The Montgomery advertiser., 1904-09-20
CHICAGO GRAIN AND PROVISIONS.

CHlCANIO, sept. 1y.-Wlth WOrlu Snlp- ments increased and larger primary re- ceipts. liberal profit taking in wheat today resulted in net decline of 1hc. Corn is off a 9sc. oats down hc and provisions show a gain of 2 F q 10c
 In spite of a number of bear influences, a firm selling prevailed in wheat at the opening. December being up shade to 1ac at l.09b to 1.091s gl 09h. and May & 4 lac to & &c higher at 1.11H @1. 1%. The initial firmness was due mainly to good demand from traders who had settled short the early part of last week. There also fair buying by commission houses reports of unfavorable weather in the Canadian Northwest. The gist of the news a hand. however. was largely in favor of the bear element. Receipts in the North west continued to increase and this fact furnished the principal motive for the heavy selling that developel Liberal sales of long wheat started prices on the down grade and the execution of stop loss orders ac- to 1.Osh and May to 1.1ob. Toward the middle of the day the market again be- came strong cold. wet weather in Manitoba bringing out a good demand from some of the big commission houses. On the rally December advanced to 1.1012 and May to 1.114. Renewed profit taking. however, resulted in another reaction fair in mary receipts were influences that had a weakening effect. With extreme weak ness at Minneapolis the market here be- came decidedly heavy, December selling off to 1. OFF, and May to .09h. December closing hc lower at l. .07 X e .0S and May at .QY S e ]. lU. OlearanceS eQualed 6b,JOU bushels. The amount on passage decreased 1.696. 900. and the visible supply increased Ss5,Ooo. Primary receipts were 16S5.9O0 against 1.31s.6O0 a year ago. Minneapolis, Duluth and Chicago reported 1,047 cars, against 6TS last week and 997 year ago
 ASsharp bulge in corn prices occurred result of a report of Minneapolis expert claiming the total yield would fall short of the Government estimate by 300, ,000 bushels. The situation was further strength ened by report of a local staRstcian es- timating the total crop at less than two billion bushels The advance failed to hold. however. many traders being inclined to place confidenAe in the Government figures. The market became decidedly weak late in the session. the close being practically at the low point December opened lac lower to 1sc higher at 50ls G60A, ranged between 49M and 51A and closed at 49@s @49&. Re- cepts 561 cars, 46 contract grade.
 Steadily increasing supplies a de- pressing influence in oats. Prices were irclined to follow other grains downward. Tla market closed at the low point. De- .mper opened unchanged to shade high CT al 32Ss to 329s Q32&. sold between 321s and HS27s, closing at S2B. Receipts. 202 cars.
 The fact that hog receipts have not in- creased to any great extent since the settle ment of the strike had a strengthening in- fluence provisions. There a good demand from packers. but offerings light. January pork closed lac higher at 12. 75 Hard 1oc higher at 7.12i. u7.15, and ribs 2la6l nc higher at 6.65.
 Estimated receipts for tomorrow: Wheat. ITO cars: corn, 696 cars; oats. 311 ears. hogs 17,O0O head.