The Birmingham age-herald., 1908-10-30
CHANCE IN
 PRICE OF WHEAT More Reports Are Received of Damage In Argentina SHARP UPTURN SOON LOST Corn Market Is Firm Owing to Light Receipts and Big Demand for Cash
 GraIn-oats Are Steady.
 Provisions Irregular.
SHARP UPTURN SOON LOST

Chicago, October 29.-Additional reports of damage to the Argentina crop caused a sharp bulge In wheat prices on the local exchange today, but all of the gain was subsequently, lost on profit-taking. prices at the close being unchanged from yes terday's final quotations. Corn and oats were steady and provisions irregular.
 The advance in wheat prices occurred at the opening of the session, initial quo tations being up hQ9sc to Ac. compared with the previous price. During the first hour prices were well maintained at about the top on active demand by commission houses, but during the last part of the day trade was inclined to drag and prices gradually declined. The close was rather weak at almost the lowest point of the day, December closing at 997scQ$1 .00 and May at $1 .033sQD1. .O21a. The strength at the start was due to an advance in wheat prices at nearly all the leading European grain centers. The Liverpool market showed especial strength, being up nearly Id. The advance there was due to re- ports of a somewhat sensational char acter from Argentina regarding the dam age by frost to the new crop. In addl- tion to these foreign advices the local market was sent up by continued brisk demand for flour and cash wheat in the northwest. Minneapolis reported sales of cash wheat at 3Ac over December. with millers paying Sc over December for wheat to arrive and that all flour mills were running at full capacity and that the flour was being shipped out as quickly as it was made. The cash situation here however, was quiet, and premiums were about the same as yesterday. During the last half of the day demand was slack and prices eased off. Minneapolis, Du- luth and Chicago receipts 655 cars, against 821 last week and 55S year ago.
 The corn market was firm nearly all day, owing to the light receipts and an excellent demand for the cash grain. Cash corn at the sample tables were steady for most sorts but up 2c for best grades of new corn. Reports from the country claim that farmers are holding their corn for higher prices. Weather conditions were favorable for the curing of the new crop. The weakness of wheat caused some selling late In the day and the mar ket closed barely steady with prices a shade higher to 1sc lower. December closed at 63%c and May at 6Sc. Local receipts 47 cars, nine contract grade
 Trade in oats was quiet and the mar ket was steady all day. Local shorts were moderate buyers and cash houses also bought moderately. At the close prices were a shade to 1Sc higher, com- pared with the previous close. December closed at 4SAc and May at Soc. Local receipts, 57 cars
 Provisions were weak at the start, owing to heavy receipts of live hogs at all west ern packing centers and continued weak all day, excepting for pork, which made a fair rally late in the session on cover ing by shorts. At the close prices were 10c lower to 25c higher
 Estimated receipts for tomorrow: Wheat 5S cars; corn, 47; oats, 126; hogs, 2e,OO0 head.