The Montgomery advertiser., 1904-02-06
Treasury Statement. WASHINGTON. Feb. 5.-Treasury balances. S227, 2o7. SAP; gold. Se9. .oe5, 353.
Chicago Grain and Provisions.

CHICAGO. Feb 5-War tension today over came violent setback in grain prices dIe to enormous realizing sales. Losses of % a bushcl were made in the May deliveries of wheat, corn and oats. But the war news off, set al lother influences and caused recovery or all the lc@s, closing prices being at the top. Compared with last night tOday's final figures were 3sG1ac lower for May wheat 1kc higher for corn and oats unchanged. Provisions were easier. the May products closing 56I712c low CT. Exceptional activity displayed in the wheat pit at the opening. Prices were
 tremely cratic and showed wide fluctuations
 owing to the acuteness of the war situation
 shorts appeared determined to even up busi-
 ness with little regard to price. Tn this eff
 fort May was forced 1ac above the high rec
 ord mark registered yesterday the opening be-
 inG %Gl2c lower to i3d3sc higher at 95@96.
 July was a shade to la05sc lower at 95h6S5%.
 Within ten minutes from the time May had
 touched e6 the price had fallen to 9312. and
 July to S4Is. After the first minute two
 of trading there flood of long wheat
 poured on the market and 1t seemed though
 everybody had wheat for sale. Under this
 heavy pressure prices began to decline, stop
 loss orders coming out increased the downward
 tendency and for a time the situation looked
 extremely critical. The leader of the bull
 crowd, however supported the market the
 break and 9 fair rally occurred, Outside of
 the signs of the impending war the early
 contained several items of exceedingly bcarsh
 Import Receipts in tho Northwest and South
 west were heavier than last "Car: weather
 conditions the Pacific coast and in the
 Southwest were materially improvcd ArgeiI-
 tina reported much more liberal shipments. These factors were influential in bringing out
 lot Of July wheat and incidentally had de-
 pressing effect May. Fresh war rumors
 circulated late in the da;, resulting in another active buying movement The demand became so- urgent during the last few minutes
 that the early loss was all regaincd. Just be
 fore the close July sold up to 96h and closed
 at s5sa96 gain for the day of 4c May closed at 95. loss of 3sdi3c. Cearauccs
 cdualcd 2o7, ooC bushels Primary receipts were 559. 700. against 726 700 year ago.
 Minneapolis, Duluth and Chicago reported 36l | atruf 1n-t 1,,I ago.
 Aside from the heavy liquidation early the
 most conspicuous feature in the market
 was the relative strength of the July delivery. Heavy selling of May by some of the promi- nent holders caused a severe break early in tho session. The violent decline in wheat prices was the prime cause for similar tion on the part of the corn market The open ing on May was unchanged to t2c lower at
 55hd56. Prices immediately started down. ward and befo-e any support materialZed May had sold off to 54Ss. There some intlu- ential buying on the decline and q partial re- action made Late in the day on active buying brought out by news. the market became exceedingly strong and prizes advanced abov ethe opening level. May cIcscd 1sc high CT at 56Is after selling at 561s July ranged
 between SIS and 53l2, closing with gain of a4dl7s at 5Ss. Local receipts were l8e cars none of contract grade
 Oats followed tn" course of other grains sui fe~ing sha: D setback during the first hour of trading. Heavy liquidation marked the rarly trading, but as the session advanced less pres Surc to sell was manifested. The market ral- lied during the last half hour in sympathy with wheat and corn and the close was about last night's figures. Tho opening on May was hdi4c lower at 46d46ts and after dcclin- ing to 44h the price held steady until near the close when it advanced to 46l,. The close
 vas at the ton and on level with yesterday 8 C'oSc. Local receipts were 9S cars
 Trading in provisions wHs activc. hut a weaker tone prevailed. The decline in tho grain pits and lower prices for hogs had a depressing influence carly in the day and the ! market unable to regain losses sustained urder liberal liquidation at that figure. The | close steady at small decline. May pork being off l22 al SIS 60. May lard was down i q at S755, while ribs wc"e 2.c lower at | Ss77's.