The sun. [volume] (New York [N.Y.]) 1833-1916, 1906-04-12
THE GRAIN MARKETS.
wheat acknowledgement LaFger-Weatner
FavOrable-Reoeipts Smaller ana
Oats Firm. .,...

Wheat rallied from an early decline on
covering. buying for Northwestern and Soutn-
western account and larger exports
Lower prices prevailed for wheat In the
morning trading owing to dtsappoinths
foreign ad vices, favorable weather ana
liouidation as well as a lessened pressure
to cover shorts. Liverpool advanced only
x TO I'D. Paris closed unchanged 10 b
centimes higher on wheat and s to Is on nour'
and Berlin advanced 1 to ~ mark. Az buoa-
pest there was a holiday. -,
Export demand. was wanting. The solo
out and oversold condition OF the specuia-
ton has been to some extent relieved oy
the bloodletting Of Tuesday. Cretaiply
the short congestion Ia no longer so obvious.
Favorable weather news from the west
and similar crop news from India and Russia
also initiated against any further rise-at
least for the time being. 4,
Yet the market was far from devolo o.
cover was lessened the offerings Of wheat
here were not large and a certain. neryonseee
spo TtIes sde 'h %as 't aepaT TeeT Cash Wheat.
though not active, was firm. and the NORTH,
Sssi.ern Miller predicts higher receipts until
And later in the day, when the Northwsst
and the Southwest sent good buying orders,
prices rallied and advanced. with early snort
Then, too. While. the elearsnces Of -four
from the seaboard continued on a small
| HCbNC. III w Nd ONltoo tbnt IL
i acre sSd to no1 1913 600 S Sss9 & YSis makes l1e; O $50 , 90
s sns 600 e in the same 1M"t time last week and none
last year. or flour only 1000 bush, cleared,
making but $4,000 thus far this week. agaln ne6
90, 900 In the same time last week ana 5o,oOo
Furthermore. the primary receipts we're
s% oniy a sh% 900 tG bus iom sg s a s SIS Zoo last week
and 2s2, 900 last year, while the shipments
were 22,oOo bush. against I'll 900 last week
'H %e $751; 900 L lsss yeas earson. Darrell. Lake
and houses with Northw estsrn conneotions
A! Tbe So MsSHen ana m, RsrFe said: THE esti-
mated flour output at Minneapol isd TIE hso present ,
operation, but three medium sized mills NH
e ese s ssIltsa f Iess Than F IL Ma rs Su'fss Buyers s9s % l@ho
large 9nantities due, them, While some Of
this ia being ordered out. many mills COM
plain OF difficulty in getting enough directions
TO avoid idleness. ~
There is encouraging inquiry from Eur bd.h
demand FOR Mil feed for quick shipment Is
S q ion' s.! spo su RRRsst 'h E strong RrtSss a and u in ' active SsiS
demand. Receipts are expected to run
lighteE' until after e. sesd din M y ne Pc bu sha
Speeding Conditions are iiayora bic and
day in some parts Of tie Y%crihSest furnished
4 cable from m Broo s,andI dated "a he Lh opePina,
With values I'd. higher. being Influenced, by
the American Government report ppoll dnS
owing to the approaching holidays. with The
UNDERGONE, steady. According to an of,cial
Indian report for the Tee tsy snaed M Mith t n;
exception Of some local damage by hail re-
ported in the United Provinces. A semi
a NJ --- r.. A~rtl 4 IN Na HI nnndtfInn
! Of Winter crops in European Russia and
I Poland as satisfactory TO good; The area
under GerD Spring Mda a Tr9r s,t + IL na lSfe of, es 1sst yen Ever
and stocks decreasi3K rapidly,
able for field work and early in the day the
tone was somewhat easier. owing to the early
there is an abundance, indeed a superabun:
dance OF supplies and that eventually II will
be moved TO market.
ing pressure and the e%asinese, proved only
temporary. The present small crop move
d% Decidedly THsdf smpen ~ @e eEiree Ct on ia' anything 9' ike
bearish enthusiasm.
Chicago e, only ITO oaF AZ and f1t q this S4;t total
arrivals were 1so, 1000 bush. against. 4sS 900
a~w eek ago and 100000. a year ago. while the
81 sss% 800 hs sshpHi against Set 4sl 90 last week and
The seabosrd clearanees were iisat. amount
Week Ws and 4so. 900 last year. and thus far this
week but $4,000 bush, have been exported,
as against ! $50 600 In the same time last week
'n g. w. '0i Pstten ras said: THE cash corn situa-
t, ton IN, looks im e. s, n6,In,y thsn e SssIon S oDen m0 "sd
demand South and East stronger than ever.
l believe. May and cash will advance the corn
Messrs. Armour and Wells were prominent
in the buying. Messrs. Long and Sickel
Oats advanced. partly owing to the receipts
being moderate and partly from a fear OF
manipulation OF the May option, A certain
sympathy with the frmness OF corn is also
The nervousness Of the shorts in MAY. oats
has been. as, everybody knows. one of the
fear bull manipulation OF, the, May option.
The leading bun is believed to be James Pat
s Snv w np3i q suP ss o p 6H 0f hi seH ionS i iStsre ef ta az
as high as 10. 900, 900 bushels. He is credited
with some successful campaigns on the bull
side of oats during the last few years, under
conditions somewhat moro favorable than
are said to exist this year.
the crops Of oats have been liberal, the quality
has often been 90 poor that the PROPORTION
IF ssot o%C RbicS b sJsd .ns be BEEN sim q 10 a. s%Isl]; 2
This year, on the other hand. it is said that
larger, than for some years past. For ali
that, however. shorts are afraid Of Patten
and, this accounts for much OF the covering
Chicago received SO cars. including 10. Of
were 5e4. 900 bush, against $4,000 last week
and 10000 last year; shipments, eis.ooo,
against 637 900 last week and 2St, 600 last year
The seaboard, cleared 81 900 bush. against
far this week sos 900 bush. have been eI-
ported, against 1911 900 In the same time
last week and 1000 last year.
Messrs. Bartlett. Kidston, Friedman. Buck
ley. the Peavey Grain COMPANY and the
was a seller.
Wheat on the spot was quiet. Sales, 30, 900
bush. No. 2 red. export. 3Hc. over New
York May; choice sac. over; No. l northern
Duluth, ihc. over. No. l northern Manitoba,
DOC. The Northwestern receipts were III
cars against I'll last week and 1911 last year:
Chicago. 1? cars against Q last week and ri
last year. Futures closed unchanged to &c.
higher. Sales, LOO 900 bush. Prices as
follows:
open. Htgs- LoS- Clos. Pre-.
May. .."",... g. - $. e. cog s.
September. .,,,., SIS SIS GM 81 So
Oats were Quiet, on the spot, Sales, 40, 900
bush. No. ? mixed, $3.50: No. 2 white, a8I5c.:
No . white Clipped. y1A.c. Corn WA drIi