The sun. [volume] (New York [N.Y.]) 1833-1916, 1906-04-06
rnE GRAIN MARKETS.
Lower on Liquidation. .Lespened Demand
n HRmmering-CaSh Markets Firm.


pointing cables.
In the early trading prices declined. OWNS
TO disappointing cables, favorable weather.
long liquidation and short selling. smear
son. Hammil a Go. we're selling May Ireeiy
through brokers'. A Chicago despatch SAID
'on these swells there seems to be some
long May wheat coming out. Inc eeihnS
Is credited to Eastern longs. ,
The condition OF the Ohio crop was stated
at 1ol. against % last December and "a iast
April. but OF at harvest. which was S2.Ooo.o wv
bush. Liverpool opened Nd. higher. tnen
weakened. closing I'd. lower. owing. It Ia
said. to selling against Manitoba purchases
The Cincinnati Price Currenfs weekly crop
and weather report was In the main favorable.
Some took profits. fearing q reaction eiteI
the steady demand Of late. Many sold on
the Ohio report. Cunning for Wall Street
wheat describes much that 10 done on tho
bear side In Chicago. Later on q Chicago
despatch said: only local scalpsrs selling
wheat"
Yet later on wheat was stronger. owing
20 a good cash demand and covering or shorts
Budapest advanced ~ kreutzers and Berlin
1 mark. Paris news unchanged. ntwer
advanced 10. Bears were nervous about
the activity in cash wheat at the West and
we're less energetic In their efforts TO shake
out New York long1. London carsoes
OF coast advanced 1Ho. and Liverpool ap-
pears to lave been held down. partly BY
manipulatIvo selling from this eide. The
Minneapolis output Of -four increased $4,000
bbls. which encouraged bulls. and on the de-
cline which occurred at one time support was
forthcoming.
The receipts. too, were smaller at some
points. and the total primary arrivals were
Ss5. 900 bush. against 49,, 900 last week and
82e. 900 last year. while In four days they have
amounted 10 .s86 900 bush. as compared with
2,ios. 900 last week and .eSs 900 last year.
Moreover. the Northw eat was again buying
at Chicag go. and some took this as confirmation
OF the reports of O good export demand at
the Northwest, and II there should be a genuine
revival Of export buying Of American wheat
the bears would undoubtedly have less easy
sailing.
Bulls contend that II there L. a large line OF
long wheat to be liauidated there Is elso q
heavy ehort. interest TO be covered. and GER
tainly the shorts In many cases have shown not
g little nervousn ess OF late. not only here. but
also at the West. The cash markets were
generally strong.
Bartlett, Frazier 4 Darlington said: wheat.
while ruling lower tho greater part OF
BILE stubbornness. The cash situation. seems
healthier. throughout the country. Believe
wheat prices low enough
weakened. ending lower. The cash demand
Sn1,bh hs sstl ws. it os %sy be AIM a. the sno WsYt AND AND
the, actual olearances we're ,smailer. The
seabosrd exported 1000 b6ls; oS Of -four:
sso' While Ss or; Of whes %ef IS. 6 sSG bu a9a s s;ysV eieaxr set
against iOe, 900 last week and 10000 last year.
The crop situation. too, continues 80 %favora-
pull. The Cincinnati Price Cnrrent a y that
while there is tardlness In reasonable weather
IN S%o9ksils shom sao a cord pRV to TIE z arain p SeaHss
Association OF that State. the condition Of
the growing crop is LOO per cent. with a nor
Texas elevator man Is quoted as saying:
Al al i consider p 8 the 6er gE9%5ns frG % tb In 9h dS%snt
any direction. Farmers believe that we are
In for one OF the largest wheat orops ever
. Another bearish influence was the ~lncrease
IN the stock at Minneapolis OF 900, 600 bush.
reported at other points, stnl another tough
morsel for a bull was the Argentina estimated
81 I6ss.ss. for o. SOB t6s ooS gs weir Ct +. .; p8sy 200 b %.st
and nearly s5", s oOs more than last year; ~,
cc o@s45et er Ssss b :Sld la sEiddey 4 l 6Tysq = S cd
ana Messrs. Brosseau. 6'Brien and Bloom
Corn was active and higher early on bad
Weather and Decreasing supplies, bit re-
eSssq Of Farm Tan'' Worf in h' thIs eou6 Siqs'f !. ,diSs.:
by heavy rains. Some bought on this
fact. Besides the receipts were moderate.
sold at Chicago for shipment. Fair weather |
YVES nredicted for to-day.
Bulls contend that any material setback
In prices, however, Is unlikely In view OF the
light crop movement. the siren 9Th of the
cash, markets. the large consumption and
the delay in farm work.
Chicago got 300 cars. OF which only graded
contract, and expects but 1872 cars to-day.
The total primary receipts were 81. 900 bush.
aFaInst $4,000 last week and 74S 600 last year.
while in four days the primary receipts have
20 only 1891 900 bush. against
2ss 900 in The same time last week and 3.472.-
The exports continued on a liberal scale,
The seaboard clearing Si2. 600 bush. against
Tar this week 2.st2. 600 bush, have been .ex-
ported. against 1.Ste,oOo in the same time last
week and $4,000 last year.
ind very light country offerings, Bulls argue
hat the large decreases In stocks Of late are
consumption Is heavy,
The Argentine shipments were estimated
4 4oo. 900 bush. against 10000 last week and
7. !; Mcintyre 4 Co: said; "A rain in the
'~sj1sd little tG,df Y .d RsGrs1s!n he stocks trek haze haze
the trade believes in a large supply that
Ell appear when conditions now in restraint
will exert a bearlsh influence. The
are not buying freely and share in
he belief that a better supplyis not far of.
Messrs. Armour. Patten, Kidston, Nash.
leland sold May
Oats. were slightly higher early. but also
'eacted later owing to realizing In spite
II rains at the West and the Southwest and
he Cincinnati Price CurrCnts statement that
had been retarded.
The undertone of the market, however.
the profit taking by some recent
,uyers. was generally regarded an Arm.
There was some "switchin e. from May to-
september. The latter month. II il pointed
is selling, at a considerable discount
July. and bulls argue that the chances
re in favor OF them.
The cash markets were firm, with a good
lemand at the West. and Chicago reported
hat country offerings were extremely light.
Chicago received 22S cars, including ii OF
contract grade. and expects 176 to-day, The
eaboard cleared 1000 bush. against 80. O0o
week and 5000 last year, and thus far
his week 7o2, 600 bush. have been exported
.gainet ee7 900 in the same time last week
nd rs. 900 last year.
Minneapolis wired: We expect our oat.
took will decrease this week from toO. 900
Messrs. Prinsle. Candy, Patten and wbits
Eere sellers. Messrs. Buckley, H1Iburd
and MARRIED. were buyers.
Wheat on the spot was dull. Sales. "a. 900
.ush. No. 2 red, export, 3Bc. over New
'Ork Nav, choice. ALC. over. No 1 Northarn