The sun. [volume] (New York [N.Y.]) 1833-1916, 1908-03-27
TIE GRAIN
Prices Hrm-Kansas sun Dry-MOlsturs
Preiicted-CabIos Better Than FIX
pecRd-ReceIpts Light.

EflCfa fIW- hAibAb sun DEE "OiSNuit
Predicted -CAbIos Better Than FIX
pec<d-Receipts Light.
Wheat closed higher owing mainly TO dry
weather In Kansas. favorable foreign ad-
vices and covering Of shorts, Early In the
day prices advanced q fraction under the
stimulus Of better Liverpool cables than had
been expected, an absence Of moisture In
Kansas and small receipts. The offerings
were light and shorts covered. Some prom
inent Chicago interests rave support. Ar
mour, Logan, Pringle, Wrenn and Love were
! reported to have bought.
The cash position continued strong and
premiums were maintained at tho Northwest
Liverpool opened easy on favorable crop
reports from this side and a quiet Plate de-
mand, but soon rallied and closed = to &c.
higher on support from leading longs and re-
ports Of smaller Argentine shipments. Car
goes we're easy there. however, and the Ar
Rentine offerings large. Antwerp was I'M
changed TO &C, higher. Berlin declined q
to ic, and Budapest 20,
Not only was It dry in Kansas, but a cold
wave al the Northwest seemed TO threaten
the winter wheat country. Nebraska too
complained Of insufficient moisture and there
were further reports Of insect damage from
variou sections OF the Southwest,
The Northwestern receipts we're more than
300 ears smaller than on the same day last
year.
But the speculation lacked snap. The
trading IL still largely for quick turns. Even
some Of the largest interests In the trade are
pursuing this course until they can get more
light on the situation. Later on the demand
fell on and prices reacted for a time, Scalp
ers took profits on the long side. Some sold
short for a turn, encouraged TO do 40 by pre-
dictions Of snow or rain for Kansas, Darrell
Brosseau, Candy and Wagner we're reported
to have sold.
The bulk Of the crop news was favorable
from the Southwest, the Northwest sent
favorable reports 10 regard to seeding and
the export trade continued a. dull as ever.
The Price Current says that growing wheat
conditions are generally satisfactory. The
stock al Minneapolis has increased 2OO, 300
bush. in five days despite the decreased
receipts. Berlin declined equal TO = to lC.
and Budapest &c. Broomhatl estimated the
Argentine shipments az 100000 bush,
against 8 ,752,OJo last week and $4,000 last
year.
Everybody is keeping a close watch on the
situation In the winter wheat belt. The de-
~yelOpments in that section, II is believed, will
have much 10 do win shaping the course Of
- 70 ~ WV. Ah'"A 'NH' w wv INV
ment the outlook for winter wheat is appar-
emily favorable in the main. There are son %
drawbacks, however. and ne average trader
Is disposed to proceed slowly for a time. or
until some definite idea rs to the probable
outcome can be obtained,
THE corr SITUATION.
Corn advanced early with the trading fairly
active. Bulls were favored again by small
receipts, higher Liverpool cables and light
country a%cceptanCes. The offerings we're
light and shorts covered, There Is believed
10 be a considerable short interest still put
standing. Patten interests. Wagner aud
Logan were reported to have bought.
But bulls were not aggressive. In fact
some believed they were selling on the strong
spots and later on the tone became easier.
The weather was favorable and the cash trade
was quiet. Cash interests were said 10 have
sold 10 some extent. Liverpool was partly
&c. higher. The Argentine shipments were
estimated at ~, 900 bush. against i27, 600 last
week and 10000 last year.
THE OATS FEATURES.
Oats moved in a ~listless fashion. Changes
were due mainly to sympathy with the tuCtua-
tions in wheat and corn. Large stocks at
Chicago and The high prices tend TO discourage
buying, but the fear Of manipulation checks
selling.
The cash market was quiet and firm. tn
favorable reports ~ regard to seed were
again in circulation, but the Price CurrsHfsays
that oats are showing progress.
THE SPOT MARKETS.
Wheat dun. Sales, 1900 bush. No. >, red,
ic. under May (. o. b. afoat for export: SO. /.
tIiII. Futures closed to I've. higher.
Estimated sales. 800, 900 bush.
Corn quiet. Sales, 24,OOO bush. No. .,
No. ., white or yellow, nominal. Futures
closed &c. higher. Estimated sales, 5000
bush.
oats dull. Sales. 5000 bush. Natural white,
20 TO 80 lbs, 57H5qC,: white clipped, 20 10 "a
lbs. GOG62c. mixed, 20 to 81 lbs sc. Futures
o. fOilouEs