The Cairo bulletin., 1907-10-11
In Wheat Market, Selling on Every
Bulge--Corn Opened Higher
Oats Rather Quiet.

Chicago, Oct WHEAT Except
ing for comparative few the bulls
are timid lot, selling out on evry
bulge and replacing higher up. Real
lizing was general yesterday and
cables this morning were disagree.
able surprise to those without wheat
| Necessity, and not sentiment, liz al
lparently back of the strength abroad.
This Is sustantialted by the active
export business at the advance. 1t
seems all over night offers were
snapped up and later offers made on
the basis OF this mornings prices
were also taken. Every cash center
reports big business both for export
and domestic consumption and total
export sales were estimated at 1872
loads. Flour business was equally
good The Argentine should be the
hope of Europe and the forecast fos
frost tonight evidently proved discon
certing. Reports on fall sowing con.
ditions in Russia were far from sat
isfactory. The statement of the
worlds stock Of wheat October Isl.
will be issued this afternoon and Will
show an increase for September Of 21b
million against an increase a year ago
OF 36 million. This statement In IT..
self tells the story of the world Il
position. 1t is not to be expected that
the full effect of the worlds position
will be reflected In prices in day or
TWO, but as the advancing factors in
the situation assert themselves values
will respond. We lock for very much
higher prices. Liverpool closed from
Ia to 1ss higher with the spot mar
ket I " to 212 higher. The extreme
advance In spot was for American red
winter, Local receipts We're lit cars
with lis expected tomorrow. North
western receipts 529 against AS 81
year ago. Primary receipts 945, 900
shade more than year ago. Clear
ances 100000 Argentine shipments
fer the week estimated at $780, 900.
CCRN-Corn opened cent higher
and held part OF the gain although
realizing was on O fairly liberal scale 4
Inc advance OF decreasing receipts
and the fear Of what husking returns
VIII show respecting production con
tinue to be the leading bull inf,l-
ence. The relative value of corn also
gains, its friends and Europe taking
more interest. Liverpool was up x
to Id. and Berlin w. Europe, with
@ full knowledge of the short crop In
the Danube district, cannot be in
different to the situation here Cash
prices advanced II to &c. We look
for higher prices. Local receipts
We're BAL cars with 37S expected to-
morrow. Primary receipts G24,Ooo |
against $4,000 year ago. Argen-
tine shipments for the week estimated |
at 100000.
OATS-The oats market was rath. |
er quiet as compared with recent |
sessions. Trade was light and on the |
whole featureless. Receipts ran
short of the estimate and the cash
market gained nc. Barley sold at
Sl.0S here. The position Is strong |
and higher prices wiz be realized. 10.
cal receipts were 172 cars with 1873
expected tomorrow. Total primary |
receipts 10000 against 7il,0O0 a year
ago.
PROVISIONS - Provisions values
were sharply higher and the market |
closed strong January and May pro.
duct showed the most advance be.
cause OF an increase Ia the investment |
demand as we'll as covering by shorts |
The selling was scattered partly by |
lesser packers. Nearby product was
helped by the excellent shipping de.
mand. This market has broadened |
considerably. $1,000 hogs estimated
for tomorrow.