The Birmingham age-herald., 1908-12-11
WHEAT MARKET
 IS VERY NERVOUS
After Violent Changes Prices
 Close Without Loss
EXPORT BUSINESS LIVELY
Corn Is Weak All Day In Line With Wheat But the Close Is Almost Unchanoed-Oats and Pro
 visions Close Firm,

Chicago, December 1O-Wheat prices on the local exchange fiuctuated violently to- day over range of 11sc to 124c. but at the close were almost unchanged. com pared with yesterdays final quotations, the market finishing firm at almost the highest point of the day. Corn, oats and provisions also closed firm.
 The wheat market was extremely nerv- ous nearly all day, and sentiment in the pit was generally bearish until late in the session when prices advanced sharply on buying by leading longs and local shorts. The market opened weak with prices unchanged to 9sc lower, with May delivery showing the greatest weakness. Toward the middle of the day, and after several slight sinking spells the market became almost demoralized as @ result of general selling inspired by liquidation by several of the bull leaders. Prices broke more than a cent and the decline was checked only by the efforts of the big holders, who quit selling temporarily and began reinstating lines sold out earlier in the day. This resulted in prices advancing to new high points for the day. May ranged between $1.06 and $1.7OM and July between 9S2sc and 997se Final quotations on May were at $1.O71s@1 .O75s and July 99$4c. Cash wheat was in better demand and held firm. Export business was more brisk and 36 boat loads were reported worked" for the day. The Missouri crop report made the acreage sown to winter wheat in that state 50O,00O acres s,, 1aT1f r0- ports and the condition was estimated at 79, compared with 90, the government esti- mate. On the other hand the Kansas re> port raised the governments estimate of yield for that state by 100000 bushels, and made the condition 90, against 92, as shown by the government.
 Clearances of wheat and flour were equal to 57S,0oO bushels. Primary receipts were 57O,000 bushels, compared with l,O75,O0O bushels the corresponding day year ago.
 Minneapolis, Duluth and Chicago re- ported receipts of 236 cars, against 3SJ last week and 545 year ago.
 Corn was weak nearly all day, owing to free selling by leading cash interests. The slump in wheat and a decline of 19c to 1c in the price of the cash grain were the principal depressing influences The market rallied late in the day in sympathy with the upturn in wheat and closed firm with prices unchanged to a shade lower compared with the previous close. Fore cast of unsettled weather for the corn belt was a bullish factor
 Final quotations on May were 62c and July 62Q62Bc Local receipts were 36o cars, with A of contract grade.
 Oats were affected chiefly by the tiuctu- ations in wheat, being weak early in the day and rallying late in the session. Of ferings from the country were light and receipts were small. At the sample tables prices were steady to 14c lower for the cash grain. The market closed firm with prices 1sc to ssc higher, with May at 53A Q533sc and July at 473ac. Local receipts were S5 cars.
 Provisions were firm, owing to smaller receipts of live hogs. Trade, however, was rather limited, owing to a scarcity of offerings. Prices at the close were 212Q5c to 10Q121ac higher.
 Estimated receipts for tomorrow: Wheat, 20 cars; corn, 3S4 cars; oats, 105 cars hogs 2S,000 head.
 Leading futures ranged as follows: