The Cairo bulletin. (Cairo, Ill.) 1???-1928, 1907-06-20
BEAR|SH TENDENCY BULL SENTIMENT
In tie Wheat Market Caused By News
,iard 10 Believe in Face az Wealth
or co0ditions.

Chicago. June ~ WHEAT. Local
sentiment continues bullish and there
was enough news OF supporting
character sent in by those OF similar
beliefs TO encourage local holders.
Some Of the advices are rather hard
to believe in Wow of the weather con
ditions throughout the country. The
green bugs We're reported in South
Dakota and wire worms and drought
were said to be working considerable
damage in North Dakota ana the
northwest was a large buyer Of wheat
here at ono time King. Of Toledo
puts the Ohio crop at 30,010,d00
bushels or about one-third less than
last year and states bread and seed
requirements to be about 25.000.000
bushels. Kansas City reported q bet
ter milling inquiry for hard wheat
Liverpool reacted from the advance
of yesterday. Special Russian SER
vice reports hot and dry weather in
the south with more rain needed The
foreign mail has bullish tone. There
Is no evidence yet that the green bug
has done any damage TO the spring
wheat crop, but if continent con
tinues bulllsh. and the news can be
construed favorable TO that side, then
wheat win work some higher. Liver
pool closed * lower Local receipts
we're Is cars with "a expected tomor-
row. Northwestern cars 249 against
al last year Total primary receipts
receipts 10000 bushels against 290,-
900 last year. Clearances were AGO.
e0c bushels
CORN-Offerings Of corn proved
light when the market was taken in
hand by local operators led by pro-
visions interests. There were also
considerable outside buying in a small
way and The market was larger taan
for some days, while the present wea-
ther is favorable. bullish sentiment Is
based on the lateness of the crop and
Inc possibility of short yield as q
razult of accidents prior 10 harvest.
Corn viii be bulled on the least I'M
favorable developments in crop con
ditions. The cash market was from
u 10 &c higher but shipping demand
was only fair Receipts were 1l6
cars with 1872 expected tomorrow and
light receipts are anticipated for the
next ten days. Liverpool was a shade
lower. Primary receipts were 995,
COO against $4,000 a year age Clear
anees 20S.000 bushels.
OATS Oats were very active on
reports of the green bug in Illinois
and Indiana. Such reports came IN
Increased volume bringing some out
side buying. but the bulk of the trad
ing on the long side was for local ac
count Most Of the reports acknowl
edged the presence of bugs but
claimed no damage as yet, while
others stated positively that the fields
are plainly showing the effect. The
Illinois state eniomologist says the
sample of bugs submitted to him is
common grain louise. Local receipts
were II cars with 81 expected for to
morrow. Total primary receipts Were
little short Of shipments at 4270Ol
bushels.
PROVISIONS Early selling By
smaller western packers followed
later bv offerings from larger local
packers made a weak provision mar
ket as the demand was rather limited
The buying was scattered mostly out
side in ribs and lard. Pit traders tool
most of the pork Part of today'
selling was no doubt in anticipation
Of an increased hog movement In Tho
near future. $4,000 hogs estimated
for Tomorrow.