The Birmingham age-herald., 1908-08-28
WHEAT MARKET |S SOMEWHAT WEAKER Good Harvesting Weather Aids
 the Decline NO CALL FOR CASH WHEAT Small Receipts and Good Demand For Cash Grain Causes Strength In the
 Corn Market-Oats and
 Provisions Firm.
NO CALL FOR CASH WHEAT

Chicago, August 27.-A slackeninp in ex- port demand and generally favorable weather for the movement in the north west were factors that contributed to an easy close in the local wheat market to- day. Corn, oats and provisions closed firm.
 The wheat market was inclined to be weak at the start, opening quotations be- i1S unchanged, B@Ac lower. The infiu- ences that created this bearish sentiment Tn the lower cables and weather cond- uons In the spring wheat country The ram predicted for last night for Mime sota and the Dakotas failed to ma- terialize, except in portions of Minnesota. and reports received today indicated that although harvesting had been somewhat delayed across the international boundary line by wet weather, the crop in the Can adian provinces would be ready for the market at an early date. Toward the end of the first hour the market became firm, owing to buying of September by shorts and cash interests, the latter talk ing the nearby delivery and selling De- cember This resulted in a narrowing of the premium on December to only %c above September and caused September to advance from 93Ac to 95c. Sentiment be- came oearish again late in the day. and prices yielded to fairly liberal profit-tak- Ing by local holders. The weakness was partly due to the poor demand for cash wheat With the exception of a few bids for durum wheat and for hard win ter wheat for August loading, there was no export demand today and no cash sales were reported New York, how ever, reported 10 boatloads for export. The market closed easy, with prices 40 ase higher to 1saAc lower. September closed at 9415c and December at 94s4a947sc Clearances of wheat and flour were equal to 4s4,000 bushels. Primary receipts were 7SS,Ooo, compared with 670,00O the cor responding day a year ago. Minneapolis Duluth and Chicago reported receipts of 412 cars, against 213 last week and 22O a year ago.
 Small receipts and an excellent demand for the cash grain caused strength in the corn market. Offerings in the pit were light nearly all day. Receiving houses re- ported that almost no corn was being of fered from interior points. The price of the cash grain was higher and total sales were estimated at 100000 bushels
 The market closed firm, with prices 40 ssc above yesterdays final quotations. Local receipts, 25s cars, S9 contract grade.
 Oats were strong all day The May delivery advanced to 52c, a new high point for the crop. Offerings from the country were very light and the shipping demand was fairly brisk Cash sales here totalled 10000 bushels, and prices at the sample tables were up 1ao.
 Oats were firm all day practically, May advanced to 52c, a new high point for the crop. Offerings from the coun- try were very light and the shipping demand was fairly brisk. Cash sales here totaled 110, 900 bushels, and prices at the sample tables were up 1ac. The market was bullishly affected by the weekly report of a Cincinnati trade journal which claimed that the new crop of oats would prove a disappoint- ment as to the yield and as to the quantity of light weight grain The close was strong with prices up ss hc to 5sc. Local receipts were PIT cars.
 Provisions were firm, owing to small CT receipts of live hogs at western packing centers. Total arrivals today were estimated at 46,0O0 compared with 73,000 a year ago. Local packers were disposed to buy because of an i'm provement in shipping demand. At the close prices were shade to 12hc c high CT than the previous close.
 Estimated receipts for tomorrow Wheat, 51 cars; corn, 221 cars; oats 219 cars; hogs, 15,000 head.
 Leading futures ranged as follows: