The sun., 1915-03-27

really heavier than tn. declines for the
day suggested. The offerings through
commission houses seldom ceased for an
apprcciable time. VI was evident. how
ever. that the support In the nature Of
short covering was Of effective proper
Tons The wheat market has been a
more TWO sided proposition for the last
several days on account Of the tenor of
the political dispatches and the realiza-
ton That this country has laid the foun-
datloli Tor another great crop. There
was also moderate buying for export aC-
count with transactions for the session
iisured at moro than 800, 900 bushels.
Tie weather conditions remain gen
orally favorable. There were freezing
temperatures in many parts of the Wet
ana southwest over night. as hal been
forecast, but no severely cold weatht
was reported over any important area
and the outlook was for mildcr cond-
tons. According to unbiased organs
there has been more or less freezing
ana thawing. although generally the
prospect is regarded as extremely favor
able and not greatly under the excep-
tionallN high promise of = year ago
The statistics We're without market
influence. Exports of wheat and flour
from the United states and Canada
amounted to s.s26,000 bushels and since
July |. total. 3o1 .OOO,O bushels
against 10000, 900 "A year ago. The
United states contributed about $780,
100000 bushels to this duantity. Ar
gentine exports for the week were about
5.2Oo,o0O bushels. and shipments at
about this rate are looked FOR during
the next several weeks from that coun-
49,.
Corn--pespte assertions that the
market had been well liquidated. there
was evidence Of further unloading for
outside holders yesterday. I, was OBJ
vious that the selling was inspired al
most entirely by the break in wheat.
There was mention made Of lower Ar
gentine quotations and also of the prob
ability If an early movement OF new
corn In that country. hut nothing par
tculaflN fresh was disclosed in this
news.
Exhaustion Of marginal account. ex-
piained part OF the selling and II was
admitted that the decline, in the list
would have been of greater magnitude
but for the dilgent short covering.
Many bears are still extant. yet liberal
profits are not being overlooked, espe-
cially As the decline has caused farmers
to hold stubbornly and also has been
instrumental in an expansion of the do
mestc cash demand.
The interior receipts for the five days
of the week amount to only 1926. 900
bushels. against 2.l47. 900 the preceding
week and 1921 900 a year ago. The
Rrddstreet's exports for the week were
100000 bushels, and since July reach
:i.oOo.o00. against 100000 bushels a
year ago.
Oats-The principal pressure WAS
again IN the near months. hut there was
liquidation through the list. Il -
realized that cessation OF the war
operations abroad would be a vital
factor in the oats supply and demsni
situation. The commission house pres
sure yesterday was extremely heavy at
times. slight rally was seen with oc-
casional short covering. partly OF rumors
Of a big export business. IL was gen
orally agreed. however. that much OF the
l,iO0.ooo bushels claimed for export
represented previously reported busi-
ness. The larger receipts are depress-
ing the list at present. Since the be-
ginning of the week the movement totals
i.,sO 600 bushels. against $4,000 the
previous week and 3.231.000 last season.
provisions-lt was said that peace
abroad should result in larger export
trade OF all hog products. The news
yesterday therefore paved the way for
considerable buying. which was partly
for packers. The belief prevailed that
the market IL in a stronger technical
position than has been the case for some
time.
Chicago nric.S