The Montgomery advertiser., 1904-02-28
Chicago Grain and Provisions.


 CHICAGO. Feb. 27-Liduidation or q hvno scale caused a break of 33 to-day in May wheat Proht taking supposed to be for the ac count t oI the Armour interests started the sell ihs. Much or the decline was overcome later the close being lhc lower than last night J,iv closed hc down. May corn was off Is oats X wheat t'or,Sr%hs cama sSt, The big slump in opening was weak on lower cables May vas 4sc lower to %c higher at l O4&GI osT onS tbn tu1y ava was . on A to 7sc at s5%@s6% During tne hrst few minutes the leading long was an open seLer or May. Local professionaIa alec LOOK the selling side. In consequence Nav ueciinea toaIl 10 io4: but July held comparatively steady around e6 after touching e6H early
 noticeable feature in the early situatIon vras 1s s, ame aDsence or any influence lacked its usual SuppIrt' I the reinstatement of big fines pre Nlously soid. The seeming reason was that most Of the large traders were disnosoL I'at ~ await developments Sunday Anotber aact m dlscouraging general buying early was suspicion that the pressure on May fron, the pig holder was for the purpose of enabiina the purchase Of July at lower prices
 AS AS the session was nearing the close there s ""s su9uen outbreak of spectacular selling or May The heavy orders were generaIIy s,,ns posed 10 De Tor the account of the nrircinsI aI, lolg Ihe general selling movement thns suddenly lnaugurated resulted quickly in A sa were slump in May. From oS May dronned oo I,oI 2. Many stop loss orders came out a,eceleIatlng the decline. On a partial cessa the loss was recovered within inc Ias+ ,o Un InlnutGS' May closed lk lower at .o3ss and Saiy z IoWer al S03s. Clearances enuaIod SS; Ioo bushels Primary receipts were sz1 ooo against 425, 900 a year ago Minne apoils' Duluth and Chicago reported s0I cars against EYE last weeek and 3 3I4 a wear aa1a
 Lower cables and weakness in wheat cansoa an easier feeling in corn at the start Trbora was scattered selling which resulted in sIiebt aec'lnes: but prices gradually advanced os buying by private traders. A prominent nroi %ai vision house was also a liberal purcba sar o, July. The late break in wheat had n sI,uS. @ enecI on n GOT corn put the close was steady May opened tsHA lower at 56hG56% sold hat ,,oa 56h and 57h@57Ss and closed at 5ss9 TeSn 1,',Il closed shade lower at 55h955% Receints T. S2 cars, contract oe'p's'
 The feature in oats was the cou,nora,,,,o strength of the market in the face of inc ,,,aat ness in wheat. The continued ngbt r,oI.n ment. with poor grading, was inc nr,nnieI source Of strength The opening was nas, in sympathy with other grains. but Satr eSss s mand from local traders caused an .5.e tS,l ue May opened hd% lower at 4s64sn rn.la; usa'lce; betweeen AS and 45ssa45%, and cIossd ahsea as,s1 steady at 45h. July closed K lower ot SSs' Receipts. l29 cars. "' 'S'
 Interest in provisions centered in ,,or,. Prices held steady the greater nart th. IN day, but late in the session liberal ,ta's le or May pork caused some weakness To"ai packers were among the principal bnyars T,ta selling was largely by small holders A Staa ranging between l6 o5 and Is a7h NIoI pork closed l7's lower at 6 o2B May IarSs was I's lower at e7la. and ribs were lower at 7o7la. Estimated receipts Mondst, 16"v. Wheat a5; corn. 325; oats. 24o: hogs. SO ooo
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