The sun. [volume] (New York [N.Y.]) 1833-1916, 1906-03-02
PWlLADEEpHfA Quotations
u HRiIN MARhEf.
Whest iSwer M FstosabIe weather. and
tFeg Neposis C0FH and Oats Faster
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wheat declined partly owIna 70 predictions
NJ rain In Kansas and ~ Increased shipments
from Argentina and lower foreign markets
The weather vas hnc New low records
we're made
Chicn w. operators were AL 4 to 10 aunning"
Tor wall street lohas.
flvrtpnoi was dulet and ID 10 I'd lower
Berlin declined mark Budapest was =
kfeutfcfs lower
Liverpool declined under pressure 10 sell.
the depression In America. cheaper offerings
NJ American winter wheat, and predictions NJ
larger Argentine shipments, but became
stcadler on the covering 81 shorts and a heavy
decreasr In millers' stocks,
Chicago people profess 10 believe tina,
Charles " Schwab IL long of a large line of
wheat. Some claim that II amounts 10 49,
No. OoO bushels. hut this Is probably very
largely cOnieCtural
One depressing factor was the increasing
stocks nj the Northwest, Thus far Mime
apolis has gained vi 1000 bushels
Al Chicago a good deal Of sellinR on stop
orders was reported and the market lacked
support, except that received from The cover
ing Of shorts.
Another thing upon which bears enlarged
was he Price TWrroHfs week ~ crop summary.
II stated, Present hard freezing not dis
turbinR wheat plant where covered with snow.
Late correspondence reflects but little I'M
favorably. Bad conditi ion Of roads has cur
tailed movement Of product,
There was some selling. too. on reports Of
snow in RRnsqs, which more than Offset the
reports Of lower temperatures in that stat @,
Then again bears we're encouraged by an
estimate placing the Arg eXportable
surplus az 1874. DOC. 900 bush.
II was not lost sight OF either that the
c. ,n. ..AIG.. .nlIfn- nrInra 90
Chicago and that the Northwest also sold.
The cash demand was light and the state
ment OF exports for the day furnished nothing
very stimulating. Of -four 20, 900 bbls, were
cleared from the seab0ard. and of whe at
1872. 900 bush. went out.
The receipts at the primary markets con-
tinued large and the shipments light. The
total arrivals amount ed to 600 900 bush.
against 494, 900 last week and 49s, 900 last year.
Thus far this week 1852 coo bush. have been
last week and > 200, 900 last year.
The primary shipments were ,2l2 600 bush,
year, Thus far this week, $4,000 bush.
have been shipped. against l,Ol3,OO0 in the
n the other hand. reports came from a
number OF points in Kansas that high winds
and dust storms have damaged the crop.
other sect Ions Of the Southwest,
Much colder weather was predicted for the
reported at some country markets,
But general sentiment favored a decline and
1t came, Some think that the market i be
are getting too much company and that a
sharp recoll would not be surprising at any
time.
However this may be, the short side is IN.
doubtedly. the popular one at the moment
because of the stagnation of the export trade
and the generally favorable outlook for the
crop.
Armour bought on the decline, supposedly
TO cover shorts. Kidston and Hubbard,
WArrpn 4 Go. were BUYERS. BrOSSeau N
Clifford together with Wrenn also bought at
times, Houses with Northwestern conpnec-
4. bearlsh view The price is gradually
taking but buying, for a rise Is not much IN
evidence. Long wheat feeds the market and
the news while not very ~, bs ca 1i;ah after 80
attention to suggest Europe is inclined to
those having -four to sell, Stocks are large
and dealers buy sparingly because of a general
be llfba that higher sIu values ranai, are ths nn In x sto,sI
argentina 70 the neighborh9od Of 10000. 900
Atyres that the sidn dard, a newspaper " that
city, estimates it a. 1873 ,0c0. 900 bushels. And
there you are. with always the last state
early in this month will go far in allaying crop
fears fora time, We see nothing we can say
1n u Ef2P s @'S6n ana %e may have have U a spriRg = seed ed.
ing admitting of a HARVESTING Of all wheat
from 1900. 600 acres, We bid iar to enter
Corn, In the face OF reports of bad roads,
small estimated Argentina SHIPMENTS and
wheat. Many are bearish because Of the big
crop and a large eXportable surplus.
no The d css iiDt trade continued % nd T Avn and r1d LiT ino
shipments for the week, were estimated at
only 100000 bush. In this connectIon it is
pointed out, that the crop season is nearing
an end in that country.
ppdLke was a good seller of duly: Logan
\ Bryan bought that month; Messrs. Nash,
Chicago received 200 cars, Of which only ?
we're $50, 600 bush. against COZ 600 last week
and SlS'oOo last year; thus iar this week
board clear red 457 900 bush.
Oats gave way mainly because OF the break
' = Wright 4 CO.. Ware q Leland and
Epdike were sellers. Buckley was a good
for the Peavey Grain Company.
Chicago received lel cars, including 20
ceipts We're 551 900 bush, against 420, 900 last
week and 36s 900 last year.
Trades at Chicago yesterday carried the
full increased commission pro vided for in
sions will be double those recently prevailing,
round tnrn. on ribs and pork $3.50 and on
lard SIS. The rates for members OF the EN-
change outside of Chicago are on grain nc.
for the round turn and on provisions one
half Of the regular rates. The new commits
sion for resident members OF the Chica go
board will be IS on grain; clearing trades
for members doing their own trading. 81 .25l
brokerages will be SOC, on each 5000 bush. of
grain and SOC. for each lot Of provisions.
None Of the othM grain exchanges has adj
vanced commissioning. as yet. The matter
was up before the New York Produce FIX
change a short time ago but the rule pro-
posed was considered incomplete and laid on
the table.
Wheat. on the spot was dull. Sales. "a 1000
bush. No. 2 red. export. nc. over New
York May; choice, 90. over; No, / northern
Duluth. 3l!c. over: No. l northern Manitoba,
s913c;, Futures closed 4 to &c. lower. Prices
as follows:
Open HIGH LoD- Clos PREF.
N, Max :sss & s: 4 81 e 0Is e.
September, 49,. $3.50 $50 $3.50 sSA SO
Oats We're quiet on the spot. Sales. 81. 900
bush. Natural white. 30 to 81 lbs. 35I5 sec:
No \ mi yad 9StLp Torn NVou nhiat - H.