The Cairo bulletin., 1907-10-10
OF Wheat and Looks to U. S. For Sup
uIy--corn Stronger--Good Oats
Demand.

Chicago, Oct. 9.-WHEAT-unde
a broadening trade and bullish foreig,
as well as domestic influences new
high records We're created, and the ad
vance left was we'll maintained Their,
was disposition locally to construt
the government report bearishly be
cause no further reduction was notet
in spring wheat but the present croE
indicated-an final figures are quit
| likely to be smaller--is inadequate
under conditions existing this season
at home, in the Canadian northwest
Britain in particular depends for high
grade wheat, had very little Of mill
ing quality Europe, excepting
France, is short and the requirements
where excepting from the United
States, and we have no surplus suffi
Client to meet the demand at the pres
ent level of prices. Since July first
worlds shipments have averaged 12G,-
100000 for the past years This season
American supplied fifty millions, com
pared with 45,W0, 900 a year ago and
100000 two years ago, This Il
pretty clear evidence of the depend
ence of Europe upon this country Re.
cepits in the southwest are declining
and stocks falling off. Kansas City
reported big demand from the CONT
nent today. We believe this to be an
exceptional year in regard to this ce-
real and figure upon much higher
prices on this crop. Liverpool finish
ed from 11s to i higher. Local re-
ceipts were IS cars with 100 expected
tomorrow. Northwestern cars 54S
against 749 year ago. Primary re-
eeipts were short of last season at l.,
097, 900. Clearances 371 700.
CORN - Corn displayed further
strength, with rather general de-
mand from commission houses. The
strong cables from Liverpool, the
smaller receipts than expected and
the character of the advices from
most Of the principal states respecting
husking probabilities were the early
bull influences. The best prices of the
day We're made on the government re
port which showed q condition of rs
a decrease Of over two points, which
was greater than anticipated. The
crop indicated is 2,44S.090,000. The
detailed report by states is even more
bullish, Iowa. Kansas and Nebraska
all surplus producing states, reportNs
a condition under 70, We believe these
figures must be further cut before
the true production is correctly re-
ported. Receipts are showing a ten
dency to fal off and the demand Is
good. We are quite likely in the
next 80 days to get some very dis
reports in regard to husk- |
ing We look for higher prices. Liver |
pool finished from Y to ] X higher
Local receipts 231 cars with All ex
Dected tomorrow Primary receipts |
$4,000 aginst $4,000 last year. Clea :
ances $4,000.
OATS-Oats sold up 1l2c, losing a |
fdcllOH Oh lHe gam loNdIu tuf Nio9cf L
rhe government figures did not ma. |
alter last months estimate of |
745. 800, 900 is indicated on a yield per
acre of 23.5. This estimate is basel
On measured bushels but on the basis
Of weight a reduction of at least 10 |
per cent should be made and the
Iuality of the crop is such as to neces-
state further reduction to arrive at
| correct idea of the merchantable
quantity The demand is good and
receipts are showing a tendency to
Ease up. Local arrivals were 1875 cars
With 1870 expected tomorrow. Total
primary receipts shade over last
rear at $4,000.
PROVISIONS-The further small |
Improvement in provisions was in re-
iponse to the influences of advances
n hogs and grain. The volume of
rade was again small. Packers sold
.romd top prices. Cash trade re
mains good. 1000 hogs estimated for
tomorrow.