The Montgomery advertiser., 1904-10-12

could be shipped. Tn the latter part of the day ps,css ruled about points higher than
 Our market opened lower in sympathy with the rather disappointing Liverpool but the cause of the weakness abroad vas plainly such . local one and without any ly set in and was not checked until a sam of 1s psints had been established. Teie- grams from all over the South report re- ceipts st interior towns surprisinEly smstl while demand is active and prices every where higher. This is the stimulus which caused figures to advance until noon. when the Gcvernnisnt weekly weather report was port of any special interest certainly noth- inE to indicate an fncrease in the crop. but the bears took advantage of the statement that the weather had been ideal for picking and that the great bulk of the crop had been Eathered. They argued from this that the movement must necessarily be extremely heavy. but they are reckoning without their host. if we are to judge by the strong dis position of farmers not to sell et any price below 10 cents. It looks now as if spot cotton must come up to level which would be equal to 10 cents In the Interior and il Is plain to every one that prices for futures can not remain as low as they are. We. therefore. naturally expect higher markets during the oalance of the month as there future market suyor tuai cotton. Two Fali River milis, the Sea- connect and tse Bourne. will make an at tempt in the next day or two to break their es to ail who are willing to go to work at che reduction proposed II weeks ego. Liverpool Is due to come to 3 joints lower tomorrow
 CHICAGO GRAIN AND PROVISIONS.
 CHICAGO. Oct. 11.-suddeniy awakened suspicion that the selling had been largely overdonc. transformed weakness in wheat today into strength and both December and May closed kc above yesterdays finals. Corn Is off k 6lxc. oats down kc and pro- visions practically unchanged.
 The Government estimate of 65i.oo0.0oo bushels as the total yield of wheat had . weakening influence on speculation in wheat at the opening December opened < @ Kc lower at .osN and May was down was heavy liquidation of December and 1t went to 1.o7x. dragging May to 1.07k during the first half hour. Factors that contributed to the selling pressure were low CT cables anS continued liberal receipts in the Northwest. For a time the selling was quite general, and commission houses had stop loss orders. which added to the weak ness. Later in the day demand improved. many traders apparently acquiring the im- pression that the market had been heavily oversold. and shorts covered freely. Light receipts at Kansas City. with prospects of smaller arrivals in the near future. had a close the market touched the highest of the day December selling at 1.osN and May at l l.0eB, closing strong with Decem- Der at los and May at l.0sx @1 .0sh. .CIearances eauaied io5. 800 bushels. The visible increased s.1ss.0oo bushels. Primary receipts were 1.4s2,o0o bushels, against l. 6s2.30o year ago. Minneapolis Duluth and Chicago reported i.2b1 ears. against l., 252 last week
 Early in the day corn was weak on profit taking. Later. firmer feeling developed on active covering by shorta December opened unchanged to < c lower at 47% GAS sold between {7h and 4sh and closed at 4sh 94sk. Receipts. ITS cars, contract grade
 The principal factor in oats was an ex- eeedingly bearish estimate on the total yield shown by the Government report. Heavy liquidation characterized the market. De- icember opened 4 O kc lower at 29h @2sh, ranged between ?sA@2sK and 2sA and closed at 2sH. Receipts. e15 cars
 Provisions were weak as Q result of heavy selling of January pork The weak ness of corn was an early depressing in- fuence. Shorts were good buyers late in the day. January pork and lard closed un changed at 12.75 and 7.40 respectively. and ribs were 2Ac lower at 6.65.
 Estimated receipts for tomorrow: Wheat, ss cars; corn. 5i cars; oats. 1t4 cars; hogs q, 900 head.