The sun. [volume] (New York [N.Y.]) 1833-1916, 1906-03-31
THE GRAIN
Prices F1rmer-ShOFts Covering NO Seh'
Ing Pressure.

III - WIN
lower but rallied later. Lower prices were
made on favorable weather, lukewarm cables
and short selling. Liverpool opened 40:
higher, but closed I'D. lower. Berlin oechheu
u mark and Budapest 2 kr. Paris was not
inspiritlng either. II closed unchanged 70
s centimes higher. The early curb prices
in Minneapolis were 20. lower. Argentina
shipments were large. Here early In the DAY
room traders sold. but covered later on Wnen
Western markets became stronger
Excessl We rains we're reported In the ONO
Valley. Southwestern markets were hrmer'
France is buying from Argentina, whlon
makes people think that France Ia not wen
supplied with good wheat. Shearson, Ham
mill d Co. were buying September. They are
said to represent a large long" interest IL
is supposed that Charles Schwab 10 q Dull
and heavily long" Of the market. This 10
said TO be the only important Wall street
interest in the market. Finley Barreh a.
Co. were buyers Of May. A Chicago deeptach
said: The Armour Grain Company and other
elevator people are good buyers OF . MAY
Wheat again. II looks like Eastern holders
have gained important cooperation.
To some. too. the market looked short
II not,oversold, and 1t readily responded to
bull manipulation. Offerings were light. but
Southwestern crop reports were favorable
and export trade dun.
Inc absence OF SEEMING pTOoouIe, NoopioO 'hO
bearish foreign new . and the fayoraole crop
reports from the whit r wheat belt was taken
as confirmation Of the idea that the market
is oversold,
the week. which is the final one OF the yea,
the Indian season commencing April l.. Inc
total exports from nat county were ny
SO, 3s8, 900 bush, against 60,164.0OO In the
previous season.
The West reported an improved cash demand
At cs sfson Sf R Rard wiH Helee SRea teP %ss WORKED rRsi
to Eastern millers and Duluth sold a couple
OF loads for export. while here, the export
very great to be sure. but still enough TO
encourage the hope among some that 1t might
be the iorerunnsr Of 2 Larger FER f9 bevS aea of Nav
against sales OF July. stocks at Chicago
are decreasing steadily. and y is belieysd
first Of May VIII be far from burde1some.
The stock at Minneapolis increased for the
week only o:o9o bush, or Gon nss ,n 2 Ron less
city elevator destroyed about a million
bushels OF wheat.
va 1T was s,t notdI isni:: v top' not aha q little III iT armn esa
st. Louis to the fact that recent buyers there
the wheat received and that the stocks are
10 be reinspected. which may cause q re-
ductlon in the amount of contract wheat on
hand.
Yet the buying after all was mainly, to cover
shorts, and later on when the demand relaxed
part Of the Improvement y, was shn lost Sit, III fact t.
take the long side. The crop outlook 10 too
fsvorab BILE, the supplies too large. the receipts
tie stecS: OF fio1r too large 70 encourage
any Snig,t l,as like aggressive operations on the
In fact, the idea OF very many close students
OF the situation is that the tendency to rally
noticeable OF late will prove only temporary
Hnl sss s Hsas faPsrs str semssaSin 54l1 in the Ssy shSPs
OF a sharp demand from Europe for our wheat
or some serious damage TO the winter wheat
@ HrSP' re esi,l"s i asi'di o sRsy aefG mov ses snerAf i
OF the situation that Canada has anywhere
the, week were only ], 5.2,s52 bush. -four
included, against { g ?9s' or in the preGedlns
however. 1902 .9Ss, $50 bush. have been .ex-
ported against Al, oS? 500 In the corresponding
The Argentine shipments for the week
were s,8l6, 900 bush. against $4,000 last
week and 2.6i6, 600 last year; since January l
last year, The visible supply OF that country
DECREASED during the week ESQ GOO bush: mn
The totai primary Inn G&o receipts were ere ~ ~ 900 0So
last year. while the shipments amounted to
only leS 600 bush, against 2is,oOo last week
Messrs. Armour, Patten. Eckert, shearson
and Bartlett were prominent In the buying.
The selling was scattered.
Inc MOOCFH 5tHFTS WEEKLY ChbH report
was regarded as somewhat bearlsh; II said:
General conditions in regard TO the winter
wheat crop IN the principal producing STATES
are made that wheat on low fat lands in
Illinois and Missouri. where covered by water,
l IS e. bad Sd ci and ynnsreSsdT dry wi warm s1s WE THather.
orally resow their crops where winter killed.
thus minimizing the damage"
rather unfsToTsble weather and talk Of " a large
j jaGF' and l%ie Re- ! II Msyji look &l Mss. O ~ s z! a aSme
was large in the early hours, however. Re-
ceipts were larger than expected, though
still far from liberal.
cage reported an excellent cash demand for
Southern account. The sample market there
Vas Arm and the shipping sale, increased.
Chicago received 225 cars. including IL
OF contract grade, and expects 276 to-day.
against Iss 900 last week and ga 900 last year.
The primary shipments were 377. 900 bush,
a against $50, 900 last week and 5!5. 900 last year
bush. against ~s.l73,s2o last week and 2,A30, esq
Iast year; but since July /; o. ooo, - bush.
moderate at :ss.ooo bush. against 1853 900
uary l.. 4.Oso, 900 bush, against 1877. 900 in
the same time last season. The visible
supply Of that country increased l70, 900 bush.
,'a'S WIZ itlN W y. hlpdtIs WlIu some
advance in other grain. hut the trading
was not heavy, At the same time the offer
in gs were light and shorts covered.
There was some buying, 100. on the heavy
precipitation in the Ohio Valley and indica-
lions Of unsettled weather to-day, which
tons, Chicago reported a fairly active
cash demand at Arm prices.
The receipts al Chicago were i2s cars. in
p peo1ed there Il Z, q 1onday. ffsse;i o Tiih p1r1imlssI1y ;
receipts were 10000 bush. against So4, 900
last week and $4,000 last year: shipments,
'5o7 600. against 6o2 900 last week and s2s, 600
last year. ~
Tit seaboard cleared III, 900 bush, aRalnst
66i 900 last week and 5000 last year: total
TOT hve Gays 10000. against 1902. 900 last
Wheat on the spot was quiet. Sales, ss. 600
bush. for export here and al the outports'
No NJ ? red; export. Sc: over New York May;
re, over; No. ! Northern Manitoba S ssHe..
Futures closed Ie. to sso. higher, sales,
Open High. Lon Clos. py,r
M.y~"".."...a ~ 81 ~ s@g c'Ss''
September. 8 81 81 81 81
Oats were quiet on the spot, Sales, co, 600