The Montgomery advertiser., 1903-12-08
Chicago Grain end Provisions,

l NhlCAGO, Dec. I.-Conhicting reports from Argentina In regard to the weather conditions | in that country caused an cratic wheat mar ket Prices were influenced by the action of the leader of the bull clique. Active buying py that interest late in the day resulted in i a strong close. May being up M6h. May corn
 closed lower, May oats up h and January
 provisions from 2ls to I24c higher
 Wheat opened triie easier due to large worlds shipments and lower cables. May was | unchanged to 1sc lower at S29S2h There was considerable selling at the start owing to the oearlsh news and St. Louis houses led in the selling July firm on continued dry weather in the Winter wheat sections and the strength of the distant future exerted q sup porting influence on the other months Toward l the end of the first hour a good demand de- | veloped on reports of heavy rains in ArRen. tina which resulted in the market becoming strong with May up to 92%. Later rumors of a probable big increase in the visible supply together wit hlater reports from Argentina
 contradicting the earlier advices and claim ing favorable harvesting weather brought out an abundance of selling orders and prices again declined, May going to Sl%. Much of the selling was due to rumors to the effect that the Dig holder was unloading through com mission houses. There was an urgent den,and nd late in the day from brokers who were cred- ited With buying for the bull leader and with only small offerings another rally occurred and the close was strong with prices near the top May closing at 92kqS2&. Clearances equaled S9o goo Primary recenpts were ,460 700 against practically the same amount last year
 I,he, me amount on passage increased l,6I6ooo While the visible supply increased oO2 GOO MlnheapoHs. Duluth and Chicago reported = oTo cars against I,o4I last week and I,7Ie 0 year ago. '''> Corn ruled easier and trading was less ac. tlNe' weak cash market with larger coun- try acceptances and more liberal receipts than expected together with lower cables all com. bined to create bearish sentiment Proyi- sion interests and local traders were the pFin-
 cipsl sellers, while the demand came largely
 from shorts. After opening I66Ac lower at
 42%g43, May sold between 4215 43G4ah,
 tract "
 There was selling of May oats by local longs
 ana December was weak on heavy deliveries
 on December contracts and larger receipts than
 expected. The big decrease in the visible sup
 Ply and the late strength in wheat started
 snorts to cover near the close and the early
 loss was regained steady tone prevailing
 at the end. May opened hahc lower at 95T
 GSo and after ranging between 35H and 36K
 closed at the top Receipts 266 cars
 troNslons ruled firm, although trading Was
 qulet Hog receipts were much lighter than
 expected and this caused a better tone in the
 market at the yards and this Improvement in
 sentiment was reflected In provisions, Pack
 CTS were the principal sellers while the de
 mand came mainly from commission houses
 The close was steady at a small advance Jan-
 uary pork being up 2hc at SII; January lard and ribs each up 2la at SC. 40 and 5 90
 The eading futures ranged as folIoVss: