Atlanta Georgian. [volume] (Atlanta, Ga.) 1912-1939, 1913-04-13
Longs in Wheat Seem.
0pposedby Conditions
Hot Winds in lie Summer Only
Hope They Have Left-Farn-
ers Themselves Not Holding.
ST. LOUIS CASH QUOTATIONS.
By JOSEPH =. PRITCHARD.

CHICAGO, April 12.-The only pos
sible loophole eft for the longs in
wheat is hot winds in the summer
with the consequent damage to the
growing crops. From every section
Of the winter wheat belt and from the
best authorities the one word perfect
covers the situation. When the fact
is considered that primary receipts
have refused to fan off to the figures
Of last year. il shows that farmers
are not. anxious TO hold any great
amount of grain when the crop prom
Use is the best ever known.
Messages received here yesterday
and earlier in the week from nearly
every crossroads in the Southwest
say that while in some sections the
plant is small, the recent rains have
been Of great benefit, especially In
the State Of Kansas. which is ac-
knowledged as the banner State of
the country. The April Government
report indicates crop of l20,0O0,O00
bushels for that State. There has
been some fear that the seeding of
wheat in the Northwest would be de-
layed by unreasonable weather. but
this has not developed.
In addition to the bearish crop news
may he mentioned the lack of trade
IN cash wheat. While the markets
Of the Old World are ruling steady
there is some inclination TO weaken
the nearby futures at Liverpool.
The situation in corn II certainly
stronger than IL has been for some
weeks although word goes around
the corn pit whenever there Is any
pronounced selling that the bull side
iu that market Is throwing over the
MAY and that they are rctrcuting
from their position. The writer knows
that the bull or cotton crowd still
hold considerable Of the May future,
and that they are likely TO play the
market for a good advance
The situation In oats will show no
material change, as sending will pro
coed ana price changes VIII contiue
narrow
Hog products are likely TO reflect
the hog movement to the leading
Western. markets, coupled with the
cash trade in meats and lard.
According TO the head of one Of the
leading grain houses IN the chicago
trade the foreigners were liberal sellers
OF long wheat here to-day ana they were
willing to suffer Losses In order 90 ria
themselves Of at least part of heavy
load The weakening Of these foreign
holders was probably the reflection OF
improved crop reports from Russia, the
freer offerings OF The cash article by
the country and the report as published
to-day Ia The Modern Miller, In which
was get forth in glowing terms a story
OF the most favorable crop prospects
eevr known IN this or any other coun-
try.
There was considerable wheat sold 90
shorts to-day and there was some buy
ing on investment account, but the sell
ing overhalanced the buying TO such
degree that resting spots for the day
showed losses OF = for May and July
and nearly lc for september Commits
sion houses favored the May corn fu-
ture to-day. while the selling was scat
tered throughout the entire trade. The
shipping trade was exceedingly lgAt,
with only 55 900 bushels reported.
May oats displayed considerable weak
ness and Yielded readily under the light
est kind OF selling. The deferred months
showed am easier tone, with a lack uf
outside buying 4 few days of sunshine
would doubtless change the matter of
sentiment In coarse grains
The small advance In the price " hoes
az the wards caused some buying OF hog
products IN the pit ana sellers We're
rather cautious which admitted % a
stronger market all around with the
pork displaying most strength