The sun. [volume] (New York [N.Y.]) 1833-1916, 1906-06-30
THE GRAIN MARKET.
wheat LOwer-Increased Offerings OF New
Crop Corn and Oats Higher.

Crop Corn and Oats Higher.
Wheat very depressed. especially July.
owing In part to increasing offerings OF new
wheat. July certainly was the weakest
option. A year ago at Kansas city the July
option was 2Ac. over September. Yester-
day September there was lc. over July. In
other words. a year ago Jpy was In good
demand there. Now IL is neglected.
Bearish factors in addition were favorable
weather for the harvest, rather larger Argen-
tine shipments than expected and some de-
preston in Minneapolis. Argentine de-
spetches reported more rain with ploughing
and seeding in progress in Buenos Ayres.
Chicago reports that 1000 bushels Of new
wheat were bought on Thursday there by
elevator people.
The crop and weather reports were es-
pecially favorable from the Southwest, the
Modern MHer's crop report was bearish
and it Is said that only red rust, not the more
serious black rust. is reported at the North.
west.
A good deal Of liquidation was noticed.
Local operators rather Incline for the moment
Liverpool closed I'd. to I'd. lower; Berlin
Was 70. lower TO- hG1; higher. A. B9dapesf
Hears were encouraged by the Modern
Returns from the threshing Of winter
Of Ss . Hiss}ds srs quality aessived Few c reports eo1 of
ditions in Nebraska have improved since the
recent rains and good crop promise else
the harvest and delayed the movement to
market, but the prospects are that the move
h % syoTs SIl be free If the weather continues
The Argentina shipments were about half
q million bushels larger than expected,
thus far this season. against 1854 600 in the
same time last season. me cash Iraue was
In fact the sta rnntiOn in flour Is said TO ne
week. according to-, B5adsreo's. were l.9o2:;-
It7eo,e 600 last week, and 75e,64l hast year;
Minneapolis acted heavy despite the bullish
Valentine and the Northern Grain Com.
R fsrGys we're selIers bg ~ s,, Log sbs. d BryfHn am weTs
4 CO. bot1 bought and sold.
H corr SITUATION.
Prices dropped early partly in. sympathy
with the decline in wheat aud partly owing to
a little owing to the firm ness Of cash cord
and the sm9llness Of the country acceptances.
demand. VIII hlhh'i Prices ' Hs' to Ks. hIss dSS Df IT,
amounting to 300 cars. including 1877 Of con-
tract grade. The ARGENTINA shipments were
80 ya7 aoa sm blsb than ab, eSSpeUt .ss amounting 81 ,ag Ing
bush. thus far this season, against IL .eOO.O 900
In the same time last season. The exports
$50. 9o7 last week and l.28O, 1854 last year; since
In the same time last year. Omaha houses
were buying at Chicago.
Messrs. Cudahy. Candy, Marheld, Bartlett,
Love. Updike and Friedman were buyers.
The selling was scattered.
Bartlett, Frazier a CarrinRton said: The
trade Is watching weather conditions closely.
At present the weather favors growth. but
spectators fear that high temperatures will
continue without adequate precipitation"
THE OATS FEATURES.
Astonishing as 1t may seem to many. oats
out loose from other grain aud advanced
on big transactions. They were the bull
trump card of the day.
Bad crop reports came from all sections,
The weather, was excessively hot. A good
the West and bears, covered freely. Com.
mission houses had buying orders from all
sections. Chicago received i?e cars, in
Guiding 40 of contract grade. ,On the rise
there was heavy realizing and part OF the
Improvement was lost. The tone Of the
market. however. was strong throughout the
session.
Chieago.-oats are the leaders of the
speculative markets. Large. purchases OF
MAY and September by O'Brien, Bloom and
Sterling. thought to be for Patten. Re-
ported that temperatures of 95 to 100 pre-
vail all through the oats belt.
Wheat on the spot was dull. No sales.
No. ? red. +Hc. over July, (. o. b. afioat for
export; No. I Northern Duluth, axe. over,
No. Northern Manitoba, 9l13c. Futures
closed N to ltSc. lower. Sales, LOCO, 900
bush. Prices as follows: