The Montgomery advertiser. [volume] (Montgomery, Ala.) 1885-1982, 1907-05-24

Chicago. May 2s-Wheat prices broke
more than two cents per bushei on the
realizing sales which were based on general
rains throughout Nebraska and Iowa
The market closed weak with the July
The September delivery was down 100
lac. July corn down MONO. Oats
were Nc lower and provisions TN 91shc
The wet weather swamped the wheat
market with the selling orders when trading
began and opening quotations showed sharp
Mc above to NC below yesterdays close
ing figures. Local and outside longs were
free sellers and there was also considerable
rains had fallen In Nebraska and Iowa. the
Kansas CROP according to early reports
day however. advances from Kansas City
claimed the reports from several points In
Kansas stated that the much needed rain
fall had made its appearance. This was
the signal for a renewal OF the bear raid
in the market which carried prices down
with rush. July selling off to ss%c. Sep
bulls throughout the entire day made SIREN
uovs efforts to bring about a rally but their
attempt proved Intellectual until within a
half hour OF the close when with the aid Of
cent above the low point of the day
Much Of this buying by shorts was due
wheat crop in Roumania was a total failure
owing to the drought The last five min
uteS OF trading witnessed another sharp
break in prices. due to renewed profit TAX
ing. decline of more than faur cents per
bushel in the prices of cash wheat at
Kansas City. helped to cause this final
break. The market closed weak.
July opened NC higher to 1kc lower at
81. 90 to 81 OK. sold off to sSMo and closed
lower at s1.o2 to s1.os. declineo to ssNc
and closed at 81. 0oh. December opened Nc
to INC lower at 81. ON to 1:osh. dropped
to 81 ooA and closed at $1.o1%.
Clearances of wheat and flour were e0ual
TO $4,000 bushels. Primary receipts
ceipts were $4,000 bushels compared with
Minneapolis. Duluth and Chicago reported
receipts of 314 cars. against Az last week
and 1874 year ago.
The general rains in Nebraska and Iowa
brought out liberal profit tang sales in the
corn market and caused a decline of about
two cents Pc per bus i,a. in the price # that
quite general selling by commission houses.
Elevator interests and cash houses were act
i've buyers 20, on the break The close was
lower at b2Ac to $3.50, sold off to 62kc.
and closed at 52kc. Local receipts were ia
cars with 18th, e Of s contract grade
depressing effect the oats market and
caused decline of from one to two cents
cry received better support than the more
distant options owing to the quite general
belief that the new crop of oats will not be
harvested In time to be available for deliv-
cry on July contracts. Cash houses and
pit traders were the principal sellers while
offerings were taken mainly by commission
houses. July opened unchanged to nc low
err at 46hc to 47Ac. sold between 46hc
and 47%c and closed at Ate. Local receipts
were 81 cars.
There little trading in provisions and
the market was weak because of continued
liberal hog receipts and the slump in grain.
At the close July pork eff 12%c at
SIC 52h lard was down 7hc at $9.15: and
ribs were ~ 71oc lower at 50. 90.
Estimated receipts for tomorrow: Wheat
IS cars; corn 174 cars; oats 100 cars; hogs
20. 900 head.