time prices huctuating weakly. Concerning Kansas Bradstreets had had a special report say ing that a three-fourths yield at the best and 50 per cent probable was to be ex- pected. Weather forecasts had a bad ef- feet. Frosts were predicted in many of the Western States and in just the places where warmth is most necessary. Then of s1s.o0o busheis-exceptionaiIy iarge-and of a fair outlook for export business with France. Prices worked up, trade became more active and the greater part of yes- te5Ssys isss, loss was rsgainea s 5uly ogsned advanced to IS 3-S and closed firm 7-8 up at 76 1-SG1-4 Local receipts were thirty three cars. none of contract grade; Min neapolis and Duluth reported 153 cars. making a total for the three points of 1s6 cars. against 143 last week and 34s a year ago.
 Australian shipments were 152, 900 bush els against 676.000 bushels last year.
 Primary receipts were 215.o00 compared with AZ. 900 last year. Brokers in corn reported the lightest trade in that pit for Saturday in many weeks. One explana- ton was the bad wire service on account of the storm which almost shut of out jolt spectators received yesterday and which they had hardly got over today. What argument there was favored the bulls. Wheat strength and firm cables gled very narrowly most of the session. Speculative offerings were very light and consequently there was little selling pres sure. The cash demand was good and the Southwest was very bullish. St. Louis reported good cash sales and more de- sired than could be obtained. In general corn was without feature save it's strength. July sold between 6i 1-2 and 6 1-2 and closed firm at 6 3-4. Receipts were s4 cars. After a firm opening in oats In sympathy with strength in the other pits there was a momentary sell ing pressure due to the recent heavy rains and their effects on the sown oats When this pressure was removed there was some response to a light demand and prices advanced. July (new standardD sold between 2 1-2 and 5-S and g i-4 and closed firm at 37 3-S@l-c. Receipts were ia6 cars. Trade in provisions was large ly local because of wire service. At the start the grain improvement and a steady hog market induced buying which even improve. There was a momentarr dis. position to sell on the hog situa ton. hut a very good packers support developed strong market Pork was in best dc mand but lard was also wanted Trade in general was dull. July pork closed H 1-2 higher at f705; July lard, 1e i-2 m at 1no7 1-2 and July ribs, 12 i-2 higher at
 Estimated receipts fo5 Monday: Wheat 9 cars: corn. Io5; oats. ?95 Hogs. $5Ooo head.