The sun., 1907-04-27
TIE GRAM erARKETS,
wheat Rlses eharply --AOtive BuSinB on
Crop Damage RspOris-COrn nd Oats

wheat mlses eharply --AOtivo BuSinB on
Crop Damage Reports Corn nd Oats
strong.
Wheat advanced sharply on higher foreiEn
market and unfavorable weather reports
Some new high records were made Kansas
and Nebraska seem to be suffering from
drought, the rains OF late having been l9nt'
Moreover, the weather in parts Of the oet
was cold. with killing frosts. Besides there
was again dema nd for durum and Manitoba
wheat for export. The export buying "a
beginning to play a very conspicuous roe.
good many OF the shorts covered. Out-
side business e better 5s SEns 70 S.d nS weather.
and the strong foreign markets. ,..-..
The rise in Liverpool Was preceded by some
hesitation, due 10 the liberal Argentine eN-
ports, but later a much, stronger tone was
noticeable. owing to light onerlngs. neaNy
cargo sales on THURSDAY SGSodI SSSsIiSg spV re
Advices from India are that the weather
is unsettled and new crop prices are adVanc-
NAV sold in Chicago at aOT in February
last and touched that price again yesterday:
liverpool closed firm at an advance o.
4 10 I'D Paris was equal to = TO &c. higher
on wheat and ~ TO 41Ic. higher on nonT.
Budapest advanced equal TO &C.; perrin Was
m and TIiShsnTeG EisSs e1 %p nsre Was a. times
something like old time excitement ana
Rears pooh-poohed the crop damage re-
ports al first and for time opposed the up
ward movement q prices HHod sSo a1er oe dam. Ts
age age reports. Commission house businesTs
was active. Buying orders came from hl
quarters. The Southwest % backed 1h Hp a1e Sne
side markets were all buoyant; heaYy re-
alizlng sales we're readily absorbed Byilish
sentiment was rampant everywhere wan
street houses we're good buyers. +,
The damage reports were sensatlonaI IN
SSnyC instances rs bsI ana sdTsnSs Sness the prn
cipal wheat producing sectl0ns get coplous
rains in the near future The short inter
eliminated on the recent advance and some
would not be surprised 70 see 2 sharp SCI
back in prices OIL technical conditions alone
A Chicago despatch said; Trade in wheat
to-day has been enorm2us Everyoooy mas
selling by UpdIte' Slaughter and Logan 4
Bryan on the bulge The buying, however,
Kansas CITY have advanced very sharply.
and a good demand from interests in the
country is reported there. everything from
| the Southwest indicates that ehe crop Is
going back ward daily"
TSe Modern ,Mliter's, weekly Crop reI9rt
was considered bullish. IL said: The
mnfavorabie weather impairs winter. wheat
prospects The plant ia backward ana warm
rains are needed to start seasonaoLe GroSth,
| localities where the plant had ioihted The
| Tennessee State BOsrd OF Agriculture reports
seriolis in Jury TO wheat from fr0stS. COM
plants OF green bug damage are less numer-
| ous and none Is received outside OF the
Southwest" ,.
arrivals being 100000 bush. against 35S,OO0
last year. The exports for the week were
2SsC242 bush SsslnsI JtS tS' s az sNs Sst
against III. sol .fOl IN the same time last sea
son. The Argentine shipments were 4.45ONO
against a. az. 600 ~ the same time last year.
\ cshle from, Rroemhali said: The I'm
ptop pe5l'' Conditions in the 81 emoire as follows
Winter wheat. as NJ April iS. 90, against ~
on November rs last and u on Anril IS; 100:
winter rye, as Of April is, 72;'contrssled Tiih
81 on November rs last and "a on April Is.
rHE CoRN SITUATION
An advance occurred early, accompanied
bv brisk buying. but on the rise heavy liquida-
tion and other selling took place. partly be-
Of sDGrs S Sens pTsssG This
contradicted. however. and new high records
LIVERPOOL closed 4 TO I'D. higher owing to
the irmncss in this country and bad weather
Commission houses bought. encouraged by
| the strength OF wheat and shorts covered
| The cash market continued strong with .
good demand reported at the West. Cash
| interests were again buying May.
The exports for the week we're. t.slI.O4l
bush against t.l39.e?2 last Y eek and i,42s.s2l
last year: since July !; $3.50 242. against
Argentine shnments VsSA 2O4 ,OOO bush
making 9l, Sse. 600 thus far this season. against
Sn Ras OOO in the same time last season.
TIE OATS FEATURES.
Activity and strength were the dominant
features New high records were achieved.
Other grain helped oats by causing an in
creased sympathetic demand. CrOp cOndi
tioAs are declared TO he rather bad and a good
deal OF replantin9 will, it is said. have TO be
done
The cash market was strong. The receipts
continued light. The Northwest was buying
al Chicago.
THE SPOT MARKETS
Wheat on the spot was active. Sales
ZOO 600 bush. mainly for export. No. ,, red
&C. under May. Z. o. b. afoat for export No
Northern Duluth, SIC. over. Futures closed
"a! 10 Ne higher. Sales, 2, 500. non hush
Corn was quiet on the spot Sales, 90. 900
| bush No. p mixed in elevator. $50 Futures
| closed 3. to nc higher. Sales, iO0. 900 bush.
Oats were firm on the spot. Sales. 100, 900
bush Natural white on track, 70 to ~ lbs ,
tad5Ic,: mixed. "a to ~ lbs. 471Ic, Rye and
harley were nominal.
Future prices "a follows: