The Montgomery advertiser., 1902-03-27
Chicago Grain and provisions.

CHICAS March 26.-Bullish manipulation Trade, aided somewhat by damage reports in Winter wheat influenced strong and &C., tive markets. May wheat closed %c higher May corn lac advance and May oats 1sc np Provisions closed TAO ioc to 22Ac higher
 Corn strength easily ruled all grains and the the corn pit lsd in activity: At the start ca here yesterday. There was some early selling on wheat influences. but soon there started a bull movement in July corn that caused a sharp upturn in all corn options. There was some talk of a bull campaign to be worked in July corn and considerable Importance was at tached to it. Next in importance to this fac tor for the corn advance. which was aug mented by an improvement in the cash corn from crop damage reports in the Winter wheat country. Local bulls started buying freely. commission houses followed suit and shorts covered liebraily. There was also some export business reported which had its bull ish influences. The sentiment seemed to change entirely and nearly every trader want 5shass%. eased to 5Shass% on weather re- ports and wheat selling. then spurted to 5e7s solely due to the willingness of early buyers to ifquidate for liberal profits. May closed strong; 1tc higher at ssha5sS. Receipts Aside from the corn influence wheat had good reasons of its own to advance prices WoThed for faar earS sdvances bu the ''crop killer" once more became an &C., tive factor. True. there were bearish infiu-
 
 of general Spring wheat seeding But the general good weather soon lost its effect when word was received from the President of the Kansas and Oklahoma Grain Dealers Asso- citation stating that Kansas would harvest only 50 per cent. and Oklahoma only 40 per cent of crop. Of late crop damage reports have had little consideration at the hands of spec ulators. Now, however, 1t seems that traders consider the growth of the plants far ad- vanced that where farmers report the ground being plowed over again attention is given Today's reports started good advance which was met by liberal offerings. Then some of ence and shorts covered. sending prices up: Some profit taking toward the close caused a loss of some of the advance but throughout the session the tone was excellent. May started Adhc higher at 72i9G72S eased to z2h and then worked up quickly to 7sHa7sM' Local receipts were 30 cars, none of contract grade Minneapolis and Duluth reported 'i56 against 2so last week and ssl year ago. Primary receipts were 3ss, 900 bushels, com. pared to 57s 900 bushels last year. seaboard bushels The export demand slack, the seaboard reporting only IA loads taken.
 tb. on r% Stb oSsr in srsa
 Commission houses took some fair long lines, though offerings were never on large scaic. than May options. In the latter month there was some early weakness on an absence of demand. The farther months felt the strength of corn and wheat more than May. Although favorable weather for the new oats was a good bearish argument, the corn strength overba- anced 1t and the short side was not popular. The tone of the market helped by the news that Kansas City bids at the river were | Sc over Chicago's best bid on No. 3 white. May sold as low as 42. advanced to 43H and closed firm at 427s Receipts were SS cars.
 Covering of large short lines of pork was the principal bull factor in provisions At the outset the same strong feeling that existed last week showed itself again. holdings were com manding better prices at the yards and there was a good speculative demand for every thing on the list Offerings very small and the continent was reported bidding. Trade was heavier than usual in all lines Commission houses bought freely for pack CTS and bulls took lard and ribs. After firm opening prices advanced sharply; May pork gained at one time 37ia. Profit taking late reduced the gains. May pork closed 22i:c up at s6.l B. May lard 7lad loc higher at Se.7O a9 72ia, and May ribs loc advanced at
 The leading futures ranged as follows,