The Birmingham age-herald., 1908-10-28
STRONG ADVANCE
 IN WHEAT MARKET Crop Damage In Argentina Is Responsible for Upturn LOSS IS TWENTY PER CENT Corn Market Is Firm All Day In Sym pathy With Wheat and Reports of
 Small Yield-oats and
 Provisions Are Firm.
LOSS IS TWENTY PER CENT

Chicago, October 27.-Wheat prices on the local exchange advanced more than 1 cent today owing to crop dam age reports from Argentina and to a decreased movement in the northwest. At the close prices were up 1@1Hc to 1hc. Corn, oats and provisions also closed firm.
 The wheat market opened strong at prices up 2sc to E @1c above the pre- vious close. and despite liberal real ization at times made additional gains during the day and closed at almost the top notch. Final quotations on December were at $1OOA and on May at $1.03k Q1.035s. Commission houses and local shorts were active bidders for wheat the greater part of the day. one commission house being credited with purchases aggregating more than 1 1.000, 1000 bushels The situation in Ar gentina was perhaps the chief 1ncen- tive for this urgent demand. News from the South American country was conflicting, but some of the advices were of a sensational character, one dispatch claiming that 20 per cent less wheat will be available for export this year than was exported the past year. Damage by recent frosts was given as the reason for this shortage. The strength of the Liverpool market, which closed at gains of 9@1Ad. in the minds of many local traders of the numerous reports of injury through Argentine correspondence. At the same time decided falling off in receipts in |sthe northwest caused considerable comment among traders and inspired additional buying. Receipts today at Minneapolis and Duluth were 4S9 cars, compared with 739 the corresponding day last week.
 The market was also bullishly af- feeted by an excessive export at Duluth where it was claimed exporters took everything offered overnight. Primary receipts were small, the ar rivals today for the first time since the movement of spring wheat really being less than for the corresponding day a year ago. Total receipts today were 961, ,000 bushels, compared with 1.07O,00 bushels last year. Clearances of wheat and flour were equal to 614.O0O bushels The worlds visible supply showed a smaller increase than had been expected, the increase being 4,630O00 bushels, according to Brad streets statement.
 The corn market was firm all day, partly as the result of the advance in wheat, owing to numerous reports which claimed that much of the new corn now coming to market is in poor condition. More reports also were re- ceived telling of small yields. Shorts were the best bidders, but the demand was not extremely urgent. Continued wet weather was a bullish influence. Cash corn at the sample tables was steady. The market closed firm with prices A @ ssc to asc above the pre- vious close. December closed at 63& e 63Hc and May at 63c. Local receipts, 139 cars, 21 contract grade.
 Trade in the oats market was quiet but firm tone prevailed the entire session. Demand came chiefly from shorts. The market closed firm at the top, with prices Ac to A@$c higher than yesterday s close. December closed at 4Sc and May at 4sssq50c. Local receipts. 224 cars.
 Decreased receipts of live hogs at west ern packing centers caused firmness in provisions. The market at times, how ever, showed moderate weakness owing to the considerable profit-taking. The strength of grain tended to inspire de- mand for provisions. The market closed strcng at the top point for the day, with prices unchanged to 221ac higher than the previous close.
 Estimated receipts for tomorrow: Wheat 90 cars, corn fl, oats 116, hogs 5000 head.
 Leading futures ranged as follows;