The sun. [volume] (New York [N.Y.]) 1833-1916, 1906-05-01
THE GRAIN
Wheat Advances Here, Then Reacts-Ch'
caso Lower-Corn and Oats Firm.

Wheat closed unchanged here. reactlng
after an early advance. owing to liquidation
and favorable weather and crop reports. In
the morning business wheat acted firm for a
time here, where there is A sort Of pocket
deal" on. but in Chicago. where big deliveries
are feared to-day-possibly the whole Of the
contract stock there and m~ore-people were
running away from May, and with the con-
seouent weakness in that month other OPP
lions naturally sympathized, Love and Burrell
were big buyers Of May in Chicago. however,
and IL rallied at one time on this and other
buying.
Yet the European statistics were beartsh
and the weather was favorable. Liverpool
closed I'D. higher after declining I'D. EARL.
Paris declined S centimes and Budapest -
kreuzers. Beneficial rains fell in the section
west Of the Mississippi. Whatever approach
to drought existed in the Southwest has been
dispelled by the rains. This fact. the bear
ish foreign statistics and the fear OF big May
deliveries account for the early depression in
Chicago. Bears we're heartened to see that the
world s shipments 10 all countries. according
TO Broomhall,, were O 1910. ooo bush. against
a.25e 600 In the previous week and a,s?s,ooo
last year. Resides. the quantity on passage
| TO Europe increased i,e5e,ooo bush. and II
now reaches 81 800. 600. An immense area
has been seeded at the West 10 spring wheat.
Bartlett. Frazier & Darlington around noon
were sellin MAY wheat.
On the other hand, bulls we're evidently
giving the MAY option support, and a rumor
was atioat that the bulls intend 10 receive all
the wheat delivered. 4 onEshoremen' s strike
on the Lakes seemed to be still threatened
This would be a bull point here and a bear
point at the West. The vlsible supply de-
creased for the week considerably. Gates
4 Co . Shearson. Hammill 4 Go. and other
firms in Wall street are supposed 10 represent
So6wab lie supposed TO he heavily interested
on the bull side. Berlin. advanced | 20 l%pf.
Liverpool rallied. az will he seen, before the
The visible supply decrease Of ?.7?2,ooc
bush. was larger than some had expected
a mSss 'coo bush. last weak and Of i~.sss,ooo last
The receipts were rather liberal. the total
primary arrivals being tae, 900 bush. asalnst
seo,ooo last week and $1,000 lat year. S IN
last weak and $4,000 last year.
Bartlett. Frazier h ,CarrinEton sold May.
S son {; Lis Nav 4 Ne Me.. s9d 1 t ' "rs. G ffSsGredl' RIA cd:
man and LoG9p were sellers Msssrf; hr TN
az" Corr scsed pretty steady though the e. trad .,sd
to Reports es aE': NeFs IN IL ctifrSSa1lssIona thst al a.;
~liveries had been arranged for by the bulls.
To-day win show whether ms is ,Iiie OF not ,b.
rains in the Southwest may delay field work
however beneficial in the end; The visible
enpnlv decreased very noticeahly. Liverpool
was unchanged 10 I'D. higher.
The amount on passas &c Increased asS 900
hush. The receipts are increasing, with a
larger proportion OF contract grade IN the
arrivals. Chicago received 2sl cars, In.
Gliding SIS Of contract grade. The total pri-
mary arrivals were eS5 900 bush. against
40, 0oo last week and ?2s,ooo last year. with
shipments OF 10000 bOsh., against $4,000 last
week and 81, 900 last year.
The visible supply decreased q 7S 600 bush
against 7o5. 700 last week and l,l2i 900 last
year.
Nsrheld Creighton and Cudahy we're buyers
Messrs. Ware and Bartlett were sellers;
viii be taken care NJ, II is inferred. by Patten
and Others, something which counted Tor 3
good deal in MAINTAINING prices, IN Sp'c G,l
faNorahle We thcr and reports that til" bulk
OF tho crop has been planted.
The visible supply decreased | Slb.Npo hlsh
against a loss Of 6?S 600 last week and slt,o oo
last year The receipts a. Chicago %TeS5e s
to'al primary receipts we're Isl 600 bush.
aeslnst e2e, 900 last weeksnd aas 900 last year