The sun. [volume] (New York [N.Y.]) 1833-1916, 1906-05-08
Executor
THE GRAM
Prices Advance, Then Decline Shorts Cover
Longs Hquidate-Cash Markets Firm.

Longs lAQuidate-Ca9n MorhetS fITm'
uh.o, o,os.a ,ow,r nm ,,ouidat,on beariab
800 III = 1T ~ .nnnnrt In The early
,rsS1n. nu .daa,oa5 H., ~ rsactad later
ua az 49,. y, H., eoyared freely
rh. 81. n.o,t. arw ths wssthsr was
aaid IN ~ a'intar ,shaat states and the North
80 80 ~ snnSa... e. = tin,a wsra nothing
,orv Isr.a r. was soon found however.
ueIy taiss. was soon o~"s., rhIoaoo
1 Tnn iI,a ma' g. KnasIand
C r. r,r,Is 4 w ,yara sailing on the
Oiement' curtis a Co. were Seni"s " ;"
rise. May option In chicago went up ="
early TO size, but broke later to 7ehc.. or
ds Gems, an ,n t tne w w's,hIs s,nnly was large
uecrease IN INC Vis,oio eupp'y ""D '
however. and later May ran back to SIZE.
owing to this and covering. May was a source
M a oood deal NJ an1iety to everybody.
Everybody was watching it. A good deal of
private wire houses. As soon as the pressure
was released prices rsiiieu aa'U ud n,donest
pool cioseo "a 10 '%u, nishet' lily pu'apeeS;
nHSi "p, o tn H .ho l HsRsr ' While Berlin sal% ended
S1casa 90, .scsiUt " were rather large and
warmer weather was predicted. Bulls were
encouraged by predictions OF a quick enoinR
Of the lake strike.
An eariV chlcago aespatcn ea'o, =,
Local shorts buying July. LOOKS as u
they went nome snort baCuTOhy anu dIO
huvInc n haok On cold weather. The manIpu-
puylnS ~ os "r In oor ~ I,Iv shorts
'a'," lat ,n c ctIs Is s despasch In" said: -. Rankin.
who has been a big bull is trying to sell wheat,
and It ia breaking on this Offering. Bartlett
Frazier q Darlington a lso are helping 1t along
The New York stock increased $4,000 b ush'
for the week"
he 'lsi9,e supp's y, . 70, oon n tbs nrevions
against a decrease OF 2.'zz.ooo IN .he previous
however. it was . day %of'iong liaaldation.
and the, rallies. due to covering OF shorts
d dna 9Sdl support were as a rule OF snort
The shipments from, Russia thus far this
season haye s,s s% mo 70 a. TO ,I los ti ET.eo Iss 9u ssa.
son and li0.ls2 600 in the same time two years
ago, The Danubian shipments. on the other
hand, rave been "a o's ,q0o, push; gag aga, nnS
49, 30 600 two years ago.
The seaboard cleared i9. 900 bbls, Of -four.
against $4,000 last week and 1900 last year.
against $4,000 last week and none Last year.
The total primary receipts were wv, 9oo pnsn'
With shipments Of 227 900 bush. against +s4 900
last week and 200 900 last yea p,.o-
land Mes were s seiI I f logan 4 Bryan Bryan and Ware
& Leland were buyers.
THE CORN SITUATION,
Corn osfted VERY firm nT.l IN nb shs e ar Sd s5sdihS;
"A 10 "a, despite ne law VIA, ehc
estimate of the Argentine crop is $50 900 600
bush. or. 10000. 900 larger than last year.
On the other hand, tho weather at the west
was less favorable, andlbesides It is predicted
that by Wednesday the lake strike will be over.
The visible supply decreased however:
previous week and 1 ,Oe7 900 last year.
Later on, too. II was noticeable that con-
siderable long corn was CO ming out from
certain quarters and when wheat Weakened
corn followed suit with pit traders hammer-
ing to some extent. Moreover, the worio
The total primary receipts. amounted to
$4,000 bush, against $4,000 last week anu
amounted to only, s5s,Ooo, against $4,000 last
week and aO7 900 last year. Chicago, got I48
cars, Including 81 Of contract grade. M The noe
last week and 80, 900 last year.
Planting is making good progress and
country shipments are Increasing. Larger re-
ceipts are expected in the not distant future.
and it is believed by many that there Is moth
ing for it but a decline In prices. especially
Effects Of hedge sales.
The cash markets, however; continue strong
Chicago are not large. 1t is pointed out.
moreover. that the Eastern demand for cash
corn at Chicago has been good enough TO force