The sun. [volume] (New York [N.Y.]) 1833-1916, 1906-12-23
THE GRAIN
Trading Dull and Changes I'm Prices wight
small wheat Receipts Large Country
Offerings OF Corn.

Wheat closed firm in the main owing to
small receipts and light estimated worlds
shipments. At no time during the session
did prices show any material change. Inc
trading was sta gnant and Of q holiday char
acter. the average operator preferring TO
hold aloof and await developments. Inc
cables furnished nothing inspiriting. Liver.
pool advanced Nd. influenced by small
worlds exports and cold weather abroad.
The worlds shipments were estimated oy
Broomhall at only s.so0,0co bushels. against
s,73e. 600 last week and ii;7+s.oo0 last year
some decrease In the amount on passage IL
expected. Australia shipped during the
week So 900 bush. against 2 1000 last week
and I2O, 900 last year. making the total since
January 1, %, asa. 900 bush. against 2i.iil.OOO
in the same time last year and 30, 734.O0o two
years ago.
The receipts continued on q small scale.
Chicago received 70 cars. including IS OF con-
tract grade. Primary receipts for the week
were about a million bushels smaller than
last year. The Southwestern markets were
firm and reported a good demand from South
ern millers.
On the other hand crop reports from the
winter wheat belt continue favorable. Argen-
tine crop reports are conflicting. but many
believe that country will have a good sized
exuortable surplus. Stocks, at the North
west are increasing and the light receipts are
attributed by some to car scarcity. Contract
wheat is being turned out rather freely at the
West and Chicago advices state that Decem-
Der 5S Ccn Sos.s s .sfd iikelB r to be f priees ar. un-
doubleday too low and general conditions
warrant a considerable advance In the near
future. Advices from Argentina are some
what conflicting. but it appears. safe to assume
that about an average crop VIII be harvested.
This. however; viii, not begin 70 reach Europe
in any considerable. quantities until about
shipments from India. the Danube countries
and Russia SHOW a msrEe1 iali xeTv V sari Sma
famine. With the lesser receipts from these
sources, Europe must look to America Tor
Shipments from this country since July I
already exceed o 1000 900 bushels, and there
is no, sign OF any decrease in the export de-
west has been somewhat heavier during the
last two weeks. but the total to date this
there seems to be no chance that farmers
will sell any more freely, except at substen-
TALLY higher prices. With the milling de:
wheat in Minneapolis the situation. in the
Northwest is extremely Puillsh: There Is
greater frmness IN the winter wheat mar
higher than the same grade in Chicago. As
soon as there is greater outside interest In
the market IL seems a. certainty that prices
Corn fuctMated within a narrow range.
with the trading quiet. The tone was some
m%ch larger country offerings. the dulIness
Of the cash trade and liduidation. The moor
GRADING. however. tends to check short selling.
YESTERDAY chicago received s+e cars and this
total did not include a single car OF contract
grade. Liverpool advanced I'd.
A Wall Street house said: The slsckne.s
in exrort demand Is largely due 70 the soft
condition OF the new corn, hut with the colder
weather this objection will soon be removed
and a considerable increase in the demand
may be expected. The interior movement
has greatly increased in Nebraska, and the
other corn States should soon fall in line:
There NAV be some hesitation In the market
until 10 is seen how the heavier receipts are
taken. but II seems inevitable that an onward
movement In prices should take place"
Oats were dull and steady. Some who sold
on FRIDAY covered yesterday. Sentiment.
however. il less friendly To the long aide since
the publication OF the Government report.
which increased the area nv 3.2si, 0O0 acres
and made the crop larger than the big WELD
OF 1905, whereas the generality OF the trade
had been calculating on a SHORTAGE Of over
Ion. OO0. 400 bushels. Yesterday Chicago re-
ceived los cars. including II Of contract grade.
Wheat on the spot wa quiet. Sales. 1900
May No. I northern Duluth. exc. over NAV:
No. I macaronl.. 79%c. Futures closed &c.
higher to. re. lower. Sales. 100000 bush.
Prices a. follows;