The Birmingham age-herald., 1908-10-17
NEW FACTOR IN
 WHEAT MARKET Report of Frost In Argentina Is
 Heard BULLS TAKE ADVANT Force Prices Up More Than a cene During the Day on the Strength or re Report-corn Is
 Also 3trcng.
BULLS TAKE ADVANTAGE

Chicago, October 16-A new factor in the shape of a frost in Argentina made its appearance in the local wheat market today and the bulls took advantage 9f the situation and forced prices more than 1c above the low point of the day. Prices at the close were 1sc lower to 12c to Dc higher. Corn and oats wfre firm but pro visions were weak.
 The wheat market opened easy with prices a shade to 3sc lower. During the first few minutes of trading prices dropped still lower, but the market ad- Yanced again and held strong the balance of the day. Final quotations on Decem- Der were at $1.0O3s and on May at $1 .0Sss. At the start the market was bearishly affected by a sharp decline at Liverpool, as indicated by an early cablegram to the. local exchange; the lower prices abroad being due it was claimed to more liberal offerings of wheat from Argentina. A later dispatch, however, told of a subse- quent rally at Liverpool, and this caused an advance here. There was some sell ing during the first half of the day, based on an official forecast Of showers tonight in Nebraska, but the report of cool weath. CT in Argentina completely offset this in- luence
 The report claimed there had been frost last night in Rosario, in which district the wheat crop is said to be the fartherest advanced and the most susceptible to damage. Duluth reported a good export demand for wheat, and Minneapolis re- ported flour in good demand. Receipts in the northwest were liberal. Clearance of wheat and flour were equal to 546,000 bushels Exports for the week as shown by Bradstreets were equal to 4500,00O bushels. Primary receipts ,454,00O bushels compared with 1032,00 the corresponding day year ago. Minneapolis, Duluth and Chicago reported receipts of S75 cars, against S10 last week and 7Sl a year ago.
 Corn was strong nearly all day owing to brisk demand by shorts, who were actuated by fear of wet weather in the corn belt. A report that shippers were paying fancy prices for cash corn to go to New England also stimulated demand for options, but later the report was denied by some of the cash grain men. At the sample tables low grade corn closed about 1c lower. The market closed strong at the top with prices SsQ12c to 9sc higher than the previous close. December closed at 63a4c. Local receipts, IA cars, s con tract grade.
 Buying by cereal interests and commis- sion houses caused firmness in oats, but prices showed only slight gains, final quotations being unchanged to 14c higher Cash oats were steady for the ordinary grades and about 1ac higher for the best grades. The December delivery closed 4S9sc Local receipts, 209 cars.
 Provisions were weak all day. owing to selling inspired by liberal receipts of hogs at western packing centers. Total ar rivals of hogs at the principal points were 702,000 head, against 49, 300 the correspond ing day a year ago At the close prices were 5e to 35c lower.
 Estimated receipts for tomorrow: Wheat, 7S cars; corn 97 cars; oats, 210 cars; hogs, 16,OOO head.
 Jaadfpor f,,tr,ras .o ngaa a. foI1o,ue.