The Cairo bulletin., 1907-06-15
WALL STREET BLUE HEAVY UNDtRT0Nt
An the Wheat Market Resulted in a
Loss of Two Cents at the Close
Corn Down; Oats Strong.

/ Chicago, June WHEAT Aside
| from d squirt or two on local buying
! the undcrstonc was heavy throughout
the day with the close ut a two cent
loss The local contingent continues
| to nurse the long side and made the
most Of such news as could be used
| as bullish The Berlin cables We're
BY the way at variance with other
European markets where one Of them
reported advancing lac on wheat
and 17sc on rye The break In.
fuenced no cash business and eX-
ports for the day did not exceed 90
loads. No 2 red was the burden Of
last year and stocks In store now are
largely Of that variety and there Is no
demand for IT, The new crop will be
coming iii III 60 days adding To the
burden Attempts to sell II abroad
are lisconragng and until demand
develops for II II will be an obstacle
to speculation. Crop advices were
excellent with cutting beginning In
Kansas, Reports were optimistic
from the spring wheat belt and condi-
tons there and in the Canadian north
west are favorable 10 crop progress.
European crop conditions seemed 10
improve likewise A special cable
from Russia reports general improve
mont and the outlook good and pti-
yate adyices from Germany We're the
/ ttrs1p ri M ~ "a
Local receipts were lti cars with 10
expected tomorrow. Nor hwestern
cars 2GS against 1854 last year. Total
primary receipts 100000 against 347-
900 year ago. Clearances $4,000
bushels. Argentine shipments 2,S04,
900 and clearances from this country
for the past week 100000 bushels,
C0RN--The market was draggy
losing cent with only occasional
feeble rallies. The market was III.
der pressure and lacked support from
either the crop or The cash situation.
Receipts continue liberal while the
demand il disappointing. Warm Wea-
Their in addition to ample moisture
now III The ground. Il an ideal grow
inc condition. Liverpool closed ~
lever. LEGAL receipts were 1856 cars
with 5ll expected tomorrow. Totai
primary receipts ,0A0,oD0 bushels or
$50. 600 more than last year. Clear
ances $4,000 bushels. Argentine
shipments for the week ,5o0.oDo
Bratlstrect clcarances from the eoun-
try $4,000 bushels.
OATS While off fractlonally. this
market was stubborn as compared
with wheat and corn. Local operators
worked the long side of the late de-
liyeries on reports of green bugs in
Illinois and Indiana and in anticlpa
ton Of reports from experts investi'
eating crops. This may be dlsre'
garded as the green bug never does
any damage in warm weather. Wea-
Their conditions are good through the
belt. The cash demand was slow
Local receipts were 1875 cars with 1887
expected tomorrow. Primary receipts
AL 900 bushels. Shipments $4,000
bushels
pROVlSIONS--A fairly gold gen
efal demand for provisions early was
satisfied mainly by offerings from the
packers. Further selling from thai
source later brought about declines
all around and an easy closing. Some
realizing also took place, no doubt in
nuenced by grain weakness. Yester-
days rally in lard was largely due to
fairly liberal shipping sales. The
volume of this business was not
enough to be regarded as a bullish
factor. Hogs estimated for tomorrow
II ,000.