The sun. [volume] (New York [N.Y.]) 1833-1916, 1906-04-29
THE GRAIN MARKETS.
wheat Quiet With Narrow Changes m
Prices-COPn and Oats Firm.

Early In the day prices declined. owing
70 lower cables from Liverpool. eohtihuep
dalton here and at the West. the dullness o.
the cash demand, the sluRgishness OF tht
-four trade and the narrowness oil the specu'
Liverpool declined < 70 I'D. That market
was influenced by bearlsh advIGes iron t tbs
by France and a good Continental denlanH,
but, the tone became weaker later on Pari'
Many were getting out of the May option
at the West owing to the fear OF recelyme
the, cash wheat on their oontracts, meg
May with July and the latter month showed
greater strength than did the rest Of th iss alst Ia,
col Later , on smS S9v m g OF s sh4fls saV w more moe f o.
less support and a few unfavorable crop re
PPSSrtss o Mere received d. 1[rom the s911hw s9d-
denly became strong and the cash markets
decrease IN the visible supply, on M Monde 2
case, 900 last week and S,S2s.oOO last year,
stu later however prices again weakene 60
cover. fffhee Northwest t sold at chicago,
Contract stocks at Minneapolis. I is stated.
hays, increased 200, 900 bush. for the week.
The speculative situation more than any
so'R Well Use sus ssR3stdh' un %fg saS Rft sspe S4s 6asl-
Lyle Lyle. ana Each e ae day nG shor tense the It'll time ej to new
wheat and the time In which to sell old wheat
to Europe ahead Of it's appearance. With
Of time is an Increasingly bearlsh feature.
On the other hand the bulls have been assert
Ing enough injury to make. their opponents
injury decided many shorts to seek safety.
Beyond, these statements and concedlng 70
them all they claim the crop promise Appeals
growth and warrants a belief In a .produc-
ton equal to the generous result Of 2 year
s6ando On Maasas r {hsr e h hos 9sea 8In and loses
much in effect when, we remember that IN
each year we have abandonments, IN a more
are a complete failure it means about fifteen
million bushels. This can have some can
ss=ellation in the crops Of Texas and tS.t Indian %aaa
so largely lost from, rains after being hsr-
vested last year. This is a big country and g
gftoGi e 1 srGR all 11t on w5o i in u s sny i hear pl q gn IS now
that damage news g potential. and as It ap,
20 Rsf55 ssa aSSHs or a6 SSlG psss sRi t iEyst esfiy ll iRGlane
ton In the May option and news Of crop
PROCESS as % Leading prize ,sI9d fsot sSs. Tho North
uestern IIaer. together With he hiish premium
alton Of the mills, Conditions existing at
trade continues TO show considerable interest,
but bids are usually too low to permit of
Corn was dull. but somewhat irmer, owing
to reports OF rains in sections where seeding
a Is sfrI RfrSs oe the eeP Grest 'f hal teerS 9o %fy hs' RE Se
ceipts. light offerings, decreasing stocks and
covering Of shorts. During the week 5000
stock at Chicago. and it Is said that not a
full cargo remains in any one storehouse
One firm said: THE price has grown at:
t~ractive. but in a late spring the farmer will
not refrain. from pressing field work to en-
meisia al d dfISbins' w BhiF' has Is no n6 So aon IN s2%l
There should be more corn on farms than
a good de one, and nd nc much has entered export.
ana ani a Ps'fs 70 FOR 9 iisf, fs sssalas. Ne See' are sG sslfiPss
met by a large surplus from Argentina now
in it's early movement. Weather conditions
are In f., Of z large preparation r Of soil
May corn has been traded in for a veal, and
the prices that have been made in it have
up Of short sales the market las its siren 9Th,
since conditions Of supply have disappointed
expectations Of months, and even weeks, ago.
look for a repetition of the. movement on a
year ago when Chicago receipts in May were
more than doubled In both June and July.
Grazing will now admit OF economy In the
use Of corn; pemsnd always lessons in the
%ay o shorts s0Eh have pt been s SHi ffiedea' Condltlo ons
with us should stimulate exports from Ar
Oats were dull but firm. largely owing to
Patterns statement that he viii receive May
deliveries. The offerings were light and
shorts covered.
The following are special crop reports to
Mlnneopolis-Wheat seeding in southern
Minnesota Is we'll along, and other grains
not 30 well along. being somewhat behind
last year A larger acreage of other grains
about the same area is looked for. Con-
ditlQns are, on the. whole. favorable. St.
Paul-The weather for the past week has
completed. The good, condition Of the soil
has fully made up for delay in getting started
I'm f Is %eIi S Sdv rsie; D~p Msatbe4p dosai sfeds
remain favorable. Des Moines-seeding Of
small grain is practically completed. The
what less than the average Of recent years.
feature. Sioux ,Faiis-sunshlne, absence Of
taseous. Crop outlook is excellent. Daven-
%poEt,,ldeal weather conditions have pre-
f Eallsd S sod good esp egGSFs'si IN has pl Sse9 msds sI IL
sssdIas Z sseSTy fnished and sTSand : in
prospects are maintained, and only a new Few
spots here and there show extensive damage.
Dat seeding # pEEs,c c over and the
crosses favorabIy, Kansas city-Conditions
are most fayorable for farming operations
and corn seeding Is well under way. Kansas
winter wheat continues In fine condition,
st. Louis-Favorable weather has stimulated
the growing crops, and it is generally be-
dent, the winter wheat crop will be one of
the largest on record. Farmers are busy
for the corn crop, and the REPORTS
are that the. acreage will be larger than last
year. Wlchita-Crop prospects are excellent.
~. JosephT1Mhea generally Is in good shape,
though a sllght lack Of moisture is reported in
IOrn fiA nnENn lE@-
are favorable. Cincinnati-Crop conditions
are excellent. Spring plougbine is largely
Oats are about all sown. One
week more OF this weather and pastures
Wheat on the spot was dull. Sales. ia. 600
bush. for export. No. 2 red, export, 3Hc.
oyer New York May; choice, s1lo, over;
Manitoba, sshc. Futures closed 10. lower
to rs. higher. Sales, 100000 bush. Prices
Open HIGH Lou. Clos pr,r. ,
!E!alEg.sa N: {, Il r.
Oats were dull on the spot. Sales, $4,000
push. No. q mixed, 3ekc,; No. 2 white, s7c.:
No; ? white. Clipped s1Re. Corn was quiet
=, n the Spot s Sales, 10 600 bush; No: Z sS1o;;
-. S.. isaSSt 81 So ' s. cl s%
The following shows the grain movement:
!s s:$ .':.:. .'S,s sSs NV % i 4, ! S:'s5 wi Us 'ts'' :sSs
ssssipis."~... 500 $4,000 sss. 900 1000 10000