The sun. [volume] (New York [N.Y.]) 1833-1916, 1908-03-29
TIE GRAIN
Prices D~eclIne-CFOp News Generally FS'
yOrable-KAnSas stil Dry, However
Corn Grading Improving.


Again wheat took a downward course,
though for q time at the opening prices WerS
sustained, especially at Chicago. by the alb
sence Of moisture in Kansas and Nebraska.
This caused more OF less new buying and also
a certain amount OF covering.
But With the crop news In the main Of .
favorable tenor. Liverpool weaker and the
cash trade sluggish the generality Of the
trade were disposed TO sell and prices speedily
gave way. PIT traders hammered and I'M
covered stop loss orders. Bartlett, Patton,
Armour. Darrell and other prominent interests
were reportedto nave sold.
Cash prices at the Northwest were weak
and selling orders came from that section.
Good rains were reported at the Southwest,
aside from Kansas and Nebraska, and glowing
crop reports we're received from exports In
that section, Favorable reports came from
the Northwest in regard to seeding.
Liverpool declined I'd, Influenced by larger
offerings. easier American markets and larger
first hand offerings Of Plate wheat. Paris de-
clined = to &c. Berlin, &c. and Budapest. &c.
The worlds shipments were stated at
s,5SO.OOO bush. This was smaller than In the
previous week. but exceeded last years
figures by more than a million bushels. The
amount on passage decreased 1900 o bush,
but the total is still more than 100000 bush.
larger than a year ago.
At times there was more or less buying on
the droughty conditions in the important
States OF Kansas and Nebraska, Moreover
no moisture was predicted and some believe
that unless those States receive q good preclpi-
tation shortly serious damage IL likely to &C.
cur. The receipts continued light.
The trading. however, was narrow and
mainly professional, with sentiment among
the rank and tlo rather brarish, owing mainly
to the favorable crop outlook In most parts
Of The winter wheat region.
In discussing the situation Oscar X, Lyle
said BY July tr,ge will be great lessening Of
Argentine exports. Europe will continue
10 want 1890, luO weekly. She must have
IT, On this COUnt:y will ial the demand in
July and 'upust. II does not hSppen one
good crop lJ.l'N lrg a scarcity makes low
prices. IN e. ,J.porisIn with prices OF last
year one raat not forget those OF last year
were mac, on t'e lgI gest OF tho EOrld'e crops
aud the ] .TEtt ~ ever MAD" IN the United States.
A large crop Is wanted this season. IL IL net
yet TIM TO CSprak II. Tho spring seeding
II IN It's begtuHlng aud We all know our lnain
surplus is lHlsrd IN the Northwest Especially
IN that uuuI,r VIII Il 'TOp come 10 practically
exhausted supplies. The recent running OF
mills and their lNrgt output Of hour certainly
looks ike there was e JrnlilId Tor the manu-
featured product despite the statements 10
the contrary. The receipts Of 80 much winter
wheat IN Minneapolis tell a story, Mills are
using II to make their supply of spring wheat
carry them through. 10 IS d recognition OF
scarcity m spring wheat that has made this
Corn declined owing 70 the break In wheat,
favorable crop reports from tho Southwest,
an Improvement in the grading and liquida-
ton, attributed In part 10 lending bulls. The
cash trade was dun. Liverpool declined "a.
Oats we're easier With the rest Of the list.
The trading was extremely duh, but there was
scattered liquidation anu e certain amount
OF short selling. Bullish reports in regard to
seeding had no effect. Tie cash trade was
quiet.
THE SPOT Markets.
Wheat quiet. Sales, $4,000 bush. No. ?
red. ne. under May, /. e. b anoat for export.
No. northern Duluth, Sis. 10. ? hard winter,
Sl.Il. Futures closed 10 &c, lower. Esti-
fnntad aalea 1 OOO OOO hu.t