The sun. [volume] (New York [N.Y.]) 1833-1916, 1906-04-20
TIE GRAIN
Prices Irregular. Ending Lower-"eatne
Observation-Disclosures and Hammerms'

Weatner anu crop EopOrto' vi
and liquidation. -"
Early prices were lower. but a rally came
later, especially in May. In spite OF wear
cables" fine weather and a certain amount
Of liquidation. May shorts were plainly
nervous.
Yet not only was the foreign news OF .
bearish sort, the weather very iaVoIapie
for the crop and the Chicago receipts aooNo
the estimates. but curb prices In Minneapolis
were lower and the buying appeared TO be
more TO realize profits on the short sac than
anything else. New crop months sno~eo
the most depression, owing to the optinisSro
weather and crop reports receiVeu. ING
weekly crop report OF the Cincinnati Prtee
Current has very favorable and had some
effect. Private dispatches aSolt the crop
were almost uniformly bearisb.
The Cincinnati Price Current says: Bet
ter weather conditions are shaping the situa-
ton favorably. There has been GOOD prog
ress In agricultural affairs.
Liverpool declined u to I'd, partly De-
cause Of moderate realizing and American
crop advices and partly because there was
less nervousness there among the shorts
In May. Paris was unchanged to S confines
lower on wheat and 5 to 46 continues on nour.
Yet the rallying power Of the market wa
very apparent and seemed TO be traceable
partly at least to the existence OF a large
short interest. Berlin was unchanged 70
K mark higher. Budapest advanced
kreuzers. Boats loading and chartered
to load at Fort William and Port Arthur
will take out about half the total stock here.
New crop months are more or less under tho
influence Of the weather and crop pews'
Old crop months. especially May. are dom
mated by the abort interest, and 70 some ex-
tint by the cash business. which Of late, how
Late in the day tho market e.; especially q &c say,f for
stated mate s sma. le soo' Became eails 'n more "e aggressive,
owing to the. continued favorable weather
conditions and the dulness of the cash wheat
The demand from the shorts. moreover. fell
of and the depr ession In the stock. and cotton
grain, especially as there is some fear that
any strin gency in money. growing out Of
the San FRANCISCO disaster w4uid be apt to
Besides. the sta Of the export trade
advices state that the condition of winter
wheat in that State, ia fully as. good as at this
time last year: and some ,s SLAIN a. rs f9at II in Is rs 80
gard to the -four trade were received not only
from the Northwest. but also from the South
SIN the market newo Of la IT, has shs shcwr /, not %. q
have shown not a little une asiness at times.
and some think that interesting developments
are In store for the bears in that option. Yes;
terday, however. the DEVELOPMENTS favored
the bears and the market closed at about the
"Despatehes % Dvn;s .Rerteg from branch
Offices Offices q ri. +, e |nd Run 4 Co. fSsf l0f fSs v IN the Vii TIilpfss s
large IL weather conditions are normal dur
ing the balance of the season. Slight de-
trsiisss 3 By aG GAINS s IS s3%s pG and t drs t Rssl
area lie about the same as last year, Reports
are practically YnanimoHs that the wheat Sh
noted, and at some Southern points .jointing
has begun making the growth ahead OF
resarding the absence Of Hessian fly or other
from parts Of Michigan where snow protection
Even this may. not curtail the Yield seriously
II future weather conditions are very. good
and rapid progress is made on rsplsnted
The tetsl pSrim9Fy receipts weEe sI Tslstiy Tbs
receipts reached 26l 900 bush, against 27s, 600
last week and / 5000 last year, and the chip
ments 444. 900 bush. against 1905 900 last week
The seaboard cleared 1900 bbls.. of -four.
AGAINST. rs. 900 last week and "A 900 last year,
while thus far this week lo7 900 bbls have
$4,000 last year. OF. wheat. los. 900 bush
were shipped. against So 1000 last week and
none last year. and thus far this week si5, 900
and "A 1000 last year. ,
The ATsenti9e shipments M osS for the week
:. ia, 900 last week and ., s3.. 900 last year.
Pringleand Fitchd Rankin were heavy sell;
s souS 81 NAL lniy. p sSoTts v wss { the ssI best buyers Msslsf II
One house said: The situation in the May
delivery in several markets is such that sew.
eral OF the traders are uneasy on both sides
! My Men il Ilo Gid,Sii GO i SFs Ms ss' eo@es sS sSd s tRe p shs'
falls under IL there will be'.profts. made oil
the July sales. Such a position obtained {
/, much loss in May from being short OF July
May was advanced more than the later op
, tio.s I'll, Dh mad th ffop p1es a ae Ionas viii lT0 take sh iD Il,
! Wheat given them on May sales, This is prob
ably more for effect than actual, intention "
! output last week decreased 25,5e5 barrels
The quantity turned out was 25S. 755 barrels
aaSaiIst log, Ss sra IN , igc' m aGn ~ 4; $40 on IN agGo; an,
n weeks output should approximate ?aO,oOt
barrels, For the same week a year ago i wa!
0 Minneapolis mills made a fair showing, Som,
TIiIs . sSls thar , sntp 2 but IT G shs.; Gid bFdu nGs
in som orders, and il also induced buyers t.
order out old flour a little more freely. As
! as they actually need II and therefore tn
market Ell, y gu sv,o LESS q iSs LAP sPp S e e tba hay +
2 the United Kin gdom, coupled with the ad
. vance asked by millers has worked to Gu
otherwise was indifferent. Holland bids OF
Z. first clear, Out usually u 30 lar out OF line q
to preclude business. Reports from outsid
mills. new, business light running most en-
tireiy on old orders"
Corn, after some early depression, wa
strengthened by covering Of shorts and larg
5 shipments from Chicag go. The influence o
. the short was apparent, not only In whea
/ but also In oats aud corn. This largely ofse
+ adverse factors. In Liverpool. corn declines
to I'D. Chioago's shipments. however. thu
far this week have reacted something Tx
I, $50, 900 bushels. 1t is thought that tn
: shipments from that city. East will now b
liberal. and this is expected to act as q BULLS
factor for a time.
o Yet later in the day long corn came out 4
considerable, volume, and prices reacted an,
O declined. The break In wheat was also
factor in the depression. 1t ie believed. toe
that crop preparations are making favorabl
! progress. The Argentina shipments wer
. estimated at sec, 900 bush. against 252,0
Y last week and $50 900 last year., and II is ex
4 pected by some that the shipments fror
= that country will. reach large proportion
; In the not distant future.
> Chicago received az cars. Including q
: contract grade, and expects 81 to-day. TIL
l total primary receipts were 200 900 bush
3 against 2s5, O0O last week and $4,000 last yea
: with shipments OF OIL 1000 bush, against 58I,O
: last week and s25 900 last year. Bears cor
. tend that tho lighter the movement NOW tn
= lerRer il is likely to be In June and July a.
a even. in May unless there is an abnormI
" rainfall