The Montgomery advertiser. [volume] (Montgomery, Ala.) 1885-1982, 1909-05-29

OF this Northern spinners and Cam
ada took 2:47SooO bales this year
the year before; Southern spinners g..
$4,000, against $4,000 last year, and
2.09S,OO0 the year before; and foreign
spinners $4,000 against 6,412.00o last
year. ana S'o4S,ooO the year before.
CHICAGO GRAIN AND PRODUCE.
Chicago. May 28.-Additional unfa-
yorable reports regarding the wheat
crop OF Kansas caused an advance in
wheat prices today. but nearly all the
gain was subsequently lost on profit
taking. prices at the close being un-
changed to l cent higher compared
with yesterdays final figures Corn
closed firm, oats easy and provisions
fairly steady.
Although the wheat market display
ed considerable bullishnes at various
times during the day. enthusiasm In
the pit was not of such a character
as TO suggest any unusual deinonstra-
tons for the termination tomorrow OF
! me famous deal, in the Nav delivery.
shorts in that option, but offerinrs
were fairly liberal at all times and at
the high point Of the day the price Of
that delivery was still cents below
the best mark Of the season. recorded
few days ago.
The market opened rather weak ow-
ing to bearish foreigA advIces which
were reflected In declines at nearly all
Ideal weather conditions In this coun-
try for the new crop and to liberal
receipts in the North~ est. One of the
factors in the forcing situation was
heavy shipments of wheat during the
week from India. the movement being
placed at 1,5S4.000 bushels An esti-
mate on the total movement for the
world forecasted an increase of nearly
previous week.
Toward the middle of the session
the market rallied materially on buy-
ing based chiefly on a second report
vestfgating the wheat crop in Kan
sas The report today which is sun
plemental OF one made yesterday and
winch covers several of the principal
claimed that the outlook was for only
about half crop. An improved demand
Tor the cash grain also inspired buying
OF sne optIons. The market with the
again late In the day on profit taking
and closed about steady. During the
gay the May delivery sold between
l31 7-8 and 13a IA and closed at fSa
Deliveries on May contracts announced
after trading had closed for the day
We're larger than had been expected.
being $1,000 bushels.
Liberal receipts and ideal weather
conditions for the newly planted eron
had weakening effect on the corn
market at the start, but sentiment soon
became bullish and during the remain
der OF the session the market displayed
considerable strength. Prominent
shorts We're active buyers during the
greater part of the day. The change
In sentiment was due chiefly TO an act
I've demand for the cash grain bv shin
pers which caused an advance Of I
cent in the price of corn. The mar
ket closed firm at net gains of is to
Renewed profit taking in oats caused
a sharp slump in prices at the start.
put the May delivery recovered all OF
the lost ground. advancing more than
cent on covering by shorts. The
more distant deliveries, however. were
inclined to be heavy owing to favor
abb weather conditions for the new
crop. The close was firm for NAV. but
easy for other deliveries. Anal quota
tons being SO higher to Ia to "a
lower than yesterdays final quota :
Trade in provisions were inclined IN
drag and fairly steady tone was
manifested all day. At the close prices
were 2 liz lower to 10 cents higher.