The Montgomery advertiser., 1904-01-26
Treasury Statement. WASHINGTON. Jan. 25.-Treasury balances S227. 386. .247; gold, Se3. 65e, ,2eo.
Chica Grain and Pr visions.

S4ASc NkdAA anu T. VlSl0uS,
 CHICAGO. Jan. 25.-A sensational break of 3ssc occurred today in the price of May wheat Sales Of millions of bushels for May delivery by the interest that had been actively sup porting prices was the prime factor in chang ing strong market into one of utter weakness There was a little recovery from the low point but the close was weak with May 2c un- der Saturdays final figures. Other grains suf- fered with wheat. May corn closing at a loss Of 1sc and oats &c. Provisions ruled strong and closed 7h@I7lkc higher
 Extreme cold weather gave rise to appre- growing plant was probable As a result there was an urgent demand from shorts at the opening: May was &Qh to I@lhc higher at and the price rose to 92%. But at this figure the wheat began to come out. The selling was Increased by the late Liverpool cables which showed some weakness and also by the large worlds shipments. The climax was reached on heavy selling by brokers who were said to be acting for Armour. In consequence of this holder the market started to break Enormous quantities of wheat were thrown upon the market, the big long alone being credited with dispostns dn o of anywhere from l.soo 900 to z, had subsided May was down to Se, drop of 3%c from the high point Shorts became ac- tive buyers on the decline and the demand from this source advanced the price Q cent More wheat came out, however on the bulge and another reaction followed. The clos swas weak with May 2c under Saturdays close d
 
 opening %9hc to Ix9IKo higher a4 e2k@ s3M, advanced to a3M, but declined to RiM Tn eclose was xc lower at 0lM@0I&. Clear ances were 667, 900 bushels. Primary receipts were 7ee. 900 bushels. The amount on pass age increased 2224oo0 bushels while the visible supply decreased 237. 600 bushels. Min neapoiis, Duluth and Chicago reported 4ol cars, against 665 last week and I.oo3 yea ago.
 In the face of the big break in wheat corn showed surprising strength. Influential buying by local traders the poor showing of the grain coming in maintained a firm tone during l the early part of the session Later. however prices were unable to withstand the severe strain caused by the slump in wheat and or easier tone prevailed, although the selling was Cnly moderate. May opened h6Mc higher al 9%94eA, sold up to 5ox and after react. ing to 4S7S closed at 4sb. Receipts. 430 cars contract.
 There was a good demand for oats through out the greater part of the session, offerings being we'll taken until near the close when the selling became too liberal for the demand. A slight decline experienced late and ar easier tone prevailed. The bull leader was again an active supporter of the market. Small receipts and an excellent shipping demand were bull factors. May opened hc higher at 42k advanced to 42h and after declining to Al closed at 4I%. Receipts. 246 cars. The feature in provisions was liberal pur- chases of lard by an outside concern. As a re- suit of this demand prices showed good gains There considerable realizing on the ad- vance but the close was strong with May pork up I5c at SI347h; lard l6Ql7hc higher al $7. 5o@7. 52h, and ribs 71ec higher at S6 SoG 6.s2h.
 Ths leading futures ranssA e FOgIsvs,