The Paducah evening sun. [volume] (Paducah, Ky.) 1906-1929, 1908-12-15

BULLS ARE ROUTED
AT WINDY CITY
Bears Get the Upper Hand in
Wheat Pit.
Government Report Differs From
A.. Spectators Figures; Other Fac
tors Drive Prices Down.
CORN Is LOWER. OATS STEADY

Chicago. Dec. 15.-When the gov
eminent report last Monday made the
condition OF winter wheat from four
TO six points higher than the trade
generally In this market had anticipat
ed II knocked the props from under
the prices OF that grain and there was
a tumble early In the week from
which no motive sufficiently strong
for recovery could be found up to the
closing OF the market Saturday.
Conviction is strong in many quar-
tiers that the government report Isl
too optimistic. but going behind the
returns means simply the placing OF
one set OF calculators against another
and taking ones choice. Several state
reports bear out the reasonableness
OF a difference OF opinion as to the
outlook OF the crop of l90S-9. For
instance. the Missouri state authors
ties report condition OF growing
wheat considerably below that OF the
government and announce an ACREAGE
half million acres short OF that CIV
en- out at Washington. On top OF
this pessimistic message Is the COM
plant OF damage by the Hessian ny.
Kansas state report also shows a
smaller acreage and poorer condition
the figures being So against 90
fixed upon by the federal department.
These state messages are giving
the bulls ground for hope that future
reports may vindicate their judgment
OF conditions and OF the outlook for
the market next year, bat the weight
of opinion and argument has been on
the neither side, hence the slump in
values.
Europc Little Interested.
The European buyer has occasion
now to be less interested In the Amer
team situation even than hitherto. 50
far as supplies are concerned. Expert
opinion Is that the surplus Of this
country will be li0 900 900, OF equal
to that OF last year Side by side
with this estimate Is the generally
accepted view that the source OF sup
ply from other countries Is as prom
Using as 4 was n year ago. There may
be falling on OF 10000 900 bushels
In the Argentine. as reported by the
officials OF the republic, but Il IS ac-
ccpted that Australla's surplus viii
more than make up for this deficiency
Moreover. India may be counted on.
apparently for a larger share IN furn-
ishlng the worlds foodstuffs than a
year ago.
Foreign markets during the week
showed the general lack Of anxiety
in that quarter. There has been no
difficulty In getting current supplies
at prices that were satisfactory and
there Is more than ever a disposition
10 take things easy and wait future
Developments with hope that Amer
lean values will get down TO a more
aHurlng basis.
With the present plane OF prices
On Chicago the situation has assumed
moro normal aspect. considered In
view Of the relationship between the
western and the eastern markets. Ten
days ago there was almost an anomal-
Gus situation Of Philadelphia and Bal
timore consuming wheat at thc same
CT az n lower value that prevailed
right here In the center Of the wheat
market and close TO the producing
TERRITORY There has been an even
ing up process the last week, dut 10
the big slump ia prices here.
Drop In Prices Prccipitated.
The tumble began Immediately af-
ter the government report was pub
lished. There was nothing In the
northwestern situation to combat the
influence OF the government figures.
The -four grade was reported dull and
diflculty was being encountered to
get shipping directions for the pro-
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