The Cairo bulletin., 1905-07-17
Market Has Va Advanced.


tors.
Market Has Not Advanced.
With such combination of dis
tinctly favorable influences it might
senm disappointing. THAI instead Of
about holding its own the market has
not further advanced! bur this is read
lily explained by the fact that these
developments haye merely met the OK.
pectations Of those who had taken tho
trdtble 10 investigate matters, and
who therefore were in a position
where they could take profits at q
time others were waiting for the facts
10 be presented In he usual routine
channels. It has, for istance, been
generally known, and has been re-
peatedIy pointed out in these advicea,
that the crop situation was an excep-
tionaily favorable one this year; thar
the success of the Japanese loan was a
foregone conclusion and t4lat the for
eign trade movement Of the country
was on all ascending scale. Most Of
the weeks Influences We're in fact.
matters of knowledge I'd. careful Wall
Street tudents and, lis usual, We're
fully discounted.
AS to Corn Prospects.
While The Governmcnt does NOT ex-
press in bushels its estimate Of the
corn prospects. it nevertheless fur
nishes the statisticlans Of the various
grain exchanges Of the coutry with
tangible data for converting the
monthly report into bushels. Thus the
department indicates an increase OF
100000 acres IN the area planted g
corn ANA an initial condition Of S7,3
as against 1914 at the corresponding
date a year ago. This increase in both
acreage and condition IS interpreted
lby the accepted system Of figuring the
departments return as an indication
Of a harvest of 2,G51 100000 bushels Of
corn. AL this date last year a sim
iliar handling Of the Governments
figures of condition and acreage prom
isad crop Of 1887 100000 bushels
while the off cial harvest as reported
in December claimed 2,467 100000
bushels, showing the substantial relia
bility ef the system Of figuring.
Record Breaking Crop Expected.
II the current indication Is main
tained--if the weather during thu
next few weeks should remain fay
orable the 1906 corn crop will be The
largest ever reported by the Depart
ment of Agriculture. In 1893 the Cen
| sus Bureau as a result of actual can
vass reported d crop of 2GG6,000,00
4 bushels which was considerably IN eS
cess Of the Department OF Asricu
lures estimate for mat year, the la'
ter's estimate being based on PEI
centages rather than on actual farr
lro farm canvas. The July report OF IN
Department indicates yield OF 4l3
100000 bushels of winter wheat, o
so 100000 bushels more than was hal
Iyested last year, and a combined ha'
vesr Of 705,500,060 bushels Of srpin
wheat maintains its present pos ito
reasonably well. will give, with th
exception Of 1901, when the harves
was. 74S,000,000 bushels, the largeS
crop Of wheat ever reported.
Fine Outlook For Country.
These are Certainly exceptional
fine prospects for the material we
fare Of such an essentially agricultu
\ al country as our own, especially
\ view Of the high pr css the farmer
able to obtain for hts product, No.
red wheat, for instance, selling at Ne
York above 81 per bushel and No
|. mixed corn at something above &C
per bushel. This material welfare {
the country must readily be renecte
by the traffic statements of the roa;
carrying these tremendous haryests
market, and by the return traffic
" the fosm Of supplies and luxnri'
! which the prosperity In the agricultu
2 al sections encourage the farming q
X ment to purchase.
y The Stock Market.
X On the ether hanf, we SHOULD n
v lose sight OF the fact that many stoc
X are on such a high basis that adj,
VI tional advances would require a mu
y further improvement over present d