The Montgomery advertiser., 1901-12-08
Chicago Grain and Provisions.

Chicago. Dec. 7-Pandemonium broke loose in grains today and with an en- thusiasm that has seldom if ever been equalled bulls carried everything before them. 1t was a wild day in the pits with wheat in the lead and as on other recent bulges, an -incesSant stream of buying orders from the country brought the ad. vance Wheat jumped Sa3 Is; corn l-4
 December wheat closed 3-Sd2 12 up. May wheat. 3-4c. up, December corn 5-S higher, May corn. 1-4c higher and May 151l7 1-2c higher.
 Wheat easily led all other pits and set such rapid pace that 1t was difficult task to follow. As has been the fashion with a jump, and disregarded the usual governing factors. Bullish enthusiasm did everything. The country was crying for huge quantities and it was case of buy. buy. buy. Such market was q great temptation to holders of long wheat and soon a flood of it poured in from several sources. One prominent broker the market and 1t had practically no ap preciable effect. Several large sellers were making fat profits. there were as many others taking in all offerings with avidity. Commission houses had orders that demonstrated that the public was bigger than the professional. The regu- lar trade was of the opinion yesterday that the bull campaign was at an end
 
 market. Tips have been going out to sell everything. But todays business showed the effort was wasted. Beside the coun- tryman. the capitalists was getting into the trade And added to these very strong bull arguments came the news of strength at Liverpool, and in the English country markets,
 Receipts, especially Northwestern. were falling off. The weather was unsettled and all outside markets were showing corresponding strength. December wheat opened 3-4d7-S to 1-S@1 1-4c higher at 76 3-4 to 77 Is. eased off to 76 5-S on the heavy proet-taking. hut in the last hour of business sailed upward and closed very strong. 3-SQ2 1-2c higher at IS 3-S May opened 1-S91 to 1-491 S-4 higher at se 7-S to S1 IA, sagged to 80 5-S but near the last moment of trade ran excttedly up to S3, and being new crop record. The close was very strong, 3-4o higher at R 6-SGQ3-4 Local receipts were 54 cars, one of contract grade: Minneapolis and Duluth reported 700 cars, making a total for the three points of 754 cars against 1 o15 last week and 6sO a year ago. Pri- compared with S3S. 900 bushels last year Seaboard clearances in wheat and flour equalled 292OO0 bushels. Australian ship. ments were 112,000 bushels against 100000 the week preceding.
 Corn was inclined to be fully sympa thetic with wheat. Country offerings have increased somewhat the last few days on the big advances and the incli-
  ing. which it is thought would have had markedly depressing effect had wheat not taken matters in hand. Trade was smaller than in wheat but cables were higher and offerings temporarily held off because of the wheat demand Commits sion houses did d fair business on both sides of the market after the opening rush and the wheat spurt at the end mainly brought the reaction from the sag attendant upon the proft-taking De cember opened 7-SG1 Is up at 6 1-26I3-S, eased of to 64 3-S and closed strong. 3-Sc higher at 64 7-S. May opened IS to 1c. higher at 6S IA to 6S 3-4. sold down to fs IS. and then literally jumped to 6s. the new record price. where it closed very strong, 1 1-4c up. Receipts were 136 cars.
 There was good all around trade in oats at the opening with prices well advanced on good buying both local and outside. temporary scarcity of offerings and on the wheat strength Commission houses still were filling country buying orders and prices advanced steadily in the face of profit-taking. May opened strong, l-4 to 1c higher at 46 to 46 3-4 never got below the lower opening price, and late In the session struck 47 5-S. It closed very strong 1 5-S up at fl 3-S. Re ceipts were 1& cars.
 Provisions inclined toward dullness, early. and prices were slightly down on a weaker hog market. Receipts were lib- eral and there was a good deal of early selling. On the strength in grains, how ever, and revival of country buying, prices reacted smartlv and closed strong. January pork closed 15q17 1-2c. up at l6.S5; January lard 2 1-2c higher at 9.S0 and January ribs Dc higher at $50. Es- timated receipts for tomorrow: Wheat. 60; corn, 11o; oats. TO cars. Hogs, 54,OO0 head
 The leading futures ranged as follows: