The Montgomery advertiser., 1904-11-17

iu the afternoon market closing easy and
 unchanged on sales of s.ooo. and a.soo to ar vices take favorable view of the situation claiming spinners to. be buying largely in the English market. that mills are running going through. and hold to the opinion that prices can not give way much at present and that their best merchants think favor l3 interior towns. however, proved to be a little more than expected in the way of receipts iss. IT against 1s7.s5s last year. eo.ooo compared with s1.ooo one year ago, anf stocks at 13 towns showed an increase of se.4a1. against al.s4s for same period one estimated at. s5. 900, last year 7S777; since Friday 2eo. 900. last week 25s.4Ts, last year ssy.o7z@ The all absorbing topic at the mo- by the Government win be. Estimates @ range @ all the way from 10, 500 900 to 1i5e0 900
 as the figures likely to be issued by the De-
 per acre and acreage devoted 10 the staple As demonstration that longs have faith in market irrespective of the Governments | estimate. one block of about TO- 900 bales of
 March contracts was purchased today by a leading operator who Is placing more im- portance In the wants of the world and a crop. which may be exaggerated. In ad- vance of this official estimate, the trade will ! be treated to a series of ginners' reports on l cotton ginned 10 November 14th. and tender day will come about the same time, and supporters of market may he called upon 1 to care for what might be delivered on con- l tracts.
 CHICAGO GRAIN AND PROVISIONS. | CHICAGO. Nov. Retrospective sales of large quantities of flour to Japan was one
 cause for a sharp advance in speculative
 wheat prices here today. At the close De- 1@1hc. Corn is up he. Oats showed a
 gain of 1sc and provisions 2h h@15c.
 Before the opening in the wheat pit trad
 CTS were 2, eeted with an official statement
 of the worlds shipments and of the visible l supply. Both totals being discouraging to
 the bulls, sentiment at the start rath-
 CT bearish. Another factor contributing to the easier tone was decline in all foreign grain markets. Liverpool was down, over
 cember were Kc lower to Ic higher at l Il.JoK@1- 11A. May was hc lower to Nc
 higher at 1 1.11%@1s1i%. For time there
 cember to 1. .1oss and May to 1. I0M. shorts
 took Advantage of the break and in cover ing sales caused m upward movement in
 bscam. norn rae sess eso5 aovshceo ,,t 5ne o1yins
 strong undertone. The improved demand was attributed mainly to a revival in cass
 business at all principal grain centres. A message from Minneapolis stated that tho demand for cash wheat there was the best experienced thus far on the crop One ex. planaticn of the sudden development of the demand for cash wheat in the Northwest was the presumption that millers had eifhs.. made some large sales of flour or that they
 had come Into the market for future sup- plies because of the dip in prices. In this
 connection a message from the Pacific coast stating that It was h.nted there that
 Japan will be forced to buy immense stocks or American flour was considered signifi cant. News from the Southwest was abou. equally bullish. Receipts today at St. Louis
 and Kansas City were about 70 per cent less than the corresponding day last week and year ago. Tn regard to the.~cash
 situation report from Kansas City ststed that Kansas miiiers were bidding a premium of 2hc for hard wheat During the last part of the session prices steadily advanced
 until December touched 1.12ik and May 1.12S. The close was, almost at the high
 est point of the day. final quotations of De- lcember being at fs12%61.1 May closed at 1.12h@112x. Clearances of wheat and flour were equal to 5s. 900 bush.
 els; ehs.o. The amount on passage increased E. creased 2.940. 900 bushels The worlds vis- iole, as shown by Bradstreets. Increased S.
 soo'ooo bushels Primary receipts were slS.-
 Minneapolis. Duluth and Chicago reported
 receipts of 5s5 cars. against 1.s15 (two
 days) Jest week and 69s year ago.
 oTengtn or wheat was the main factor in
 the corn market. On active demand from
 shorts. prices showed good gains. Dseem-
 Der openedh shade to h c kc lower at 4sk | c 50, sold between 49% and 51% and
 closed at SIX Q5i%. Local receipts, Is5 cars, contract q t' Oats were firm. largely In sympathy with
 the strength m other grains. Trading was more active than of late, but the volume of
 business was again small. December opened
 unchanged at 2s&, sold between as% @2SA
 and 2s and closed at as%. Local receipts. I 69 oars.
 1 Buying by packers and covering by shorts
 caused strong provision market The ad- vance in the price of corn also helped bull l ish sentiment At the close January pork
 was up 12lS a i5c at 12.70. Lard was up
 zh @5c at 7oIh: Ribs were 5@7hc high CT at 6.55@6. .57h.
 Estimated receipts for tomorrow: Wheat
 74 ears; corn. 2s1 cars; oats. 67 cars; hogs 2s, 900 head.