The sun. [volume] (New York [N.Y.]) 1833-1916, 1906-03-25
THE CRAZY MARKETS.
fNheat Declines Then q ailies-Cabies Dis
appolntins--Minneapolis strtns-Corn
and Odts.Easler,

appointing Minneapolis s~trtnS--CoFr
and OatssEasier.
Wheat rallied from ssu early decline and
7woimd.up at about where il stood az the close
on. Friday, owing to'a comparatively strona
ma rke at Minneapolis and GOVERNS of shorts
The trading was quiet. however. end the
fluctuations in prices relatively narrow.
Early in the day a. small decline took place.
owing TO. disappointing cables, generally
favorable weather conditions at, the West
scattered liquidation and more or. less beaI
hsmmerihg, liverpool declined I'D and
~Budapest't kr. while, Paris was ur changed
to s Tcehtimes higher and. Berlin rose y 10
1'mark. .''' :. 50 '
Besides. it became apparent that consider
able of the weaker short, interest had been
elimin ated on the recent rally, and while
the estimated world 3 shipments of o, 100000
bush did not look 80 very large. they were
nevertheless, In excess Of the worlds esti-
mated requirements for the week. Then
too. the indications pointed 'tossome increase
in the visible supply on Monday and the re-
ceipts at the West were reported liberal ,
In the winter wheat States and the North :
west II was generally warmer. SHOWS were
reported. at-somet points in the Ohio Valley
States. TWAS rainin gin Missouri and Eansas.
With the indications pointing TO 2 TURNER
precipitation over Sunday. accompanied oy
moderating Temperatures:
About three months remain to new wheat
ooith much e hi, old SHEA. .gbe2, .1 to d ~ s1nse on on iwS shsS
se4 i is a bearish featufe we. esnnot dis s.
miss from mention; Not much can ear 5e SAID IN
senSe Of eomplaint. is much in evidence the
cause Is lacking. In ,Russia. the situation y
highly. satisfactory u must be m6e
wheat and nothing can'be said Of 4 crop not
planted. Not for want q seed viii the area
be decreased: Aftet what has happsnSe
crop in Russia A late cable from Antwerp
says Argentina arrivals are proving very
sa1iiiSt ss1s to IL 4 't fsam lo oR %aslit any in pt tRas
country indications at close o, week are
in favor OF some spripslike weather in the
weather does not prove bearieh.
Later in the day, however, the offerings
fell of to very small proportions. and seeing
whereupon the market quickly rallied. es-
peeially as Minneapolis reported a better
dsTn aan5 t for s9 s1f.d sn T., Il IVES ns stro sd;'ha' the
Then again the, Australian shipments for
the week were only, $50, 900 bush ;sgainst
year, The exports from the four countries
al5eadyreported have been 100000 bush and
some, estimating the Russian and DsnhPian
the total worlds shipments would reach only
s,ao1;ooo bnshi - ,
Logan. ( Bryan said; News in . s%tatisti-
ness and -four demand, The fact that We
have reached a level where export business
ofn the se m aoPs ae Wosld dn 'fndi ssien the e sds a Is Oh
acts more stout and healthy than for a long
Corn was depressed by increasing. receipts,
bear raidlnR at the West, scattered louida-
t ssS t 5SspO55t Sln Of Larger IF the sou spesui fsfeptaaffSs s
fo ssr the f market Vas not entirely lacking in
support, and a better export demand was
n ! 4 iSn was vas re Ror,;sI e sod Be ! au i y o SSd
RR t4tSs6el F dseiiaed 1 "a HFrt GSsIeaso T Tecsis sste 80
cars, including Z Of contract grade. and eI-
ps one d rs s sstG H0n Price i. too high for much
buying specqlatiyely, and those who would
sell seem inclined to go slow until conditions
s:f tR S0S fefds vii IL admit init the farnsr viii enter SHeT
on ploue ching and seeding oats. The time is az
hhssnd when this crop sA3 el. De IN TIE Gun a.
a degree affect deliveries Of corn. The hoat-
ing supply has, been lessening. With the lesson
Tine new business for export is small. There
ins ciearancs on past sales. Al.news from
IN another month we viii be having good
JEW ssfE to5 6PoS. @s seT Rsse shi SSa a l ss.sss ssS
largest crop, Much remains Il We had any.
IQlnR near tIt- kuIplle tltH plOduStlOu lliNi-
called; and we.do not question the production.
We continue bearish on corn in the belief that
we will soon have a betterment in 'theYoads.
with no. scarcity Of cars 70 interfere With
shipments. In six years May corn in Chi
! caeo, in the month OF March. preceding, has
ranged from ~ to ssn: VIII average *;
due to a calamitous crop, Conditions now
approximate those when corn was under 40
| cents. Present price lis around AS and one
we think viii release much from fret hands
when the weather gets good for deliveries"
spite o. rs5RoTFs[s RS, that hss dd6po stt,e 6I9 3sr are e. I'M n;
the West is good. Chicago received 12e
cars, Including a OF contract grade. and
expects 1875 on Monday -,
Armour & CO., Hulburd, Ware d Co. and
the Northern Grain Company bought May
Wheat on the spot was dull, Sales. 1900
hush oh SG; ? re- Tsa, S5sSr1 SS &C. '9 nolfb ssS S 2STk
toba Sc. The E%orthwestern receipts we're
year; Chicago, ?, against u, last week and 10
lsst year Futures closed unchanged to
&c, higher. Sales, 600, 900 bush. Prices as
follows,