The sun. [volume] (New York [N.Y.]) 1833-1916, 1906-04-01
rHE .GRAIN
wheat DecilnesAfter EARLY Ffrmness-Cor
and Oats Ffrm-Receints, Light.

. ! Wheat. onded at a smsll net decline owing
mainly 20 liquidation, partly for commission
house account, dtslppoihting cables. favor
able weather and crop reports and more or
lees hammerine by local and Western bears.
Fairly in the day the market WAS nrm
and at one time'a slight advance TOOK pace
owing to n renewal Of covering here ana az
tie West, light oIerlng Sc and expectations OF
some decrease in the. visible supply on Non
day as. compared with an incr ease OF about
half a million bushels for the. same week
last year.
Then, too, the markets at the Northwest
and the Southwest displayed a firm tone, the
sSuthysst bought 70 some fSten.ts g re 1saes
ton in the contract stock q AZ, 9md I E SSod Shipp'hs
" s9% os l shin Is. te Sesn tie teo RRe ess!Pifs or the d pla mt
owe ne tain about q squeeze in tie Nay ay 9fSR e
70 Somethlnf IKE Is,oo6,Q0o : bush sala and md. t tss
M I'M p some S1Ss, I laTge . l9hT i1t ssxe So'a QUIZ '"e
But lie ' demand from the shorts soon
petered out. and 50 did that from eommles sUd
this, together with a certain amount OF naps
mering, caused q reaction, especially as t tbhee
Moreover, the receipts we're consld cred
liberal, the cash demand here wal. certainly
and the cables were Tar, from Being Of a kind
Z to I'd. SSSSSlss Budapest declined ] kroner:
and Berlin unchanged to \ mark loyer..
The ship ments from Australia. for the sN we Sd6
t tSSs fs sed this is season e ssainst @@n s,siS. 900 IN the
same time last season and lS,4+s,OOO Two
Years ago. The four countries thus far re-
psoTt aed haye exported during ,he week o."
Some increase in the amount on passage
" Se ssP Iefss. exc see the arrivals aS for The same
day last year by about 500 cars, ana the STOCK
at Minneapolis increased $1,000 bush. for one
The talk Of bull. manipulation in the May
option. in view OF the large stocks, IS not
} fSe trading xfEy s yssfefdsy. OS So wee e ssn Mas sp a n %s:
row, professional affair, devoid OF striking
/ e eor ssd :. F E foHe ( I CO. oa TePe ba2;er N'in''t9
Oscar <, LYLE; Values esbl &c from hoI.si tore aan
bush. is some eSnlanation OF, the ipdifersnee
@ eonntfies Of f9 9tRs world. a1 fynnpited States ss't ex:
eented are more concerned than the buyers;
Our wheat has been. and continues. az a
selling countries as is well known in the move
tRree months MONTHS remaining en- to new e1' grain We are
confronting y supply Of wheat that will likely
pro- e very embarrassing in event OF z Rood
production this year which crop conditions,
two and three. months away. may indicate.
We have been practically out OF the European
markets a long time and have lost a trade
dih, cult to regain WITHOUT q crop accident
in the world a competition in supplying
that Is not backed By a better demand for
our wheat and -four is not likely to be for
much and only temporary. Situation Is one
thatwill attract sales If a fair rise 10 presented. "
Corn showed frmness, thoug b the tendency
to advance was held In check .hy the decline
in wheat and the ~narrowness OF the specula-
ton. But shorts in some cases were cover:
ing and the offerings and receipts continued
light. Liverpool advanced Nd. Chica go re-
oeiyed 27s cars. including IL Of contract, grade.
= There was some selling Of May and buying
Of July at the West in undoing spreads. Re-
ports from Illinois and Indiana country
points state that stocks at station elevators
are much smaller than a Year ago. Cash
prices at the West were firm. with a fair de-
mand- Country acceptances continue light.
sympathize with the depression In wheat.
and some selling took place., too, on indica-
tons Of clearing weather with high winds.
which would improve the prospects for seed
ing, but on the whole the tone was firm owing
10 the smallness of the receipts and accept.
ances and bull support. Chicago received
l2S cars, including twenty of contract grade.
Wheat on the spot was dull. Sales. II 600
bush, No. 2 red. export, SC. over New York.
May: choice. $40. over; No. |. northern Du-
luth. &c. over; No. / northern Manitoba. soc.
Futures closed 4 to Lc. lower. Sales. COG, 900
bush. Prices as follows:
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