The Cairo bulletin. (Cairo, Ill.) 1???-1928, 1907-08-09
Stocks : Bonds !. Cereals
PLAYING POLITICS NO R[cKLESSN[SS
Marked Wheat Transactions Yester
day--Little Short Selline-offer-
ings Absorbed--Corn Quiet,
Oats Active.

{ bartlett, Fraser & Carrington.)
Cairo. H., Aug. S.-WHEAT--Whilo
wheat did not close materially higher
the market showed better ability to
absorb offerings, and although several
attempts were made during the day
to create a panicky feeling, such as
| existed at various times the past two
days. orders under the market were in
sufficient volume to absorb offerings
| There were reasons, and apparently
good ones, why reckless short selling
should be omitted at this time. III the
/ first place the spring wheat crop Is
! NOT yet harvested. 1t Is late every.
where through the belt and decidedly
So in the northern sections and is
consequently in danger OF frost dam
age Secondly, foreign markets are
not declining anywhere near as rapid,
~ as Chicago and an export parity
has been about reached, There Is
no question but what exporters OF
both flour and wheat are doing more
business than is being reported. In
the third place September liquidation
and the consequent pressure is more
than usual this year. Until September
is placed weak days will occur and
such should be taken advantage OF to
buy Gables We're off but 19 to n
which is but a fraction of our loss OF
yesterday. Estimated Argentine ship.
ments are light at 100000 Primary
receipts about the same as last year
let little in excess of 100000, Lo-
cal receipts were 305 sars with no
estimate. Clearances $4,000.
CORN--Corn quiet and steadier
about describes this market today.
Trade was light and without feature
save for the commission buying of
the late deliveries earlier in the SEES
sion. Gables were strong, Liverpool
closing unchanged and noting light
supplies. Argentine shipments are
estimated at 100000 Considerable
under last year. The weather on the
whole is favorable but the crop Is
uneven and late. Considerable storm
damage was noted in mornings dis
patches from Illinois and Iowa. On
the breaks buy the May. Local re-
ceipts were POP cars with 1873 ex-
pected tomorrow, Primary receipts
264 00l. Clearances 1919, 900.
+ OATS--There is no let up in the
interest and activity in this cereal.
September today sold on a parity with
Al. oh TN "a month
are showing considerable anxiety.
This is natural considering the
change in weather and the light yields
and light weight of the new oats.
Heavy rains were general throughout
Illinois aud parts of Iowa again last
night which will delay threshing and
possibly cause some damage to, the
oats in shock Threshing advices
from practically the entire belt show
no Improvement In the northwest
the crop is reported badly rusted and
storm damage is re
ported from parts of Illinois and west
of the Mississippi river Old oats
sold in the sample market from 1a to
cent bushel over yesterday and
there is a better demand for the new
crop for shipments. No. white sold
here at 4S cents and No. 4 white at
46. An extraordinary situation exists
and we believe higher prices to be
Local receipts " cars
with 122 expected tomorrow Pri-
mary receipts 24lOOo, shipments 1885,
900. Clearances 5000.
PROVISIONS-Weakness prevailed
In provisions most of the day under
liquidation. Shorts and packers
bought and the closing showed a par
.ial recovery from inside prices. Lo-
cal stocks of contract product are
to decrease ana this ap- |
to give a better tone to the |
market. 1900 hogs expected tomor-
CIV.