The Montgomery advertiser., 1904-08-27
TREA6URY BALANCES. WASHINGTON, August 26 - Treasury balances, $147,524,545: gold. $4s,ss5.ls7.
CHICAGO GRAIN AND PROVISIONS.

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 CHICAGO. August 26.--The course of wheat prices today was like the path of a rudderless ship. Veering upon slight i'm pulse. the market finished K 02c better than the previous close.
 Wheat was extremely nervous throughout the session. September started 1hc lower at l.O4 to 1.o4h. The weakness was at- tributed to appearance of frosts in the Northwest and to unexpectedly heavy Ar genuine shipments. disposition to take profits was shown by outsiders who had versal of feeling was started by private ad- vices which, if true, indicate more em- phaticaily that the Manitoba crop will be considerably shorter than that of last year The Northwest bought ,n this market on the strength of the shortage news. As re- suit of frightened shorts began to cover lines. In few minutes Sept. wheat had advanced l&c to l.osx and December % to 1.06h. The trade seemingly IS rapidly getting outof the nearer ,,I month th and the attention. Renewed taking of profits re- suited in Q sudden decline. Soon septem- Der was back to 1.04%. with December down to 1.o5%. At these prices another bull wave overtoo kthe market and the best prices of the day were recorded The strength attending thisylast reaction contin- ued until the close. final quotations being for December. Bradstreet's exports since July show decline of s.7soooo ousneis. as compared win a similar period of last year, Ciearances of wheat and flour were equal to 53.soo bushels. Primary receipts were s24, 100 bushels. against 7so. 800 last week and 61s.10o year ago. Minneapolis. Duluth and Chicago reported receipts of sol cars. against 12s last week and +sa a year ago.
 Corn opened fractionalIy unaer the pre- vious close, chiefly because of the weakness of cables. September started unchanged to hc off at 52hQ53. December was down Ac to ha @ Sc at SIX @51*c; Liquida- ton by September Western holders soon brought out a further decline to 52 and 50&. There was many who appeared to be- lieve that the probable corn crop had been at the decline. This started prices back toward the opening fixtures and with the inn provement shorts hastened to cover their sales Then the wheat upturn added its September corn touched 63S and December 52M. The close was firm at 53k and 5IE. the recession from top figures resulting from profit taking sales. Local receipts were 304 cars.
 Oats in a general way held the eourse of corn. although trading was without dis tingushing feature and price changes were in a narraw range Commission houses mad were taken advantage of by thfAshorts and a steady feeling prevailed. September start ing @ hc lower at 32k a32%. dipped to 32, rallned to 32% and closed at 32%. De- 33k @33n, sold between S3A and 3341 E. closing at S3%. Local receipts were 234 cars.
 In provisions trading was mostly iH the way of changing from September to later deliveries by outsiders. Local traders were chiefly on the selling side. Final quotations showed loss of 21h a 5c in September pork at 1l.55@1157k. Lard was off 2hc at 6.S7h 96.90. Ribs were down 2h csc at 7.32h.
 Estimated receipts for tomorrow: Wheat 1Os cars: corn. 3ss cars; oats. PTS cars; hogs 5000 head.