The sun. [volume] (New York [N.Y.]) 1833-1916, 1915-03-18
THE GRAIN MARKETS.
wheat Weak Agntn-Corn mud
Oats Also Down.

INV tFAC az AlfT tlilt - ~ 'f'
large Western elevator people are cred
ted with having sold considerable wheat
since the opening OF the week and con
tinued their liquidation during the ecs-
sion Of yesterday. Nothing definite was
learned as TO the basis of this attitude,
hut the impression was that It was as
ISOLATED with the Dardanelles situa-
ton It is a fact that English buyers
have not been in the market for our
wheat for several daye and their bids
when asked for were found to have been
more than ten cents out OF line
The pressure yesterday was more OF n
scattered sort, however. Many outsiders
were discouraged by the visible elacken-
ing I'm the export trade II was difficult
to confirm more than 200. OO0 bushels az
representing the foreign takings The
eNport situation at The same time was
not entirely without its bullish fca-
lures. \ few fair sized Inquiries were
traced toward the close ~ the session
and there have been Inquiries in The
Hour market for about 800. 900 barrels.
1t IL understood that 100000 barrels Will
have been actually bought fo' export
prior 10 the expiration OF this week.
Foreign markets did not furnish any
incentive for trading operations % I'M
portducc. Private cables told OF Liver
POO being influenced by the prospects
of liberal Argentine shipments f'r the
week and hy the progress being made ir
forcing the Dardanellcs. Vet there
were direct dispatches from Russian CEN
tres TO the effect that merchants I'm that
country We're not anticipating an early
opening OF the straits and tina the
stocks Of wloa; AZ the ports were light
These contradictory statements led some
OF the large local traders 10 hesitate
hcf rc .Ccepi.ng any of the reports cpu-
Ccru.pg IN" pdrdanclles.
There was no denying III" furthc-
weight of the crop news, however TIL"
deferred deliveries were sold freely at
;im"S on IN" bearish accounts and Il
Ms not though, that al this pressure
WIS FOR .ong accoun several author
iti-s have advised that the winter killing
N tho winter wheat belt has been really
unimportaut thus far and that the nv
Infested area as compared 20 the whole
was .ncousedu"nt.al Nearly all sect. NJ
have had sufficient moisture. The price
current Joined IN such remarks. The
Chicago DuiIu Trade Bul'tiu had 70.
ports suggesting an increment in the
spring wheat area OF close 10 % per
cont. about 100000 acres represented
~" spriug wheat area last season.
Toward the close of the day renewed
complaints OF the cash wheat being hard
To- procure and the realization that pre-
miuns had not been disturbed much as
y"t by the slack-ned foreign buying
caused an improved demand for options
There we're runNrs hat Minneapolis
mills were thrcatcuiIc to ease grinding
for a period because of the scarcity q.
the actual grain. some -four Interest.
regarded such aIvices A. premature.
toru-Thc weakness in THIS narke'
was aS,rih"d 10 the quoting Of the cas-,
demand. Speculative interests Wei" 10
Inclined % furnish much support Ther.
was short covering on the declines. bu
1s q rule the bears We're confident aut
i1 no hurry TO change Their position
n - youterdcd that until the stocks de,
crease more rapidly co. until May deliv,
cries pass freely the market viii NEE
with opposition on all advances. 4
large export trade would doubles,
.saUse the situation somewhat. but IN.
foreign inquiry nj tbs tim = very linn
tied The excellent crop conditions IL
the Argentine are maintained. Move
= uol; Of corn NJ domestic Joints has in
creased slightly iu reflection of IN
better road conditions although a rrea
deal IS heard Of farmers being dissatls
fled with IN" price level Planning u
an. new crop : reported N parts % tn
extreme Southwest
There was considerable huvlnl
for export account during the morning
! ana scattered speculative" demand. 'u
the market gradually declined i'm sNmua
thy with IN" reCessiuus in other grains
: Slightly l.trga farm offerings were mo
I with which offset the improved domesti
cash inquiry. Opinions differed ds to tn
! actual foreign takings. hut conservative
8 ilgurcd the huu~iuegs OF Wednesday au.
Thursday AZ r,usr t. 2.n01.1 00 bushels
Th"l" was comment made ON the f.,
, that tie South Will haV" the greatest oa
! acreage cN.. reported from there
Provisions The quiet cash aud Spe,t
I lat.y. demand served 70 keep the under
tone easier. Hog receipts were fan
= Further reactions in the grain market
were a depressing factor.