The Montgomery advertiser., 1901-12-10
Liverpool Cotton Futures.
Chicago Grain and Provisions.

CHICAGO. Dec. 9.-Over- confidence amons the bears in the gl ain pits b. ought srlef t. and short selling brought ti iemt naous vol ume Of u+ipess, but the low prices which followed these weakening influences were Jo' tempting the biz public and ami scene of the widest confusion wheat was sent ui' to new crop record price. May wheat closed 4 higher. May corn ss lower and May oats ls higher.
 Wheat was sold in great quantities at the opening. Conditions had changed; there was not the same general elamor for the cereal from the country and there was nervous feel ing resultant from the tumble of prices in Wall Street. In general there was an induce ment for people with high priced lines to take good profits Big houses with connections in heavy sellers and Patten is reported to have unloaded 1000, 900 bushels of wheat. As the markets weakened on the price s they sGs were was fin such bulk that it could hardly hay come from scattered outsiders. Some of the persistent bulls continued buying. and even at the top prices at the opening thought the bargain a good one. Conditions that generally govern were somewhat mixed. Cables were not quite iponsive as expected. Though the English country markets were represented very strong, Northwestern receipts were fail gain: The increase in stuffs on passage and in the visible supply also were bearish fac selling pressure, prices fell off badly. May gAc lower 's at sa% to s2S, steadily feii to S sI4, Shorts were tubilant and rushed to put on that pressure. Then came the reaction with the force of a whhlwind, Buying orders sprung up all atounI and it became woefully apparent that the market was heavily over sold In twenty minutes the price for May was up again to s3%, new crop. record. at 93%1e3h Local receipts were 60 cars, Minneapolis and Duluth reported e2s cars, against l,os7 last week and Lois year ago. Primary receipts were |, S9, 900 bushels com pared with i,5I6.ooo bushels a year ago. bushels and the visible supply increased 2, 944, 900 bushels seaboard clearances in wheat and flour equalled 536 900 bushels
 Corn started strong because of the and the rain, which, 1t thought, might hinder farmers deliveries. Heavy profit talk ing of prices. There were still several prolni- nent bull professionals in the market. but slack outside cash demand soon dampene1 their ardor Primary receipts heavy. advance here Saturday and local cash dealers reported business almost at a standstll. May opened Ac higher to ssc lower at 6shq69% but quickly began to feel the effects of liqui- dation in this and the wheat pit. Prices sagged off rapidly to STA Wheat strength. however, session and buoyed May up to a steady close, Sc lower at 65Ss Receipts were Is4 cars.
 After an opening at about steady prices oats suffered a material loss early under heavy liquidation from several of the most promi- nent professionals. Prices were at one time offerings absorbed by the outside and when May. which had opened unchanged to 3s down at 47%44I reached 46 selling practically ended. Early there considerable com mission trade, prices fuctuating widely and rapidly. When the strength in wheat became manifest, oats followed upward to 47 closing comparatively firm. Iz lower at 467s. Re ceipts l79 cars
 Provisions rather early affected by the downward tendency Tn grain. The country buying seemed to have subsided and selling for profits by local professionals took its place The run of hogs was heavy, but the bull ar gument of the day in the light and un- finished condition of the animals On the vival of the wheat strength. prices responded January pork closed Sc up at s 6. 90: January lard Sc higher at Se.o5, and January ribs unchanged at S8, 55.
 The leading futures ranged follows: