The Montgomery advertiser., 1904-09-14
CHICAGO GRAIN AND pRovrs,oNs

SniSAGo, sept l3-Killing frosts caused sensationally odllish trading in wheat and corn today. At one time all de- uVeries Of wheat were 4 cents above yester- sor,v oays ;aS, E1Ssins s an adyance Of cents in at lls& G11sS. a new high record mark for the season. December advanced to & llsk;, At the close wheat prices were up over cents. Corn was up almost cents: higher.
 Intense excitement prevailed in wheat at the start with apparently every trader an avowed buyer. The demand was so urgent and offerings limited that all deliveries Ser bens up asnts sa m at as 0Penn g114A and May up 1M to 2A at 115% Qi:16% The cause of the turmoil was a cold wave which spread owe, the Canadian Northwest last night, practically ruining much of the wheat still standing. In Mani tooa the loss is estimated at 25 30 per increased by the strong tone of cables, sharp advances abroad furnishing indca- tions of universal alarm regarding the American crop. The buying was of such a heavy scale that it was almost tmposible to follow the market As the session ad- vanced causes of fresh grief for the bears DO per cent. decrease compared with a year ago. and private advices from the Northwest regarding threshing returns were distinctly disapointing Prices rose rapidly. transactions. The high point on May was reached at 11S%@1.1s%. nearly 2 cents K. cember was correspondngly strong, advanc- ing to 1.16I. The uusual activity con tinued throughout the session, the market closing equaled S5.100 bushels. Primary re- cefpts were S91.000, against 1.606.400 a year ago. Minneapolis Duluth and Chicago re- ported 671 cars, against l.00S last week and 1.1S9 year ago.
 The upward flight of wheat prices acted like tonic on corn bringing out Liberal buying by shorts and heavy purchases for investment account. The action of wheat however, was only a matter of secondary importance, the dominating influence being prediction of frost tonight throughout the West great part of the crop is still ma- turing and a blighting frost 1t Is claimed. would cause enormous damage. The official forecast for heavy frost in the upper western part of the Mississippi Valley with light frost far south as Kansas. During the day offerings were exceedingly light coming largely from small holders who were willing to accept a moderate profit. ~ ~>ecember opened % Q11s cent higher at 52 53h. With the announcement of tho Weather Bureau prediction the price quick ly went up to 54b Q54A. A small reaction followed on profit taking, but the market closed strong with December at 5317. Re- ceipts 73S cars, 37 cont. .'act.
 Oats shared in the general bulish senti- ment. Trading was active and fairly lib- eral. A big increase in stocks prevented any sensational advances. December opened OK higher at a2% 032%. sold up to sax and closed at ?SA. Receipts, 240 cars
 Provisions were weak early as a result of continued realizing of October holdings Later there was little furry In January pork on active covering by shorts the ad- vance extending throughout the list. Pros poets of a heavy loss to the corn crop also helped to support prices. The market closed firm with Janua.y pork up 25 cents at Sl265; lard up 2i3 at $715 and ribs ' Ia 4l0 cents higher at s6.G2ia d665.
 Estimated receipts tomorrow: Wheat lss; corn. 5lo; oats 124; hogs. SOOOO head.