The Montgomery advertiser., 1904-08-19
CHICAGO GRAIN AND PROVISIONS.

CHICAGO. August 1s.-Extreme weak ness. abnormal strength and weakness again was the cratic course of today's wheat market. Conflicting reports on the crop outlook caused the extraordinary mix up. Opening losses of from ic to 2%c were lost. Final figures for September were down 3c and for December 1xc. Corn closed Nc off for September and hc for December: oats are down < a %c and pro- visions made gains varying from 7hc to
 Wheat had . weak opening because of failure of predicted frost in the Northwest and reports indicating probable yield in of last year. September was down 161he at l.07@l.07h at the start and declined on heavy liquidation to i.osh. December 1 os and soon receded to 1.0sM. Then oc- cured sensational rally. report issued by Minneapolis crop expert intimated the spreading of black rust through hitherto In its wake came teegrams from Winnipeg direct describing total or partial crop destruction of two-thirds of the wheat area of Manitoba. The nervousness of the trade found expression in sudden leaps and tumbles of prices. September sold at 1 .o9 and December at 1.osA before the fever trade paused and took a survey News in the meantime from the three big wheat States. Minnesota ana North and South Da- kota. gave consolidating estimates of the se-
 
 caused a divided sentiment with a prepon- derence of bearishness Long lines taken on early the rush came out and scalp CTS contributed heavy selling ,,. 9raer: E., Sep p, effort of the bulls to hold prices and sank back to i.0sh. where 1t closed weak. De- cember declined to 1.07H. rallied to 1.osh mary receipts were 7s3.ooo bushels. against 651.s00 a year ago. Minneapolis, Duluth and Chicago reported 2+a cars. against PAS last week and BIO e year ago.
 Corn acted heavy under the influence of the reaction in wheat values and because of rain and drouth afflicted portions of the corn country. September opened with a loss down h9%c to x@Hc at 54@54h. Meagre receipts and the early show of wheat strength was about all that favored corn bulls. With indifferent cables. induc- estimates of a 50.o00. 900 increase in the Me- braska crop. the whole tendency of the corn market was toward lower prices. Heavy buying of September buoyed the price to 55h, but could not hold it there. Decem- Der at its best got but %c above the open ing range. selling at s4%. and declined on large scale and fluctuations were rapid. though within a small range Sep tember settled back to the lowest point of the day and closed weak. December de- clined to 53k, closing easy at sax 953h. Receipts. .l72 cars.
 The tendency in oats was in line with the general trend of the other grains, though the fluctuations were in a narrower range. September opened INC lower at 34% and sold off to 34h on the early declines, later advancing to s4k on the rally in the other pits. but reacted to 34 on the late reces- sions and closed easy at 34h. Receipts, 2S7 cars.
 Pr ]ions were active and higher. The hog receipts were small and this stimu- lated demand. Higher cables were also factor. September pork closed 200 higher at II TN: lard was up 7hc at 6.95. and ribs up 1o@12hc at 1.45@7.47h.
 Estimated receipts for tomorrow: Wheat 210 cars: corn. 172 cars; oats. 357 cars; hogs l4.eo0 head