The Birmingham age-herald., 1908-08-23
WHEAT WEAKENS
 ON CROP MOVEMENT Arrivals of New Crop Are
 Heavy At Minneapolis OTHER GRAINS AFFECTED
Corn Market Holds Fairly Steady But No Advance Is Made-Tradinq In Oats Is Small With Prices
 Remaining Steady.

Chicago. August 22-The beginning of the movement of the new crop of wheat on large scale in the northwest had a weakening effect today on the local mar ket prices, at the close being off l4 to lac compared with yesterdays final quota- tions Corn and oats closed steady. but provisions were weak.
 The situation in the northwest as re- lated to the early movement os the new crop was the dominant feature in the wheat market. Arrivals of new wheat today at Minneapolis were S5 cars, against 55 yesterday and P the day previous It was expected also that Mondays arrivals would be much larger The materializ- ing last night of predicted frosts Tn many localities of the spring wheat country had apparently almost no effect and only caused mild firmness at the start which offset the weakness of foreign markets. Soon after the opening prices jumped nearly 1 cent in all deliveries, following a break at Minneapolis, September de- clining from 93s4 to 92A cents and Deeem- Der from 93A to 94 cents. On the decline the market received fair support from 0 leading elevator interest, which steadied prices so that the lack of any export de- mand and the slowness of trade in cash wheat precluded any material rally. Ad- ditional selling pressure developed late in the day owing to a break of 1a cent in the price of No. l northern wheat at Minne- apolis, but offerings were not liberal. For September the low point of the day was reached at 925s cents and for December at 93A cents. The market closed easy with September at 93 cents. Final figures on December were 94 cents.
 Clearances of wheat and flour were 4150OO bushels. Primary receipts were 731 ,OOO bushels, compared with 71S0OO bush els the corresponding day a year ago. Minneapolis, Duluth and Chicago reported receipts of 306 cars, against PAT last week and 279 year ago.
 The weakness of wheat induced coasid- erable selling of corn, but the market held fairly steady owing to the low tenn peratures which prevailed last night over the corn belt. Frost was predicted to- night for the Dakotas and northern Iowa, but the news failed to create any great amount of demand Trade was rather dull all day and the close was steady, with prices 1sQAc higher to Ac lower. September closed at 77c and December at S5SsQS5%c. Local receipts were 1855 cars, fl contract grade.
 There was very little trade III the oals market and prices held comparatively steady. The smallness of primary receipts was again a strengthening influence. At the close prices were a shade lower to ssc higher, with September at 49lsc and December at 4S%c. Local receipts, l22 cars.
 Provisions were weak all day because or profit taking sales in the September and october deliveries. The weakness or wheat had some effect on the market Pork showed the greatest losses, the de- clines being from 271s to 471sc from the high point of the day. The ciose was weak at almost the bottom. September pork closed at $141O, lard at $s.121s and ribs at $S.55.
 Estimated receipts for Monday: Wheat, 97 cars; corn, 351 cars; oats, loi cars' hogs, 26000 head.
 Leading futures ranged as follows: