The Montgomery advertiser., 1908-09-02
cHIcAGo GRAIN AND PRoDucE.

Chicago. Sept. l.--An advance or neaTiy 2c in the price of wheat for September delivery due to urgent demand by shorts caused general strength in the wheat mar N@Mc to isc. Corn and oats also were strong. but provisions closed easy.
 Interest in the wheat market centered in the dealings in the September delivery and in the sharp advance in the price of that option growing out of its congested day and closed at almost the top point. At the opening prices were a shade lower to %c higher. quotations in September being at s5%c to %c and on December at s5A to
 A moderate advance at Liverpool was partly responsible for the initial firmness Shorts and cash interests were active btd- ders for the September delivery, early in the day and continued to bid freely through of the day also helped to strengthen the market. One of the principal factors or bulish nature was an estimate on the worlds crop of wheat made by the hungass rian minister of agriculture which placed the entire yield this year at 55,00O bushels less than last years crop. This estimat. mat ed falling off in the yield together with the generally recognized depletion in the worlds reserves. 1t was claimed. made the Al tie same time the cash wheat situa- tion in the northwest was also builish. the markets there ruling strong despite liberal
 Red winter wheat in the cash market here firm but the hard winter variety which is not deiiverede on contract was ins 
 by the September delivery during the day was s7Mc. December in the meantime sold up to ssA9 9%S The esnr markss snS siossa ps. cember at 96hc.
 Deliveries on september contracts today were 95o.0o0 bushels. Clearance of wheat and flour were equal to 5s2ooo bushels. The worlds visible supply as shown by Bradstreet's increased 2.775.000 bushels |: Minneapolis. Duluth and Chicago reported receipts of T5s cars against A last week and 754 last year The faiiure oI the as predicted frost to matertalize last night m Nebraska caused considerable selling or corn at the start which resulted m shent m came strong owing to active buying by To- cal bulls. the September delivery showing special strength. One of the chief ouliIsn pert which claimed that the new crop of corn in the west is the poorest in eonoi- tion of any crop since 1901.
 Prices at sample tables were half to one cent higher and sales were estimated September was reached at 7sAc. a new market closed strong with prices up, to iMc September and December closing at the top. at 7shc and 67%c respectively . Local receipts were 4O7 cars with 1o4 of
 Sentiment in the oats pit was rather bearish at the opening because Of local re- ceipts which were nearly 100 cars ,snr more soon followed other grain in their upward movement and continued firm the balance of the day. The market closed firin | with prices up A Q to %c' Local recelols Liberal receipts of live hogs at Western | backing centers caused weakness Tn pro- | visions, sentiment being bearish all day. | The market closed easy with prices un | changad to IT ikc lower. ..- .-.-.. Estimated receipts for tomorrow: Wheat | 5s cars: corn 192 cars: oats 2lo ears;nog' l 23.o0o hesd.