The sun. [volume] (New York [N.Y.]) 1833-1916, 1906-12-28
THE GRAIN
wheat Hisher-Big Decrease In Worlds
supply-Corn Firm -StOck Increasing
. less Rapidly Than q Year Ago.


Wheat dvanced mainly because Of a large
decrease in the worlds stock. An early
advance was due partly to stronger cables
than had been looked for. Also a large
decrease in European stocks was a potent
factor. and another was the smallness Of the
Northwe stern receipts.
Chicago is sending a good deal OF bear
talk. so much so as to suggest the idea that
the short interest there must be pretty large.
The wheat world is told that wheat 10 going
to be marketed freely from now on at the West
and Southwest. and Northwestern people
are quoted as saying that the flour trade Is
bad or worse at Duluth and not much better
at Minneapolis. All this may have q certain
basis Of truth. but that the truth IL exaE-
gerated bulls firmly believe.
Liverpool declined only I'D. Paris closed
quiet with December equal to lc. higher,
though other months fell equal to = to &c.
while -four. on the other hand, closed un-
changed TO &c. per barrel higher.
West OF the Mississippi the crop is said to be
unprotected by snow. The frmness Of other
grain, especially oats. had some effect.
The worlds statistics as set forth in Brad
streefs figures for the week were certainly
bullish. The worlds available supply de-
creased 3,5I7, 900 bush. against an actual
increase in the previous week OF o.eG4 600
bush. and a decrease last year for the same
week Of only III 900 bush.
A Chicago despatch to Mcintyre q Co. said
There is considerable December wheat vet
to be delivered and it would not be a surprise
II there was some squeezing in the next few
days. Look for better prices for wheat"
The Minneapolis stock in five days has in
creased $50. 600 bush. but other thing s carried
more weight. Chicago reported a rather
better interior demand from millers. 1t
looks like light worlds shipments this week.
The steadiness OF December and the light de-
~liveries helped the market: so did reports Of
small stocks Of -four. But the worlds supply
figures were the principal bullish feature.
THE oRN SITUATION.
Prices were inclined to advance on che
later options. partly because the receipts
were not so large as had been expected.
Milder weather. too. was partly accountable
for the early advance; il might mean bad roads.
Realizing and a prediction Of colder weather
led to some reaction later. ChicaRo's re-
ceipts, however, were nearly 100 cars smaller
than expected. The weather in the Ohio
Valley was on the whole not altogether
favorable. Liverpool closed quiet and I'D.
to I'd. higher. Chicago reports a
somewh hat better shipping demand Of late
been quiet. Nebraska farmers are said to
be selling May rather freely. But the firm
ness of oats with the other factors helped to
steady prices, Chicago got sts cars and
increased only Sii 900 bushels. against 800
900 a year ago.
TIE OATS FEATURES.
4 rise was due in part to the fact that the
Cincinnati Price Current stated the crop as
100, 900. OOO bushels smaller than that OF last
year. Needless to say this did not set well
with a bear. and there was a good deal OF COW
with the Price Current about the crop.
Chicago. too. expects only % cars to-day.
and this Of Itself had not a little to do with the
there. Patten and Valentine were buyers.
During the last few days Pstten has bought
Wheat on the spot was hrmer but. quiet.
price. Futures advanced n@1}c, Corn
SO. 2 mixed, 52I5c. in elevator; No. ? mixed,
so19c; { @ b, SPOT special port; old No: ?
team P'n mixed. iCo. ali elevator , &
Arm but the cash trading here was light.
Natural white on track. 10 TO ~ lbs. Goa sIor
white clipped 70 70 ~ lbs. o1a &c: rs
F. F" :" re-' At % CHICAGO ago % adTsn;c e to I Sc lbs fSc .
crop movement was as follows:
H s;S; ! SO: ssSS iss:%s f:sSs w. -, ' ':iso
s s;S;iSs '; H:ss g: 81 60: coo &: 81 g. 600 ;sSss '; g.Sss
sn1p smS 2i,.ooo IAN
Bradstrs,t's visible supply changes. with
comparisons
La" reek. Pres. Deek. Last year.
y. east OF
Rockies. Dec. 5000 Inc, 3. 500 900 Inc ia on
wheat in
Canada Inc. Q 1000 Dcc. 22O! 900 Dec I.s oo
Total Am. Inc, 1000 Inc. S.5s4OOO Inc. $40 O0o
Wheat In &
AhoAt for
EUROPE Dec 100000 Dec, 100000 Dec 1, 300 OOo
Wld,s Vt Dec .S'biI.OOO Inc. 2.s64. 900 Dec. Tii'OoO
Corn Eastof
Rockies Inc. STi 900 Inc. $4,000 Inc. ,..,s. OOo
Oats FAstOf
RocEies nee $4,000 Dec. 1. OiayOOo Dec. So oo
American totals. with comparisons. are:
Last Dsek. Pre-. perk, Las, D,o,
Wheat In y. s.. IS. $3.50 o LsOOs OOO 40 "a 90
Wheatin Canada "a y627!OOO ~22p34OOO IL ia 1Eo
Corn In y. s.. I67e0OO s.70s,OO isSisO 0o
n ats In n = IL EaqO mi taa1snn