The Cairo bulletin., 1907-10-05
Bears Fight Hard For FOOTING Ii
Wheat Pit--LittIe Activity in
Other Grains.

II Chicago, Oct. 4.-IWHEAT- The
news today following upon that 81
yesterday ought to be enough to con
vert the most stubborn bear, but there
are those who cannot or will not be
I lieve the evidence substantiating the
bull position and it is from such that
the selling comes. However, no oper.
ator or set of operators can cheek
the market indefinitely with the sit
uation as it is the world over. Every
| European market added materially to
| yesterdays advance. the continen.
leading. Dry weather continues In In
dia and correspondence from South
Russia indicates very little for ex-
port Texas. Oklahoma and Ohio adj
vices strongly suggest a decrease in
winter wheat acreage owing to dry
weather. and Mr.. Snow makes final
estimate OF 593,000000 for this years
production. When it is understood
home consumption approximates $50
100000 and that fifty million of wheat
and flour have been exported since
July LIST, this crop appears very In
adequate, and ii Europe continues to
buy prices will be put to a point
which will check exports and this III
self defense. Chicago was the cen,
ter OF cash activity today. Several
cargoes We're sold, red bringing
y over December elf Buffalo, the
total business approXimating half a
million bushels. st, Louis reports the
seaboard also buying there and other
cash eenters enjoyed an equally good
demand. Northwestern markets We're
from n to ] higher than Chicago
relatively. Trade is gradually broad |
ening and increasing interest is
shown by the volume of commission
buying ON every little break. Wheat |
bought now will yield handsome pro-
fits. Liverpool closed from * lover
to Il higher and spot market was ur
from u to pence, Local receipts
we're 90 cars with 81 expected tomor
row. Northwestern cars SCI against
us a year ago Total primary res
ceipts were 100000 short OF year
,go at $4,000. CIearances 3Gt.004.j
Argentine shipments 1,21S,000 and |,
;learances from this country accord
ng to Bradstreet's 3,791,000
CORN--Corn was quiet but with a
endeney to advance. Local pit OPT
position Offset the light commission Il
,uying Receipts today fell short OF |
he estimate at 429 cars and 375 are {
tomorrow which is well be- |
ow the recent average. 1t looks as Is
hough arrivals will shortly prove a "a
,ulish card and country adyices sub. I
tantiate this The demand is good t
nd the volume of trade necessitates s
LIBERAL arrivals. With them prices {
viii be advanced Snow indicates a q
oss of one point in the condition of ]
ne crop ignoring damage by frost 0
which he says 1t is too early to esti. {
nate The Ohio state report makes {
he condition of the crop "A or thirty {
oints less than year ago. The casa n
larket was from steady TO u higher. S
liverpool closed a shade lower. To-
al primary receipts were $4,000 u
gainst $4,000 year ago. ClearIs s.
noes 10000. For the week 10000 $
ushels. Argentine shipments 2 u
$1,000. "
OATS-In a small way this mar y
IT showed increased activity at a
tile higher level. The Ohio report ~
Rows the crop to be eleven million .
tort of a year ago. Shows final
'timate of GG0.O0OO)0 of measured q
which is equivalent to GOO,
10000 by weight. The demand is
,od. cash prices advancing u cent
ocal receipts were 20S cars with
2 expected tomorrow. Primary re
'ipts $4,000 against $4,000 year
20.