The Montgomery advertiser., 1904-10-19

CHICAGO GRAIN AND PROVISIONS.
 CHICAGO. Oct. 1s.--Improved demand for cash wheat in all domestic grain mar. kets was largely because of an advance of lh nae in speculative wheat prices here to- day Poor grading of newly marketed spring wheat was another powerful inriu- ence at the close. December corn was up % Q hc and oats a shade. Provisions show a gain of 10Q15c.
 The strength of the wheat market de- yeloped after a weak opening. Under the influence of heavy Northwestern receipts and lower prices at Liverpool, initiaI quote- tions showed a considerable decline. De- cember being down hSEc at I; ai n ss T 11OM Q1.10%. The obstacles to the up- ward progress of values, however. was soon overcome. upon analysis of the depress- ing factors the bearish significants was al- legged to be of small account. In the first place many traders seemed to believe that ths market at present is governed largely by the existing domestic situation the ac- tion of foreign grain centres having appar- ently little effect. The increased receipts in the Northwest did not appear so extreme luth arrivals there were s7 cars from Ore gon which made the actual Northwestern spring wheat receipts at that point smaller than those Of the preceding year There In the inspection returns from Minneapolis and Duluth that the spring wheat crop wa5 noticeaoly poor as regards Its quality These factors gave the bnll crowd the neces- sary average with which to hoist prices to a high level. From the tap of the gong until the last minute of trading there was an exceptionally good demand for the De- cember dtIivery. As result the market gained in strength until within the last 15 minutes, when a slight recession occurred nn profit taking. The brisk demand for December caused active covering of May and this month also showed a good gain although the advance was not so sharp as in the nearby options. Elements that en- tered decIsively into the situation later in the day were the strength of cash wheat In all marPets and reports of damage by Hessian flies to winter wheat in Missouri was reached at l.14% and on May at l.12& December closed at .14h 91 .14% Final quotations on May were at '12h e were equal to 43.4OO bushels. The worlds visible supply, shown by Bradstreet's. in- creased 7sO0.0O0 bushels Primary receipts were 1.a2S.500 bushelR compared with A.- 35i3CO Q yaar ago. Minneapolis, Duluth anu Chice go reported receipts of LBS cars. against 1.241 cers 'ast week and S5l year ago
 4,fte a weak opening resulting from cas- fer oatles tho corn market rallied on pro dictionS of wet weather for tomorrow and primary receipts were an additional bull factor. December opened kc lower al &7B. sold between 47h and closed at 4sh The oats market was influenced almost exclusively by the action of other grains. December opened 1sc lower at 2T%, sold up to 2s% @2Sh and closed at 2sh. Lo- cal receipts, 294 cars.
 Provisions were strong. Offerings were light and there a fair demand from local shorts and some of the smaller pack CTS. At the close January pork was up 15c at 12, 25. Lard and ribs were each Toe higher at 7.17h and 6. 6.40@6.42h. Estimated receipts for tomorrow Wheat, ca cars; corn. 73 cars: oats. 100 cars; hogs. 2s, 900 head.
 The leading futures ranged as follows: ARTICLES. Open. High. Low. Close.