The Birmingham age-herald. [volume] (Birmingham, Ala.) 1902-1950, 1909-03-04
WHEAT CLIMBS
HIGHER IN PRICE
New Records Are Made In May
and July Deliveries
FALL SOWN CROP IS POOR
Bulge In Wheat Carries Corn to New
High Marks, Aided BY Slack csun-
try offerings-oats and Pro-
visions Close Firm.
FALL SOWN CROP IS POOR

Chicago, March 3.-New high records
and oats on the board of trade today.
Wheat for May delivery sold at $1.ls74,
while at the same time the July option
touched $10E Coarse grain followed
wheat in its upward course, May corn ser-
ing at 6734c and May oats at 561ac. Prices
reacted from the top on realizing sales,
but at the close wheat showed net gains
for the day Of 1sc to 12Qp5sc for the two
leading months. Corn, oats and provisions
closed firm.
Sentiment in the wheat pit was ex-
tremely bullish all day, and trade was Of
large volume and Of a general character.
Leading bulls We're active supporters of
the market at various times throughout
the day, and this inspired large amount
of covering by shorts. Commission houses
in general were deluged with buying or
ders from outsiders as a result of the
crop damage reports which have been a
feature of the news during the past rev
days. Many additional advices were re-
ceived here today telling of the poor con-
dition of the fall sown crops in many
sections of this country, particularly in
Texas. Another factor that contributed
to the strength was the alleged small
IcScINSS Vi Wuedl SILL III ldlulClS lloiuo'
During the day May sold between 81. 1874
and s1.191a. and July between 81 O55s and
81 OF. The September delivery touched the
dollar mark. The distant deliveries eased
off considerably during the final hour on
profit-taking. The close was somewhat ir-
regular, September showing a net loss
Of Nc, and the nearby deliveries a gain
of 1sc to 1aq5sc, the latter for the May
option
All deliveries of corn touched new high
marks as a result of an active general
demand based primarily on the bulge in
wheat The market, however, was also
bullishly affected by reports by recelv-
ing houses that country dealers were sell
ing little corn. Owing to this slow move
ment, the price of the cash grain adj
vapoed &c. The top price for the May
delivery was reached at 67s4c. July sold
up to &c and September to 661sc. Prices
reacted trife because of realizing saies,
but the market closed firm at net gains
for the day of A@3sc to 9sQ1ac. Final quo
tations on May were 679sQ671ac and July
66stc.
New high records for all deliveries of
oats were also scored, the top price for
May being 561ac and July bic. The market
closed firm with prices up I1sQAc to &c,
compared with yesterdays close, final
quotations on May being at 56Bc and on
July 5O1s6505sc.
Provisions were a close second to grain
in the strength manifested throughout the
day. and at the close prices showed a net
gain of TIC to 121hc, compared with yes
terdays close Shorts were aggressive
buyers early in the day owing to the
smellre Of the movement and live hogs
at the leading western packing centers
total arrivals today being estimated at IA
500 head, compared with 117,5OO the cor
responding day year ago. Strength OF
grain also had a bullish effect.
Cash ouotetionS ranped ac folIows.