The Cairo bulletin., 1907-10-15
GRAIN AND STOCK LETTERS FROM BARTLETT a CAR
RINcToN, MEMBERS CHICAGO TRADE AND NEW
STOCK ACCOMPLISHMENTS THROUGH CAIRO BOARD
OF TRADE COMMITTEE AT ROOMS 22o EIGHTH STREET.
BEARS OF LONDON WHEATFLUCTUATED
Largely Governed BY Technical Con.
dtions In Pit--corn Acted Ner.
vously In Sympathy.

Chicago, Oct. 14.-WHEAT.- The
market has been nervous all day with
some exciting moments. Fluctuations
have been rather erratic and gov.
erned to a large extent by technical
conditions in the pit. The close was
easy under the influence of lower
tations at Minneapolis The opening
was a little lower on an effort to
cover by shorts early in the lay
showed that there were few sellers
and the attempt resulted in a quick
rise which carried all options to new
higher records. AT these figures there
was the usual realizing and prices re-
I acted slightly. On the easing off the
export buying, which has been a con-
slant feature for the last fortnight.
was resumed and large volume Of
|acceptances We're reported. The
foreign situation remains very strong.
all the closing cables showing good
advances. "A further bullish influence
was exerted by the report from good
sourees that Hungary is likely to
abolish the duty on wheat and that
Roumania may prohibit exports of
the principal breadstuffs Bids at the |
gulf for hard winter wheat were SIC |
over our December The local stocks |
of No 3 red Is being drawn upon and |
We viii call attention to our soft win |
ter wheat as the best bargain in the |
cereals to be found anywhere. The /
report of the visible supply was de- I
layed but with Kansas City, Lakes /
and canals to come showed a del
crease of 100000. Last weeks worlds
shipments were 13,40S, 900, about one
million Under the previous week. The /
on passage is 921. 700
CORN-This market moved in d
nervous manner the same as wheat.
Traders expected lower range but
when attempts were made to buy on
the opening it was found that the pit
was bare of selling orders. December
advanced sharply to 64M and May
to 651s. At the top holders took
profits and the rest OF the trading
was featureless, rejecting only the
sentiment in wheat Worlds ship.
nents were a million less than last
week, being 2,6S0,O00, of which the
Argentine furnished about one and a
lnarter millions. more than d million Il,
ess than the previous week The ;
mount on passage shows an increase
" the week of 100000. Liverpool
itock increases very little and the |,
feeling abroad Is decidedly bullish. 4
We feel that the urgent demand for
,nr corn will soon make itself felt !
md that prices will easily respond.
OATS-Tfe market was higher UNI
Ter the influence of light receipts
md the small proportion of contract1
trade coming in The demand forl
eeding continues good and it is evil
lent to us that there will be no ma.
erlal change in consumption. We
xpect to see higher prices.
PROVISIONS-A fair investment
emand for January and May product
bullish grain houses leading), to-
ether with buying of lard by packing
gave further good upturn
o provisions and firm closing. The
dvance induced some profit takingl
y longs and lesser packers sold in a
Moderate way. This market con
inues to show a broadening tendency
ash trade good. 1900 hogs esti-
lated for tomorrow.