The Montgomery advertiser., 1902-03-28
Chicago Grain and Provisions

CHICAGO, March 27.-Grains experience ed another rally of heavy trading and for time sold to good advances Fair weather. however, dssipated fears of crop damage and corn shorts hal comforting assurances against the were registered. May wheat closed ssGp 1a depressed May corn A lower and May oats
 c down nS cness asah sS7 to sse hsher
 Traders who ran to cover yesterday on re- ports of crop damage in Winter wheat had their fears allayed soon after the opening hour. Cables were higher on the damage re- ports and there was a fair number Of buying orders Small Northwestern receipts also were as held firm did wheat keep its opening strength. Rains were reported over the whole belt and the temperature was too mild not to be taken notice of Statisticians reported the growing crop as good as If not better than at first expected. Corn had been expected to take decided uDturn but was soon being sold literally and weakened. This gave the weather an opportunity to be felt and wheat grew sick and staggered downward Liauida- tion and stop loss orders added to the de. cline and bears took control May wheat
 Sers fos 'o ms The "s May to TIA and in spite of liberal covering of shorts late in the day the close was very weak. May lss4l1sc depressed at 7l$a7l | 'ac. Some of the early buying was of very good character. but the heavy selling which was So professionals. Crop damage reports continued to arrive. but were over-baanced by other reports that made bears hopeful. some Of the holiday tomorrow. Local receipts were i9 cars, none of contract grade. Minneapolis and the three points of 255 cars. against 366 last week and 430 year ago. Argentine ship snfs mo essSs5s as week and ooo last year Primary receipts were 346,Ooo bushels against 3i7, 900 bushels a year ago. Seaboard clearances in wheat and four were 373, 900 bushels The sea board reported noth- ing taken for export. This point sold seven loads.
 Considerable strength was manifested all day in corn despite the marked weakness that de- veoped in wheat. There was also persistent selling of corn by big traders-especially by the crowd that was supposed to be trading to corner July options-but prices held well. The market was nervous and excited at times on account of rumors that effort was be- ing made by large Eastern interests to con meet with the July campaign crowd, The heavy selling for profits eased prices some what and gave wheat a chance to break The wheat pit in turn affected corn and May corn, lost all it's gain and dropped to 59lsd59A The weather had something of bcarish et- feet, but in b spe oa tns nMsavS ossd ony sssv |. lower at 5eAd5eS. Country offerings were moderate. Receipts were light at lo9 cars; Oats had some strength at the opening under the influence of corn. They soon broke away from this lead. however. and on liberal offer ings turned easy. There was good early de- mand in July which was easily accommodated, and May options. which were quiet, declined | in sympathy The late weakness in wheat and | depress oats late. Reports of early seeding and plants starting well had an added bear | sh influence. May sold from 43 to 42h and closed ls off at 42as. Receipts were e5 cars. Provisions showed marked strength, again | due, it is said. to active manipulation by packers to bring prices to higher level for the purpose of unloa ling their products. There was another large short line covered and generally heavy trading resulted Hog prices were better. receipts of hogs light and a private estimate of Chicago stocks showed a decrease in lard and an unchanged situa- ton in pork and ribs. This, taken in view of the recent heavy runs of hogs and the bet ter prices was considered bullsh, Offerings were principally--by longs who took profits, May pork opened lon2oc up at Sl6. o54 1885. gained steadily for time and then jumped late to Si6.7o where it closed very strong. 55c above yesterdays close. May lard closed IoG 2hc higher at S9. 82la and May ribs 5d7Iec up at S8 S7lkdS. 90.
 The leading futures ranged as followsi