The Montgomery advertiser., 1905-11-07
Montgomery,
MARKET FOR FUTURES
sENsATI0NAL ACTIVITY AND Ex-
CITEMENT DURING THE DAY.


New York, Nov. 6.-The cotton market
was sensationally active and excited
gain for the day with the close very
steady at a net advance of 10 to II
points and within or 5 points of the
estimated at fully million bales.
The Fmarket opened strong at an adj
vance sof is to 81 points with January
s se ngb at level ,o or wth ON uy n fol-
lowing the July condition report and at
the highest point for the season count
ing from Septembec LIST. This big gain
week was due to active buying for long
account and covering as a result of the
strong Liverpool cables. continued large
spot sales in the English market; un-
vate wires claiming very firm interior
holders. The advance of last week had
greatly reduced the short interest, how
ever. and with the market dependent
on fresh buying for its chief support,
heavy realizing by old longs who were
uncertain as to the showing of the CEN
s s,n report on "Wednesday, caused Pa par 70
during the middle session or within s
points of Saturdays close, the market
was rallied by a renewal of bull sup
strong reports from the Southern spot
markets and predictions for unfavor-
able weather over ell action day and de-
mand toward the close was very active.
CHICAGO GRAIN AND PROFESSIONS.
Chicago Nov. s.-Liberal increase in the
worlds shipments of wheat. caused weak
the close the price OF May delivery was
off v @ Ne, Corn Is up y q Nc. Oats
are g " banged Provisions show gain of
The wheat market had weak undertone
.ns at the
e suffosss to SDP adase as
The prieDai feature q the days gossip 1ss
lated TO worlds shipments OF wheat
at isi.4oeo Bushels sS the asssst ~ 81
the season; OF this amount Russia export
ed nearly 100000 bushels The unexpect-.
almost | cent in the price of wheat at
Liverpool. Another factor that contribute
India that, prospects for the wheat crop
were greatly improved In several districts.
ss5 T fes IN srs rS
situation also favored the hears. receipts
at al primary p,i points being liberal Selling
he. principal buyers. although "a a leading
sstisns On Nay f ss@s s1 dosn oR.n&s"s SuG
q Nc at 50 to SO ". The lowest point ~
session ss Sssss q ,ss los. Ts
| gained on covering by shorts. The market
wSs easy n Sn Ham May At ssH
and the visible supply increased 1856, 00O
bushels Primary receipts were 1868, 000
bushels compared with 1.Tss.0o0 year
| a@o.
Numerous reports from Iowa. Kansas and
Missouri telling of damage to corn in the
| shock by wet weather had a strengthening
effect on the corn market Outside Of q
was firm the entire day. The easier tone
at the start was due mainly to weakness
Of wheat Liberal local receipts had a
depressing effect early. Shorts and COM
mission houses were active buyers the last
half Of the session. The market closed
firm with prices near the highest point >oi
the day. May opened UNCHANGED to Il
lower at 46Hc to 46hc, sold up to 46M and
closed at 46% a sc. Receipts 422 cars
with II contract grade.
Firmness of corn caused steady tone
were moderate buyers. Offerings came
largely from cash houses, shipping de
mand was only fair May opened shade IA
Nc lower at 32A a NC. to 32&c. sold W
to san and closed at san @hc. Re-
ceipts 3sS cars.
Provisions were firm on fair demand
from commission houses. Offerings were
extremely light. At the close May pork
was up 70 Inc az $i2.75. Lard was ur
higher at 1915 q se.T7h.
Estimated receipts for Wednesday,
Wheat 297 cars; corn SGT: oats 7o5 Hogs
$4,000 head.