The Montgomery advertiser., 1902-08-03
o. A.CRAINE, Sec'y 6 Treas.
Security Trust & Life Ins. Co.,
BROADWAY & 10Th STREET,
New York City.
wed fri sun

in wheat still exceeded those of last year.
the excellent cash demand. especially
Tor corn and oats, brought higher closing
prices all around. At the end OF the
session September wheat gained o-S 10
ga Sept. corn 1 to is and Sept. oats
5-s to ga. Sept provisions closed 10 10
81 1-2c higher.
Bearish conditions were arrayed against
wheat prices at the opening. Receipts
locally were one-fifth more than were ex-
pected, the weather was excellent and the
talk was for good spring crops. Liver
pool had a holiday, but London and Paris
were firm and September showed only
slight. easiness on first sales. Contract
arrivals were almost NIL four cars today
out of 1877 received. This started much
comment and gossip which mad trend
toward curtailed receipts soon, now that
the rush of new wheat to market was
supposed to be over and caused a scurry
among shorts to cover. New YORK ana
leading bull interests were buying sep
TENDER freely and in consequence gooo
advances were made quickly. Liquida-
ton at top prices brought slight dips, but
the local sentiment was so bulish that
the close was strong. Much OF the
strength came from theh absence OF free
offerings. No. l northern cash also was
selling Sc over September The near OPP
ton was bought more literally than De-
cember and advanced over the winter
month from 1c yesterday TO ! o-ec at tne
close. September opened 1-S lower 10 l.se
and closed strong 5-S to SAC up at 40 5-S
TO "a Minneapolis and Duluth reported
122 cars. a total for the three points OF
$50 against 461 last week and 4l6 year
ago. o-o an
bushels. Primary receipts were LODI QUO
bushels, compared to 100000 last year.
Corn receipts amounted to only 5S cars.
two contract With such scanty receipts
as this market has had for the last week
and with still smaller estimates for next
week. there naturally was very little stun
to offer in the pit. Private elevators
turned out nothing. The cash demand was
excellent and in addition the Fasteners
who expected to be flooded by the out
pouring of cash corn that was brought
to market by the July corner, found their
stocks so depleted that they had to in
crease bids lie today to secure stun.
still another bullish factor was the buy
ing by the holses recently heavily inter
ested in July oats. There was no selling,
save near top figures for prohts ana the
ersult was strong and steady advance:
September sold from Sc LIZ to SO and closed
strong 1@1 1-2c up at 81 3-4Q57 rs.
Oats were in excellent demand and the
pit ruled firm and active. The nrmness
in other grains and the premium OF lOc
for some cash grades over September
options. with a good cash inquiry for
shipment pushed prices up. There was
little profit taking, but the bull sentiment
ruled uppermost September sold from
80 10 to SO Is and closed firm 5-SQ3-4c
higher at 30 1858 Receipts III cars. Crop
prospects contine good.
Provisions were fairly active and for a
time unsettled. The weaker hog situa-
ton and pork selling depressed prices
early but very good demand for lard
and the reduction of stocks during July
Influenced late buying and prices closed
strong September pork closed 15c up at
16 .S5; September lard 15c higher at l092 IL
and September ribs q lie up at 1885. Els
timated receipts Monday: Wheat 265;
corn 40; oats 100; hogs 25.O00.
The leading futures ranged as follows: