The Montgomery advertiser., 1904-05-15
Caldwell. Ward a Co.,. Market Letter.


 NEW YORK. May 14.-pue to some seiI- ing from the continent and at Alexandria Liverpool closes very disappointing but in the face of this New York.s opening was decline. but the market held fairly steady all during the day. Weather and lack of moisture Tn the south Atlantic and eastern Gulf States discouraged any special bear efforts in the far months. While there Is some fear expressed to a continuation of cool weather the belief is general that t is practically too late for killing frost and there Is encouragement for a buliish
 move. Spots have remained lifeless now for some weeks. The demand is almost nil and if spot buyers hold off on a drop to 13. 2s for July 1t may be July may settle to IF cents before demand will again become a factor. At present 1t is a significant fact that prices of futures in New York are under prices of spot cotton in the South As contracts usually rule above spot quota tions the unnatural Chinese depression may be noted. On New York's close tonight Liverpool is due to come to up Monday.
 CHICAGO GRAIN AND PROVISIONS.
 CHICAGO May H.--An estimated heavy decrease in available stocks imparted firm ness to wheat to-day and final quotations were unchanged. Corn is down k0%c: oats are off hc and provisions unchanged
 A firm tone manifested in wheat at the opening. decreased shipments from Aus tralia and reports of drouth in the Danub- ian territory being largely responsible for the improved sentiment July opened hc lower to hc higher at sax @s4. shorts were fairly active bidders at the start, but offerings were rather limited and July sold to S4A. The weather was cool in the West. with light frosts in many parts and this had cons derable to do with the early flrmness number of bearish reports were received from the Southwest late, causing general selling under the influence of which July declined to S3h@S3&. rally fol- lowed on covering by shorts who were somewhat disturbed over predictions of a liberal decrease in the visible supply The market closed with inclination to firm ness. July being at S3& @S3B. Clearances equaled 4S290 bushels. Primary receipts
 were 155,200, against 215.700 year ago. 91 cars. against 125 last week and f57 a year ago.
 Corn was Strong early on active commis- sion house demand. the large cash business of yesterday, together with small local re- ce.pts. being the chief incentives to buying.
 Later favorable weather and predictions of increased acreage caused considerable sell ing, which resulted in a decline. The mar ket closed weak and near the lowest. July opened unchanged to hc higher at 47% O
 47%, sold between 47h @47% and closed at 47A @47%. Receipts. 70 cars. contract. | An easier feeling in oats late in the ses- sion was due to the weakness in corn. Un- til the break in corn occurred there was some good local buying. which was brought out by small receipts and a fair demand. July opened a shade higher at 38h. ranged between 3Sh 93Sh and3S% and closed at 3SA 43S%. Receipts. S2 cars.
 Provisions were steady. notwithstanding the easier tone of grains About the only of lard by outsiders. The market received the benefit of firm prices for hogs July pork closed a shade higher at 11.17h; lard Be higher at 6.42h. and ribs up 2M at G 371s 96.4o.
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