The Montgomery advertiser., 1904-01-28
Chica 3 0rain and provisions.

~esssV@SsSt%, Bosus Dcu,SOu,STf.
 Chiea..o Grain and Provisions.
 CHICAGO. Jan. 27.-Apparentiy in dread of being burned in contact with May wheat trad CTS today turned their attention to July wheat delivery. As result May ruled weak. clos ing with loss of hc from yesterdays figures July was relatively firm, only a fractional loss being registered at the finish. May coEl and oats were practically unchanged, but provi- sions were e@7hc lower.
 The feature in the trading in May wheat was the unusual activity and comparative strength of the July delivery. May exhibited consid- by any little trade either way. Quietness was noticeable at the start. there being few or ders on the market. The opening dullness was the result of conviction in the minds of the pit crowd that so long as one firm stood ready to buy all that was for sale on May delivery It was useless to attempt trading. Easier ca bies caused slight loss on initial sales, May being shade to M@Nc lower at se%@so7s Light offerings with a fair scattered demand soon caused an advance to sos. There was fairly good commission house selling on the upturn and the market soon reacted. The July delivery. however. retained considerable of the early strength. the supposition being that 1t vas iess under the control of the leading long operator. The extreme cold weather through out the Winter wheat belt brought a good de- mand for this option. with outsiders buying freely; From six9slk to sl& at the open dalton of May. however affected the more dis tant months and prices declined late in the day. The close on May was weak and X lower at 0o%@69h, after the price had fallen to 69A. July was only a shade lower at 9i% @Sl% Clearances of wheat and flour were equal to 0i i,330. bushels. Primary receipts were 607. 900 bushels, compared with oe6, 600 bushels year ago. Minneapolis, Duluth and Chicago reported receipts of 222 cars. against 430 last week and SIS year ago
 There was good buying of corn early by lead ing commission houses. due partly to the strength in wheat and partly to the strong tone of cables. The demand from this source carried prices higher ard the advance was well Raintained until late in the day when reaction occurred on selling by local bears. Receipts were Q little larger than estimated. but the movement was not large and the ship ping demand continued good. The close was steady. May opened Mo lower to a shade high CT at 4eMd4ex@4e&. sold up to S0N, reacting later to Aoh. The close was 4eM6%ox Lo- cal receipts were 223 cars, one contract.
 Oats were firm the greater part of the day on fair commission house demand, but the late weakness in wheat caused Q reaction and the close was about steady. A feature of trading was the scarcity Of offerings and the good shipping demand. May opened E higher at A2k. sold between 42 and @2k. closing at 42k. Local receipts. 99 cars.
 Liquidation by small holders and selling by packers caused some weakness in provisions. There was some support from commission houses on the decline, which resulted in a slight rally. The close was easier with May pork 71tc lower at Si3.32h. May lard and ribs were each s@7hc lower at S7.47h and
 Ths isSdisE futures raassa 6 sSlssws.