The Montgomery advertiser., 1904-08-17

ing on the claims or wet weather In the eastern section of the belt steadied the mar ket. Trading was quiet and wholly pro- fessional The cotton belt reports that the cotton prospects along the line continue to improve. Favorable weather has helped the crop and picking will be general south of Tyler. Texas. this week. They expect to commence moving the new crop about the 2and of this month. which is three weeks earlier than last year. The movement this month is expected to be fair with a heavy movement of cotton looked fof in Septem- Der. With increasing receipts in the South and continued unfavorable reports from the dry goods districts a continued absence of any outside demand and with increasing re- ports that the Fall River strike will prob- ably last over until the latter part of Sep tember. 1t is difficult to see what basis an extended rise can be expected. The con- sideration of these bearish features offset whatever there is that may appear to be buliish in the statistical position at the mo- ment and the deterioration that Is going on in the condition of the crop. As con sequence the market continues dull with a continued dragging tendency. We look for lower prices this week.
 CHIcAGo GRAIN AND PROVISIONS.
 CHICAGO. August 16.-A new high record for the season was scored today in wheat. The market closed strong at prac- tically the top. with gains of 2h G2& net. Corn Is off O %. Oats are hc down to hc up. Provisions vary from 17hc loss
 The rise of wheat prices came in with great waves of buying throughout the day. the accompaniments of dispatches received. each increasing calamitous in suggestions of ruin to the spring wheat. According to the dispatches current, the prospect of enough for bread and seed appeared to be mere sickly glimmer. The markets of making. Minneapolis was not only up sen- sationally. but the number of buying orders sent from there were larger than for sev. eral weeks past. Crop news from some of the experts who are now going over that country were worse than ever before and the manner in which the buying orders came in showed apparently that many sec tions will likely prove heavy losers There was more or less talk of damage in Mani toba by rust. but from that section the re- ports were conflicting. A special from Win wheat is being cut in many localities under the best conditions and that the damage reports are unwarranted. The popular movement in wheat was to buy the May and sell September. The market opened with sales at .03h to 1.o3% for September. sold from 1os% to 1.04h, to 1.03h. to l.o!N to 1.oS%' to i.o5%. and closed at 1.05h 1.05h
 The reason for yesterdays strength in corn was washed out by rains that had fallen meantime in places which 1t was said the day before must have rain or suffer permanent injury to the crop. It might perhaps have gone worse with the price if the market had been less strong The feel Ing was of nervousness to the last. There was profit taking on the hard spots. checking the advances and causing the set back. The local crowd sold corn freely early on the scattered rains in Kansas but were buyers later on advices from Illinois. Missouri and Kansas that corn Is firing" September opened at 54A @54h, sold to 54h. to 54%, to 54B. to 53s. to 54. closing at SAX.
 Prices for oats advanced A @hc, but re- acted and closed Ac lower to bc higher. The feature was increased trading in May. which was bought extensively by commits sion houses This met heavy heavy selling for profits and prices receded. September opened at 34A @54k. sold to 34h. to 34%, to 34N. to 34% at the close.
 After a strong opening in sympathy with advances in hogs and wheat. the market for provisions weakened on heavy selling of ribs and pork Lard. however. did not participate to any extent in the declining tendency of the other commodities, being upheld by buying for foreign account on a fairly liberal scale. The market closed steady. with September pork 7hc down. September lard 2kc up and September ribs off 12h 915c.