The Montgomery advertiser., 1904-11-22

CHICAGO GRAIN AND PROVISIONS.
 CHICAGO, Nov 2l.-Under heavy profit taking December wheat today broke an even three cents from the high point or tnS days quotations A large part or the se ing was said to have been done by sast- arn capitalists who were anxious to get out of the grain market. The market regalPeo part of the loss on covering oy shorts, pu' at the close the NOecember delivery show ed a net loss of 1 hc as compared Mlth Saturdays final figures. May is dtwn 7se Corn is up Ac. Oats show a gam or @ shade Provisions are off 21s g7hc.
 At the opening a firm undertone was manifested in the wheat pit. December was up h9kc at 1.0s% e .0sA. May opened unchanged to c higher at l l.OSS U .VS 9. The strength was probably largely due to the fact that many traders who sold snort on Saturday took fright at a rumor cireu- lated early today to the effec that there was frost in Argentina. Another factor that tended to give support to the market was news concerning worlds shipments TOT than many traders expected. For a time offerings were inadequate to the demand and prices made a quick advance Decem- ilO11 Continued dry weather in the Southwest had some influence In the early bulge. Suddenly sentiment in the pit Northwest stated that the movement of wheat from the farms in that section would probably continue heavy for several months wheat Following the lead of a large com mission house said to be acting for prom inent Wall Street interests, pit traoers turned active sellers of the December op- tion. The result was a sharp decline The break was made more pronounced by the lessening of numerous stop loss orders Be fore the decline was checked, December had sold off to 1.06A, a drop Of an even three cents from the high point May de- clned to .NS. loss of 2be. shorts coN- cred on the break. causing partial recoV- cry The market, however, closed weak with December at 1.07h. May closed at l.OSk Clearances of wheat and flour were equal to $500 bushels. The amount on pas sage increased l024, 900 and the visible sup ply increased 2.097,O00 bushels. Primary re- ceipts were 1,535, 900 bushels, compared with l,6O3. 300 a year ago. Minneapolis, Duluth and Chicago reported receipts of l,2s6 cars against 1.06O Hast week and l,4O2 a year ago.
 In the face of the sharp break in wheat prices, a remarkably firm undertone pre- vailed in the corn pit, An improved cash demand was largely responsible for the an additional bull influence. December opened h q lower to hc higher at 47B e IS is sold between 47% and ASH and closed at 4S% May ranged between 46q 451s and 45 and closed at 45 < 94b%, Local re- ceipts, 74s cars. one contract grade.
 With only a small scalping trade the oats market held steady throughout the entire session. Country offerings were light. De- cember opened unchanged at 2s%, sold be- tween 2sS anl 2s& and closed at 2SA A o 2S&. May sold between 31931h and SlA @31A and closed at Slh. Local receipts I'll
 Priyisions were weak as a result of iib- eral receipts of hogs at the yards. Trading. with a loss of 7lac at 12 40 Lard was down 5c at 95. Ribs were off F @ 5c at l 42 F a 45.
 Estimated receipts tor tomorrow: Wheat