The Birmingham age-herald., 1908-08-29
ADVANCE IS MADE IN WHEAT MARKET Urgent Demand for September
 Sends Prices Up SUPPLY MUCH DECREASED Corn Is Firm In Spite of Liquidation By Longs and the Close Is Higher.
 Oats Lower and Provi-
 sions Higher.
SUPPLY MUCH DECREASED

Chicago, August 2S-The local wheat market was strengthened today by an unexpected advance at Liverpool and closed firm, prices being IS to # cent above yesterdays final figures Corn and provisions closed firm, but oats were easy.
 The feature of trade in the wheat pit was an urgent demand for the September delivery by shorts and cash interests. The limited amount of offerings of that option caused it to sell at one time on par with the December option, and at the close the premium on the latter month was only 1s@Ac. The market opened strong on a general demand by commission houses, asa1k to %a7sc higher. The strength at the start was due large ly to an advance of Ed at Liverpool which, Nit was said, was the result of the small amount of shipments of wheat last week from Argentina, the total move- ment from that country being 952 ,O00 bushels, compared with 1,224,OOO the pre- vious week. Liberal receipts in the northwest and weather conditions in the spring wheat country, which were gen. orally favorable for the harvesting and movement of the new crop, were seem- ingly ignored.
 The market lost some of its bullish- ness later in the day owing to selling based it was claimed, on a decline in the price of cash wheat at Minneapolis and Duluth. The greatest selling pres sure was on the December and May de- l1eyeries. NThe wheat market for cash wheat was steady on a fair demand Export business was quiet and 1t was reported that a little hard winter wheat had been sold for export and Duluth and Toledo also reported moderate sales Firmness of cash markets in the south west had a strengthening influence on the local market in the last part of the session. The close was firm Clearances of wheat and flour were equal to 257 ,OOO bushels. Exports for the week as shown by Bradstreets were equal to 4525. 900 bushels Primary receipts were g07 ,OOO bushels, compared with 615,OO0 the corre- sopnding day a year ago. Minneapolis Duluth and Chicago reported receipts of 524 cars. against 2S1 last week, and 264 a year ago.
 Corn was firm all day despite liquidation by local longs. Considerable congestion was manifested in the September de- livery and that option showed the great est gains. The continued small move ment and an advance of 1a cent in the price of the cash grain contributed to the strength of the nearby delivery. Some damage reports from Illinois were re- nnlUp6 fn6QW hn a,-,., gains of B to # cent Local receipts, 2l5 cars, 52 contract grade
 Oats for May delivery touched a new high mark for the crop when sales were made at 52Ac. The top price was re- corded on initial transactions. Other op- tions opened at gains of 1s9A to as01sc. There was a brisk demand by commits sion houses during the first few minutes but the buying was apparently soon ex- hausted and an easier tone developed. Cash oats, which were F cent higher early, sold off later to about 1a cent be- low yesterdays quotations and this caused some selling of the options. The market closed easy at declines of h to B@14c. Local receipts, 217 cars.
 Provisions were firm, owing to 1O615c advances in live hogs. Offerings in the pit were light almost all day The mar ket closed firm at net gains of 21b6D5 to 15 cents.
 Estimated receipts for tomorrow. Wheat, 53 cars; corn, 299 cars; oats. 27S cars. Hogs, 10000 head.
 di,,e F,.t,