The Birmingham age-herald., 1908-07-25
WHEAT CONTINUES ID MAKE ADVANCES Bidding Is Eager By Shorts and
 Commission Men REACTION FROM THE TOP Corn Shows Strength In Sympathy With Wheat and Oats Go Higher
 On Active Demand and
 Light Offerings.
REACTION FROM THE TOP

Chicago, July 24.-Firm cables and ad- ditional reports of damage to the grow ing crops in the northwest caused strength in the local wheat market to- day. the September delivery closing at a gain of 1za9sc. Corn and oats were each up 44c.
 Provisions were down 121a to 171bc.
 The wheat market displayed the great est strength of the day soon after the opening, when prices advanced approxi- mately 1c above the previous close. Shorts and commission houses were eager bid ders at the outset and offerings for time were meagre. The chief reasons for the sharp upturn was the strength of the for eign markets. and d hot wave throughout the spring wheat country, which revived old rumors of the wheat crop in the Da- kotas deteriorating on account of the drought Toward the end of the first hour offerings in the pit became more lib eral, which resulted in a reaction from the top. Trade during the last half Of the session was rather quiet, but senti- ment continued bullish. Large primary receipts, however, tended to check any further advance. The market closed firm. September opened ssQac higher at 9114c to 91sse, advanced to 92c and closed at 9ssd9115c Clearances of wheat and four were equal to 139, 600 bushels. Ex- ports for the week, as shown by Brad streets, were equal to 2.5000O0 bushels Primary receipts were 1094OOO bushels. compared with 773,000 bushels the core spending day a year ago. Minneapolis, Duluth and Chicago reported receipts of 43s, against 362 cars last week and 257 cars year ago.
 The corn market showed decided strength early in the session along with wheat and oats, and also because of a per cent advance at Liverpool Owing to the continued small movement and the limited amount of contract supplies in store here, shorts were active bidders for the September delivery, which resulted in forcing the price of that option up to Tie, the high point for the season. Later the market eased off somewhat because of the continuance of ideal weather con ditions for the new crop. The close was steady. September opened 1sc to 1bc high CT, at 7614c to 765sc, advanced to Tic and closed at 769sc. Local receipts were 146 cars, with seven of contract grade.
 Oats were strong early in the day on account of the acti - demand, coupled with very light offerings. The septembe- delivery was especially strong, and ad- Vanced one cent above yesterdays final figures Nearly al the gain was lost later in the day on liberal realizing by To- cal holders. The close, however. was firm. September opened 9s@11c to 15Q9sc higher, at 45?d45$4c, sold up to 461sc and then declined to 45AQ3sc. The close was at 459s@4515c. Local receipts were 101 cars.
 Provisions were weak all day on ae- count of general profit taking by both local and outside longs. At the close September pork was off 1713c, at s15.50. Lard was down 121s@15c. at $92o. Ribs were 1219c lower, at $S.7O.
 Estimated receipts for tomorrow: Wheat 176 cars; corn, 14S cars; oats, 11O cars Hogs, 11,0O0 head.
 Leading futures ranged as follows: