The Birmingham age-herald., 1908-09-13
WHEAT IS NEARLY
 ONE CENT HIGHER
Market Is BuIIiSh In Spite of
 the Heavy Movement
RALLY FOLLOWS SELLING
Heavy Sales for Profit In the Corn Market Are Followed by a Rise. Oats In Sympathy With Corn
 and Provisions Strong.

Chicago, September 12.-The statement today by leading bulls of lines sold out yesterday caused strength in the wheat market, final quotations showing net gains of ssQa4 to 7sc. Corn and oats closed steady while provisions were strong.
 The wheat market displayed consider able bullishness nearly all day despite the record breaking movement of new wheat in the northwest. A slight dip oe cured during the first half hour due to selling based on the liberal receipts at Minneapolis and Duluth, but the market soon rallied again and continued firm the remainder of the day. Arrivals today at Minneapolis were 5S6 cars and Duluth re- ported receipts of 520, while Winnipeg followed closely with 3S7, compared with 36 cars year ago. This enormous move ment failed to affect the market to any great extent because of the fact that the demand for cash wheat in the northwest was more than equal to the supply and the days entire receipts were eagerly taken by millers within an hour after they were placed on sale. A few of the bull leaders who were free sellers yes terday gave the market vigorous support today and this buying was largely re- sponsble for the firm tone which pre- vailed the greater part of the day. High- or cables continued dry weather in the southwest and firm markets for cash wheat at all grain centers in this country were factors that inspired buying. some export business was reported today, z boat loads in all, with six loads Iron Chicago The market closed strong al almost the highest point Clearances of wheat and flour were equal to 172,0oe bushels. Primary receipts were 1,656,OoO bushels compared with SSO, the core spending day & year ago. Minneapolis, Duluth receipts 1,127 cars, against sS1 last week and 427 a year ago.
 Heavy realizing sales caused weakness in the corn market early in the day, par ticularly in the September delivery which declined one cent during the first hour. The market, however, became "oversold' and in an attempt to cover earlier sales pit traders soon bid up prices to abou the opening level. The situation in the corn belt remained unchanged, clear weather prevailing In all sections ane there was no prospect of any immediate break in the drouth, the official forecas being for clear weather for the next 3i hours. More reports were received today telling of damage to pasturage by the dry weather and many of the advices claimed that green corn was being cut and fed to stock. The market closed steady with prices 1be higher to ssQ1 lower. Local receipts. 297 cars, sixty-six contract grade.
 Early weakness of corn had a depress ing effect on oats but later in the day the market became quite firm, owing to buying of the May delivery by leading cash interest. Trade in general was quiet. An improved demand for cash oats was in evidence and this inspire-i some buying of options. The market closed steady with prices unchanged to 1sc lower; local receipts, SIS cars.
 Trade in provisions was on large scale and the market displayed decided strength. The bullish sentiment was due chiefly to the marked falling off in hog receipts at western packing centers and to the poor quality of hogs being receiv ed here the majority of arrivals, it was claimed, being very thin. The high price of corn was said to be the reason for the poor condition of swine. There was good buying for foreign account and To- cal packers and shorts also bought free ly. The market closed strong at the top notch with prices up 71s to 25 cents con- pared with the previous close Estimated receipts for Monday, wheat, A cars corn, 230 cars, oats 233 cars, hogs, 36,000 head.
 Leading futures ranged as follows: