The Birmingham age-herald., 1908-08-04
GRAIN MARKET
 IS WILDLY EXCITED
Buying Orders Pour In on Re-
 port of Crop Damage
YIELD SHARPLY CUT DOWN
Corn Market Is Excited and Higher Owing To Hot Weather and Oats Are Higher for the Same
 Reason, But Quieter.

Chicago, August 3.-Crop damage re- ports of an alarming character brought out an avalanche of buying orders on the board of trade today and caused sharp advances in all the leading cereals. The market for September de- livery was up 7s Q2c; corn was up Ac; oats were % @ %c higher; provisions were unchanged to 71ac higher.
 The opening in the wheat market was excited and strong, apparently all commission houses having seemingly unlimited orders to buy wheat. Tho result was wide fluctuations in the in itial quotations with the price in some instances more than Pc above Satur- days closing figures. The new crop months showed the greatest advances. Following a light recession owing to the profit taking, prices again ad- vanced toward the end of the first hour until May touched s1.013s; De- cember, s7Ac, and September 94A 2. The bullish sentiment was entirely dus to the news from the northwest, where the new crop Is said to be in serious condition owing to the black rust and high temperatures.
 One report claimed that the black rust blight has appeared in the wheat fields of Manitoba, and revised esti- mates has cut down the yield of spring wh eat from 25 to 40 per cent. Realiz- ing sales quieted the market toward midday, but prices were well main tained throughout the remainder of the session. The market closed strong. September opened MQ 9sc to A@ss c higher. at 99Q93% cs>advanced to 947s . and closed at 94%c. December closed at 96%c and May at SIS. Clearances of wheat and flour were equal to 2S2,900 bushels.
 Minneapolis, Duluth and Chicago re- ported receipts of 73s cars, against 596 last week, and 557 year ago.
 The corn market also opened excited and strong owing to the continuance of excessively high temperature over the greater part of the corn belt. Re- ports from central Illinois asserted that the new crop was beginning to fire owing to the hot, dry weather; this news brought out additional buying orders soon after the opening. Trade cOnllH ueQ eAlTeIuely dcllNe dll udy anu despite liberal profit taking the mar ket held strong. The September de livery did not show so much strength relatively as the distant futures whicr- at the high point of the day were PA @ 2%c to hc above Saturdays closin s quotations. The market closed strong with prices near the top notch. Sep tember opened A@15sc higher, 2; 76A @ 765sc, sold between 76Q76ssc c and closed at 76Ac. December closed at 65 A c and May at 65 1s c. Local receipts, 221 cars, 25 contract grade
 Oats displayed considerable bullish . ness because of the hot weather in thu northwest but the market was much quieter than in wheat and corn. The greater strength and activity was in the distant deliveries. September opened 1s o ssc to % e 1c higher, at 45 5s c 46c, sold at 45 IS and closed at 45 a4 c. Local receipts. 257 cars.
 Provisions were weak at the outset owing to a 5@10c decline in live hog but the market rallied on buying in . spired by the strength of grain. The close was firm with September pork up 2hc at $15.S7h.
 Lard was up 7hc at $9.62h. Ribs were unchanged at $9.05 e 9.074.
 Estimated receipts for tomorrow Wheat, 559 cars; corn, 265 cars; oats, 2S3 cars. Hogs, 13,000 head.
 Leading futures ranged as follows: