The Montgomery advertiser., 1904-10-28

quotations had practically recovered the en- tire loss Spots suffered decline of le points. Manchester reported a good Inquiry for cloths and yarns steady
 The weather map failed to indicate the rains as forecasted yesterday, no presipi- tations of conscquence being shown, Thus favorable picking condition combined with early disappointing cables induced lower opening, and although there was some buy mlsae to chock the decline immediately only small part of the first hour Of trading had elapsed. however. when It became evident that the purchasing power was underes. simated. and prices steadily responded to the better demand The ginners report showed an Increase on bales of 800 pounds in tho same counties. and this incre1se ap- piled to the amount ginned to October 18th last year would indicate that 5.7so,ooo bales This. with the limited knowledge of the counties reporting. did not admit of bear ish construction The market still appears like a scalpfng affair." and while sales on advances probably insure less risk pur- chases on declines should prove profitable just as long as exporters continue to absorb spot offerSgs on such recessions
 CHICAGO GRAIN AND PROVISIONS.
 CHICAGO, Oct 27.--Possibiiity of an an inc advance in wheat prices here to. day. Subsequently, much of the advance was lost on reaiixing due to rumors of an am,csn'e a,na settlement Of the North Sea In. up %c. The May option showed a gain of Nc. Corn made net gain of A@xc. Oats are up Ac and provisions 7h 91ahc
 The Anglo Russian diplomatic crisis, ac- companied by q drop of 7-1s in consols. eussi an excited opening in the wheat mar Ret here. An advance of nearly a cent in wheat prices at Liverpool furnished add- tlonal evidence of the seriousness of the European situation. In frenzy to secure wheat traders who were short bid up the price sharply at the start Initial quota tions on December were up 0 Kc to IF @1%c at f.I4& 91.15h. May was up 10 Ike at 1.1sx 9i.l4 Bullish sentiment was Northwestern receipts. arrivals for the day being 300 cars less than the number re- eeived the corresponding day last week within the first few minutes the December option sold at 1.I5E. The high point, how eyer on the May delivery was reached on the initial sales. The sharp advance started out the remainder of the day. Several large holders were prominent on the selling side. Offerings were taken fairly we'll but much of the gain was lost. Toward the quite weak as a result of Increased profit taking. The weakness brought out many stop loss orders and in consequence prices broke nearly cents from the high point of the day. December dropped to 1.13x and May to 1.l2E. Much of the selling was due to a rumor-t that the Russian command importance was a Cincinnati trade papers crop report, which was considered extremely hearfsh. the report claiming the new crop to be in fine condition and the acreage greatly increased Late in the day the mar ket rallied cons 'derabiy on fair demand from shorts. The market closed firm. with December at 1.t4A @1.14%. Final figures on May were nt i .12N. CIearances of wheat an.i flour equaied 27.soo bushels.
 firm tone prevailed in the corn market throughout the entire session. War news and strength of wheat caused active cover- ing by shorts. Minor factors that contrib uted to bullish sentiment were small re- ceipts and q continued good cash demand. December opened Y exc to k o Sc higher at soh 95o%. sold between 49x and 5oG and closed at 50%.
 Influenced by the strength of other grains. the oats market ruled firm. Commission houses we're fair purchasers. December opened < hc higher at 2sM 12sk. ranged between 29h @2s&c and 2S% and closed at 29h. Local receipts s2 cars.
 AS result of the hullish foreign situa- tion and the strength of grains the pro- vision market was firm in spite of lower prices at tho yards. Shorts were the prin- cipal buyers. At the close January pork was up 1o@l2ho at, 12. .42h a 12.45. Lard and r'bs were each up 7h 010c at 7.I71S and 6. 50 respectively.
 Estimated receipts for tomorrow: Wheat. 3s ears; corn. 7s cars; oats. ss cars; hogs. 15, 900 head
 The leading futures ranged as follows: ARTICLES. Open. High. Low Close