The Montgomery advertiser., 1904-02-05
Chica Grain and P -1sicns.

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 CHICAGO, Feb. An cereals made sew hlgh record marks today. Active buying the @ apparent certainty of the cause. wheat Tor May deliverd at time sold at soH' gain Of I&dlB over yesterday. May corn went up Iss@ik. touching 56ss. and May oats advanced an even cent to 467s. Closing quotations were well in sight of the top. Pro- visions also were affected by the war scare and closed strong.
 Owing to the critical state of affairs in the Far East wheat traders keyed to high pitch at the opening. Shorts getic in their efforts to get under cover and the pit was so bare of offerings that before the Initial demand was satisfied the price of May was bid up Mef%c to IlkGf 5s above last nights close, sales being made at e4AMo5h. July was up A@lc at S5G85N. When May reached e51a. which is a new high record mark, active profit taking set in. Large quantities were put out by commission houses and there was considerable short selling. There was also some selling in July which was credited to the leading long operator. The big bull trader, however, did not open business at any time during the day. As the session advanced the market became quieter. Prices gradually eased off under the load of liquidation until at one time July sold under yesterdays final figure at 64%. q decline of l % from the top. May sold off to 94 with little demand. The mar ket remained quiet and comparatively steady until near the close when another sharp rally occurred On renewed rumors of warlike moves commission houses became active buy CTS and shorts again started to cover. The last few minutes of trading were almost tumultuous the opening ones and the volume of business exceedingly heavy. Prices at the close had practically attained the early high altitude final figures on May being at e5ssd95h. a net gain for the day of A July sold &1Ic higher at 95%@S5% and closed there. Clearances equaled 3S2. 500 bush els. Primary receipts were 5o4. 300, against an incomplete figure of l59. l25 year ago.
 The opening in corn full of excite ment as was the early trading in wheat At first 1t was all rush to buy. May was up 1s dfsc to IAdl% at 55ia to 56h. All the big housse had come into possession of buying ders over night and in addition shorts extremely anxious to cover. Within the first few minute of trading May sold at 569s, but at that price the market ran into heavy offer ings. At the end of the first hour the excite ment had almost subsided and for time the market ruled quiet. May declined to 55
 Shortly before the close a renewed demand sprang up which carried prices well toward the top, final figures on May being at 56, a net gain of l@lk. Receipts 240 cars.
 Oats had the same wild experience. May opened 14d%c higher at 46ka46A and within 5 minutes advanced to 467s The decided rise brought out heavy liquidation, which caused May to go back to 45h Another rally oc- and corn the market became active and large part of the loss was regained. May closed %c higher at 46A. Receipts, 7l cars.
 Trading in provisions opened with big buying movement smiar to that in the grain pits Commission houses seemed to have plenty of orders to fill on that side. Offerings very light at the start, wbsch resulted in considerable advance Later there was heavy selling of May lard by prominent long. With the break in grains the selling became general and most of the early gain was lost. The market rallied later and closed strong. May 7i2 higher at Sl3.371s after ranging between Sl3,67Is and Sl3.S5; May lard at S7. 62ta. a gain of 2I2d5c after ranging between :: 60 and S7.75 and ribs a shade higher at S6 52IR. after selling between S6 so and SC 90.
 The leading futures ranged as follows: