The Montgomery advertiser., 1905-04-25
CHICAGo CHAIN AND PRoyIsIONs:

CHICAGO GRAIN AND PROVISIONS;
 Chicago. April s4.-wheat for May ae. of 7ho compared with Saturdays, closing quotations At the close the market hao so sS fsnwn ssns he sPssR of last
 week, was the result of general hquiuatno.h n. participated in by John W. Gates, the erse, May wheat changed ownership during to,
 days exciting session. At the close oi the trading 1t was claimed by close onseTN hv the Wall Street clique had been liquidated
 The market became steady late in the aay on an improvd demand. Armour x sa. Sona-
 pany being credited with heavy purehaee' of both the May and July options.
 The slump in May created extreme .ie. wsaa
 ness in distant deliveries, the Ju.y opev poa,s closing at net loss of cents. corn oaes
 and provisions likewise were affected py
 the break in wheat. May corn oelhs oil | an
 @1%c at the close. July corn IS 1SMh %c
 Ikc; July oats show a loss or N~ %''
 Provisions down 7ls g7&c' ,,,,,b
 The break in May wheat began "tn initial transactions. opening aHo'atIuI as IuIv was
 off AQ%c to z a Ac at s6 9s6'sc. purins Dur 2
 the first ten minutes of business Armour , r S'
 Company made an effort to give 'he araI r |
 ket some support. but traders in genera.
 regarded the move merely as an a..einP. to create a higher market on which 10 aus
 pose of additional Gates wheat, lhe me- non5
 was so great and so persistent that sooh
 all efforts to stop the decline were apan Mav
 doned. Everybody seemed to nave May
 wheat for sale and .ssson dsM Mss half
 the price of May had dropped to 9s hc.
 Meantime the July option had soid OH so
 S4%c. Many traders were or the ppiu i,
 ion that during the heavy selling early m
 the session the remainder of the Gates hIe of May wheat was entirely soio ou'
 addition to the slump in the price or May,
 distant deliveries were affected py .ioy neay
 rains throughout the winter wheat sostiuh' .,a and predictions of more rain 10 ioi,o" n. a
 creased the bearishness. During the lase part of the session the market was com paratively steady. The July option was given support by Armour x company had haJ fresh rumors were rife that Gates nau u assocfated himself with Armour TOT pun campaign in the more distant option Ihere
 was also good general demano, 1o pus ii1s nS being based on theory that the PIice t, ut Nav had reached a level consistent with so-calIed legitimate conditions. Ihe & iac.
 that May wheat in this market was Sg,iirs hains at a lower price than at Minneapolis help- ed to stimulate demand. Notwlthstah,uo1i!n,s ,, the improved demand, prices made httIe
 response. fluctuations in May aur,hs ssnt,s ors last hour being confined within a cent range. At the close the May ueNeIy soaS - at 93 cents a net loss of ! cents July was down cents at s3% c S3 7sc. CiearanGes or
 wbeat and flour were equal to 1S9,ooo bush els. The amount on passage decreased i,- 56O 900 bushels, and the visible suppy oe | creased 555 900 bushels. Primary receipts were ATS. .o00 compared with 2'i.0oo 6 year ago Minneapolis, Duluth and Chlcago re. ported receipts of 2Si cars, agalhst ESV ias' week and 154 a year ago. .
 The corn market was unable to resist the | break in wheat values. heavy liquidation | causing extreme weakness Profit taking was especially heavy in the May 5envery | sTGc. sold off to 46%c and closed at 46 hc May sold between 45 7sc and 47hc closine | at 46o Local receipts, 154 cars ! contract l In sympathy with wheat and corn, senti l ment in the oats pit was bearish. but prices 1 showed only small loss July opened 2 | shade lower at 29% d 29hc. sold betweei | 29Mc and 29hc and closed at 29B q2s 'Ae l Local receipts. so cars. ,,,., | Notwithstanding higher prices Tor nv nv | hogs provisions were extremely weak. In' | break in the price of grain was the maiI l influence. Selling of May products was ex | ceedingly heavy. the volume of business pc pc l ing larger than for many weeks. Al tn' | lard was down 1Oc at SIPS. Ribs were l 7Ib a 1Oc lower at S7 .07h # CT 10.
 ! Estimated receipts for tomorrow: Wheat 1 25,O00 head.