The sun., 1909-05-25
THE GRAIN MARKETS.

New High Marks for Wheat. Corn and
Oats-Foreign News Again Bullish In
the Main-weather Here Favorable
--IlulIish Estimates-Corn shorts
Covered.
Wheat prices scored another sharp ad-
vance yesterday. May contracts again pass
ing previous high marks as usual OF late'
while July sold higher than during the Pat
ten campaign of last month, strong cables
furnished the impetus at the start
Although Hungary reported benef,cia' rams
causing big break at Budapest. the sltua
ton in Russia was described as crlticai ana
complaints Of dry weather came from
Italy and Spain. with predictions OF yields
smaller than last year's. Then. too. the
total world exports were not as heavy as
expected and tho increase in the quantity
on passage amounted to only 3s4.oOo bush
Climatic conditions in our wheat states ana
in Canada are still favorable. with further
good rains in kansas and Oklahoma. rms
was soon forgottcn. however, when bad re-
ports began to come in from the Southwest
with estimates OF a small yield in Kansas.
where Il is feared that more fields will be
abandoned than heretofore supposed. Some
reports estimated the Kansas crop at o.0o0.-
900 to 81, 100000 bush. while one crop expert
said that Kansas and Oklahoma combined
would not harvest moro than 6o,Ooo.ooo
On this early advance there was consider
able profit taking, which caused slight re-
cession. following which there was SEN
sational rally. carrying prices up to new
high levels. No change was noted in the
statistical position, receipts continuing
small and cash markets buoyant. Mime
apolis stocks decreased $4,000 bush. in
two days. Liverpool was' ga I'd. higher
Paris, 10a i5c. higher; Antwerp unchanged
TO I. franc higher; Berlin. y mark down to
mark up; Budapest declined 3hk. Bart
lett. Patten d Co at times checked the ad-
vance in July by free selling, but were re-
Lorted as good buyers OF September and
December. Shearson. Hsmmill Il Co. we're
reported az the best buyers. Others were
Slaughter. Finley Barrell d Co.. Logan
Bryan, Knight 4 McDougal. Clifford. Barrett.
Armour Grain Company was reported on
both sides.
Worlds wheat exports for the week
t}roomhal's igureS 9,Sts.000. including
2il2. 900 bush. American, against 100000
bush. the previous weeI and s.eos.ooo last
n,erior wheat receipts. $4,000 bush.
against e7i 900 last year. u.-,
kansfs IS sy sTsa Harr sa TO est%ate
Kansas crop this year at less than 10000, 900
bush and more than 73. 900, ,9oo, .r..,
rd Knsh had cs me n fSsSns saesS.
export value and market Influenced largely
by movement OF prices IN Chicago. Crop
conditions have materially improved this
and reports from the country are OF a glow
inc character. a high Canadian Govern
nent off1cial estimates there will be con
Assuming i to be 200. 900 at 20 bush. per
acre (which is not a bumper yield). it would
mean crop OF l5o, 0oo. 900 bush. 1t can be
Of hs ss'1 pFfsen must, hex
ever be borne in mind that the crop is really
grown In June"
THE CORN SITUATION.
Corn advanced on covering OF shorts and
vereIarser than expected and the grading
help the he seed already planted. even though
Is noted feaS ia advees rom Darts of ioWs
1t is expected too that the wet weather will
retard the movement. One reason for buy
Visible les supply. Which now amounts amounts to only MY
.ta2. 600 bush. against 3,j9o. 900 a year ago.
There is said to be almost famine of corn
od IN soms spsr places armour Grain Company
Patt en- & Co: Gardner, Paddeford and Lam
son.
THE OATS FEATURES.
Oats sold a. prices that have no, been
small. especially Of contract grades. I'm
favorable reports were received from
Kansas but those from Illinois and Iowa
we're good, Moreover, helpful rains were
reported. Still these will check further
planting and may curtail the movement,
although it is said that the high prices are
attracting larger country offerings Profit
taking sales on the advance caused q slight
and temporary recession. Armour Grain
Com pany and Peavey Grain Company sold.
Buyers: Shearson. Hammill Co, Logan
4 Bryan. Roberts, Edwards. Wagner,
Marfield Buckley.
THE SPOT MAHKETs.
Wheat strong and inactive. No. . red.
4 o. b. S.45
Corn strong. without business. No.
mixed in elevator advanced to s5c.: others
unchanged: No. ? mixed (. o. b. size; No
= yellow, {. o. b. s2i.c,: No. white, f. o. b.
stiac.
Oats were much higher. with small sales
Official closing prices on track: Natural
white % to rs lbs. 81: :d65c.: IS 10 40 lbs
s, "a 6sc.; 20 TO ac lbs. 6sd67c. White clipped
~ to 3s lbs, 6Ia csc. 3s to 3s lbs q, 85 |, nssc
g. l. f. Buffalo; Buffalo, 98asi nominal
C. i. (. New York. and nominal (. o b. New
York
Barley Mailing, nominal. Flooding.
nominal s0m soc. g. /. f.. New York. F,I
hara fx,lI,