The Montgomery advertiser., 1909-03-04
HIGH RECORD IN PRICES
 OF GRAIN IS REACHE D

Chicago. March 3,-New high records for the season were established by wheat. corn and oats on the board of trade today. May wheat, tho supply of which is concentrated in the hands of a prominent trader. led the adsanoe by touching VI .lsh. wnich wl.n- n uiator mentioned some mouths ago and only two cents under the highest price or
 July advsncsd to ,i o7. The sdvanos in the later delivery was based on damage re- ports from the principal winter wheat prove to be an "old crop" month, that Is. a month in which deliveries on contract would nave to be made from the previoa.
 The record breaking rise in corn and oats was due to sympathy with wheat. May corn sold at e7kc and May oats at seh".
 CHICAGO GRAIN AND PROVISIONS.
 Chicago, March Skew high records for the season were made in wheat, today. Wheat for May delivery sold at 1.19 1-2, while at the same time the July option touched 1o7. Coarse grain followed wheat in its upward course. May corn selling at s7 S-4 and from the top on realizing sales. but at the close wheat showed net gains for the day of Is to 1-2 to 5-s fer the two leading months. Corn, oats and provisions closed firm.
 Sentiment in the wheat pit was ex- tremeiy bullish all day and trade was of large volume and of general character. Leading bulls were active times throughout the day and this inspired large amount of covering by shorts.
 Commission houses in general were deluged with buying orders from out siders as a result of the crop damage reports which have been a feature of news during the past few days. Many additional adyices were received here tSsA He m ens sown Of erops ps many of this country. particularly in Texas. Another factor that contributed to the strength was the alleged small re- During the day May sold between
 IS 1-4 and 11s 1-2 and July between 1o1 5-s and 107. The September delivery touched the dollar mark. The distant deliveries eased off consider regular. September showing net loss of 1-+ and the nearby deliveries a gain of Is to 1-2 to 5-sc. the latter
 All deliveries of corn touched new high marks as a result of an active general demand based primarily on the bulge in wheat. The market. however. by receiving houses that country deal CTS were selling little corn. owing to this slow. movement. the price of the cash grain advanced SAC. The top point for the May delivery was reach ed at 67 S-4. July sold up to 67 and September to 66 1-2. Prices reacted a trifie because of realizing sales. but the market closed firm at net gains for the day of IA to 3-S to 3-S to 1-2c. Final quotations on May were 67 3S to 1-2 and July 66 5-S.
 New high records for all deliveries of oats were also scored. the top price for May being 56 1-2 and July 51. The market closed firm. with prices up 1-S to IA to 5-Sc. compared with yes terday's close. final quotations on May being at 56 Is and on July 50 Iii to 5-S
 Provisions were close second to grain in the strength manifested throughout the day and at the close prices showed a net gain of 1-2 to 12 1-2c compared with yesterdays close. Shorts were aggressive buy CTS early in the day. owing to the smallness of the movement of live hogs at the leading Western packing centres. arrivals today being estimat- ed at TABOO head compared with 117,- 500 the corresponding day a year ago Strength of grain also had a bullish effect.