The Montgomery advertiser. [volume] (Montgomery, Ala.) 1885-1982, 1909-08-10
WHEAT SUPPLY SHORT.


washington, Aug. S.-An lnuiChteu
bushels, compared with 4s7.sos.ooo
bushels, finally estimated last year; an
average condition Of winter wheat OF
9os against SOL a year ago; corn go
sO.7. and oats s5.5 against 76.s. This
summarizes today's crop report OF the
department Of agriculture
cIdde ss.sm last month and s2e as the
average on August I for the past zen
years. The preliminary returns TOR
the winter wheat yield indicates about
l4,4 as finally estimated last year. This
condition Of spring wheat ts compared
with s27 last month and Sill the ten
year average ON August 1. For com.
ast Month me ana az ss ifG for ten Years.
The proportion of last years oat
crop In the farmers hands on g. A ssy Sns
bushels as compared with five per cent.
at Ss.006.000 bushels of the 1907 crop
on hand August I, 1908, and SO per
portion on hand for the past ten years
The average condition of other crops
| ON August I. az compared with year
age and the ten year average respect
barley s5.4 ana ss.f and SCI.
Rye s9.1 and S8.s and 87.s
BHkwheat SEA and 1914 and 91.7.
White potatoes s5.s and s2.s and
Tobacco ss.4 ana s5.s and szs; con-
dition on August In important tobac-
caro siase; 1s wiz frna ss s.
South Carolina S.; Ohio Of: Wisconsin,
u; Pennsyivania SO; Connecticut 30;
FLAX ss7 ana ss.1 and ST. for six
years
Hay se.s and s2.i and 81.
Chicago, Aug. 9t-wheat prices
or Trade today following the pubiica-
ton of the government crop report
and all deliveries sold below the dol
lar mark. The report indicated to-
to 4s2,s2o.ooo bushels. much larger
yield than generally expected. The
market closed weak at almost the
bottom. at net declines OF ! is to 1-bS
to ga. Corn closed steady and oats
AMI provisions steady. ".
The wheat market was inclined to
be weak all day but little activity
was manifested until the final fifteen
minutes, during which period there
was general selling based on the ex-
ceedingly bearish showing of the gov
eminent statistics relating to the CON-
dition OF spring wheat and to the to-
tai yield of wheat In this country. Ac-
cording the estimates made by the
governments statisticians the total
yield of spring and winter wheat will
be in the neighborhood Of 71S,9o0.Ooo
bushels. which. with one exception IL
the largest on record
The trade had been expecting a
bearish report but were not prepared
Tor such a radical one.
Prior to the publication OF the re-
port the market had been inclined to
drag owing to weak cables and con
tinlIance of favorable weather condt-
lions for the crop In this country ana
Canada. Trade during the greater
part of the day was confined chiefly
to "scalping" operations between To-
cal professionals. During the day the
September delivery sold between W
IA and 100 IA. The May option Ior
the first time this season sold below
the dollar mark, the price at the bot.
tom being 80 SIS cents. The market
closed weak with September at ~ rs
cents
An official forecast of cooler wealth
er for Illinois and Indiana took the
edge off of the hot weather scare In
the corn market, sentiment az Times
being quite bearish. The slump In
wheat had q depressing effect late In
the day. There was also considera-
Bile selling based on talk of liberal ar
rivals here tomorrow. Desplte tnese
factors there was quite free buying by
country commission houses. The buy
ing was brought out by the excessive
heat in parts Of the corn belt. The
prices Is higher to Is lower than
Saturdays final figures. -
oats were weak all day owing 20
selling by country houses and by To-
cal longs. Increased local receipts was
one of the chief reasons for the selling
pressure. The market closed weak
with prices off 1-8 to Ia to 2-R
Provisions were weak on selling IN
duced by lucent decline in live hogs
Local receipts of hogs were ,1l,0O9
head in excess of the estlmateo
amount AT the close prices were 8 to
10 cents lower than Saturdays close.