The sun., 1906-02-17
THE GRAIN MARKETS.

| THE GhHIN MhNnES %
wheat Declines sharply-Cablcs Lower
and Argentine shipments Heayy-Corr
and oats Easier.
Wheat declined and made new low record
for the season. Liverpool FOR one thine
declined !, to I'D under large shipments IRON
Argentina and general liquidation Also due
| In a measure to the fact that the exportaple
| surplus of India is estimated at 81 .ooooot
| bushels. about the same as Tor TINS season
The weather too. at the West was warmer
Logan 4 Bryan said: "The action OF the
| market Ia discouraging to long hoiuere
| Bulls are getting no help from the cables OF
statistics. Rather, the news from the other
side has a depressing effect" The Argen-
| tine shipments Of 100000 bushels disguised
a good many Of the bulls and some sold out on
this account OF course. however; the be bear +;
ish cables had not little effect; Paris - was ,2 g
centimos for flour Berlin dropped :: NIX. ::
Antwerp was unchanged; buoapes' ioso
Argentine crop advices were favoraple
Not only wheat but corn and oats dropped TO
new low levels on yesterdays decline.
crop oTepSTf repsrs @ a"companied by selling orders
The Northwest. too; sold and sent Ia,io nnlayor-
able reports regarding the Pour situation ndo II.
hammered. catching stop ,r, orders ana the
market lacked support. The crop move
ment continued on a liberal scale. the cash
demand was slow, aud the statement OF ex-
ports for the week was bears h. ,,
The Argentina shipments Of ,etoMM WI nusn; nnj
s9mred wn 5oTb Tbs bqs blarht ssf nseE hs toa an
thus far this season np to 10, O,5l?.WD bush..
against in the same time iGo las last hsh Ssar
and the crop reports from thnt country were
bearsh, .. --,,.,
IT, Eom yse hs Sysh o1
cluded against 324i .a39 last week and o3B.54o
ast Year From Jnly !. so.os. oes b bufh have
h"1n as dSaS. bsh in IN 1904 and
80 sci ,7Ca in lao3
Tie lotl primary I Ir"rents were S,o 4T,ooo 400
and i75i 900 las, year The 81 shipmeIts were
9aEs Gny 1s ase".r os oa N the same tim. m last
week and sn9 900 last year; ,,,.
Bartlett, Frazier tarrinEton and Messrs; re-
SELLERS Pringle. Fitch 4 Rankin were good
brvers at the decline,
There was not little selling on the Modern
Milicr's weekly statement. which was as
The northern winter wheat States are well
cast of the Rockies little or no snow PROTECTED
the crop during the late cold spell Some
complaints are being received of unfavorable
oondit ions. but the damage seems to be more
apprehended than actual Moisture has been
plentiful on, the Pacific coast and crop con-
dGrs aFs Se hs@y dsnyne "SqTH9s yf as something of
raiiy, in the opinion of not a few. would not
be surprising, but the idea Of some close
e1nort demand for our wheat reylyes any
rally will prove only temporary and be due
merely to .unnd ,GGhniral eond,9ns Uhf Naturally have
been nr expected t in view H Of the break in wheat
Selling was general some of !, on stop loss
tory factors in tine decline were large receipts
lower cables and sluggish cash markets t
Liverpool declined I'D. to "a. on cheaper
~ IF American DarcelS which were
Armour, Armour. wrenn,. Prinsle. Friedman and
Bartlett Frazier 4 Darlington were large
sellers while the buying was scattered and
mainly to cover.
coGse GhseF" grade veg oday sd SA cars are
pected there. The total primary receipts
were Ol.ooo bush making M il & $4,000 bush; ,i,no
shpments sII S"rc 81 900 bush making 10000
thus far this week. AGAINST ?los.ooo last week
and | $50 Wa last year.
The exports for the, week we're, a.le3. $50
bush. gain-t $3.50, $50 last week and $50
beer export ed. against IS, 474,s9l in the previ-
Gus season, IS, ,7o?,7oG in 1904 and 2s,so5,75e
Tie Argentina shpments for or the week
and a23 900 las, Year; since January L. 29lI 600
bush, against G;3s4, 900 in the same % time last
showed h" no no Change for the week. ,,.''
Oats were actiVve. but weak. with tine rest
of the list Commission houses at the West
sold freely. Bears hammered and the mar
knight i McDougall bought July and sold
SeptpInber at a spread of one cent. Lichts-
stern Kindston and Wells sold freely. War
field and Grinths bought on the decline.
Chicago received los cars. including 10 OF
contract grade: ilo are expected there to-day.
making 2,a76. 900 in five davs. agains 2. 1895, 900
in the same time last week and l,2?s, 600 last
year. The shipments we're 7nl 900 bu sh.
which made 3.lls,on in five days against
2, A8l, 900 in the same time last week and GAL =
600 last year;
Trade decided Yesterday to double the rate
Of commission to be paid to brokers on all
transactions in the buying and selling of
eighth Of | per cent and II will hereafter
be one quarter Of pei, cent. The vote stood
ISL for the increase and 45s against it,. Some
are wondering what effect this will have
on a speculation already dull enough.
The weather map showed partly cloudy
conditions in the Canadian Northwest. the
Northwest and the West. cloudy conditions
in the Southwcst and clear conditions in
the Ohio Valley. The ,temperaturrs at 7
to 0 dc grecs below; Northwest. below to
~ degrees above; West, 3 to ?s degrees above;
Southwest. Is to 70 degrees above; Ohio
Valley 4 to 20 degrees above.
Wheat on the spot was quiet, Sales. "a, 900
bush. No. ? red export, NC. over New
York May: choice, 20. over No. l Northern
Duluth, nc, over: No: northern Manitoba.
aihc. Futures closed u to &c lower. Sales,
100. 900 bush Prices as follows
open. HIGH Lom- CLOS Prer
w an'' est. sssm< in2 @ cio".