The Montgomery advertiser., 1905-01-22
CHICAGO GRAIN AND PROVISIONS.

Chicago, Jan. 2e.--Improved export de- mand for Canadian wheat and reported scarcity of seed wheat in Texas caused a firm finish in the wheat market here today. At the close May wheat up sc. Corn and oats are each up bc. Provisions show Buoyed up by an unexpectedly firm mar tket at Liverpool, wheat here opened at a 1 slight gain, May being unchanged to Mc higher at 14% @1. 14%. At the start there was fair demand from commission houses Offerings were rather light. After May had
 touched 1.14%@1.14B prices suddenly | started downward and the decline was not checked until May had sold off to .13Ia. The break was due largely to the extreme weakness of outside markets, prices St. Louis and Minneapolis showing sharp losses. Heavy liquidation by, prominent holder was reported as the principal cause of tho slump at Minneapolis. The poor demand for cash wheat at all centers, howecer was said to be the Fundamental reason for the heavy tone of the speculative market Another influence here was the liberal shipment of ! wheat from Argentina Nevertheless pit sem timent gradually lost much of it's bearlsh- h- ness. One or two prominent operators be-
 came fairly active buyers. Many of the
 smaller traders who had sold freely in the early weakness covered their sales and helped cause a slow recovery. One item Of news that encouraged the bulls was a report
 from Kansas City that Texas farmers were buying seed wheat in that city Canadian | edvices also were bullish. claiming a good demand from foreigners for Manitoba wheat and flour. The market as a result became | . winding up higher than yesterday and with prices at the top notch of the current day. The final quotations on May was 1. 15. Clearanees of wheat and flour were equal to 22.100 bushels. Primary receipts were | 709.6o0 bushels compared with sos, 400 bush els year ago. Exports of wheat and flour for the week. shown by Bradstreet. were equal to l,139, coo bushels
 Influenced by higher cables the corn mar
 ket opened firm with fairly active busi- ness. The break in wheat caused some re- l sessions in prices, but la.sr all the loss was regained on active buying by commits. sion houses Small acceptances from the country had bullish effect. May opened a shade to b c higher at 44h to AZ @45 sold between AS and 45 and closel at A "a e 45. Local receipts were 225 cars with one oC contract grade.
 Sentiment in the oats pit was governed principally by the action of the corn mar- ket The decline in wheat had a depress- | ing influence early in the day, but prices rallied subsequently, in sympathy with the firmness of other grains May opened a | shade to Mc higher at 31 to 3l93i%, sol i between 30& q 30H and 31M and closed at Sl s1h. Local receipts were 70 cara The provisions market was firm Trad ing was not particularly active, but buying orders were numerous enough to absorb all offerings without the necessity of any cut | in prices At the close May pork was up 12hc at 12, 75 Lard and ribs were each up 2l4c at 6.S7k and 6.7096.721s
 Estimated receipts for tomorrow: Wheat,
 33 cars; corn, Sis cars; oats, 11e cars; hogs. | IS. GOO head
 The leading futures ranged as follows: ARTICLES Open. High. Low Closa