The Montgomery advertiser., 1901-12-06
In 1he Financial World

rrofits for the fortunate selers-these were the characteristic features of business on the Board of Trade today. The craze for much buying which be to show f:self yesterday was present again | the opening and was aug mented on every hand as the session advanced. The pits. the floor and the galleries of the board were crowded with spectators and spec ulators. largely visiting stock men, all eagerly trading Advances in wheat were h. in corn E and in oats IA. Profit taking an enormous scale. however. took much of the strength from the markets and December up. December corn Ad7s higher May corn ss@ E higher and May oats kgsc advanced. Pro- visions closed l7laG25c up.
 Wheat, as yesterday, seemed to be in most demand. though 1t held poorly. A general bull movement. almost regardless of the usual influencing conditions seemed to control trans actions. The country side seemed to have arisen as one man and rushed to this market began have trokers and commission people been pressed to handle speculative orders IS they have today. No man or firm was Dig prominent in the pit. Offerings. which were very liberal at the very start. were absol bed self was not very buliish. Cables showed very little response to yesterdays feeling here. and showed a gradual decrease But primary receipts were rather liberal and clearances were not large. Outside markets. however. did show big increase. Prices for all op- tions were well advanced at the opepIng and in the whirl of trade tremendous profit taking by big manpuators was disresafded until there was such a volume of it that it could longer be neglected. Gradually the decline came and with it some slight Hull in trade to E higher at, 751sG7s&, sold up to 7el7G zess sagged off to 7sla and closed firm, Aq zs*@so. advanced to the record price for the crop 9oSs. sank back to 7eA and reacting slightly closed firm. bc up. at 7e%. Local Minenapolis and Duluth reported 7ol cars. making total for the three points of 739 cars. against sss last year Primary receipts were .O6S, 900 bushels, compared to 6SS 900 bushels last year. Seaboard clearances in wheat and four equalled 45e 900 bushels.
 Natural conditions backed up by the strong buish speculation held well up and the best advanced of any of the pits Cables were country-at-large wanted the cereal badly. Outside markets constantly buying corn at prices considerably above this market and prominent traders held that inasmuch as Chi cago holds the big majority of old stocks, the country must come to this market to buy. And buy 1t did today As in wheat buying orders came in on all sides and sent prices up to new records, The general range nearly ] cent over yesterday and the bigger part realization for profits was under way and the erect f,t was hardly hardly apparent December opened es sagged back and closed firm Sm% up at 64h, Receipts were IT
 The early trade in oats was heavy with very active demand on the part of the commits sion houses Shippers also bought freely and frightened shorts rushsd to cover. Accept ances were small the shipping demand fair the cash situation stil strong A great deal of realizing for good profits by prominent longs depressed prices toward the close. May opened record price. reacted and closed firm, 1aq% up at 4s% Receipts were lo7 cars.
 receipts of hogs. the strength in grains and good country buying orders. As in other pits. realizing for profits brought an easier feel closed 22la up at sl6.6o January lard 25
 The leading futures ranged as follows.