The sun. [volume] (New York [N.Y.]) 1833-1916, 1906-03-11
b eRAiN MARKETs.
wheat stronEer-YsaiBSh Estipats n1Fagm
~. Reseryes-sherts Cover.

lb0, <0S, 900 BUSH. OF cohBiueteo'! VIZ ~.
expected. shorts covered freely on mH
and there was more or less new buying a
Early In the day prices here decltned. OWNS
to favorable weather and crop reports iromm
the Southwest, bearish adviceS IN retptp
to the -four trade, llberafreceipts and ruIuner
hammering, but later on the complexion %
tho market CHI an ged. especially az onieaso
showed noteworthy strength.
Bulls were much en- oourageu by meHo'eip,
ment report placing the farm reserves az
1853, 4oS, 600 bush. whereas the private ettl,
mates have been running from 0 O.oOO,ooo
to 225, 900, 900. They regard this falnnE Oh
from private estimates as undoupteu,yLo
big bull card which must sooner or iater
have effect. 80.
One of the bulls said yesterday a~fternoon:
The bears did not attempt to. Governor this
report. They did not dare to-. j look ior.e
stron ger market In a short time espect1lS
as we are only about two cents beloW Gu.opo
and there must soon be a umptlo % -
port trade, particularly as ocean iIeisnVe
are declining all the time. The pears hahe
all the prestige IL is true, but in the emo ute
market must ad van ce, and l think In q coupie
of weeks we shall see a decidedly dinerent
state of affairs. oon-
rIhe first moves 81 Sa me s seh1th seeing that
supplies were held back and prices. ooonaea
qp%til !, ye p got sSv clear Ks sb s6Sy ths az bu sEhp and Mani
caught the bird. For some time too the
to be a line Of eight to ten million bushels
held by some big Wall Street man. gppp0sfdlE
having Ia 'G,t an account 10 9so n t seeabs esrs' FEEL quite
sure 1t is there. but they haven't shaken onS
thu man. and in The set END n15 % az reSs snl Being ~ hIg1 Sar-
ried over TO July, which on the face OF 1t woul
look rather bearlsh. you'd
nut a, inherent face on the whole matter
especially az farm reserves are shown toD "
much below Priy Srbw essiih bas any interest GG res IN
the market at ali. II he had they would
hardly gun for him. for he could get ugly anu
bears. As the case stands We, are nearing
an export basis after the s uaes ~. de eS ! neea IN
Brighten up for the bulls IN q short time >.
,rp 5efFs trade qsn f Is sfIli dui Il and md that slthoSs6
estimates Of reserves are below expectations
they are stiii 5000, 900 bushels larger thar at
for the week were Sol, 900 bush ]agslnsstt
100000 in the previous week and ! 'qoo; eoo
1000 e1 bush against o;ss24. 900 IN, the, same
time last year. The four countries elrsady
reported nave shipped 1904 900 bush during
what I have many times noted. as tending
to Just such q situation as nov I G 0sd <
i lyle .'1@AAH oidlns,, our wheat above expert
attention and shortening the Ees time nror fST t tbe
mistafe we looked for, 1t is, a matter Of
figures: we have more wheat than we need
for our own n use ,9 ana ddrn mere Re 1 5nar E MADE else
where. This is hard to do with other count tries
feeling they must %ndersell us t to SUPPLY adg
vantage with sellers in competition:
There has been enough moisture on our
few days we need more and then We can say
we have escaped the dangers OF a dry MarGn;
Mid nh fS Tint eP'i and If we" we '6fayIse i We can look
for large seeding in the Northwest. Argen-
tina has entered the period OF IA larE fp c eep sin :
port stocks are depressing the English mar
kets which are most important to us. The
nsnsf' Kim IN t fdo pas ha nea aaS g an rs ! S Of {Sor 1disn
buying has been for that county she DO uSht
e TaoMirsmept isss are se less. To NV What price We
must 90. to stay the decline is beyond our
pf sye4sSs seasons Me sa Sed r this Causes sae me $40 to
hesitate IN ad Vising sales after having been
bearish for an extended period A. look
a al Sei as a a Moderate @dderaatse decline. It Would seem
only a crop accident can bring us I, fair re,
Happen and it is seldom we escape them
entirely in any season" $3.50
1.-THE The ,o Test Ritb TIER IIeRRt shove sSoW in p tbe GlUg ian
srees above; The temperature In the North
Partly cloudy conditions were noted IL tho
p Mssst; s a trace wa At Il 2al ,aSp co. s SoSX g CITY SG and
DM6uaus and / 3. inch at Chicago; TEMPER
It was partly cloudy there was 90 inch q fspow
at Wichita and ,otinfh at RGdE ia,, In the 9h Ohio
adespatch from King Of Toiedo, says that
the Mi sbas 9g p sta cent fTS OF the Esp sorrs rG5 SsTas
agree that wheat was injured somewhat last
month Half Of the orIesPondents state
week during the month. In December the
condition Of the crop was o. per cent. and IN
ths hands hSnd 81 Of Per farmers ffnsi t s.ccc,o GU b asRsie OF u
wheat.
market was Strengthened By the adyanee
one Am said not = dol Long az sinS seth there : va, Sss
Graded q a5eei m poofIy and q was g1rn more %se than bai's den lnSi
would absorb without liberal price con.
c%essions. As a consequence PRICES were
time, the roads became bad and farmert
anything Of, the roads IN most Of, the corr
States at this season easily understand why
reee iRtsri Stimulated reSs1Ptdf f inte s9 s@dNi bulls hsS te ad'
vance the market Some shorts were run Il
and the May opti9? On IL Cai II touched "a
In the week the export business has beef
SITlalt. tlpdFdTCeh nave -DtfU ROOu, UuI "
il noted about one half of our visible supply
recently has been at the seaboard and lsrEel!
awaiting export. The holdings In farmers
hands is to appear on Saturday. March 10
The expectation is for q generous supply
and Fridays action of the market seemed
to be in anticipation NJ Of h bssFis ,ba aeShres W,
will bring us into lower prices"
Oats: at the West We're firm with corn,
The offerings were light, the cash demand
was fair and shorts covered. D..
Wheat on the spot was quiet. Sales. -, ooC
tuab M . red. Ch0iCa. lAc. nyAr NAN
York May; No. i northern Duluth. 29Ae, over
The N ssg lSst wesR s rep ehp last were yssr. * GS,S cars rs
z cars. against las, week and q last year
bush. Prices as follows: ~
Open HIGH Lou Cos Prev
%ss,y"m"".." st n, 8.
September. "....5 81 sS4 % S2S
Oats were feirly active on the spot. Sales
s9e, GOO e eo4n Wa Was ? d %ifed o. % tss sp Not. : g saIss.
/; GOO bush, ~: : '7'.ci; No. ThIte, ssxe
bush. Prices as follows: