The sun. [volume] (New York [N.Y.]) 1833-1916, 1907-06-09
III GRAIN
Prices Rally After an Easier Opening
-RuI Ilsh Kansas RepoFt-Sh0rts Cover.

-nU bsu hbl81D hSpohb-oAJtNo SvVpts
Wheat closed at an advance win mainly
10 a bullish KanSas State report and covering
Of shorts. Early In the day the market was
irregular though the changes were not very
marked. Many were evening up before
the Government report. which is expected
on Monday. In the main the tone was easier
at first owing 10 generally favorable weather.
scattered liduida ton and easier Liverpool
advices,
Showers occurred In most States and tenn
peratuTes everywhere were higher. Reports
regarding the spring wheat crop were gen
orally favorable. Minneapolis sent -tearish
! advices on the crop outlook. Moreover. the
Northwest sent selling orders. the cash trade
continued quiet and there was more or less
short selling.
Later on came an upturn, however. Many
shorts covered, fearing a bulllsh Government
statement. Then, too, the Kansas condi-
ton was oficl2lly stated at SO per cent.
This was better than some had expected In
view Of the umors In circulation on Friday.
1t was clearly bullish, however, as 81 per
cent. Of the area has been ploughed up. This
was taken 70 Indicate a crop of about only
5O. oO0.0OO bush. for the St1te, The condition
last month was 81 and last year IL was 70. with
a yield OF 90, 600, 900 bush.
Moreover. many bullish private reports
were received from the Southwest. There
| was no ram III hdnSAb. II OOulllN = ECllt
buying orders and commission houses bought
The Government report, needless TO say. is
awaited with great interest In the trade. 1t
Is believed that II will have much 10 do with
the course of the market In the immediate
future.
The Michigan Stlte report showed a de-
cline Of 4 per cent. In the condition within a
month. The secretary Of the Grain Dealers
Association Of Texas estimates the wheat
crop OF that Stlte at 10, per cent. OF last year.
! Liverpool deGlined "a; to "a S on fuIther
Modern Miller report; Paris was unchs nged
to 1tc, lower, Berlin declined I e y marx
t ah%dA PPeTid Eas shGiIp Sssai a at aa.ood. o6 sS'I bSsh,s
against 2.O3i,OOO last week and o,a?O,oOO
last year. He says the we'ther In south
The Minneapolis. Mgrkci Record says;
Grain crops in the Northwest made splendid
pTosT Tssm d STd :,,I l%st M %ssk o, tbs ,im msat as5
owing to the fact that the ground was. well
supplied with moisture yege1ation OF all
orally agree that grains. and wheat especially.
are, strongly rooted, due TO the cool weather
s siUn. good Sn S%Rdi'l Sae & tae s srGhHW %ea aGh Fe aa iRst
the bad, Effects caused by the abnornal'y
0O Frt HRS FRaSEjE gns s sPF'f~fff illinois. and Indiana,
generally fair al. IN north ~ pr probable s16ds s s. Wisseu n 7
sHd R SSss.onT prSo oba q s dM% s rs tcyni 9fI'S and
tonight and sunday: Wisconsin,, fair and
continued cool tonight and Sunday. frosts
in Moorelands tonight Minnesota, generally
fair and continued cool tonight and Sunday:
Iowa, partly cloudy to- night and Sunday,
with possibly showers in west; North and
South Dakota and Nebraska, probably
sh wers tonight and Sunday.
Corn opened eAsv with wheat but later be.
came hrmeT on u~nfavorable crop reports and
complaints of too much moisture and Of cool
weather in the eastern section Of the belt.
Shorts covered and commission houses
bought. The Michigan State report was
bullish, putting the condition at s3, against
90 a year ago. This gave rise to fears OF bull,
ish reports from other States. Liverpool
was I'd. lower, which was better than ex-
pected. Chica go received SS3 cars, including
$50 of contract grade.
Oats huCtuated with other cereals, opening
easy and then ~rallying. Crop accounts were
conflicting, but nervous shorts covered. The
weather news was favorable in the main.
Chicago received ll6 cars. including IS Of con-
tract grade.
TIE SPOT MARKETS.
Wheat on the spot was dull. Sales, i6, 200
bush. No. ? red. &c. under July. (. o. b. ahost
for export: No. | Northern Duluth, re. over:
No. hard winter, 01sc. over Chica 20 July.
Futures closed &c. to &c. higher. Sales.
900. 900 bush.
Corn was dull on the spot. Sales. 10000
bush. No. ? mixed In elevator. 64l5c.: No. 2
white. C4c.; yellow. CSC. Futures closed &c.
lower. No sales.
Oats we're dull on the spot. Natural white
on track, 80 to 80 lbs. 50d Sic; mixed. ?6 to 80
lbs. IpL soc, Futures were as follows: