The Birmingham age-herald. [volume] (Birmingham, Ala.) 1902-1950, 1908-12-31
STRONG TONE IN
WHEAT MARKET
Prediction Of Cold Wave affects
Prices BuIIishIy
CASH WHEAT Is IN DEMAND
Corn Becomes Firm In Sympathy With
Wheat, But Offerings Are De-
creased-oats and Prov-
sions Close Steady.

Chicago, December 90-An official pre-
diction OF a cold wave for the winter
wheat belt in this country caused strong
market for wheat here today, nnal quota
tons showing net gains of 2s415e to 1isc.
Corn closed firm and oats and provisions
steady.
The weather map seemed to have little
effect on traders in the wheat market
during the initial half hour of trading
and sentiment was inclined to be bear
ish owing to quite free selling by several
leading commission houses. A closer scru-
tiny of the weather bureau, however,
apparently convinced many traders that
the fall sown crop of wheat which is
without snow covering in many locali-
ties might be seriously damaged by the
decided drop in temperature which was
scheduled to occur tonight or tomorrow
throughout the lower Missouri, middle
and upper Mississippi and lower Ohio
river valleys. This apprehension brought
out active buying of wheat by shorts
One of the leading bulls also bought free
ly throughout the half of the day.
An improved demand for cash in the
southwest especially at st. Louis where
it was reported 1000 bushels had been
sold to southwestern millers was an ad-
ditional strengthening influence.
An advance of 212c in the price of De-
cember wheat at Winnipeg also had some
effect The market closed strong at al
most the top point of the day with May
at $10S5s and July $1a1 .OO1s. Clearances
of wheat and flour were equal to $4,000
bushels. Primary receipts were 3l1,00O
bushels. Minneapolis, Duluth and Chi
cago reported receipts of 1876 cars.
The bulge in wheat was chiefly re-
sponsihle for a firm tone manifested in
the corn market the greater part of the
day, although decreased offerings from
the country added materially to the bullish
sentiment. A revival of export business
also impaired some strength. Total ex-
ports for the day were reported at 81
boatloads, including Is loads from gulf
ports. Shorts were the principal buyers
throughout the day. The market closed
firm and only a trife below the best
marks of the session with prices up 1s@
nc to &c. Final quotations on May were
61Ac and on July &c. Local receipts 236
cars, one of contract grade.
More activity was displayed in the oats
pit than for some time past, but no great
strength was manifested. Cash interests
were the chief buyers principally of flu
ture deliveries. Commission houses were
free sellers. The market closed steady
with prices 1sc lower to Bc higher than
the previous close, with May at 81 and
July at 47kc. Local receipts 10 cars.
A 10c decline in the price of live hogs
caused considerable weakness in provis-
ions early in the day, but steadier tone
developed owing to the strength of grain.
Local packers were sellers at the start.
Closing quotations were cents higher to
21sc lower, compared with the previous
close
Estimated receipts for tomorrow Wheat
8 cars, corn 1S2 cars, oats so cars, hogs
Al 900 head.
Cash quotations ranged as follows: