The Montgomery advertiser., 1909-04-23
BREAK 1E WHEAT
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chiesso. April sa.--WnsAt prices broke shsrply .ssaia today. the yuiy delivery sell
 ss'si asss s.ssA.a saA dsiss ss: sis' sse ss sationsi bear fstdsof Iast TnssaaS. Borne ss .ss., ss sss:s.s ssss sss as' Sg. o ssss sss sasss q. fss spSss .sss sss:. ssss ssss.s a ss ss.s.ns s sy ish shsfaetsr. and by tEs sshsrsiis favofa-
 ofesi s ssssss srsy a shs s Sssss ss.s s'sa ports of wheat from Aresntina. placed the
 ss 4 Ss sssS. ssss ss sfs ss.S S's ;ss sa Eissspoo msrist I aiso % ~ss 'sS ~sss with prices iss s;sins' .na of Ssy ss rl s'sas iis oS S
 ss:sn ss sisais sy r ,A.a q i ls:a .r'ls ::
 < ss ~. , a.ss sa ssy.., fss 'ss sr .s nearly i is on a' crsli, @ ssAis3 brought rs out y were Ac lower to Nc hishsr with May {. bss ssss E .sn essl z: 'is sse.Di. s were were sssia small and Ercspscss for any material
 osts prices were firm at the start but al. g veaksned aions with wheat and corn. May epsssd sss ., X iowsr te s higher at ssHe rsSssIsa. ea 's's ssrs s,s ssis. ana firm advance In live hsss offsst for time the sasisf ssps of xs.in Prices at the start
 as: of ss shsss yer. 2, thf p s day and n a, nss f. 'susI M ' The feRSsa si5ss va. Sss weak at 'sf ssst sss Isssss % sf x''s R ss sos%S sra e'f for July and si,si fsr May. s.
 cslsss sss aAsE AsR sHonTsa .ssss.'sa., cf wheat today marked what IS considsfsd famous bull earnpaisn engineered by James bs ssn asE.t ana ia, e.teris of his folowers ter Juiy had sold at % si .esx @ and P May at ions were. affected by the severe slump in nquidatiop was the order of the day in I the wheat pit From the clang of the open ing bsll to the cIose. lcns wheat was dumped Into the pit and the decline was precipi- tate at times that commission houses were considered fortunate if they succeeded in executing stop loss orders within &c of the
 There were times ahring the day during NbwI wnsrn seysrisx ', E by shorts or by owners of realisins sales but these were brief as d rule. Al the low point of the day the s sse9snsf s,as oss of .Me break of sHe for July compared W with -i inc s
 
 which was just one week ago, and decline
 The efs;whhiis leader of the bulls was left the city ysaterday on western trip. The Patten house, however. was well repre- @hs A s.pdy ss ssR sommlssoa Sssses. aiso Was 0sasr on an ss1sas sof credited With sases autina tRe UAVi dsn aSsrss s satins between 6,evq.uoo and 1oeo, ,ooo bush els. Ms.ntitns several things tended to of q scarcity of wheat
 The wheat producing countries of the As being extremely short of tho cereal were ia:t wss. l. ssssTa,ns ,o ss%iotfiglal ssti out a.soo, eco busheia. which Is nearly 5oo. 900 bushels more than were shipped the prev set down as being completely annihilated ef wheat. exported more than soo,eoe bush
 At the same time advices from all sec tions of the winter wheat belt in this coun- try told Of generAiy favorable conditions for sss aps @ar. sss sh ss ths tS. f1 set s,,, being I cn q penny despite tha modest @s The % snsrSst sseS spesssa wsas Al net ascl,hss 3f h@isse. July bsins at si.isK@ ,IS Irs the first i. 4 fss minute. in, ,,ls sas gss ss brought out fresh realizing sales. This pro- eedhre was repeated throughout the entire day, with the exception that on each break prices dropped little lower than in the previous drive At the bottom July sold at ti. osx; May at si 20& and September at si.0l& Final quotRtions were 31, ,0sN 010 for July and $i .21 for May. a net loss for the day of precisely four cents for each op- tion,
 After advancing to . new high record mark for the May delivery the corn market weakened In sympathy with the severe slump in wheat and closed at net losses of &01Mc, compared With the previous close. The highest point touched by the May option was 72c, which was reached soon after the opening. There was considerable profit taking in that delivery and the more distant futures were subjected to short sales because of improved weather eondi- tions in the corn belt During the day May sold between 7oAc and 72O. and closed at f0K @%. 4
 The break in wheat a decline of A O hc in the price of the cash grain and more fay erabie weather for farm work caused heavy selling of oats which resulted in declines at the close ranging from M9A to %c. com pared with yesterdays final quotations. The May delivery ranged Between bsAc and be Nc and closed at 6sQKe.
 Provisions weakened on selling based on the declines In grain. after the market had displayed moderate strength early in the session as q result of 5@10c advance in live hogs At the close prices were a shade to 17Ac lower.