The Montgomery advertiser., 1903-06-28
Chicago Grain and Provisions.

CHICAGO. June 27.-Extreme weakness pre-
 vailed in both the grain and provision pits
 today. due to general liquidation. September
 wheat closing 7sc lower. September corn off
 IB and oats down %G%c, while provisions
 were from | 5 to soc lower.
 Light showers in portions of the Spring
 wheat belt with cloudy skies quite general in
 that section. caused a feeling among traders
 that the drought fin the Northwest was ended
 and resulted in bringing out a large volume Of long stuff which holders were afraid to carry over Sunday. In consequence of this heavy selling pressure prices dropped precipi- tately and weakness manifesto through out the entire session. Cables were rather in- different to the upturn here yesterday and with the break at St. Louis, Minneapolis and St. Louis. this market followed the lead and opened lower. July being unchanged to hc lower at S2aS2&. while September was off %d1z to %dA at 7eha7e%. The market ral- lied at one time during the first hour, but the selling was too persistent to be withstood and prices continued on their downward course until July had reached 9ok and September 78 The close was near the bottom with July i% lower at soB and September down X at equaled PA. 900 bushels. Primary receipts were BOA 300. against 46o, 900 a year ago. Receipts. 24 cars. 3 contract; Minneapolis and Duluth reported 2ie. total for the three points of 240, against 254 last week and BAY year ago
 Corn ruled under general liquidation brought out by the weakness in wheat, favorable weather and increased receipts Nearly every house in the trade seemed to have selling or ders on tap at the start and the demand was exceedingly light that the opening figures were considerably lower than yesterdays close. The selling was renewed from time to time during the remainder of the session and prices declined still further, July closing at the low point-495s. a loss of 2s after sell ing between 49% and 5o%. September closed ih lower at Soc after ranging between 49B and sos. Receipts, 6oS cars. "A contract grade.
 Oats for July delivery suffered a sharp break in the first hour. the opening price being from b to lh lower at 4I%G42A and sell ing of to 4 soon after the opening. The de- cline due chiefly to selling by a promi- nent commission house and with stop loss or ders coming out on the decline the recession was made more pronounced. There was more or less liquidation in the deferred months on account of the weakness in July and on the decline in other grains together with the fa- vorable weather conditions. After selling be. tween 4o1s and 42%, July closed 2h lower at 40&, with September off %@A at 33M after ranging between 33h and 34%9341s Receipts. 2o6 cars.
 Provisions ruled decidedly weak the greater part of the session due to the weakness in grains and to heavy liquidation. Opening prices steady in spite of an easier hog market, but toward the end of the first hour there a general selling movement and prices declined rapidly with pork especially weak. There was little support to the market and the close was at the bottom, September pork being off soc at SIS. 40; September lard closed I5c lower at e2714 and ribs 22hc lower at S9. 62h.
 The leading futures ranged as follows: