The Montgomery advertiser., 1902-06-17
Chicago Grain and Provisions

CHICAGO. June i6.-Corn was the jack screw to the speculative markets today. Bul manipulators got under the coarser grains ant generally bearish conditions. At the close July corn was lc higher. July wheat h9hc higher
 ed from ssarp sumn 1@eT o close a ,ows ra to t0c higher.
 Corn was momentariiy weak at the openins weather and some early short selling. Ths trade was soon dominated. however, by tn, idea that the big bull party had not abatet any of it's previous intention to boost prices When there was a fair show toward recov cry from the, opening depression there was movement on the part of the shorts in, Jul, that indicated that they thought it best tt suffer losses now rather than later An ad tempt to cover biz line after the prices ad vanced: scared all the little fellows. in tn. face of bearish statistcs. July which opene+ as low as 63. kept steadily advancing. About 64 there was liberal unloading of 1ongs whc had bought near soc. but this stayed tho a position where probable manipulation was more important than anything else. This is these circumstances. the pit experienced fail activity. July closed strong at it's high point lc up at 64%. Receipts were 35 cars, but contract stun was small. Exports from the sesboard were nothing, against 34o 900 bush els last year.
 Wheat was relieved from the dull monotony the clearing weather weakened this pit. but trade hung fire and haggled idly for some time Cables were better. indicating cold weather in France. Statistics were generally bullsh, but crop prospects were very good. When corn began showing itcs strength wheat developed its short-lived activity. There was almost no buying business. and this prevented an otherwise probable sharp rally, As it was there was little inclination to sell short and July after opening k1Nc to hc lower to 7iB to 7t% and dipping to 7l%. rallied to a firm close hB4 up at 72. Very little cash business was reported. Local re- ceipts were I9 cars. four of contract grade Minneapolis and Duluth reported 443 cars, making a total for the three points of 462 cars against 3s6 cars last week and 47o a year ago. Primary receipts were 606, 900 bush els. compared to S2.ooo last year Seaboard clearances in wheat and four equaled 287. 00o bushels Worlds shipments were 7.40o, ooo against 9,46o. 900 bushels last week. Bread stuffs on passage decreased 3,o5e, 900 bushels. The visible supply decreased 2.5I 1000 bushels.
 Oats were dull and featureless. The fair weather prospects and the probability of large crops offset the steady cash demand. Liberal receipts of I46 cars also had a slightly bearish effect. These influences to- gether with the opening slumps in wheat an | corn caused break in this pit and July (pew) sold early at sex. The rally ia corn brought a slight recovery, but July closed weak, h@%c lower at 3eh63e%.
 Trade in provisions was small and dull. all though prices in pork frctuated widely. run of 50. 900 head of hogs at the yards depressed the hog market and influenced free early liqui- dation in provisions. Packers soon came to the support however. and boosted prices sharply. There was some talk that the big fellows were sold at Sl7.4o early and closed loc up at Sl7621: July lard closed unchanged at SIo2o. and July ribs 2hc lower at SIo37A
 I'm leading futures ranged as follows: