The Cairo bulletin., 1904-05-16

Wheat shows a iecline for the wceE
of &c on the May delivery and 2hc
on the deferred futures. Corn is &c
lower for May and Use lower for July
ANA September May oats shows an
advance OF &c July hc lower, ana
September unchanged. Pork is off
about Toe per barrel, and lard 271sc
per 100 pounds Ribs have been firm.
er and declined only small fraction.
Cash wheat IL In good demand in
2ll the markets, for domestic milling
Tho small amount Of No. ? red more
is practically Off the market, co a..
uandiug a premium Of Toe per busa-
cl. The amount Of No. | northern
now unsold cannot exceed 100000 70
100000 bushels. St. Louis says thai
their stock is practically sold out. m
Minneapolis, Notwithstanding the
hoarlsh tenor OF the miliers' advices,
No. northern and No. > norJnerl
9th sell at good premiums There is
mo change to report in the winter
wheat crop situation, which indicates
very poor results east OF the Missls-
sippi river, and very good west OF tac
river excepting in Oklahoma and Tex
as. Spring seeding is practically
completed except in the Red river
4 valley, where there is considerable to
( be done, am the area likely 20 be cur
tailed. The visible supply is likely ia
show 100000 bushel decrease for the
week, in spite of the smallest week
+ export clearances on record, only 1855,
600 bushels. Primary receipts are al
so down close to the minimum, being
barely 100000 bushels at all poin;s
,or the week. The domestic situation
ie undaniahly strong The foreign
situation continues just as emphaC
cally weak, and with speculation still
hohng aloof from the market, prices
are dragging lower. 1t remains TO be
seen whether the professional spec"
latyo element (Which has been qult,
bullish, bat is becoming discouraged
owing to the total lack OF supper
from the public will now take tn
other side and 20 to selling short Oh
"June scenery" as they usually do
In that event. OF moderately loweI
1 range Of prices for September wheat
1--we believe it win be a good purchase
Fot the balance Of the old crop it is
going to be simply supply ami &c
4 mand proposition
! Corn after tho recent advance
caused by covering of shorts, mas
again turned weak, and closes tonigh
within 12c Of the low point made o.
the previous break. This in spite O
meagGr receipts all the week, the e
tai at all primary markets being onl
I 100000 bushels. In this markC
, shipments for the week have been, !
round figures. 100000 busheI
AGAINST receipts Of 100000 bushels
There Is an Increased movement
flon first hands in Kansas and Ne
braska, and some talk OF the same Il
illinois. The edge Is off the kee
spot demand in Kansas City today
and prices about &c lower. Outsid
Of Chicago the cash situation looE
srone, but the speculative situatio
is weak. anj after corn planting W
q rather expect a considerably large
movement and lower price,.
Cash ana May oats are strong o
the consumptivo demand, light n
d ccipts and decreasing supplies. So
{ deferred futures inclined to weakness
on account of good reports of ta
youns crop. Standard oats in stoT
command &c premium over May
Provisions were steady today bu
en- Che whole, have been ruling heay
with the exception OF ribs owing I
the impression in the trade that 4
mom is accommodating a line.