The sun., 1908-05-03
TEE GRAM MARKETS.
Prices Up-AIay StrOaE- -W6NthH UafAyOr'
ablo-BuIilsh Kansas RepOTts.

Wheat advanced, Nay rising sharply and
selling at q 10 here and ti.OtH at Chicago, an
advance Of ? cents here and f7ko. At Chicago.
Leading bulls gave support and nervous
shorts covered
Then. too, many bulhSh crop reports were
received from Kansas, and they we're net With
out eject.
From some other parts Of the winter wheat
belt unfAVorAblo crop reports we're received.
HesslAp hy damage 10 said 10 be getting serious.
Recent heavy rains, moreover, ere said 70
have caused injury and that the damage 10
becoming more apparent every day. Fur
thermOre, temperatures over . wide area
we're unseasonably low, especially at the
Northwest, and snow was reported at num-
ber OF points This with the prompt stopping
Of the May notices caused active buying for
both sides Of the account, 10 which commission
houses were prominent. Sentiment s be-
coming more bullish, not only because Of the
less favorable crop accounts but also by rea-
son OF the increasing strength Of the spot stu
alton. Armour brokers bought. Bartlett,
Barrell, Harris, Warren. Clement, Ware.
PrinEle and other leading interests bought
The secretary OF the Kansas Grain Dealers
Association says that three important oounties
In Kansas have been damaged 10 the eAtehI Of
- per cent,
Thc Northwest reported an active cash
demand from milers. Receipts were hght
and ttOcksUOntinue TO decrease. The WOrld
shipments were hight, amounting 70 ohly
0.j4l,OOO bush, against II l,tsS,OO IN the sslhe
week last year, And again the amount on
passage showed liberal decrease. ~ was
1920 OOO bush leaving the total ahoat AS,-
70O, ,OOO bush, against S9,OS0,OOO year ago;
Yet the bulls did not have plain sailing
Bears opposed the upward moyemeqt from
time 10 time. There was considerable ilaul-
datlon, loo The generality Of the TRACE
believe that the prospects ot neay yielu
OF winter wheat were seldom oetter' YER
Southwest are distiuctly favorable, though
II Is admitted that there has been more OF
ess deterioration In Kansas through lnsec'
aud drought damage, nm
Chicago reported May dellV6neg Of $4,000
bush The wheat was put out by Pstten
and taken m by Armour,
But although some reaction in prices 90,
curTed vet the tone Of the market remalheo
arm throughout the session, The strength
Of lba Nav option was too apparent 70 be
ignored Bulls think II means higher pIloes
for The wh,ie list before the new crop natures
The foreign markets were irregular LAYER
pool was unchanged to I'd hlgher; bnds-
rae CoRS SITUATION.
Asin wheat, so in corr. May was he bright
particular star. lis st Sngth bra9sd up later
months, bullb gave buppOIl eud uuVy'olte
stop loss orders on the short side. AZ Kansas
Citv MAY rose two cents The weather CON
tlnues 10 delay field work. Receipts Were
sill snail and bulls are banking on the small
movement decreasing stocks and an improV-
ing cash demand 10 bring about higher prices.
May deliveries at Chicago amounted 70
80 600 bush. The corn was taken In by Patten'
Liverpool advanced Nd. The world ship,
men,s we're 4Oi9,j00 bush, against 2,1OObOC
last week and Oae 900 last year, The amount
on passage Increased ,oi5 900 bush 10 s,tl5,'
900, against s.9l5.O 900 a year ago.
TIM OATS FEATURES.
Oats moved upward with other cereals
Weather and crop reports were uniavorable
and the receipts continued light The cash
lnArkt al the West was &c. higher De-
liv-riss Al Chicago were 1900 bush.
THE SPOT Markets
Wheat less active, Sales. 10000 bush
mainly Tor export No. . red, lc. over May.
T. o. b. Shoat for export No. | Northern
Duluth. ilI5i;, No. . hard winter, llIt%i
Futures closed 3. TO &c. higher. Estimated
/ sales, /, 500, ,OOO bush
Corn dull Sales. $500 bush. No, mixed
in elevator, 7Sc. No > ( o. h.. 3 &C. Futures
closed i TO &C. higher estimated sales
10000 bush
oats dull Sales. sooo bush Natural
white, ~ to ~ lis ~ ,Gj9a. white clipped
50 20 81 lbs $50 % &C.. nllTed, 20 10 81 lbs,
d.. A .s,..,