The Montgomery advertiser., 1904-01-21
chiea :, Grain and Provisions.

Chica Grain and Provisions.
 CHICAGO. Jan. eo.-wheat climbed steadily toward the dollar mark today. The mal%st vas almost bare of offerings and the market did not require any support from the bull leader. shorts holding prices up on themselves. professional specuiators in New York and St. new record was made for May wheat, 92H 4e2k. gain of 2ko compared with yesterday. The close was practically at the top. Other May corn closing no hisser and oats Ss higher. Provisions were 2Mc higher.
 The wheat market was feverishly strong from start to finish. The advance today was due largely to the same cause as the rise yesterday, the congested condition of the mar ket, an enormous line Of wheat for May de- livery being held by Armour interests. Not the situation seemed bearish. opening prices were firm. May ranging from shade lower to 1t9&c higher at s9N9eoh. An advance fin the price of British censols indicated more optimistic feeling in regard to the war situa- tion. Rain in the Southwest, where the Winter crop had ben suffering. was another bear in- dication No attention. however. was paid to matters like these. It was a question of too small supply for a liberal demand. The leader of the bulla showed no sign of parting with his holdings and in consequence smaller holders were encouraged to maintain a firm grip on wheat they had. Offerings were on that account extremely light and were eagerly sought for by osiated shorts. The demand was largely for the May delivery. Efforts to cover
 
 ders coming out on the rise accelerated tho up- ward tendency The market continued to gain in strength as the session advanced and within the last i've minutes of trading May reached a2xno2A. a gain of 2k@2E. The close was at 92h. Clearances edqaied 464. GOO bushels. Primary receipts were 7s5 100. against 542.- 300 year ago. Minneapolis, Duluth and Chi caEo reported 43o cars, against sos last week and 32s a year ago.
 Corn was stroEs throughout the session. A high record for May was made. There was a large volume of trading with the principal de- mand coming from shorts. Higher cables, un- favorable weather combined with the strength in wheat were the bull factors. There was considerable realizing at times but offerings were readily absorbed May opened a shade lower to shade higher at 49& to AeH and after selling up to sos closed at 5oA. Re ceipts SI7 cars.
 The strength in wheat and corn sustained oats and prices made further gains. There was little inclination on the part of the bears to sell owing to the fact that the chief bull interest showed no disposition to release his holdings. Continued light receipts and good cash demand helped to advance prices. May opened 6 shade lower to shade higher at 4l%@4IB. advanced to o42A and closed al 24k@2M. Receipts, ll7 cars.
 Provisions were firm in face of lower hogs The strong grain markets were the principal source of strength. Commission houses and shorts were good buyers of lard, while packers were fair sellers of ribs. Pork was more or less neslected. but closed firm with May up Sc at SIS.25; May lard and ribs were each 2he higher at S72o and S6.7o.
 The 'ee.iing futures raBRsd @ RolioWai