The Montgomery advertiser., 1905-03-07
CHICAGO GRAIN AND PROVISIONS.

CHICAGO GRAIN AND PROVISIONS.
 Chicago, March 6.-Increased shipments from Australia were partly responsible for an increased weak tone in the wheat market today. Increased receipts in the United the close May was off ls hc. July Is down
 hc. Corn is up s\ shade. Oats show a gain of hc, and provisions 71s @l2hc.
 From the start the wheat market was inclined to weakness. Influenced by lower prices at Liverpool initial quotations here showed losses. May being off h Q kc to Q
 %c at s5 s @ssN. The decline at Liverpool was mainly due to weekly statistics which were decidedly favorable to the pears. Worlds shipments last week were consider ably in excess of those of the previous week. The amount of breadstuffs on passage in creased a.840.000 bushels. In the domestic situation factor that contributed to the early weakness Was reasonable weather for fall sown wheat. Daring the first hour sell ing was led by commission houses. greatly est pressyre being upon July delivery. Prices weakened under the offerings. May ucln- ing to 1. 1.f5@1.15k and July to 9s%. Later the market had temporory rally on co~er- ing by shorts. One cause of this was a re- port from India that the crop of two of the leading wheat growing provinces had been managed 4s per cent by unfavorable wealth CT. An Influence that tended to increase
 speculative demand was decrease of 963,
 900 bushels in the visible supply. larger reduction than had been generally antici-
 pated. On the advance May showed the
 greatest gain, selling up to 1.1s. July barely reached opening quotationsy The | market weakened Agaln on falrlyf l1Dera1
 selling of July by leaders. The first time
 In two months or more the arrivals today at
 Kansas City and St. Louis were somewhat
 larger than for the corresponding day last year. The increased receipts in the South
 west were taken as an indication that pros- poets for the coming crop in that section were good. FinSl quotations May were at LISA. July closed at 9Sk. Clearances
 of wheat and flour equal to 97.60O bushels. Primary receipts were 739. 900
 bushels. compared with si5.3oo a year ago. Despite an extremely liberal movement the corn market was comparatively firm the greater part of the day. Higher prices at Liverpool and reports of an excellent ex- port demand were the of the firm ness. Early in the day the marxet was rather easy, influenced by large local re- ceipts and by the weakness of wheat. Buy ing by influential house, however, soon created firmer tone. May openel a shaue to lac lower at 4sh G4Sk, sold up to 4S% and closed at 4sk @4s%.
 Oats developed fair strength. The opening prices were off trifle. owing to heavy To- cal receipts. On good demand by traders the market soon rallied, offerings being light. A liberal decrease in the visible sup- ply was the principal source of strength. May opened hc lower at 31% @31b and closed at 32A. Local receipts Ss5 cars Provisions steady at the outset, but later firmed up. Demand was quite active the entire day. Weakness of grams was | the main factor at the start. Shorts were
 good buyers during the day. May porH closed 12hc higher at12. 80. Lard was up 7Mc at 7lO, Ribs were 7h e Toe higher at
 6.9oq6.92H.