| Show DAILY GRAIN GIA LETTER LETTE Logan Igan Bryan of ot Chicago telegraph their local I correspondents James A Pollock Co theli thelt private sate vate ate wire on the tle grain and provIsion as al follows Chicago March Murch Wheat For a a aline time line the tim market held hell very firm In tho the face of the extreme weakness SI In hi thu Ihl corn pit but finally pave gave way WI under undertun nn avalanche of or selling roiling rac pressure Tho he de thu deferred erred terrell futures tutu res have hail had a long Icing contin continued Uee break br ak Doth Both are oro selling at discounts s under tinder the thin Liverpool prices The Th weather Is still a n dominating ing hg factor and aside from somewhat lower lowr temperatures gives no evidence of ef anything alarming in that direction The Tho rally from the low point seemed d to that the market was waa approach approaching ing lag the tho point pint of ot an oversold condition Trade la II t still nervous and very much unsettled but a n covering movement on the part of ot leading lending bears desiring to ta tak tako their profits or caused by b nn an un unfavorable unfavorable favorable turn In the weather easily bring about a sharp rally In thIs thU market Corn Big and little bulls let go so their lines hines today tolay and shio the close quite quie a mu respectable 1 rally from the low lov point the tho market was Wil very nervous and 1111 unsettled The large laree receipts ely and con eonS continued tInned slew sl cash markets seem sem to h ne be telling against the thin corn cor market Wo We YI feel the present slow cash eaRh demand must Improve vastly to bring about sustained higher prices Oats Liquidation continued In to days market bringing new low prices Trade WItH was 11 on an nn enormous scale scalo Un Uh Undoubtedly the tho extreme weakness In coin COll cot it was 18 responsible In Iii part but cash mar markets markets showed no Indication of or doing hot bet hotter bottel better ter tel with stock piling up We Wc feel the theca th ca cash b department mul ml t show better beter form forni to Im before any sustained Improvement can take place In iii tho the speculative ep market Provisions This market In a II meas measure mes measure ure took part In the general decline of other oilier pits piH reacting nil and closing clo practically unchanged Condi Conditions tO an at wo we 0 them are Ire unchanged Aside AAlde from front a u possible speculative rally rai we see R e no tm Immediate prospect for Im mi Improvement provement provement S |
