The Montgomery advertiser., 1903-04-22

CHICAGO. April 2I.-A sharp break occurred in May wheat today. the price declining 3hc the Armour pecrie to d,spose of s o nsrt of their immense line, but the recovery was almost as rapid as the break and the close on May was lower. May corn was Kc lower with July un- changed and May oats were of hc. Provisions were steady. the July products closing from shade lower to a shade. higher. -4
 The wheat pit was scene of wild excitement the greater part of the day and pit traders were kept in q constant state of suspense in an effort to Anticipate the lightning change of front of the big bull leader. May opened 2 shade to k@&c' higher at 7eh@7sN and the ,ne early tone was one Of hrmness on the ac- have taken 226, GOO bushels of W No. i Northern m yesterday for shipment. and on the suspicion shipped TSsrs seemed o be . doubt 0 ths the leading long had complete control of the situation and shorts were disposed 10 cover. July to 73k. But the weather abroad was re- ported more favorable and with the Liverpool cable practically unchanged change in sen- ing quite scarce. The stampede began when the operator for the Armoure began to sell and at the first signs of selling on the part with selling orders and the price of May dropped to 74h. while July slumped of in its height con,rnission house pit operators re. ceived more stop loss orders than they could execute, the price dropping so suddenly that the the price had dropped 1 e or s cents below f the price at which they had orders to sell Tho confusion was so great that at one time trad. parts of the pit at 7sM and 77M. When the leader realised the effects of his effort to dis pose of his holdings an effort was made to support the market and as result prices ad- yanced again as rapidly as they had declined. May advancing to v within two minutes after it |, had M touched the low point The last hour Of the session was comparatively quiet and quite a steady feeling prevailed. After sell ing up to 7e May closed h0xc lower at 77H. 7s% %sAs Sss, snS flour were equal to 265, 700 bushels Brad streets worlds, visible showed decrease of s7c Soo busn asans 5ees'Bss Bushels wers year ago. Minneapolis and Duluth reported re- ceipts of 6s cars, which. with local receipts tai receipts for the three points of l23 cars. against Ioe cars last week and 236 cars
 Corn ruled dull and featureless and in spite of the weakness in wheat the market held steady. No pressure to sell was apparent at steady with May Nc lower at A. after selling between A and 44A. July closed unchanged at A. Local receipts were ee cars. with one
 Oats were active with prices unsettled. Cov- ering by shorts caused a strong tone at the start. but the Springike weather brought out plenty of selling orders and with the break in wheat the selling became quite general. re- sulting in lower prices. There was a better demand for July late in the day and a large part of the loss was regained May closed at a loss of M at 34M. after selling between 34x and 35M. July was of hc at 35h. Local re. ceipts were lee cars.
 There was onl va moderate trade in pro- visions and after rather an easy opening the market became hrmer on a good demand for ribs from brokers. Prices. however. showed but slight fluctuations and the close was steady with July pork shade lower at si7.eo, and lard of a shade at S9.e2h9s S5, while ribs were a shade higher at Se. 6o
 Ths iead'nE futuJea ranged as follows