The Birmingham age-herald., 1909-08-11
WHEAT MARKET
 IS STILL BEARISH
In Spite of Faint Rallies the
 Price Goes Lower
DEMAND IS VERY LIGHT
Corn Shows Mixed Sentiment and Some Months Advance While Oth- CTS Decllne-Oats Close Easy
 and Provisions Steady.

Chicago, August 10.-Over-night con temptation of the government crop report inspired additional bearishness in the mind of wheat traders on the board of trade today, and prompted renewed sell ing, which resulted in still further de- clines in all deliveries. At the close the net losses were 1@14c. Corn closed ir- regular; oats easy and provisions fairly steady.
 The wheat market was weak all day, and although there were several mod crate rallies due to covering by inhuen- tial shorts, prices failed to advance to the level of the previous close.
 The government crop report was the most potent factor in the situation h. dications that the wheat crop of Amer lea will be one of the largest on record brought out general selling throughout the day. Crop reports from the north west were in the line with prediction of the government statistfcians, and barring wet weather within the next week or 10 days, the largest crop of spring wheat ever harvested will be safely garnered.
 Another discouraging factor from the standpoint of the bulls was the almost entire absence of demand from foreign CTS for the cash grain, there being prac- tically no export bidders, while in fact some cancellation of former sales for ex- port were received. Warmer weather In the Canadian northwest, where the new crop was threatened by low temperatures and declines at all the leading European grain centers were additional weakening influences
 During the day the September delivery sold between 97c and 98hc. while Decem- Der ranged between 94ssQ941Rc and 9512c. The close was considerably above the lowest point, although a heavy tone pre- vailed. Final figures on September were 97ssc and on December 95095hc. The deferred futures of corn exhibited considerable firmness nearly all day. but the September option was inclined to be weak. Country commission houses and local spectators sold the nearby de- livery, and bought the distant months, owing to the deterioration in the crop as shown by the government report, and also because of the continued hot weather in many sections of the corn belt. A con- stant increase in local receipts helped to weaken the September option. At the close the September delivery was down
  1a66sc, while other options were up ss@ ] 1ac to 1sQssc, compared with the previous l close.
 Prospects for crop close to 100000 GOO bushels inspired liberal sales of oats. which resulted in a weak tone through out the entire session. The market was also bearishly affected by the continued 1 heavy movements. There was free selling all day by country houses, cash grain in terests and local speculators, while de- mand came mainly from the shorts. Prices at the close were unchanged to 1sc lower.
 Provisions were weak owing to the fur ther slump in grain. Local longs sold l freely, and there was also considerable I stop loss selling. Packers gave the mar ket moderate support at times, but the I demand failed to create any material I bullishness. Prices at the close were I PEG higher to TIC lower.
 Leading futures ranged as follows: