The Montgomery advertiser., 1904-10-26

cent reports of frosts in the cotton belt and fcatureless market prevailed Options finally gained from to points on the day and spots were unchanged
 Our early Improvement was due to the very heavy rains in Texas and other unsatis- factory conditions shown by the weather map and forecasts and the knowledge that spot buyers were active. Fears or very bearish gnners' report operated as cneck to further advances. The weekly weatner report has depressing influence on prices. as conditions existing during last week were exceptionally favorable. The frosts occur ring in the northern and eastern sections of the cotton region were. on account or the advanced stage of the crop, without detrimental effect. The ginners report was too incomplete to be of much significance, although the few counties from which re- ports were received show a large increase in the amount ginned, and when the per centagc of gain Is applied to the whole, the result was disappointing to those bearishly inclined Some improvement in values foi- lowed this construction of the figures fur nished vales are experiencing just such a reaction as has been expected and tho improvement will have to be accompanied by a continuance of the recent better spot demand or declines will most possibly sue. At the present time. we are inclined to the opinion that sales cn bulges will af- ford the best returns. although moderate profits should be accepted.
 CHICAGO GRAIN AND PROVISIONS.
 CHICAGO. Oct. 25.-Reports of a possible
 
 caused decline of %c in wheat prices here today. The market closed at the lowest point of the day. Corn Is up %c. Oats are no shade. Provisions are 12M @22hc
 AS result of easier cables, sentiment in the wheat pit at the start was rather bear ish. December being off < Q %c at 1.15h Q 1.14h. Local longs had considerable wheat for sale, mostly for May delivery. The May option as result showed greater weakness than December, selling off to 1.14k. Tater the market rallied considerably on covering by shorts. who bought freely on smallness of he primary movement and on reports of wet weather in the Canadian Northwest. On the upturn December sold at 1.i5 and May at LBS @1.14K. radical change in sentiment was experienced late in the day a the result of bearfsh advtces from the Northwest. where a heavy decreas in flour trade was reported. rumor was circu- lated that Minneapolis mills would be com pelled to shut down owing to the slackened of wheat bv houses with Northwestern con- nections seemed to rive additional weight to depressing reports Before the decline was checked December had dropped to 1.14x closed extremely weak with December at 1.14h @1 .14%. Final quotations on May were at 1.13%. Ciearances of wheat and flour were equal to 23.0oo bushels. Ths worlds visible supply as shown by Brad streets. increased 3.50o.o 900 bushels. Pri- mary receipts were 1,1l4,70o bushels. com pared with l,229, 100 bushels a year ago. Duluth and Chicago reported receipts of s57 cars against 1.15S last week and 972 year ago.
 Sentiment in the corn pit early in the day was trifle easier as result of ideal weather conditions and lower prices of wheat. The market. however. quickly re- covered from the slight initial depression the advance having its inception in a strong cash situation. Light country acceptances also aided the upturn. December opened unchanged to Ac lower at 4sh Q4s%. sold up to 4s% and closed at 49h Local re- ceipts. 50 cars. 15 contract grade.
 Oats were firm with local traders inclined to the buying side because of the bullish trend of corn A decrease of 347.o00 bush els in the available supplies for the week as shown by Bradstreets was a bull factor. After opening a shade lower to 28%c De- cember advanced to 2s@291s and closed at 2Sx. Local receipts. 172 cars.
 Provisions were weak under the influence of persistent selling by pit traders A de- cline of 10c in hog prices had considerable effect on provisions. At the close January pork was off 22hc at 12.32h. Lard was down f7hc at 10. Ribs closed with loss of 12hc at s.42h.
 Estimated receipts for tomorrow: Wheat, 80 cars; corn. "a cars; oats, 66 cars; hogs, 26,000 head.
 The leading futures ranged as follows ARTICI ES. Open High Low Close