The sun., 1908-12-20
TEE GRAIN 'MARKETs.
Prices Decline-uveTpO0 Weak-Cad
Trade Dhl-EieVatoF Interests Sci
l,aHn

Prices Decline-uveFpO0i Weak-Cash
Trade Dml-EievatoF Interests Sen
| Corn.
Wheat closed lower owing mainly 10 veal.
ness In Liverpool, favorable crop accounts
bear hamm crlng and liquidation.
Bears we're encouraged by the action n,
the foreign markets. Foreign crop reports
OF late have been In the main 80 favorabla
that Europe shove no apprehension over
the question of future supplies, despite lin.
favorable crop reports from this countrr
aud claims that American reserves are in
many sections nearing exha,Istion. -e.
levers In lower prices In many casss
believe that all attempts to bring about
material advance In the absence OF brIsk
foreign demand for our wheat are bound to
prove futile.
Liverpool fell equal to = to &c. and Buda.
pest ino.. while Antwerp was unchanged
and Berlin unchanged to 5 -i8c. higher.
The weather In Argentina was favor.
able. being hot and dry, and here is notice.
able tendency ON both sides Of the water to
increase estimates OF the yield In that coun.
try, and the belief Of not few people here
Is that the Argentine exportable surplus
will be not far below the figures of the season
now drawing to close.
Moreover. the receipts at the American
Northwest we're relatively large, amounting
to 429 cars, against 3ei last week and 80 1000
last year, and the stock at Minneapolis in.
creased 5000 bush for one day. t
Armour. Pringle, Love. Barrell, Logan
and Peavey sold.
larger at 1921 900 bush. against $780,, 900
last week and 1891 600 last year, fhe
amount OF passage increased 32o 900 bush.
On the other hand, although some i'm
provement has admittedly taken place
In winter wheat crop prospects in this coun-
try, the reports in many cases go TO show
tRe ave average and that n most o. % sections SftS
the acreage has been reduced. As there
is almost Invariably decline in the con-
dnnf n ib tae %nsr
ment. bulls think that it is toierably clear
that. the next. yield of winter wheat will
a far 5eGT the sse Grop s aoss on hs
by the reports OF exhausted supplies thers
IS more or less buying for long pull
On the decline Yesterday too there was
Many ore bearish on the absence OF export
buying and the favorable crop reports.
but there is noticeable disposition to cover
by strong Chicago. people
Yesterday Winnipea's receipts were
smaller than on the same day last year,
being 271 cars against 270.
THE CORN SITUATION.
Corn declined owing to persistent selling
by elevator interests, who are apparently
OF materially lower prices ulti-
mately. The cash market at the West
continued dull and weak. Liverpool de-
cined &c. to lc. Armour sold Mar freely
The world Is shipments for the week
increased TO 4 4,040, 900 bush, against 2.702, 500
last week and 2.8As.OOO last year: The
amount on passage increased $4,000 bush,
THE OATS FEATURES.
Oats declined owing to the depression
in corn. larger receipts, selling. by cash
interests and scattered liquidation The
ca sh market was dull and heavy. The
only buying was to cover. Armour, Warren.
knight, Wagner and Marfteld sold freely.
THE SPOT MtRKETs.
Wheat was dull. Sales. 10000 bush
No. red, si.O7II I. o. b. afoat for export;
No. / northern. Duluth. $t.I8k; No. 2 hard
wiuter, sll3ss. Futures closed &c. to 'sc.
lower Estimated sales. $1,000 bush
Corn was dull. No sales. No. 2 new,
mixed to arrive. 64afc. Futures closed &c.
10 &c. lower. Estimated sales, "a, 900 bush.
Oats we're dull" No sales. Natural white.
70 to rs pounds. 54m5sc.: white, clipped.
n to 80 pounds. 5eS@5s11c.; mixed. % to
Rye was quiet. No p Western, 77c.
Q. /. Z. Buffalo.
Buffalo: feeding, 6O1eic. c. i. (. Buffalo.
fnIln