The Montgomery advertiser., 1904-02-04

sold so high in this market either for spot or tnture delivery since June. 1858, in which prices being paid are the result of the big deal in May being engineered by Armour. May sold today at the top price Of the season- sS4-a gain of 2Sd2ss over yesterdays close. 1he advance was accompanied by covering or shorts and much speculative excitement itlces for corn, oats and provisions also were s Goins some lofty climbing. May corn was up 5B 10 5ec; May oats sold i6iA, a gain or lhal& and May pork to Sl37o. q gain of 25c. The display of bullishness was said 10 De largely the result of buying by spectators who have made big profits In cotton and have, now transferred their dealings to the grain and provision markets.
 Wheat gathered fresh impetus during the night from foreign news indicating that war between Russia and Japan seemed now i'm eVtapie. Great activity prevailed in the pit and prices were on higher plane May was ngAc higher at s2Ge2h. while July was up h9% at 53h9S3%. There was a good de- mand for both deliveries and commission houses were unusually active the buying side shorts were also liberal buyers and 1t was oalimed that hal ( million bushels of May wheat were taken by the principal long inter- ests. oneffngs were comparatively light and with such an urgent demand May rose rapid " to S3c. At that figure long wheat came, mainly from scalpers and before the end of the first half hour May had reacted to s2%. Only very small demand. however. was nec- essary 10 again start prices upward. Shorts continued to buy freely and purchases by com mission houses were a feature. Step by step the price forged ahead Late in the day May showed a gain of 2&Q2K over yesterdays final figures and sold at o4lk. new high ord mark. July also maintained it's winning gait and advanced to s5as5h. a gain of 9 MI% over last night. There was considerable profit taking during the last half hour and in consequence the market suffered some reac-- tion The close. however was strong at 53& Q53A, a net gain for the day of 2c July closed at s4&. I%c higher Clearances equaied 4l 500 bushels. Primary receipts were 555- 200 bushels compared with 422, 800 a year ago. Minneapolis. Duluth and Chicago reported 226 cars. against 322 last week and 235 year ago.
 The corn pit was the scene of repetition of yesterdays enormous trading. The volume of business. fin fact. was large that the mar ket was extremely hard to follow. One of the most notable features was the heavy buying of May by the prominent operator who is said to be practically in control of May wheat. Wall Street traders were said to be investing heavily in corn. At times the market took precedence over wheat and larger gains were made in this pit than in either of the other cereals The opening was strong, influenced to some extent by higher cables, May being up hQ1s at 52h@529s. Some of the large bull houses sold moderately early. but the offer
 ngs were eagerly taken by shorts and prices held firm. Within the last few moments May sold at 55c. a gain of 3h over last nights close Final figures were at 54Ba55. Receipts, P1j cars.
 Oats lost some of their independent strength today. but the situation still remained bulish. There selling credited to the princlr al holder. but the commission house trade was better than for some time. May opened a shade lower to a shade higher at 44Am45 Tho early trade was moderate and without spicuous feature. shorts being the hest buy CTS. With the sharp advances in wheat and 0O~n, trading in oats became more active ard r~tces rose steadily, May selling to 46E late. Some reaction occurred on realizing, bu. the close was steady with May 141%c higher at 45. Receipts. S7 cars
 Provision nrices moved upward sharply on a big trade There heavy liruidatinn by those houses which have been successful on the bull side ot late. but there was enough buying to take all the OHeringS. It was reported that Eastern speculators who had made large fortunes fin cotton were investing in provisions in view of the critical situation in the Orient The opening was strong on higher hogs, May pork being up 2hGp7h at S13 47iASb13 52Ls. The best demand for pork and that product led the list in tho advance After selling between $13,47h and $13 70 the close POO higher at st3 6. May lard was sold between s7 55 and $76'1@sN7S S5, ar1d closed with gain of 7ibei1Oc at $7.57H@7. 60. Ribs closed at ss.sOd6. s2is. gein of 5a71ac after
 Tine leading futures ranged as follows: