The Montgomery advertiser., 1904-02-03
Chica Grain and P-: .isicns.

~~~@S@s &kU1h huu sAStCuSs
 CHICAGO. Feb. 2.-Tradihg on a mammoth scale was witnessed today in corn and oats
 Manipuiation by prominent operators caused q marked advance in both cereals. May corn shoWeu nnal advance of lh and oats of tsqAc Wheat prices were affected largely by the strength in coarse grains. May wheat clos ing %gIc higher Provisions also were strong. the May products closing l71a145c higher.
 A remarkably broad market in corn developed almost at the very opening. The keynote ap- parentiy was sounded when the representative oI the interest that Is supposed to be long On May wheat began to buy May corn. Large commission houses also were liberal buyers. The advance resulting in prices for corn was certainly not lacking in celerity. It was es- timated that during the buying furor upward of 1000 900 bushels of May was taken by one house. Shorts were also the buying side. from Liverpool to the effect that American corn was arriving there in poor condition. There was also considerable complaint in the opened h@kc higher at 5o%@5l and after selling at 6o&45oK steadily advanced to 52h, where there was considerable liquidation by smaller holders. but offerings were taken with activity and little effect was made on prices. The active demand continued during the en- tire session and the close found May I9lH higher at 5tB. Receipts, 6S3 cars.
 A new record mark was scored for May oats, the price today reaching 45Hd45N. There was enormous selling for profits by the largest back on the breaks The market throughout was excited and cratic. The fluctuations were controlled chiefly by the dictates of the prin- cipal long and the market was highly sensitive to Nany impetus which the bull interest saw fit to give. The opening was strong with May h9hc higher at 44h944% and within the first hour rose to 45N045%. at which point there was selling by the big holder and a quick reaction to 44A followed. With a renewal of support from the bull another upward move ment was commenced and the price was soon again at AS. Trading continued on a large scale the entire session. The close was strong with May h@%c higher at 44Tsa45. Re cepts, 22o cars.
 Trading in wheat was moderate decided ly strong tone was manifest Early factors in starting the advance were strong English mar kets. reports of damage by unfavorable wealth in the Southwest and the apparent conges- ton in the market for coarse grain. May and quickly rose to 9l%. The advancing ten dency, however, was soon checked com mission houses who were supposed to be act ing under instruction of the leading long. The market gradually receded under this selling until the end of the first hour when May was again at 9tk The large decrease in the worlds available stocks brought out an ac- tive commission house demand late and prices again started upward aided by the strength fin other grains. May advancing to 92. but real izlng sales caused slight reaction and May closed BGlc higher at eI%d9l% July sold between S27s and S3h and closed 1x6%c high CT near the top. Clearances equaled l23. 900 bushels. The worlds visible supply showed decrease of 2.50o. 900 bushels Primary re- ceipts were 664. 800 against 593. 400 a year ago. Minneapolis. Duluth and Chicago reports 332 cars. against 2l5 last week and 3l5 year ago. Provisions ruled strong on active covering by shorts together with heavy buying for invest ment account. The o~Aning was strong and influenced by higher .logs. The selling was higher at Sl3.45 after ranging between SI3I5 and Sl $50; Max lard was up 2Oc at $7 50 and ribs I71k@2oc higher at $675
 The leading futures ranged as follows: