The Montgomery advertiser., 1909-05-08
sharp Rally in Prices.

was 7.2. < sharp Rally in Prices.
 crop report struck the board of trade today sharp nsn RsSs' Isiy of wsss sSe ass n Juy 1sea @
 in September and aAc in December from ths5 rspessys s.d os pein. small crease in acreage and under early selling. mostly of a profit taking nature. options Sep to ac U~ in July fs from the bsst price of ''f The i sovernmsnt report. showing de- slight slight bstterm.n % % in ss the Condition 90 caused @ a sharp buying raTiy under which the market adysncsd to the ess. Prisss of ,sa tn: day new crop months. September and December. the former rising to q. of ana the latter to q. 1.o5K.
 sharp Breaks Tn July.
 New York. May 7.-There was a sharp break in July wheat today before the announcement of the governments s crop report, on rumors that the figures would be bearish. After having sold earlier In the day at 12z 1-2. July fell rapidly to l20. On the publication of the governments statement of eondi- tions the traders turned in to buy and July rose to 122 after which 1t react ed to 12I. May held the upset price of iss Ia without business.
 CHICAGO GRAIN AND PRODUCE.
 .ro, on,cago. May 5;--wheat traders who had grown accustomed to the pyrotechnies of the May and July options were treated to a nov- city today when the deterred futurss Sep sA and 4Hc following the pubiicatIon of the bullish Government crop report. The market closed strong at net gains of 1Qs% tations Cora closed easy. oats steady ana provisions firm. -''
 uctuatons in tSe wheat an pi, lar witS trapasns paFsls also cratic, business during the first hait of the session being rather limited while One nctsbie feature which stood ou: proiri. nentiy above all others was the relative strength of the distant futures. particularly the December option which closed al q net gain for the day of s&c while the July and May deliveries showed gains of onlv Re
 Trading today centered around the govern ment crop report and it was not made pub ltc until noon (Chicago time), the period prior to that hour was lacking In features the price of the July. delivery just before the S. appssEsncs ssEs, of the soysrn.nsnt the previous close. the hesvinsss at the the decline of xd to iAd que at f Iiysrpooi a PrieSs however. quickly advanced on an active demand from deferred futres based malniy and on the official forecast of small like lihood for showers in that state today or day the July delivery siamped @ % Violently T oW s%- ing to general selling much of which was of 2 stop loss character prompted to large dropped to s1. 1sh after having sold al s1. IT h. earlier in the day. The more de- | ferred futures declined more than two cents | selling off to t1 olX and s1.osh for Sep tember and December respectively.
 Following the publication of the govern reDort. Jnlv a fo 41 1T Z s1.O7S. According to the official statistic, appreciated less than one per cent. which was a much smaller improvement than had been anticipated. The report also showed age planted last fail. Sentiment continued I extremely bullish the remainder of the day snd sae ffss SSy and sold between iI.27% and q. .ss and closed !
 Corn advanced to new high record marks for season early in the day. May selling ur spouss ons Sad Ssr y 1e reaS ..sa bsS SP'Irn rs suited in a sharp reaction. May dropping tc 7l%c and July to ss%c. The early strength was due to continued light receipts. Fol. lowing the late bulge in wheat the market | reEained much of the lost ground and closed about ,sy steady. althoHsh prices % were were @ < closed at 72%c; July at sskc!
 Oats also scored new high record mark' | early m tne eessfon when Hay sold at 5St and July at 52hc. Buying by shorts and | cash interests was the reason for the fresh upturn. The market weakened in sympa, | thy with the break in other grain but rallist | later and closed steady with prices unchang | ed to Ac lower. compared with the previous | close. Final figures on May were at 58Mc | and on July at 51&@Rc.
 Provisions were easy early in the day but became quite strong during the last half oi l the session. owing to a scarcity of offerings Decreased receipts of live hogs at Western | euce late in the day. Prices at the close were 21S 65c to 12kc higher than yester- | days close.