The Birmingham age-herald., 1908-11-21
SLIGHT ADVANCE
 IN WHEAT MARKET
Trading Is Nervous With Gen.
 .eral Upward Tendency
MARKET CLOSES STRONG
Corn Is More Active and a Strong Tone Prevails, With Closing Figures
 Hgher-Oats and Provi-
 sions Active and Firm.

Chicago, November 2O.-Active covering by shorts caused a strong tone in the local wheat market at the close final quo- tations showing net gains of 14@s4c Corn. oats and provisions also were firm.
 Nervousness characterized trading in the wheat pit and prices fluctuated over a range of To. The prevailing tendency was sales by longs caused several sethacks, but each decline was met by urgent buy Ing by shorts, which resulted in a fresh rally. Argentine advices and the con tinued dry weather in this country were the principal strengthening influences. One of the Argentine reports claimed that not more than 100000 bushels of wheat will be available for export from this years crop, while another dispatch stated that frost had been reported in some localities The bears derived some satisfaction from still another report which estimated the exportable surplus of wheat from Ar gentina at 149,O00000 bushels. Heavy re- ceipts both in the northwest and south west tended to inspire some selling throughout the day. Demand for cash wheat in the local market was dull and prices were steady. Duluth reported ex- port sales aggregating 25O,0O0 bushels, mostly of durum and low grade Mani toba wheat. The market closed strong with prices near the top, with December at s1.O4ss and May at $1.0Sas. Clearances of wheat and flour were equal to 520,0O0 bushels. Exports for the week as shown by Bradstreets were equal to 6,599, 300 bushels Primary receipts were 1,297, GOO bushels compared with 737000 the corre- spending day a year ago. Minneapolis, Duluth and Chicago reported receipts of 800 cars, against 7S2 last week and 52O year ago.
 Trade in the corn pit was more active and of a more general character than had been witnessed in some weeks, and a strong tone prevailed nearly all day. The market was bullishly influenced by the comparatively small receipts, arrivals be- ing very light considering the excellent weather now prevailing for the movement. Firm cables also inspired some buying. At the sample tables tho market for cash corn was firm at the start but eased off later in the day. The market closed firm with prices up h@Ac to asc. Final quo- tatons on December were at 635sc and May 63Ac Local receipts were 211 cars with two of contract grade.
 Oats were firm almost all day, and the volume of trade was very large. The feat ure of trade was buying of the Decem- Der delivery by shorts, who were dis turbed by the smallness of stocks of con- tract oats in store here. Cash handlers reported larger acceptanoes on overnight bids, but eastern demand was also said to be more active. The market for cash oats was strong at the start, but became easier later in the session. The market closed firm, with prices up 1s014c, com pared with the previous close. December closed at 491kc ard May at 51Ac Local re- ceipts, 112 cars
 Provisions were active and the market was firm, especially for pork and lard. The market was supported by coterie of grain men, who have been trading in pro- visions during the past few days At the close prices were up 5071ac to 22Q21ac.
 Estimated receipts for tomorrow: Wheat 46 cars, corn 26l cars, oats Al cars, hogs 23,0O0 head.