The Montgomery advertiser., 1904-10-23

shorts Later when 1t became apparent that purchases could readily Do made with out advancins prices support I from a.,,,ss sn.s declined under the continued selling pres sure
 real guide to contract prices and litfie en- couragemept is offered from this source. Ideas of a very large crop are becoming more popular, even among operators wno have previously held opposite opinion The staple has less friends than when val ues were . cent or more per pound higher. and on account of the increased short tn- terest q reaction should be observed. but with q continuance of excellent weather. sales on such advances should prove proft able.
 rrFrcAGO GRAIN AND PROVISIONS.
 CHICAGO, Oct. 72.--Foiiowing quick advance on covering by shorts the wheat market today made ss sudden decline on heavy iIquidations. At the close both De- cember aud May wheat were down Sc. Corn and oats are each off hc. Provisions shows almost change.
 Under the influence of indifferent cables the wheat market opened with somewhat easier feeling. December being e shade higher to k@Nc lower at i.I5N 9i. .1Sh. May was shade fn,E,.. higher so k@Ss 'Swss ss moderate sellers as the start. Aiiured by the small decline. shorts soon became ao- tive bidders for the December option. Not enough wheat was offered to supply the de- mand and in consequence prices made . rapid advance. December quickly rising 10 i.1eH. Meantime. May sold up to 1 15x. tion was the chief underlying factor affect- tng early trading. On the advance there was heavy selling by leader of the bull crowd. conservative estimates placing hts total sales at nearly . million busheis. most of which was May. Alarmed by the persis- tent selling. pit traders changed front and sold freely. and prices declined rapidly. influence late in the day. yThe market closed practically at the lowest point of the day. with December at f.i5@i.1sM. Final quo for the day were ss.soo barrels Of flour. Primary receipts were 1.S44.ooo busheis. compared with 1.o57.soo bushels a year ago: Duluth and , chissso .ss wssS and 772 a year ago.
 Firm cables and . good cash demand caused some degree of strength in corn by scalpers. With the break in wheat, how ever. the corn market lost its initial firm- ness. Predictions of clear, cool weather also helped to depress prices Trading throughout the day was of smalf vaiume. December opened shade to hc lower at 4sH. sold off to 4sH and closed at 4sh o 4s&. Local receipts, ii3 cars. contract.
 Little interest was manifested in oats. the market being governed almost wholly by the action of other grains. After opening soId s off to ssx and closed at the low point. Local receipts, 1i2 cars.
 The early provision market was strong on buying for outsiders and by local shorts. Offerings were light until the grain mar kets showed a tendency to weaken Then some of the early buyers sold out and the greater portion of the advance was lost. Small receipts of hogs and higher prices at the yards were bull factor. At the close January pork was unchanged at .55. Lard was up 2h 15c at 7.271s Ribs were up a shade at 6. .55
 Estimated receipts for Monday: Wheat, s4 cars: corn 7s cars; oats. l5i cars; hogs. 3i, 900 head
 The leading futures ranged as follows. ARTICLES Open. High. Low, Close