The Birmingham age-herald., 1908-09-04
WHEAT CONTINUES
 ID GAIN IN PRICE Big Demand for Flour Is Cause
 of the Rise PRIMARY MARKETS HIGHER Fear of Frost Causes Lively Demon stration of Bullishness In the Corn Market and Prices Advance.
 Oats and Provisions
PRIMARY MARKETS HIGHER

Chicago, September 3.-Wheat prices on the local exchange today advanced nearly Pc from the low point of the session, which was chiefly confirmation of the enormous sales of flour at Minne apolis yesterday. All of the advance was not maintained but the market closed strong with prices up A o 5s to M@1Ac. Corn also was buoyant and closed at net gains of IA O Ac. Oats and provisions showed moderate gains.
 Bullish sentiment was rampant in the wh eat pit almost all the entire day, but quilted down considerably late in the session owing to fear of possible heavy realizing sales The market showed some weakness at the start be- cause of the poor response of the Liver pool market to the upturn yesterday but a firmer tone developed as result of active general demand by commis- sion houses. Export houses here claimed that the early bids for wheat for eX- port were numerous but that the sub sequent advance carried the market out of the export zone. Cash wheat at the sample tables was in fair demand and the premiums were the same as yester- day, 1c over September No. red, ana the spot price 1ac over for No. red. Prices continued to advance until late in the day, when a reaction occurred on profit taking. A Pc advance at Minneapolis contributed to some extent to the sharp bulge here. The market closed strong. Clearances of wheat and flour were equal to 2S5,000 bushels. Primary receipts were 862.000 com pared with 1,111.000 bushels the cor responding day a year ago. Minneapo- ceipts of 616 cars, against 412 last week, and 352 year ago.
 Fear of frost caused lively demon stration of bullishness in the corn pit, which resulted in an advance of 1c in the price of the distant deliveries dur Ing the first hour. The weather bu- reau's long-tim prediction for frost next week throughout the north cen tral states and this in conjunction with reports of frosts last night in parts of Illinois brought out an urgent demand at the start. The September delivery was inclined to drag following a firm opening, there being considerable real izing by longs. Cash corn was steady to @ shade easier. The market for dis tant futures held firm all day and closed strong. Local receipts were 209 cars, with 46 of contract grade.
 Oats were active and strong early in the day in sympathy with wheat and corn, but quieted down later in the session. Local bulls gave the market good support and there was also buy ing by shorts. Cash oats in the sample market were E sc higher. The close was firm. Local receipts were 219 cars.
 A decrease of about 12.000 head in the hog receipts at western packing centers compared with arrivals the cor responding day a year ago had strength ening effect on the provisions market, firm tone prevailing all day. Buying of October lard and ribs by local packers was a feature of trade. The market closed steady.
 Estimated receipts for tomorrow: Wheat, 450 cars; corn, 21S cars, oats, POP cars; hogs. 15,000 head.
 Leading futures ranged as follows: