The Birmingham age-herald., 1908-08-08
GRAIN MARKETS
 CONTINUE HIGH Government Report on Grain
 Has BuIIish Effect CROP CONDITION IS POOR Wheat Closes Strong and Higher and 5uIIish Sentiment Helps To Ad-
 vance Prices In Both
 Corn and Oats.
CROP CONDITION IS POOR

Chicago, August 7.-The government crop report for August had a bullish ef- feet on the local grain markets today, all of which closed strong Final quotations on wheat for September delivery were up F to ssc, compared with yesterdays close Corn was up 1ac, oats were 5sc higher and provisions 719q221ac lower.
 The government report showing the con dition of the spring wheat crop on Au- gust was issued 15 minutes before the end of the session, and its appearance was followed by a sharp rally which car ried prices from 1%c to 2hc above the low delivery of the day. According to the official statistics, the condition of the spring sown crop deteriorated ST per cent during the month of July, owing to excessively high temperature in the northwest and to injury by 'black rust" The condition was placed at 807, compared with 89. month ago. Prior to the issuance of the report the market had been very nervous, with sentiment inclined to be bearish because of cooler weather in the northwest and weak cables. In the final few minutes of trading there was liberal realizing, which caused a considerable reaction from the top, but the market closed strong. Sep tember opened ss to Sc lower at s41s@ s494c, sold off to 94Ac and then advanced to s6ss The close was at 955s@95Ac.
 Clearances of wheat and flour were equal to 4,9OO,OOo bushels. Exports for the week as shown by Bradstreets were equal to 3696,OO0 bushels.
 Primary receipts were 925,OO0 bushels, compared with 935,0OO bushels the corre- spending day a year ago.
 Minneapolis. Duluth and Chicago report ed receipts of 361 cars against 495 last week and 370 a year ago.
 Beneficial rains in Kansas Nebraska, Missouri and Southern Illinois caused weakness in the corn market early in the day, but before the end of the first hour on active buying by shorts all of the ini- tial loss was regained. Bullish sentiment became more pronounced as a result of the government report. Although the re- port showed deterioration in the condi- tion of the crop of only 3-1O of 1 per cent, during July, many traders declared that the deterioration since the report was compiled had been much more severe. The market closed firm. September opened Hc lower at 75c, advanced to 761sc and closed at 76c. Local receipts were 13S cars, 31 contract grade.
 Oats were independently strong throughout the entire session because of the numerous reports claiming small yields from threshings The government report imparted additional strength to the market, the official figures showing a deterioration of S.9 per cent in the con dition of the crop during the past month. September opened 1sqAc higher at 47199 47c, sold off 1s@14c and then advanced to 4s1sc. The close was at 4Sc.
 Local receipts were PAP cars.
 Provisions were weak all day, particu- larly pork, because of extremely liberal receipts of live hogs at all western pack ing centers.
 There was short selling by short scalp ers while discouraged holders liqui- dated their lines. At the close September pork was off 2211c at $15521s.
 Lard was down 10c at $9.4719.
 Ribs were 71ac lower $8.90.
 Estimated receipts for tomorrow: Wheat, 1SS cars; corn, 122 cars; oats, 237 cars; hogs, 14.O00 head
 Leading futures ranged as follows: