The Montgomery advertiser. [volume] (Montgomery, Ala.) 1885-1982, 1907-05-17

CHICAGO GRAIN AND PKODUCE.
Chicago. MAY 1e.--Wheat prices on the
board Of trade again crossed the dollar
mark today on a sensational bulge which
carried September up to ,s1.os% and De
advanced to ssMc. The upturn was due
to reports of this years wheat crop. OF Eu-
rope and America would be greatly below
the normal. owing to injury by unfaverable
weather and by insects. The net gain for
the day on the July delivery as e@shc
compared with yesterdays final quotations
cember even SC higher. Corn was affected
by the strength of wheat July closing with
q net gain II INC. Oats gained &c. Provis-
ions closed az 61oc higher
The pandemonlum which accompanied the
sensational advance in the price OF wheat
almost equaled that OF last MONDAY "neh
dollar mark Unlike Monday however, the
passing of the dollar point occurred today
within the last few minutes OF traoing' AZ
ter opening weak on reaha ahs.. sa and warm
er weather the market at the END or the
first half hour started on an apparently
normal recovery ~ ,..
freely ALI day, but realizing sales We're 40
heavy that the price rallied Slowly. me
combined purchases OF the rev OF 'ne i ssta
aggregates between five and seven million
bushels. This demand was based on unfav
orable crop reports resar :, Eur n0 as we'll
Russian reports being particularly pess'n's
tic. -. .ur,
The weekly government report from
washington stated that Throughout
great part of Central and Eastern Europe
the outlook for a successful season 10 oeSio.
ably less promising than was surml sOes =
month ago" In addition to these aoViceh'
MANY reports were received from the South
west claiming a big reduction in the winter
wheat crop. During the last fifteen MN
utes Of the session, by which time sellers
had become less numerous. the big demand
which existed all day became conspicuous
The demand was 50 urgent that prices ""
vanced by leaps and BOUNDS, some WI srtons
brought remote profit taking but the reac-
tion thus occasioned did not seriously 81
feet the net results, the close being excite'
july opened shade to IL DISC lower
at cav @sshc. advanced 10 sshc' q s ns
high point for the crop ana c'osee 81 ~
5Hc over Yesterdays close. seotemper
having sold at s4c the opening advanced to
81. O3. also a new high record for that De
livery and closed at Sshc. l'ecemner open.
ed at s5 @ ssc. advanced to 1902 and closed
The market for corn was weak at the
start because OF heavy realizing based upon
improved weather and on the break 10
nection with wheat. the early loss was ~
gained and the market closed strong with
prices at the high point of the day a.
sane y d ecnna to 51Sc ana then advanced
to sac. where 1t closed.
There active general demand ior
oats in sympathy with wheat and on I'M
favorable weather. Dmage from frost was
reported in Iowa and Illinois
July opened 9hc, lower ct 4sH @4SHc
advanced to 44%c and closed Mt 44hc' Ao-
cal receipts were Ice cars.
Provisions were comparatively neglected
but after early weakness In. sympathy Win
hogs, steadied under the influence Of wheat;
July pork closed loo higher at SIS 60. Lard
was Sc up at $s.17h and ribs ave improv-
ed at 1855.