The Montgomery advertiser., 1907-05-14
CHICAGO GRAIN AND PRODUCE.

! Ibbard of trade crossed the dollar mark Both the September and December options passed that figure at the opening of the days trading. amid the widest excitement. Despite reactions throughout the day. caus-
 ed by heavy selling for profis. the market . the July option up tc at e5H 70 Nc. The | September option was 4c higher at s7%c.
 December was up 4hc at ssko. July corn
 Provisions were 7hc lower to 5012hc 1 higher.
 The opening of the beard today was the
 the organization. Tie buying movement l started by outsiders last week was more
 vigorous than ever today Brokers were piled high with orders 10 buy wheat at the l market, irrespective of price. The curb at Minneapolis was higfer. and it was ev-
 ident to all that prices would move up- l ward with a bound as soon as the gong | sounded.
 The general run of traders however, did not look for any such opening as occurred'
 Every option on the board with the excep- | tioni of provisions opened higher The ad- | vance in wheat ranged from O %c The
 latter was made by the December option. The reason for the advance were those which have been chronieled over and over again during the last ten days Reports of
 damage by green bugs" and continued cold l ten days reports.
 Higher prices were also reported from all
 of the continental markets Liverpool was especially strong because of the gloomy outlook in Russia. The weather bureau pre-
 dicted no immediate change that Will either
 help the winter wheat in this country the Northwest and Canada. Low tempera- | lures were reported from Manitoba, and 1t
 was said that in several parts of the rro- vince which have hitherto been counted on | to produce large quantities of wheat the
 rivers and ground are still frozen hara. Tne temperature west of Winnipeg today was not as high as S2 degrees.
 Many of the professional traders, believ- | ing that the opening was much too hlsn
 sold wheat vigorously all day. The heavy pounding from this carried July | down to 94%c; September to s6Bc and | December to ssRc.
 the market with their orders and all set
 backs during the day were but temporary.
 The market closed strcng. CT at 93c to 94c. sold between ss s697c. and closed 4c higher at e5&9%c September opened 1%c to 5%c higher at 95c to ssc,
 sold between s5c and 1ooh hc and closed 4c
 higher at 97%c. December opened bcQSc higher at 96hc to 103c sold between these two points and closed 4hc higher at 94bc
 The amount of wheat on ocean passage decreased 164S00 bushels. The visible supply decreased 1,s63.000.
 Clearances of wheat and flour were equal to 229 900 bushels. Primary receipts were
 s24.OOo against Ss3,ooo for the same day last year.
 Minneapolis, Duluth and Chicago reported
 receipts of sol cars against 6so last week
 and 154 year ago.
 Trading in the corn pit was active and in large volume. The market was strong throughout but the advance was largely in sympathy with the wheat Shorts were
 active buyers and commission houses the
 best sellers. The market closed strong. July opened S. to 1Sc higher at 52c to 53c. held within the opening range all day and closed 1@1hc higher at 52%@ | hc. Local receipts 24s cars, with 45 pf contract grade.
 The tremendous upturn in wheat imparted strength to the oats market and within O short time ofter the opening prices were up &@1c. A part of the advance was caused on buying orders and much of 1t by the anxious covering of shorts. July opened ssc higher at 45c, sold be- tween 44%c and 45hc and closed h a Ac higher at 44%@ @%c. Local receipts were 295 cars. 4N | Packers were constant sellers of provis- ions today and prices were easy earlier in the day. Later ribs and lard advanced on
 good general demand and in sympathy
 with the grain market. July pork closed lower, being the only option under the clos ing price of Saturday. At the close July pork was 75Ac lower at s16 95. Lard was up 12hc at s9. 50; Ribs were Dc higher at ] $9. 25.
 1 Estimated receipts for tomorrow: Wheat s7 cars; corn 323 cars; cats 364 cars; hogs | 17,000 head.