The Birmingham age-herald. [volume] (Birmingham, Ala.) 1902-1950, 1910-08-14
FURTHER ADVANCES
ARE MADE IN WHEAT
Big Sales to Foreign Countries
Are Reported
THE SITUATION BULLISH
Corn Declines on Reports of Rain In the
Greater Part of the Corn Region.
Oats Close Lower and Pro-
visions Are Higher
by JOSEPH PRITcHARD

Chicago, August 13.-(Special. )-There
We're further advances in wheat today
with foreign markets coming in strong
market.
The Armour Grain company sold 100000
bushels of wheat which they held at Bal
timore to exporters and in addition to this
amount there were sales of 100000 bushels
in various positions in the east. This
wheat goes to France and Germany. The
Paris market was closed to business to-
day and will not be opened until Tuesday
morning Private cables from that mar
ket said that the situation in bread stuffs
was as strong as ever and that outside
points in France were buying wheat upon
every opportunity offered. There was a
further advance In the price at Antwerp
of &c, making a gain of 1sc for the week.
Berlin was 5sc better and Liverpool was
up MQ&d.
The strength in foreign markets was
due largely to fears of damage in the
Argentina Republic and OF a general
shortage In supplies. A special Liverpool
said that the continent was a buyer of
all cargo offerings and that the wheat
supply off coast was nil and only seven
cargoes were reported as on passage
destined for the importing countries.
Beside the demand for exports at the
eastern seaboard Duluth reported a good
general export business in wheat and it
also reported good sales of flour.
90 Cd cd
alent in Russia and should this result in
quarantine being established 1t would
shut off for a time the supply of bread
stuffs from Russian and Danubian ports.
This of course, would have a bullish eff
feet on the trade.
One of the features in the Chicago
market was the buying of about 100000
bushels of May wheat on foreign account
Most of these purchases were made
through the Bartlett Frazier house
There were losses OF A@1Mc in corn val
ues, the weakening influences being rains
over a goodly portion of the great belt
The Illinois report which was sent out
today and which was bullish document
in itself failed to attract a great deal of
attention as 1t was looked upon as I'M
reliable. 1t was shown in the pit that
some of the longs are becoming uneasy
as there was considerable pressure on
the market every time hard spot was
developed.
In sympathy with the weakness in corn
there were declines in oats of A@11c and
the volume OF trade was small. There
was an improved cash demand with the
movement larger
With the improved demand for cash
meat and lard and the strength shown
in the hog market at the yards, there
were many in the trade to desert the
bear side and go over into the bull pas
ture. There were advances today of 200
S214c in pork, 171aa2oc in land and 17lsQ
S5c in ribs. During the past week the
receipts Of hogs at the eight leading
western markets were 100000 head against
$4,000 the previous week and 2s5,o 900 head a
year ago. The larger packers in the
trade as well as some of the country con-
Germs were on the buying side In. the be-
lief that the hog run is to show a mark
ed let up.
Future quotations were as follow: