The Birmingham age-herald., 1908-08-06
SHOOT UP
 IN WHEAT MARKET Bulls Capture Market and Send
 Figures Soaring GAIN NEARLY THREE CENTS Corn Market Is Also Strong and Prices L.I
GAIN NEARLY THREE CENTS
Corn Market Is Also Strong and Prices Rule About Half Cent Higher. Oats Are Very Strong and
 Provisions Advance.

Chicago, August 5.-A fresh outburst of bullish enthusiasm, due to additional crop damage reports from the northwest car- red wheat prices on the local exchange today to point more than 3 cents above yesterdays closing quotations. Final prices showed net gains of 25Ac for the September delivery and Sc for the Decem- Der and May options. Corn for Septem- Der delivery was up 1a9ssc. Oats were 1Bc higher and provisions .71R@2Oc higher.
 Fears for the spring wheat crop. due to the protracted period of high tenn perature and to the spread of "black rust in the northwest, kept the wheat market in an extremely bulllsh condition all day and enabled the laedngs longs to unload a large amount of wheat at a steady advance of prices Commission houses had been swamped over night with buying orders and when the market opened the demand for wheat was so great that prices advanced by leaps and bounds, the initial quotations all de- liveries showing gains of 1c or more com- pared with yesterdays final figures. An unexpected advance of nearly Id at Liver pool and report that France having failed to raise sufficient wheat this season for her own needs will have to import about 20,000, 900 bushels lent additional inl- petus to the upward trend of values early in the day. As the trading progressed fresh reports were received telling of in- jury to the growing crop in the north- west and by rust and hot weather which caused still greater activity among buy CTS. As a result prices continued to ad- vance until all deliveries were cents above last nights prices. The high point for September was reached at 967sc. De- cember scared to a53sc, and May at the same time sold to sl .03ss. A Accent ad- vance at Minneapolis was potent fac tor in the local marsst late in the session. Bullish enthusiasm showed little abate- ment as the session drew towards a close At the finish prices were only a tritie be- low the best marks for the day.
 September opened 1aqssc to 7sQ1c higher at 94AQ949sc, advanced to 96Ac and closed at 961aae6ssc. December ranged be- tween 969sc and 99Ac, and closed at 9S7sQ s9c May sold between $1OO74q1 CO.'S and $1. OSss and finished at $1.OSh.
 Clearances of wheat and flour were equal to 3S7, 400 bushels. Minneapolis, Du- luth and Chicago reported receipts of BIO cars, against 449 last wek and 499 year ago.
 The corn market was also strong the greater part of the day. although rains in | the Kansas Valley last night and light showers in a few places in Iowa, Kan sas and Missouri partly relieved drought fears. The bullish sentiment was due to a large extent to the big advance in wheat and oats. The market closed strong at the high point of the session. Septem- Der opened 1sQAc higher at 755s@%c sold off to 754975ssc and then advanced to l6c, where it closed. Local receipts 174 cars, r of contract grade.
 Oats displayed a strong tone through out the session and closed at the highest point of the day. September opened ssQ
 @c higher at 454Q464c, advanced to 47Ac and closed at the top. Local receipts, 14S cars.
 Provisions were buoyed up by the strength of grain and ruled strong all day. Trading was active and general. At the close September pork was up 20c at $15.S0 Lard was advanced 71ac at $9.571s, and ribs 10a121ac higher at $S 971kQ9
 Estimated receipts for tomorrow Wheat. 225 cars; corn, 152; oats, 195; hogs, 24u0O head.