The Montgomery advertiser., 1904-10-14

ceipts are showing some indication Of ce- coming smaller, but this is more propaoly attributable to the slackening interior oe' mand from f o. b. shippers than any ex- haustion of available cotton for shipments The colder weather in some portions of the belt creates /,ome fears of frost ana detcrs, to an extent. speculative seliins' o.nerm n,,vn. From Texas reports are received indicating that country holders of their product are showing no signs of weakening m tne race of an almost total absence of demand
 The market has been sustained for some time by the purchases In fuifiliment of inn- mediate requirements. and this demand had a greater influence than the selling Of hedges Now the urgent wants having been provided for. and with consequent siack- ening in spot demand. sales of hedges are having a depressing influence We do not expect to see declines of serious moment, as doubtless resistance will appear in the peri odicai buying by mills at each lower level
 CHICAGO GRAIN AND PROVISIONS.
 CHICAGO. Oct ls.--Estimates of large exportable surplus of wheat from America had depressing influence on speculative prices here today. Indications of bump CT crop also in Argentine aided the bears At the close the May option was down t o kc December was unchanged from yes terday's final figures Corn and oats each are off 4 O. kc. Provisions are almost pre- cisely the same as last night.
 The weakness in wheat developed late in the day. decreased movement in tho Northwest and higher prices in foreign grain markets were factors contributing q Mc at 1.1oH to 1.1oK. May was up t GNc at f.i161.11h. On the advance there was some profit taking by local longs and as result the market eased off bullish again and prices rose steadily. The strength was due largely to big advances at Duluth and Minneapolis as result of heavy sales of flour, some of which was for export. A report of trade paper at Portland. Ore. to the effect that eight million bushels of wheat have been sold fiuence in stimulating the demand for wheat here. The high point on December for the day was reached at 1.i1k. Mean time May sold up to 1.1ik during the lat quite sharply under heavy sales of May by . leader of the bull element while the mar ket was bearshly affected by Cincinnati surplus Of States and Canada. Another factor was private cahlegram from Liverpool reporting Argentine wheat prospects very favorably Before the decline was checked May had dropped to 1.0sx. December sold off in sympathy to 1.0aN. A fair demand from shorts caused some recovery. but the market quotations on May were at 1.1oh 91 .1o% Clearances of wheat and flour were equal to 0.40o bushels. Primary receipts were 1.10s.so0 bushels. compared with f.00S.0o0 a year aBos Afnnedpoht, Duiutn anu tni- caRo reported receipts of s27 cars. against SIS last week and 7s1 a year ago.
 firm tone prevailed in the corn market duringt the early part of the session. Fac tors that contributed to the strength were higher cables, small primary receipts and a good cash demand. In sympathy with the break in wheat the market became quite weak late in the day December opened a shade to h e %c higher at 4s% 95O sold off to 49M and closed at 49S Local receipts, SS cars. contract grade
 Covering by shorts and fair demand from cash houses caused fair activity in the oats ma rket early in the day Later trading became extremely listless and prices declined in sympathy with the weak. ness of other grains. December opened Q shade higher at 2sk, ranged between 2s% and 2s% and closed at 2sH. Local receipts 123 cars.
 In view of weak hog market and de- cline in corn, provisions held fairly firm Shorts were the principal buyers. There was some liquidation by outside holders At the close January pork and lard were each 2hc lower at 12 40 and T.25 respec lively. Ribs were unchanged at $50.
 Estimated receipts for tomorrow: Wheat, 70 cars: corn. s2 cars; oats. 76 cars; hogs. 14.0o0 head.