The sun. [volume] (New York [N.Y.]) 1833-1916, 1906-05-06
rnE ARAIN MARRGTA
Tvaalna euiet. bus Prices FifWer-Csblss
1lstisV Thaa tsesrtsa 0HeV'Has
IlaRfa aHagts t0teF.

. INu MNH WMNHN NII NV WNfNIHL.N" ~.
Inc NoftkFcst ref roFief sad snog Faa,fe.
gsr,st sh,s ~. s''s.s''sn k s,s, :" ~
[ stfsnsfhenlHa Influence on Tho fHHfket
IlyelN, egrrd ~ sassFe re's.s
e~tsnes1 " T, msft ievrf and hgdatess w.
y, 80, ,nllln, nr1sn,i ali easlmalmf the
voftts lhinWrnts n iats= 80 hiah fa'Vtt
~ ofa' v" laa NerF w " PIT"
fke ,fadins sas m nc mar ~ . nfntsss
.logsl ehslsf,eti .. ne og,a,tsr, |. q. e. ssnaiss
hof rsfits to enter The nafhef while ntnlpnla
I ton VI ne WV option counts Tor ~ lmtpfl'ht
A. infusnce ~ The hie'istiohs ir"m WV Y"
"Wble me TOP reports. IN very many cnsel
ase DISTINCTLY he.fish az BE- w., ~ 1%gnsseeV'
bfiess, and there afe many ~ then, sc nnt
diaposed ~ tate ihe asgtes.ive w ~ mIg,n
he belief u many ma, 60 lons 20 W:
fp 49, sey a%srIiST"" ~ c-aSssrnsnse b. ~.
likely On tho. other hand howeref hp,.a
few Incline 70 ne opinion 'ha' 20 Wv n ,,nm""
he duIne.s Of tRe export trade and the slne-
alshhesa IN flour Circles. any advance ~ WI
/ circumstances the average operator ms
adopted . acalper'e position
\. y W. 11a'. .,td y'.nraiis traders sRo incline
~ aciilng are avoiding May and atVlnE prefer.
enee 60 July and september ~ ,h",s ,a'es
absorb new offerings, Thia stands fot stead,
ness. Much change cannot reasonably re
technical position Appears 'het " 'nnasntins
Ihi. can best come 10 cyl Tspost cs IsTss r snId
IN their dispara cement. prriect t'OP
never, appears. ~ my opinion e MUM sr
wheat will be abandoned, and much OF the
damage We hear applies to this aIea-ene area
that stands for a loSs Of 5.Wo.ODo buah' Inc
aba ndoned area In 1903 was 06i .O0O acres
and in 1905 / asa, 900. IN other years larger
figures were given. Better prospects wheIe
vested can overcome this loss by lessened
area. We stand for an equal result S1n
iss ab Sear al f" do %,e'e wiz, ThI acreage probably en-:
iarFed. Elsewhere In the worli the wheat
crop Is fully In %yGrage RTom'5Se er 90 pI ISns
outlook in Europe; Time runs on ana we
not venturesome and their, play N wlthin
narrow limits. Wheat Is high enough b no
feature against improvement. That the price
il low does not well appear in comparison
with recent seasons. excluding the last one;
The world IL producing larger crops. ana
these larger crops are elsewhere and ~ more
competition than ever in the past; We can,
under such conditions. That Is what we are
doing believe i will prove &c
| DTltts u tOIllllufu hhu We ho ="
ton our present prospects may bring US
Brddstreetts said; Crop reports 70 BrGd-
, %in;st % %Fs e u ef fas s %a5" Ss{ e AZ ahy 5}sS' e and re re-
area 10 he returned as winter killed Is likely
2 be less Il then 1Ss N shS fysrasf / t fhPe,nS %ae9s
finished, and a great deal OF I is up in the north.
ern part Of the belt: The area is about
One arm said; For a few days near the
f 6sSins Of Ma, APTlil Largely r Ts' p %Re4'G purchase IL tGs
Western markets. would take in and pay ior
any deliveries. Ihe absence zee in those 1eW
was deferred in view of better conditions
that would appear, when the c on : a wheat
being No. 2 Kansas hard. which carries
S Sery dpes sIR : G 10 own IS not In q isseessii5y' q S'G the
wheat the price OF May is favorably iniu-
enced ard shorts are u1 9so Wh Mb.d may y
hard to guess, but II can be said il will have
care, until the short interest in May y prac-
and one 10 make fluctuations in May con-
tracts rather independent q the action In
the So later v months ,qen nSB maaf by 'I general rains
over the corn belt, Indications Of an carly
settlement 1f the AXE strike, Arm cash mar;
s sSSddrt cash Dc demand sref''' The s" rscsipts ;ksre we're
Is TnGsll w ins'9%adin fsov ss TO &c, I'd. Sd1'hhTI s6er'S ''oe'
1t lie, pointed out that at no time IN recent
wears has the supply heen 50 depenuent on
farmers deliveries. The old way of crlbbing
corn at railway stations Ia a thing of the past.
IL has been the corn in such position that fur
nished tho supply when that custom was. IN
vogue and there was less regard to the
farmers duties as applying 10 deliveries.
With seeding done, which good weather in
two weeks 10 come will permit in the bulk
of the corn area, many look for Increased
receipts.
Portable TO May shorts and some expect to
see May continue at a premium from this
feature and the buying 1t. will create. In
June and July. when weather is warm and
holding Of corn a risk. and the receipts should
be, and probably will be, larsc, bears expect
tho advantage. 20 swing to their side and
lower prices obtain. Argentina Is showing
up a strong competitor, Crop there Is large
and quantity we'll approved, The. future of
corn, az In wheat, will be hurt by the holding
poiicy OF farmers according 20 some,
Oats were frmer with the rest OF the list.
A bullish factor was the prediction OF colder
weather. The offerings were light and, shorts
covered, Chicago received 1873 cars, includ-
inr 10 OF contract grade,
Wheat on tho spot was dull. Sales. 5000
bush, No. 2 red, export. csc :. choice. csc:
No. i northern Duluth, ooHc.i No. l northern
Manitoba, 80c. The Northwestern, receipts
were 1914 cars. against l9l last, week and 9s
last year, Chicago. I, AGAINST 7 last week and
8 last year. Futures closed unchanged TO 10.
higher. Sales. 800, 900 bush. Prices as fol-
~ open High Lou. clos. Prts.
ino, est. est. mo. Close.