The Birmingham age-herald., 1909-05-26
WHEAT IS AGAIN
 AT TOP PRICES
Sharp Rallies Carry May and
 July Up High
OVER A CENT ADVANCE
New High Record Is Made In Corn and the Market Is Strong Nearly All Day-Oats and Provis-
 ions Are Very Firm.

Chicago, May 25.-Wheat prices again rose to new high levels for the season when the May delivery sold today at s1 S514 and July at S1.191A per bushel Corn and oats also continued their upward flight. May corn scoring a high record at 7515 cents, while May oats advanced to 63 cents Provisions were strong as a result of the bulge in coarse grain.
 Heaviness at the start, a sharp rally, which carried the May and July options to new high points for the crop, and a severe slump late in the session were the salient features of the days trading in the wheat market. During the greater part of the session there was heavy sell ing of the distant futures by southwest ern interests. which suggested to many traders that possibly the sensational re- ports circulated the previous session re- garding crop conditions in Kansas and Oklahoma were considerably exaggerated.
 The market opened weak with the ex- ception of the May delivery, which was up 1s91sc compared with yesterdays close at $1 341461 .35A. The strength of the current month was due to renewed cov ering by shorts. The market in general, however, was bearlshly affected by re- ports of additional rain in southern Rus sla, where a drouth has prevailed for some time, and by wet weather In the southwest. Toward the end of the first hour a stronger tone developed on brisk buying of July by commission houses which carried that delivery up almost 11sc from the opening low point. The buoyancy, however, was short lived. Sev- eral reports giving estimates on the wheat crop of Kansas had drifted into the pit and as these reports forecasted a much larger yield .than outlined by some of yesterdays advices pit traders were in- clined to favor the selling side of the market.
 A report that harvesting had begun in three counties of Texas and that fields which had previously been pronounced dead were threshing out F to 15 bushels per acre prompted additional sales. Sen timent in the pit became decidedly bear ish during the final hour and May sold off to $1.SSss. July declined to IFS after having sold at $1191s.
 The close was weak at almost the bot tom with prices 1s61Bc below yesterday s final figures, May being at $1 34 and July at s1 17ssd1 .17s4.
 Corn for May delivery sold today at 751sc and the July option at nlsc both figures being new high records for the season. With the exception of a brief period at the start, the market was strong all day, owing to persistent GOV ering by shorts based on decided fall ing off in acceptances from the country. The early weakness was due to selling, prompted by receipts of 696 cars, which was more than 100 cars in excess of what had been estimated. During the day May sold between 7414 and 751s cents and July between 7O1s and 71ls cents. The more deferred futures were some what neglected and were inclined to be heavy The close was strong for May and July and about steady for other months, the final figures on May being 75h cents. July closed at 709sQIcA cents.
 Oats also advanced to new high marks when the May delivery sold at 63 cents and the July at 56 cents The market, however failed to retain the gains, ow- ing to more or less realizing brought out by reports of rain in many sections. Shorts were eager bidders early in the day but demand became stacker late in the session. The close was heavy With prices almost at the low point, although the May and July deliveries were, still 14 cent above the previous close, at 6212c and 551a cents respectively.
 Trade in provisions was more active than usual and considerable strength was manifested the greater part of the day. The strength of coarse grain was an influential factor. The market closed strong with prices up cents to 20 cents, compared with the previous close.
 Leading futures ranged as follows: