The sun., 1909-02-28
THE GRAIN MARKETS.
Wheat Easier on FRONT Taking AFTER
Recent Advance Gables strong and
HIGHER

After an early advance long" liquida
ton Of the May option helped TO put dowr
the price of wheat THE bulls would be
fools not to take some OF their profits II the,
got the chance, was one comikent They
didn't buy wheat for their health. The
opening was strong. with May shorts cover
ing freely, There is a, bW short interest
IN july also. Patten brokers were sup
sss q Hsssd ssnF FSrnse f1S and Ssf kdsOn rS sold
July. There was heavy trading IN July
comparatively little In May. oo
"Gnipeg Il < GndeTsioSd nd aeop, tSerD
we're worked for export on Friday through
Montreal houses. At Minneapolis commits
sion houses were buying May; There were
some big orders. Antwerp has advanced
Budapest was unchanged to &c. higher.
Berlin ended unchanged to 4 mark higher.
ssteE os "a a bSbe S az S hc
day. Paris. closed steady and unchanged
stock decreased 10000 bush; IN one day
favorable. A considerable decrease in the
visible supply is expected and drop or
100000 bush: In the world's shipments
Chicago sold 10000 bush. No. 2 red at &C.
News from the other side could well not be
more bullish. Not only Is Liverpool strong
and higher but dy dhesyy trafns nSsra ~ Eses
ceased to look for the selling out point OF the
bull leaders. Cash wheat prices keep gaining
on futures. The market has been up sew
setback appears to be due. Longs should
at least protect profits on the kird OF an
advance recorded. but on a natural break
buyers scs are kely to tske hHd S9Ss aga 3pS 3n
case OF bull fever. and until II rurs IL.
course the market will continue a one sided
affair. However. we cannot consistently
advise purchases at present prices OF July
from, crop outlook and supply and demand
standpoint are entirely unwarranted.
Chicago reeeipts-i7 cars OF wheat and
Iss expected Monday; ass OF oats. and 252
tomorrow.
THE CORN SITUATION.
Sympathizing with wheat. corn fell.
The corn, was well taken. however. The
ended I'D. to I'D. net higher. The offerings
were light at first. Unexpectedly large
receipts acted as a deterrent on buying.
A Chicago despatch said:
by simply not offering their property for
sale as expected. The big movement lasted
but few days and already there Is a falling
has been sufficient TO justify longs in taking
profits. and the hard spots In the market at
this level, with plenty OF corn ready to move.
should invite selling for a reaction" Logan
& Bryan were the best buyers.
THE OATS FEATURES.
Naturally this grain reacted with the rest
of the list, especially as II u not at the
moment very popular card. Country
houses sold at Chicago The crowd seemed
TO be loaded on the long" side. Consider
able long" oats finally came out. Barrell,
logan, Clement. Curtis and Cudahy we're
the largest sellers. The buying was scat
tered among commission horses. Cash
people bought. 4 Chicago despatch said:
1T continues to be bootstrsp affair
Wheat closed steady but quiet. No.
red winter, st.251+ in elevator export and
i 2si. domestic. Total sales; 800, 900 bush
Manitoba, Montreal and Winnipeg late
Friday.
Corn was quiet. No. mixed. 7I15c. in
elevator Oats were steady but quiet:
Natural white. 20 to 20 lbs. 5Id5sn &C. Ar
yentine 55c, in transit and 5+isc. shipment
irst halp OF March.
nt, fAIln~as