The Cairo bulletin. (Cairo, Ill.) 1???-1928, 1907-10-19
Than Day Before Were Events in Ce,
real Market Yesterday Though
Practically Same.

Chicago, Oct. 1S.--WHEAT--C
tinued decentralization In the stock
market variety of ugly rumors.
which We're not verified, d sharp bulge
In the money rate, nervousness on the
part of small holders, the uncovering
of stop orders at every fraction OF
| the decline and aggressive short sell.
ling by the bearish crowd in the pit
this is the story of todays market.
1t was only repetition OF yesterdays
events emphasized little by the ac
ton Of stops The cables were lower
at the opening on all calls and at the
close, though the final feeling abroad
was rather better. The trend of re.
cent market affairs has not altered
the sentiment of the large holders Of
wheat They, and the merchant grain
trade here and abroad, adhere to their
belief that the price of this cereal
win be fixed on a new world level by
the operation of natural conditions.
Russian reports, OF a semiofficial char
acter lead to the European deficit. AS
it looks now, France and Italy are the
only countries having more wheat
than was grown in 1906. Winnepeg
advices are to the effect that there
will not be more than 25,900,000 wheat
of No 3 grade or better, and as mil
lers will not handle anything under
No 3, the chances are that the provin-
ce will have to buy some wheat here
instead Of having any to send out On
the break the usual export business
No. red were sent to the interior for
local milling and New York reports |
over 100 loads taken for export. We
repeat what we have often said. Flue.
tuations in the market price arise from
a great many causes and nobody can |
predict them; but such an export de- |
mand as we now have for wheat can |
arise from only one cause-that is uni |
versal scarcity of breadstuffs. The lie |
Ultimate situation seems to us to in /
sure much higher prices later on |
With proper protection the holder
leed have no anxiety about the result |
The close was more cheerful with q
good rally in progress and the techni
,al situation much stronger by reason
# the freel quotation of weak hold
ngs Clearances GS9,000 wheat and
lour
C0RN--What has been said OF
wheat applies to corn with equal force
liquidation by weak longs,
nd the onslaught of the local crowd
dded to the general feeling of dis
rust of all prices in everything,
aused very severe break. Added
0 this there was the arbltrating of
istant futures against prospective ar
ivals of new corn which had fur |
her depressing effect. The demand
las been temporarily less urgent but
We can forsee the inevitable depletion |,
4 our small stocks before the new
rop can come to the rescue: hence
We do not recommend being short this ,
ereal. Sooner or later there will be
amer feeling in the market and then 1,
orn will be In demand at much bet
er prices. Clearances today, 10000.
OATS-There was no material
hange in the oats situation. The
rade was dull and wholly professional
iithin a narrow range. The consump
i've demand is slightly better. We :.
COX for no great change in prices at {
PROVISIONS-Provisions after
Gliding steady for a time. began to
az under offerings from q local oper-
tor John CudahyD. Scattered liqui-
alton followed and further declines ,
esulted. The market closed easy.
ONE of the buying was for outside
ccount but most of the demand came
rom shorts. Lower hog and grain
larkets were the depressing influence
5. Cash trade good Thirteen hun
red hogs expected tomorrow.
CHICAGO GRAIN.