The Montgomery advertiser., 1908-11-12


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 CHICAGO GRAIN AND PRODUCE.
 Chicago. Nov. l1,-Wheat prices on the local exchange to-day touched high sS Tssord for the and Msy iOS. Reaiizing sales caused a slump from the high level. but. the market closed firm. Corn was also nrm ano aIl though wheat prices soafed to new high record point for the season, sentiment in the pit was not so in5 during the previous session, but the eraI scale. The fact that the, Euro feebly to the sharp upturn here yes terday was one of the chief reasons for heavy selling pressure by. small sSeEs bSsisrs during Mnsh the ya dsy. Part of the selling, however, was brought out by additional rain in the Ohio valley. chief Incentive to buy wheat, although the total business for the day was much less than that of the previous day: A report fr9m rem Dyi11h Oy hsst that haa been sold there for shipment to Ger. many caused comment. Total export business for the day s%sr.s was estmStsd lnnorta were received regarding the condt- ton of the wheat crop in Argentina, which claimed that the crop in the endangered by drought. These ad- vices helped to create additional bull ish sentiment The market. after huc- closed firm with prices unchanged to 1-2 to 5-sc higher. Flnal quotations on December were at lO9 3-S to 2c.
 r The e" worid's S visible supply as shown by Bradstreet's increased 1-s92,000 bushels. Primary receipts were 946,- bushels the corresponding day year
 The corn market was inclined to be weak early in the day, owing to real developed during the last half of the session as result of buyin- based on an improved expert dema% One direct shipment abroad and total ex- port sales were estimatedat 275.OOo bushels. There was also. general shippers. Although reports claim that offerings of corn in the country are | increasing. local receipts are still very small. The market closed firm with prices 1-4c. lower to 1-sc. high CT. with December st s2 3-s and May at 62 1-4 to 3-Sc. Oats were firm the greater part of the day. but eased off on profit taking and closed about steady with prIces unchanged to IA to 3-Sc. lower. An urgent demand for cash oats by Eastern shippers was one of the main reasons for the early Hrm- ness. further advance in the price of barely for milling also added to the strength. Provisions were rather weak early in the day because of con- tinued liberal receipts of live higs. Later the market became frmer on buying by stock yards interests At | the close prices were 5c lower to 12 1-2c. higher
 The leading futures for the day ranged