The Cairo bulletin. (Cairo, Ill.) 1???-1928, 1907-07-23
BULLISH FEELING
In Wheat But of Doubtful STRENGTH
Corn improved and Oats Had
Firm Undertone.

! Cairo, H., July WHEAT--It
| will take day or two 10 determine
whether the advance is simply reac-
tionary or based on a more substan.
tial foundation. Speculatively the
market was temporarily at least pref,
lty well sold out at the close of the
week and the break this morning
cleaned up weakly held lines There
is a wide difference between pres.
ent prices and those prevailing but
a few weeks ago and the market tech
|nically Is in a much better position
to respond to bullish DEVELOPMENTS.
The news today did not differ ma.
terially from last week. The north.
west continues to send rather unsatis
factory crop advices and there was 2
rGmor OF black rust in the spring
wheat belt. In some portions of the
winter wheat belt the movement will
be later than usual owing to excess
sive rainfall. Acceptances We're lib
era throughout Ohio but light else.
where. Liverpool came weak but re
covered towards the close on further
unsettled weather in England Al
though prices have declined materially
we are still several cents a bushel
from an export basis. Liverpool
closed from unchanged to VI lower.
Local receipts were 33 cents with 81
expected tomorrow. Northwestern
cars AIT against 421 last year Pri-
mary receipts 100000 or 100000 less
than last season. Clearances 377 900
Worlds shipments 100000 The Wis
ible decreased 449, 900 bushels
CORN - On the opening break
shorts became liberal buyers and with
the stronger tone in wheat this mar& ct
displayed much better strength The
weather in general is favorable for
crop development, and there is no
question but what the plant has pro
crossed rapidly the past two or three
weeks, and if favorable weather con
tinues the next government report
should show considerable improve
ment There are sections Of the
country, notably in the west where
TOO much moisture has nterfered with
and fields are weedy. The
cash market was steady and fair
light demand. Liverpool closed p
low. Local receipts were POS cars
with $50 expected to morrow. Total
primary receipts about the same as
last year at sol 900. Worlds ship
ments, 100000. The visible supply
in creased 10000. Considerable in
crease is noted in local stocks for the
week.
OATS-There was good, general
trade in oats with a firm undertone
the session. Liquidation
has pretty well run its course and
operators feel inclined to work, the
ong side, particularly as crop reports
are not entirely satisfactory. The
west is becoming a little more insist
1nt on claims of damage from rust.
The cash market was weak and from
u to u lower with very little de-
nand for shipment. Local receipts
we're 113 cars with 1877 expected 10
Total primary receipts and
about the same as last
year. The visible decreased 100000. |
PROVISIONS - Provisions were
helped by lighter hog receipts than !
and ruled higher. lard show
ng The most strength under good de- |
nand from packing interests. Milwau
zee packers were cerdited with liner |
Il Purchases. The advanced induced |
profit taking by some of the recent |
buyers of lard and ribs. The cash |
rade Is improving. 10000 hogs est
mated for tomorrow.