The Montgomery advertiser., 1904-11-01
CHICAGO GRAIN AND PRovrsIoNs

1 CHICAGO, Oct. 3i.-Exceedingly liberal | shipments from Russia a cause of ac-
 all cash grain intensified depression. As result December wheat made a net decline | of 1h91&c May is off &c. Corn Is up
 shade Oats are down Ac and provisions Extreme weasress acharaeterized trading 1 in the wheat pit throughout the entire ses-
 strongly impressed pit operators was the ex- eeedtng heaviness of Russian shipments for
 last week. exports from that country being 6.l44.000 bushels. Total worlds exports
 were 1l,ocooo0 bushels. which was 1,600.- 900 bushels more than had been estimated
 by leading English crop statistician The enormous movement from Russia overcame
 considerable reduction in the amount shipped from India and Australia. The do-
 nestle situation was equally as bearish that receipts instead of becoming smaller in the near future, were likely to become larger. A seeming confirmation of these rumors was furnished by today's arrivals which, while trifie less than the receipts of the corresponding day a, year ago. wero The weakness of all cash markets and the poor demand for, four was an additional | source of discoufagement to holders. At
 H@ Ac at 1.11N 0i.IiN May was down
 selling pressure was immediately brought to dation continuing heavy from start to fin ish. With an entire absence of demand of any adequate sort, prices steadily declined.
 The downward tendency was checked tenn | porarily about the middle of the day by covering by pit traders who had sold toe
 vigorously earlier in the session. The cause | of this demand was apparently the sur prisingly small increase in the visible sup. ply. The rally was short lived. however,
 renewed profit taking inaugurating another | retrograde movement of prices. The low point on December wcs reached shortly be-
 fore the close. when the price touched 1 10
 @l :loM: In the meantime May declined to | .N0 aTa a1,As-
 at I. .t0ss Q i. 1oM, May closed at 1.10K Q
 i.1o Ciearances of wheat and flour were
 sage decreased s.2slooo bushels. while the visible supply Increased 1,23s.000 bushels. Primary receipts were 1s52s.3o0 bushels. | compared with I.7bI,ido a year ago Min
 neapolis. Duluth and Chicago reported re- Il ceipts of 1,2OS cars. against s5S last week and 1.446 a year ago.
 | Considering the sharp break in wheat prices the corn market held remarkably l firm. Early in the session sentiment was l somewhat easier as a result of moderate selling due to the weakness of wheat and of
 the excellent weather conditions, but later Il all of the early loss was regained on fair demand. by commission houses. The oontin- ued smallness of primary receipts is po- | tent bull influence. The market closed firm and at the highest point of the day De-
 csmber opened < 9kc to X Q Ac lower at closed at the latter figure. Local receipts, | 30 cars ' contract grade.
 1 Oats were trifle easier in sympathy with the weakness of wheat. A decrease of As6,-
 900 bushels in the visible supply checked the declining tendency. After opening Mc
 lower at 2SS. December sold between 2SA
 and 2s% and closed at 2sk. Local receipts | 131 cars.
 The feature of trading in lard was a drop | of 70 cents in the price of October lard | The decline was a result of liberal stocks | The market in general was affected by in- ! creased receipts of hogs and lower prices 1 at the yards. At the close January pork 1 was off 2hc at l2 70. Lard was down a1A
 gsc at 7.o2h Q7.O5. Ribs were 2Mc lower | at 6.42.
 Estimated receipts for tomorrow: Wheat, I 13i cars; corn. 1l7 cars; oats. 1s6 cars hogs l IS,o00 head.