The Birmingham age-herald., 1908-10-06
WHEAT JUMPS UP ON THE WAR SCARE Bulgarian Troubles Have a Decided Effect on Market LOCAL DEMAND IS ACTIVE Corn Strong in Sympathy With Wheat and Advances Are Made Before
 close-Oats Unchanged.
 Provisions Weaker.
LOCAL DEMAND IS ACTIVE

Chicago, October 5-The Turkish Bull garian scare and reported advance in ex- port business had bouyant effect on wheat prices on the local exchange to- day, the market closing at net gains of ssc to 1c, compared with the previous close. Corn and oats were irregular and provisions weak, the latter showing losses of 25c to 671kc.
 The political troubles in Europe out weighed all other influence at the open ing of today's session in the wheat pit and as result initial quotations showed gains of bc to 5sc compared with Sat- urday's close. An advance of nearly Id in the price of wheat at Liverpool seemed to impart additional seriousness to the wark talk and helped to further strength en the local market. Toward the end of the first hour the statistical situation which was rathet favorable to the bears began to have a depressing effect on the market and prices eased off to a point slightly below the previous close. Chief among these bearish influences was an increase of 100000 bushels in the amount of wheat on passage. Worlds ship ments were liberal, being 13, 900 bush els compared with 1S,7S4.000 bushels the corresponding week year ago, and the movement in the northwest was heavy, arrivals today at Minneapolis, Duluth and Winnepeg being 2932 cars, against 11s6 cars year ago. The market rallied again toward the noon hour and for the re- mainder of the session strong tone pre- vailed. Thetlate strength was due main lV fn fallx aidara hla hain O done, particularly at Winnipeg where prices were up from 1c to 2c There was an active demand here by millers for the red winter wheat and Minneapolis also reported a good demand for the cash grain, while St. Louis reported the sale of 25,000 bushels of wheat to Texas mil lers. The market closed strong and near the highest point. Clearance of wheat and flour were equal to 900 bushels. The visible supply increased 4,351 ,0o0 bushels. Primary receipts were 2,519,0OO bushels, compared with 1,1S9,000 bushels the corresponding day a year ago.
 Minneapolis, Duluth and Chicago re- ported receipts of 2019 cars, against 2044 cars last week and S94 cars a year ago.
 The corn market was firm early in the day owing to the strength of wheat, but weakened before the end of the first hour on liberal realizing by local longs. The
 
 oversold and in trying to cover shorts later caused a sharp rally. Predictions of unsettled weather in that portion of the corn belt lying east of the Mississippi river were an important factor in bring ing about the rally. Demand for cash corn was brisk and prices were up 1kc. The market closed firm with the excep- tion of hc lower to ss@1ac higher Lo- cal receipts were 95 cars with 19 of con- tract grade.
 The strength Of wheat and corn eased moderate firmness in oats early in the day but the market weakened later in the session because of realizing sales. The close was steady with prices a shade higher to ssc lower. Local re- ciepts were 16S cars.
 Provisions were weak all day owing to selling brought out by liberal receipts of live hogs at western packing centers. Local packers were free sellers through out the entire day. The close was off 25c to 671sc at the lowest points of the day.
 Estimated receipts for tomorrow: Wheat, TO cars; corn 16O cars; oats, 41E cars hogs, 15000 head.