The sun. [volume] (New York [N.Y.]) 1833-1916, 1906-07-22
rRE aRArN
Favorable weather and Crsp Rsperss
Prices L0Wef -9mall Estinnafed
Worlds Wheat Shiumenta.


worlds Wheat shipments.
Wheat closed lower owing to generally
favorable weather and crop reports. largo
receipts. liquidation and bearish pressure.
Early In the day prices were frrner owing
TO further reports Of damage from black
rust at the Northwest. unfavorable Russian
advices. small estimated worlds shipments
for the week. lighter offerings and covering
OF shorts. There was more o. less new buy
Ing In expectation Of a rally. Liverpool de-
clined KID. 10 I'd. but recovered part OF the
loss. Broomhall cabled that the market there
was easier on the lower cables and better
crop advices from this side, but later became
steadier on the continued bad reports from
Russia and NAH es timated worlds shipments.
Paris declined equal to Nc. The worlds
shipments were estimated at 0.Soo. 900 bush.
against o.ose, 600 last week and 9.29e 600 last
year. The Australian shipments for the
week were 5000 bush. against $4,000 last
week and ia 900 last year: since January
!, l9.l7I 900. against II. 100. 600 in the same time
last year and 2, $40. ooO two years ago.
Later on, however. the market. weakened.
The crop reports were generally. OF so fayora-
BILE q tenor that there was little disposition
sold out. while ring traders became more
at the Northwest was generally fair. with
tinued large. Another depressing influences
was an estimate by Jones placing. the ex-
p9rt to6 lso6 sS oo5 bss q chi 4bs s0 s4as]ns snf bo SseSaa
was not on a larg e scale. 1t continues to be
in the main a professional s~calpers' market;
said; The days since harvest have been SO
highly favorable that wheat Is In a better con-
ditiSn than in any year IN the past, There can
contract grades in the weeks arrivals in
sround Is in past seasons and a percentage
81 Is In the yesr 1851. when record xas hiehesti
OF last year. Estimates are for a shortage OF
from S TO 10 per cent In the last flve years
the worlds crops show an average Of s.iei .ooo.-
i.7si. 900. 600. over one"hsif Of the Eorid's
wheat il raised in Europe each year United
States crops in same Ave years averaged
take $50, 900 900 bushels annually and nearly
% per cent. Of It y taken by the United King
pear ear than necessities IN Europe 'enSSiips.I .
better for US that our wheat IL Of q quality
wheat that has been taken will surely lead
e further business when Its great merit y
market shows a eakne that 1t will b well
west viii not be safe for two weeks and pend
Ing safety 1t is not polite to get too beartsh.-
THE CORN SITUATION.
Corn was firm at one time early In the day
III " ItDoIlS vi u BOOu bllppilib dCiliubas
sales for the week having been 200. 900 bush.
market was dominated by, favorable crop
opened I'd. lower and closed UNCHANGED to
I'd. lower, Larger American shipment are
expected there. Chicago received .178 cars.
including 70 Of contract grade. and expects
iss sO- Siy.ou Fa sna Were sse d TSsgoyV' sfl. IN Kansas
this Ees away on soG the Ero "x%di' that Ssrsessins q
hay and oats is under way and that there Ii
p nc .iPs t. n ship 4Re eG near and fau ,ney lSSa IGr rsr sss
good good prosress' Ia fact some Contend that
t Better r0fi P yes for q ldFs thsyt ls1 Slt fas ONE not or o tSo
generous yield will be assured.
THE oATsF FEATURES.
Oats were firm at the start on reports OF
poor ,threshing returns and more or less cover.
Ing. but soon weakened and declined With, the
rest Of the list owing to a renewal Of liauida-
were received from. the Northwest. chicago
receivedIo2 ca rs. including 80 Of contract grade.
an Be aree eoate eng q that H g faii sized crop WIN ,.
bar vested despite all that has been said TO the
Sontrary: and they taks The ground that n she
Gates that this view Of the situs tion Is beSom-
Ing more generally accepted. Since june
seem to refute the claims that the. quality Of
70. iosn sIG al.i Tss ISo tiat sane ss n s sintea wheat h MM so IN
the case Of oats the small straw has borne
Wheat on the spot was steady. Sales.
100, 600 bush. for export at the outports. No.
red, export. Hc. under New York September;
No Northern Duluth. she over: No: ? hard
c Glnser; q g. xo un iower. f9 sa!es' 40 s1S SSe bush sh.
Prices as follows: