The Paducah evening sun., 1910-03-08

believes there will be a surplus OF
I5S.O00.000 to carry over into the
new crop year July /. Farm re-
serves In Minnesota and the Dako-
tas he places at 100000, against
only 81 900 eco bushels last year at
this time.
Primary receipts in the northwest
are running heavy. and the total of
all points is much in excess of those
of a year ago. the excess being we'll
lup to 100000 bushels for the
week The movement in the north
west is indicated by the fact that
stocks at Minneapolis increased 60O,-
600 bushels. compared with n de-
crease of $50. 900 for the CORES
ponding week last year.
Foreign Crop Reports Watched.
Foreign crop reports are being
watched with lively interest. The
Liverpool Corn Trade News, in its
latest summary of conditions. gives
a favorable outlook to the United
kingdom, Russia, Germany. Rouma-
MA and Hungary and less rosy pros
poets in France, where the floods
have had a serious effect in some
quarters. There is a heavy move
ment to the Russian ports. but there
are intimations of a lighter ship
ment aggregate in the interior.
Millers are not taking cash wheat
literally. preferring to wait new
crop developments. that they may
get a better line on the outlook.
About half the mills OF Minneapolis
are in operation at present. Okla
homa's state crop report shows a
good percentage of condition on an
acreage said to be 1S per cent larg-
er than that Of last year. Premiums
for cash wheat have been dwindling.
Argentina shipments were 4.1S4-
0GC bushels. compared with $780,
1000 bushels a year ago. Clearances
of wheat were 2.O45,0OO. against p
I679 900 bushels last year and l.
S64. 900 last week. Australia ship
ped 2.t60.00O. compared with I Il
224, ,OO0 bushels year ago.
| Corn Market Weakens.
Corn weakened last week on COM
paratively heavy primary receipts.
although these are not so large as
year ago, on a very poor cash sltua-
tion and on an absence of an influ-
ential export business in this mar
ket. New England distributors were
able to get all the corn they wished
from Buffalo and Peoria on better
terms than those quoted from this
lefty.
There was a good lively market
learly in the week, but the later
lslump in wheat took the life out oil
corn and brought a wave OF heavy
'selling not only by tired longs. but
by shorts. There is general belief
that softening weather and bad
roads will cause a falling on In the
primary movement, but this factor
is more anticipatory than real and of
little current value as market in
II fluence. Shows report on corn re-
serves makes the figures I,06O, ,OOO.-
900 bushels or 3S.7 per cent of the
crop of 1903. In the seven surplus
states he believes the reserve is
las, 100000 bushels in excess of
that of year ago. For the week
there was an increase in the visible
of 1.1S6,OOO bushels, compared with
q decrease of 100000 a year ago
Clearances have aggregated 1873 900
bushels, against 100000 a year ago.
The weather throughout the corn
belt was not the kind which encour-
ages the owners of low-grade corn.
The effect is to force sales earlier
than normal business plans would
suggest, even at q sacrifice.
| Long Interest Nation-Wide.
| The long interest in corn extends
from coast to coast and from the
gulf to northern Canada. The once
handsome paper profits shown on
the credit side Tor the longs has
faded to insignificant proportions
/ during the declien of the last few
weeks. Bears are now predicting
there will be 100000 bushels of
corn in public elevators here by May
II.
Oats lost ground in price with
wheat and corn and for much the |
same reason. Longs grew tired of |
their burdens and tossed them upon
other shoulders. The shipping de-
mand has been fair at the lowering
prices. It was a market without
color or incident of note. SNOW