The sun. [volume] (New York [N.Y.]) 1833-1916, 1907-06-19
TIE GRAIN
Prices Advance -BuIlish Reports In Regard
"a All Grain Shorts Cover Bull

Prices Advanced -BulIist1 Report In Regard
to All Grain Shorts Cover Bull
Support.
Wheat advanced on the strong foreign
situation and the idea that the crop despite
the present favorable weather will be short
both at home and abroad. james Rankin
is a bull. James Patten has been covering.
it lie believed, for three days past and must
have llquldated much II not most Of his short
interest.
Liverpool closed strong and 1Td. higher.
Berlin advanced equal to = to 1Nc. on wheat
and y to Nc. on rye. Paris closed quiet and
unchanged to equal to &c. higher. Flour
there was &c. per barrel lower to &c. higher.
Budapest fell &c.
But another bull point was the report that
the outlook In the Southwest pointed to poor
threshing returns. Broomhall says the Ger
man crop In ZONE sections is three weeks
late and that the situation is critical owing to
light stocks and that any further unseason-
able weather would be likely to cause a scare.
Oklahoma advices we're to the effect that
the yield was only about two bush. to the
acre. Some unfavorable reports, too, came
from the Northwest. Reports Of insect dam
age we're received from indiana and Illinois.
On the rise many recent buyers took profits
and prices reacted, only to rebound, however.
on renewed buying on bullish crop reports.
Shorts covered aud large Chicago commits
sion houses had buying orders. Part of the
rise was lost before the close on general real
izing. The weather WAS generally favorable,
hut the bullish tenor of the bulk Of the crop
reports Was too much for the bears. though
the net advance was nothing great.
Brddstrcots reported a decrease Of 3,5l2. oOo
bush. in the worlds available supply. rs COM
pared with a decrease OF 1900. 900 in the pre-
vious week and 100000 last yeIr This
hnd more or less effect for n time.
The stock OF contract grade at ChiCa 20 de.
creased 5000 bush. during the past week.
but the total is s,ssl, 900 bush, against ?.Gs2. tEsi
last year. The stock in public and private
elevators there decreased Sls,oM bush lra,.
seo: ysS' bush ! s.eains. SsSC6o !ast seek ","l
f@sS', aeslns seHr ] o. COO" last Sa''' Week and iiT - 90
BroG%hslrs foreign crop ;gmmary-
ing crop prospects, which are below those
Of last year. Fr~ance-Outloek generally
i sqSd' Supplies sSr Ii oe sufficie S%o fo GERM i@m nedii tees re-
unirements. Germany-Favorable weather.
improved crop prospects HuneaW.-some
RnRmSnia and Bulgaria "WiSter wheat shows
improvement; spring crops favorable ltussia
i m6%tlSSE IT. fc s2n' ain;sr s sfSS' %i sscdEFTreerlSS
and SsSorTl9thiS africa H,o"jlooEs fair n Tdfs."
beneficial for crops, Australia Weather
good u
Du sicqs F t.pcr,s 5, of P fioodsd l. "T3 T fsS% tSs
Sioux GoTVe Valley Tor 100 miles SOUTH mostiy
Heavy rains here last night and still raining"
The London Stdttst Of June s says: From
appearances now Che European wheat crop
600, 900 bush less than last year"
THE CORN SITUATION.
Prices moved SSp With Thef.; Besides
three "weeSs late and some say We look
for q vhirl in corn this summer. Weather
as ifSaVorable. Good rains secured in south
prsdioIsd FOR the corn belt, liverpool sds
Bulls say that the high temperatures are
injurious. The each market. though dull,
&c, higher. The stock Of contract grade
al Chicago increased $4,000 bush. during
the week, making the total ei7,ooo, against
Brsd%rcGTs, reported an increase of l..
sa7'E 200 bush ~ y t The os sYr IUs, supply; a SsipSt
Ie1, 900 last year. Chicago received s24 cars.
including ?Se OF contract grade. The primary
Tsceints we're $500 - soo bush sESinst ! .ssa 600
so7 .ooo, against eei 900 last week and 6Si 900
THE OATS FEA1rHEs
Oats showed a good deal of strength. partly
on bad crop reports and purity in sympathy
With other grain.
The market was again flooded with reports
Of green bugs In Illinois, and they had not
u little effect, especially as they were accom-
panied by buying orders in some cases. Iuiy
showed conspicuous stren 9Th at the West
and the cash market there was Ikc. higher.
Brddsfrtu's reported a decrease of PSI
90 bush. in the available supply. against a
decrease Of i:I ,poO last week and Of ose 900
isst yer. Chioa 90 received isl cars. in.
Guiding 80 OF contract. grade. The primary
receipte were $4,000 bush, against SO, 100
last week and o7p 900 last year: Shipments,
le7 900 bush. against tei 900 last week and baS,,
900 last year. The contract STOCK at Chicago
increased 10000 bush. during the last week,
and now amounts 70 7,2e2.ooo. against 3o5 900
q year ago.
TEE SPOT MLRENTt.
wheEt on the spot was quiet. Sales, "a. 200
bush. for export, No. . red, 10. under July
Z Q. b .ahoat for export; No Northern
Sales. : 800, ooo bush
Germ vas dull OF the spot Sale. i7ooo
mssti0: No. . white, e7j(o. (. o. b. Ghost for