Albuquerque evening herald. [volume] (Albuquerque, New Mexico) 1911-1914, 1911-04-12
CROP OUTLOOK FINE
FOR WHEAT YIELD
Enough Rain in Producing
Belt to Make Grain Certain /;
Confidence Lacking Among
Spectators.

chicago. April IL Excepting some
temporary nrmn,ss IN European mar
kr,s, based on rather doubtful un-
favorable crop news In Germany and
| Russia. nothing developed last week
To rcNiv" confidence In wheat values.
/ New low prices FOR the year were
/ reached. but u rebound occurred be-
caus" of eNt.nsiv. short covering. and
} Indications of renewed manipulation
In the Chicago May deliveries NAV
wheat. both in chicago and Kansas
city. sold M ,o q cent or more pre-
MUM over the July. after having
dropped temporarily Ia discount
CLOSING prices yesterday were 5.sc
higher for MAY and 5-Sc tower for
july than a week ago. The Kansas
lCity May price showed a gain 1T 1.s
"a L. ana tn. july loss of use tor
the week
tn" Tightening up IN tn" MAY de-
livery Was du" partly To smnll re-
lceipts. partly Ia som. signs OF an i'm
proved min demand aud partly To- IN
ldicatiuns Of q moderately lare. con
lc"ntratcd holding of Chicago MAY
wheat which might cause troubl. tor
shorts. though II * considered
doubtful whether any serious attempt
AT prolonged manipulation VIII be
made under existing conditions
CONSIDERABLE. spcCulntiV. buying ap.
pears to be- going on bN traders who
ar" Influenced ny tn" low prices and
the probabilities Of crop scares arising
from ON" cause or another. and this
same consideration has prompted eN.
tenSiV" short covering The market
shows the sustaining Influence of This
class ~ buying,
The moderate receipts also make
short sellers rather timid even
though they are confident that prices
must =" To- an export basis soon or
hate,
The movement of winter wheat las,
week vas about normal for this tim.
Iof Npar spring wheat receipts
though about 80 per cent short of n
wear ago. were larger than two years
ag" ana almost up To- thus. of the
corresponding week three years age.
The trade Ia ,ar-lots at all markets
drags, Though the supply - not quite
sufficient Tor current milling demands
aud Withdrawals from store continJc
at an markets.
IN. weeks wheat movement ind
Gates ~ decrease of about = million
bushels iu Mondays visibl. supply
statement \ year ago there was an
increase ni lrS. coo bushels Kansas
civ stocks decreased about aoo 0nr
bushels last week. compared with
-. oa0 bushels decrease a year ago
Minneapolis and puluth stocks last
week decreased lSi, 00o bushels. com.
pared with AN incrcas. of $50. 0ot
bushels Ia TIA" corresponding Week
last year. chicagos wheat receipts
hast week wer" 3S,0o0 bushels NOR,
than shipments. year ago chicago
stocks decreased 2ao,0 900 bushels
In IN" crop situation there Is moth,
ing To- encourage buying OF wheat
TN" weather rs TIA. sort 10 make IN,
winter wheat outlook incrcasingl,
promising
In the spring wheat states enough
rain or SNOW fcll last week To- furnish
iaN"rapl" soil conditions Tor sprinp
wheat sowing and termination. Their,
IN an uudoubted deficiency of reserV,
'muls,urr 10 the Dakotas. and frequent
rains viii b" necessary I" make u
tor anxiety ON that score.
Ia the corn market "A considerable,
volume of speculative buying has de,
Nriop'd based on the relatively LOW
prices and on tn. theory that th'
movement from IN" farms is likely I,
be small during the next few weeks
uf greatest activity IN farm work
Prices Yesterday we're about a cent
higher than a week. ago. except IN.
Chicago M, uuetation, which was uI
= cents
Last weeks corn receipts w.r,
small onl, 1895 az three western
markets compared with ,,l3' cars ~
IN. preceding WrrA and LOS cars q
year ago. II is thc season FOR mod
crate movement The current re-
ceipts appear 1" h, fun, equal Ia re
quiremsnts thicago's receipts las
week Mere 3ts.oO0 bushels In excess
of shipments. Kansas cts stocks de
creased slightly, Foreign markets eN
hihi'ed some strength, though mo-
lrnough To revive export business.