The Montgomery advertiser., 1904-03-09
Chicago 0rain and Provisions.

CHICAGO. March S.-Indcations that the exsssernted induced liberal selling of wheat to-day. The market closed at net loss Of 2h for May and I%@i% for July Corn was o oown . shade; oats were of < and provi- sons shade lower to 2h higher Contra diction or the reported settlement of the Ar genuine strike caused at the opening an im- - provea tone in wheat. Notwithstsndins considerable decline at Liverpool, May here was @ steady with prices + lower to higher at SsM to s4h. July was up shade to hGss at ssN to soh. For time the market ruled quite nrm. aided by the strength in coarse grains. Another bull factor was the absence of rain in Kansas and Oklahoma. In addition there was compared with last year smaller movement in the Northwest. Shorts covered freely In both May and July. the latter going to coz. and May firm at e41k Toward the middle Of the day, however. sentiment changed On an attempt of some of the bull crowd to dispose of their holdings the pit crowd sud- denly took the selling side. There was appar- entiy no wheat wanted and before buyers could be secured prices sumped severely. May to e2 and July to ssN Large receipts in Kan sas City, which seemed to show that com paratively little alarm is felt in that section only bear factor. The market rallied slightly several times in the day. but each time com mission houses had plenty of selling orders Just before the close extreme weakness again developed and May declined to sI%. loss of 2& from the high point of the day. and July lost 2h at s7h. Final figures on May were 94% and e9 for July. Clearances equaled
 
 Chicago reported 3I6 cars, against 4o2 last week and 3ee year ago
 Higher prices at Liverpool due to reported unfavorable weather in Argentina caused strength in corn early. May seemed con- gested and offerings were extremely light Scattered covering by shorts on the strong cables sent the price up rapidly There was also a tendency to cover July and September and commission houses were fair buyers. The active demand continued until late when the final break in wheat caused heavy liquidation. The early advance was lost and prices went below yesterdays close. The close was com paratively steady at the decline, with May at 63%. May opened hGA to %@h higher at 54654h. ranging between 53hG55h. July sold between 5I and 52M and closed 1s9% lower at 5lk. Receipts, 292 cars.
 Oats met fair scattered demand early. The corn strength influenced some buying Consid- erable long oats came out the last break in wheat, resulting in a loss of all the gains made early. The close fairly steady. May opened kmx higher at 42k to 429s. ranged between ALA and 43h and closed at AHA July sold between 3ek and 4oh64o% and closed at the low point Receipts. 3o2 cars.
 Smaller hog receipts with higher prices caused firmness in provisions early. There was considerable liquidation by local and out side holders later, owing to weak grains All the advance was lost and the close was near the bottom May pork closed unchanged at STA; lard 2lh higher at 7.32h and ribs a shade lower at 7I7h. Estimated receipts to- morrow: Wheat. 30: corn. I2o; oats, 2I; hogs, 2S, 900 head.