The Cairo bulletin., 1907-08-07
WHEAT WAS WEAK
Owing to Forced and Voluntary Liqui-
dation--SIump in Oats Left Corn
at the Top Of the List.

! Cairo, ILL.,, Aug. -WHEAT-L iqui,
land short selling, made another weak
session. with some reaction toward
the close Sentiment is exceedingly
bearish, almost too unanimous to
make the short side attractive, but, at
the same time, it must be admitted
that the situation offers little en-
enlargement for the immediate future
The bull position depends upon dam
! age in the northwest or good ex,
/ port demand. The spring wheat crop
! is late and subject to damage by frost
! and the adyices received today, es-
recially from North Dakota, We're by
no means hattering A little business
| Is going for export, as loads being
reported today. The, market has had
a pretty thorough hcuse-cleaning the
visable to go a little slow on the de-
clines from this point Frost over
might. or a change in the European at
titude toward our surplus would put
an entirely different complexion on
the market. Liverpool closed little
lower. Continental markets averaged
weak Local receipts sos cars with
213 expected tomorrow Northwest
ern cars 243 against 1884 a year ago
Primary receipts 1,15G000, or 100000
more than last year Clearances IT,
900 or about the same as last year
Bradstreet decreased upward of o.
600, 900 bushels as against an increase
of approximately one million a year
ago
CORN-This market displayed first
weakness in wheat and the slump in
oats caused free local realizing and
aggressive short selling by the pit
element but offerings We're well taken
by commission houses and prices at
the close showed very little change. |
Contract stocks are down to 10000
and fetal local stocks are 100000 or
COO 900 less than year ago. Receipts |
are light and the shipping demand |
good for yellow and White but little |
slow for mixed The sample market |
was from II to cent lower, the pro-
weakness being for the low
grades. Crop adyices show no i'm
provement Nebraska is now figured
Oh for rs per cent of crop. Short
rats and corn crops suggest high
average values this year for both.
Liverpool advanced &c, Local re-
'eipts 312 cars with 1l3 expected to-
morrow. Primary receipts We're 1872
100 against 3G5, 900 last year. Clear
lnces 100000 Bradstreet decreased
coo 900 or 100000 less than last
yeaf
OATS-Outside interctts and floor
raiders went cut OF their long oats
oday The reaction alters in no way
he situation. In reality ii shows the
healthy conditions of the market.
returns are not improved
ind the sentiment of the country is
,est illustrated by the very light
,fferings of the new crop for ship
nent. Local receipts are light The
ash crowd backed off from the new
ats as happens every year and they
we're quoted from two to three cents
over. Old supplies, however, are all
ontracted for ami the demand will
Don run oh the new crop. Contract
tocks are less than half a million and
he total supply is one million. Re
eipts were 134 ears with expected
Bradstreet decreased L.,
10000 as against slight increase
ist year
PROFESSIONALISM weakness
! the hog market influenced an early
ecline in provision on which com
ission house selling of lard and ribs
as on a fairly liberal scale The
ak OF these offerings landed with
he larger local packers and further
amand from them caused a recovery
ld firm closing. At today's decline
nd was on an export basis, This
as a foctor in the closing rally. go
No hogs expected for tomorrow.