The Montgomery advertiser. [volume] (Montgomery, Ala.) 1885-1982, 1907-05-07
CHICAGO GRAIN AND PRODUCE

Chicago May 6.-Wheat prices in the To-
cal market today advanced from a point
quotations of Saturday to almost &c above
that mark. At the close the July delivery
showed a net gain of l y a NC Corn and
oats were each up a quarter PROVISIONS Were
1914 q15c to 30c higher.
The sharp upturn In wheat was caused
by revival of the fear of damage by the
green bug" and the weather The belief
that the acreage sown to spring wheat viii
be much smaller than usual because Of the
continued cold weather also strengthened
the market The wheat pit was flooded
with damage reports from all sections Of
the country. The report causing the great
est disquletude came from Winnipeg ana
claimed that the wiptry weather In the
Northwest had caused shortage OF from
twenty-five to forty per cent. In the wheat
acreage of the Canadian Northwest and de-
claring that the same conditions prevail in
Minnesota and the Dakotas. A sharp ad-
vance in price at Winnipeg partly confirm
lions in the west and Southwest were much
more favorable for the growing crop. dam
age reports from these sections were as
numerous today as heretofore the claim n
being made that the warm weather If
bringing out more clearly the blightfng eff
feet of the previous drought trading was
very active all day. The market opened
weak because of the reports of wet wealth
err in Kansas, Nebraska and other winter
wheat states. Low prices at Liverpoo tNand
bearish weekly statistics also encouraged
the bears. Before the end of the first
hour however. sentiment changed and dur
ing the remainder of the day, the prevailing
sentiment was extremely hullish. Commits
sion houses led in the buying. The mar
ket closed strong.
July opened Ss-B NC to y a Nc lower at
sSAc to 83hc advanced to s5%c and clos
ed at S5$
ciearances of wheat and flour were equal
to 1853 900 bushels. The amount on passage
increased 2,752, coo bushels and the visible
supply decreased III. 900.
Primary receipts were 100000 bushels.
against 9a4, 900 for the same day last year.
Minneapolis, Duluth and Chicago reported
receipts of 500. against $40 last week and
244 year go.
The corn market was weak early in the
day on active selling by elevator interests,
but rallied in sympathy with wn eat. Pr
traders took the larger part of the offer
ings The market closed firm
July opened &c to Z a &c lower at 4eA
n * G to 49%c, advanced to 50bc and clos
ed at 1870. Local receipts 242 cars, with
43 of contract grade.
Oats were sold freely at the opening be-
cause of the wet weather In the West and
Southwest The market for a time was
quite weak Damage reports from Kansas
and Indiana together with the strength of
wheat brought about substantial rally
later in tho day The market closed firm
July op. 4 a a to NC lower at 42Mc to
q and a vanced to 42ss % Rc. and closed
at 43c. Local receipts were 220 cars
Provisions opened weak because OF low
er market for live hogs. but later the mar
ket became strong on active buying by
shorts and commission houses. The demand
for lard and ribs were especially brisk, at
the close July pork up soc at $le.2
Lard was 15c higher at s9.O2h. Ribs were
12hc higher at SO, 90. Estimated receipts
for tomorrow: Wheat Sc cars corn 446
cars; oats 441 cars; hogs 10000 head