The sun. [volume] (New York [N.Y.]) 1833-1916, 1907-08-04
THE GRAIN
Prices Advsneo-BulIksh Crop Newp-CAblcs
strong Oats Excited.


Wheat closed at an advance owing to cold
weather at the Northwest. rust reports.
strong cables and general buying. Early In
the session prices showed no decisive ten
dency In either direction, but IN the main tho
tone was somewhat easier owing to scattered
liquidation here and at the West. II was still
rather cold at the Northwest. but the predic-
ton was for warmer temperatures. The
narrowness Of the speculation. too. helped
to impart an easier feeling to the market.
But after moving within narrow confines
for a time prices took an upward turn. The
speculation broadened out. There was more
or less nervousness over the cool weather
at the Northwest. Shorts here and at Chicag 20
as well as at Minneapolis covered. Then. too.
some large pit traders we're buying for a turn
on the long side. Commission houses bought
to some extent on further rust reports from
the Northwest. Minneapolis showed some
strength and the Northwest was buying.
From South Dakota not a few reports Of rust
were received.
The movement OF new winter wheat to
market. moreover. continues disappointingly
small. This may be trsceable largely to
delayed threshing as a result OF the recent
showery weather in the Southwest. but some
incline to the belief that farmers are not at
all anxious to sell at present prices. Liver
pool was closed. but the Continental markets
showed considerable strength. Paris adj
vanoed equal to NC. Budapest. &C.. and
Berlin, hc.. while Antwerp was unchanged
to equal to / 5-isc. higher.
Yet in the main the Improvement was due
TO covering Of Efforts. who feared adverse
developments over Sunday. Some favorable
reports were received from the Northwest
The dulness Of the export trade. too. tends
to discourage buying on an extensive scale
for an advance at the present time. At the
same time there is a feeling Of uncertainty
M 20 fha NttfnARaA ne fha NArfhuvaat and fhta
tends to restr ain short selling. In other words.
the speculation is largely for moderate turns
w Sors ah Se aow Tb ee sids g, dsse YfsIa en- ths a. . the
ton. IL is believed. will decide the course
Of prices. although an active foreign demand
t0r our SneaL OF course wouic iniaSe aew
Breom6sIl esti%sted p. world. shipment.
ooo last week ana 5000 last Year. "
Corn advanced with an increased volume Of
trading. The feeling is spreading that the
mitted shortness in the yield OF oats. makes
OF the corn situation. Commission houses
bought, shorts covered and the offerings were
light. The buying Of May was especially
20 Of contract grade. and expects 1876 to-
Oats advanced sharply, with the trading
the crop e declared 70 be going from bad TO
worse. From other States very bullish re-
ports were received. On the rise many took
profits. but the offerings were readily absorbed.
Patten interests were buying. According to
Chicago advices they have accumulated a
line of about 0.OO0,O 900 bush. Chicago re-
ceived SIS cars. including five of contract
grade, and expects 81 tomorrow.
THE SPOT x
Wheat on the spot was more active. Sales,
800 900 bush. mainly Manitoba, for export.
No. . red. &c. under September. 4. o. b.
anoat for export: No. 1 northern Duluth, i0c.
over; No. 1 northern Manitoba, s1.O2h.
Corn was quiet on the spot. Sales, $1,000
bush, No. 2. SOC; No. white, 62c. Futures
40, 900 bush.
Oats were quiet on the spot. Sales. 10000
bush. Natural white on track, 80 to 80 lbs,
sec. mixed. 20 to 80 lbs. SIC.
Futures were as follows: