The Montgomery advertiser., 1904-02-02
chics Grain and P-- 7isicns.


 CHICAGO, Feb. LA decrease in the worlds available stocks inparted strength to wheat prices today. Prospects of reduction in primary receipts also contributed to the better tone. May closed kc higher. May corn was up $ and May oats hc higher. frovisions were unchanged to Sc lower.
 wheat values was submerged by a deluge of news of bearish character. Foreign g-ain mar kets were lower, worlds shipments Tor tne week extremely liberal and the quantity anon. s'. for and in Europe and Great Britain heavily Increased. In addition there was the report from Minneapolis that flour mills were ali closed on account of over-aoundance or sup plies With such bearish information opening prices were lower. May being or hqls at S9@ Geo. Commission houses and pit traders were liberal sellers, and with little support tne price declined still further to S97s. where t became steadier en a fair demand Frlces showed some advancement as a result or tnis buying. May rallying to the opening ngure' A decided change fin sentiment occurred to- ward noon. Buying orders appeared to come from all quarters The market responded 10 the improved demand and within short time May was selling at oib. a gain of l% from the low point The mood helped by the visible supply hgures, which showed con siderable decrease Reports from Kansas stated that there was little wheat ieft In the tarm, ,, ers' hands in that State. Weakness in Wall Street, thou~ht possibly to reflect fresh war news. was another factor. Both May and July came out freely on tho bulge. The decline re- sultlng in the nearby delivery suffered most and sold of to 901sG9oA. The market was firm the last half hour, but showed no ten dency to advance. May closed lsc higher at so% July closed at S2EGS2%. gain of lag SC Clearances equaled 365, 500 bushels. Pri- mary receipts were 724.6oo. against Tso'ooo a year ago. Tho amount on passage increased 8, 34s 900 bushels, while the visible supply decreased es2. 900 bushels Minneapolis, Du- luth and Chicago reported 463 cars, against 46I last week and 62o a year ago.
 strong feeling pervaded the corn pit. more from a lacK of offerings than from any proml- nent buying. The market was little easier early in sympathy with wheat and on lower cables Exports, however. continued to snow a good demand and exports showed some S alArIn n over the snallness of receipts. With the ao' vance In wheat, corn became decidedly strong There was some realizing on the upturn pul offerings were readily absorbed. May opehca unchaneed to 1kc lower at 5oGS0ls, declined to 4ea rallied to SoTs and closed strong aE 5o%. Receipts. 36S cars contract.
 There was a large trade in oats ana prices were higher. Commission houses and shorts were active buyers throughout the day put ofserings were too small for the demand. There was a slight decline eariv in sympathy Wlth ether grains but the dip was short-hVed Ruying of May by the long interests preclpl- tatcd a general rush by shNts to cover and rendered the market very strong. The close was near the top. May opened Rc lower at Ao5. and after selling at 42ai advanced to 441 ftA4h closing at A4as. Receipts lsS cars;
 Liquidation by commission houses anu 1, seI. inr by packers caused weakness in provisions carly The prices at the yards were factor. Tbere was q fa- demand for lard ana rlps later and in conscquence part or the JOSS uas rerained. The close wRs steady w'th May norx ojSc lower at SIS: May la-d unc hanged st S7 a1 and ribs e lower at S6 5S"o oF2'
 The leading futures ranged as toiioWs'