The Montgomery advertiser., 1905-11-09
Montgomery, A
MARKET FOR FUTURES
BREAK IN PRICES ON
CENSUS REPORT.
Close to 10 Points Up from the Low
est, but Barely Steady mt Net
Declines of Is to 70.
Sales 1,2O0y eco.

New York, Nov s.-The cotton mar
ket was active and excited with prices
Undergoing sensational break after
the publication of the census report
showing 6.4S3,646 bales ginned to Mo-
vember !. The close was to 10 points
up from the lowest. but barely steady
at net decline of rs @29 points. Sales
were estimated at 100000 bales.
cline of one point to an advance of five
points and shortly afterward all the
active months showed a gain of three
to four points on covering, and bull
support promoted by the continued big
spot demand in the Englist market
and reports of very firm interior hold
ers. But fresh demand was restricted
to some extent by uncertainty as to the
afternoon and local professionals evil
IDENTIFY believing the market overriding.
raided 1t during the middle of the
morning, and with considerable real
net loss Of about fourteen to sixteen
points. Following this there was an
upturn on covering of recent sellers.
and the market. just before the report
point or around 11.40 for January and
1850 for March. Inside ten minutes
after the report was issued. january
was selling at 11,05 and March at 11.24,
or - active a 50 ns' through WERE
and commission houses. and leading
bears were aggressive, but bulls rail-
lied to the support OF prices on the de-
cline and late fluctuations were very
feverish and irregular.
CHICAGO GRAIN AND PROVISIONS.
Chicago. Nov. 8.-Russian news DOM
mated the wheat market today. Re-
ports of continued disorders developed
option closing with a net gain Of 1 lac.
Corn is up 1-2@5-Sc. Oats show gain
q l-4Gs-sc Provisions are rp 21-2
The WI .at market " as strong the en-
tire day. Influenced by higher prices
fos wheat at Liverpool. the market here
So 5-s@Ss Use. The raain cause of the
advance at the English market was
disturbances in Russia. private dis
that lrioting was still in progress in
several localities. Another factor of
bullish significance was a statement
made by an English statistician, whoo
declared that "a transfer OF the chief
centre Of interest in the grand trade
from Russia to America was immi-
nent." This was generally taken TO
have to look outside of Russia for sup
plies OF wheat. America, 1t was ar
gued, would naturally benefit thereby
The effect of this statement was later
fciai report of last weeks shipments OF
grain from Russia. According to these
statistics, exports of wheat for the
the amount given out last Monday: In
addition to the influence exerted by
foreign news. the market was affected
by sharp advance at Minneapolis
falling OF. Throughout the day there
was an urgent general demand for
wheat here and despite liberal profit
taking N the December d11,e option II th !,
For May the highest point of the day
was reached at 80 Sac. Late in the
day some reaction occurred on profit
quotations on May being at s01-2c.
Strength of wheat W IS an influential
factor contributing to strong corn
market. Renewal of an urgent ship
sentiment. Demand was further aug
menued by fresh complaints of damage
by wet weather. The volume OF trad:
strong with prices ALMOST at the high.
est point of the day. May opened Ia
@3-Sc to 3-S@1-2c higher at 47@
81 1-sc; sold up to AZ S-sc and closed al
A firm tone prevailed in the oats
market largely as result of an i'm
proved demand from exporters
St o se grain
rived further strength from the COM
paratively small local receipts, arrivals
today being $50 cars less than had beer
estimated. The market closed strong
with prices at the highest point OF the
day. May Oh ened a shade to 1-S@1-4C
higher at 80 1-2@32 5-Sc, sold up &c
80 IA and closed at 80 Sac. Receipts
SAT cars.
notwithstanding decline OF 10c In
price of hogs, provisions were steady
the entire session. Demand for pork
was good. ard also was in fair de.
mand. Strength of grain had some eff
feet. At the close May pork was uI
10c at Sass. Lard was up 1906
at S7@ 7.O2 1-2. Ribs were 1-2c high
er 1t $S.77 1-2@6.S0.
Estimated receipts for tomorrow
| Wheat, $50 cars; corn, ais; oats, 1879
| hogs, $1,000 head.
The lesSing futures Ranged as foiiow "a.