The sun. [volume] (New York [N.Y.]) 1833-1916, 1915-04-01
THE GRAIN MARKETS.
Quteter Demand Lowers wheat
weakness in Coarse Grains.

The highest quotations in yesterdays
wheat market were at the beginning OF
the session. There was scattered buy
Ing for export account and some de-
mand from outside channels, but In the
ensuing trade the speculative and other
absorption was OF relatively small pro-
portions
Values sagged In consequence OF this
deficient support. The aggregate buy
Ing for export was placed at slightly
In excess of 100000 bushels. There
were some untitled inquiries here and
tho export situation was not analysed
as hopeless. as the markets abroad
ruled strong. Obviously less enthusiasm
was manifested over the possibilities.
FURTHER reports were circulated re.
garding the activity OF the British Gov
eminent IN tho wheat market. It was
clsimei that interests employed In an
Official capacity had recently purchased
upward Of 100000 bushels OF wheat
on the various exchanges and freight
room for the wheat had been engaged
at English points. The intimation was
made that other accumulation OF this
character might be seen. especially as
tho wheat was for shipment as far
ahead as August and September. While
some authorities declared that oats and
not wheat were taken In this manner
the consensus was that both grains
mad been purchased for governments al
sources. although there was still un-
certainty as TO whether the actual ship
mentS would be male.
crop advices were closely perused. but
the dispatches failed to have direct mar
ket enect yesterday. The forecast was
for undertaking temperatures through
| tho winter wheat territory and IL was
deduced that the dangers OF winter KILL
| inS had been experienced for this seas son
| A few drought reports came from the
Ohio Valley section. On the whole the
| prospect was still pictured as highly
| favorable and an excellent crop report Is
| locked for on next Wednesday. There
! seems to be gradual evening of COM
! mitments IN anticipation OF this and also
before the holiday None Of tho large
grain markets here or abroad will be
open on Friday
| Rather bullish statistics did not help
the list 20 noticeable degree. There
were clearances OF more than 1000. 900
bushels, with the total for three days
| reaching 100000. against 2.J000
| the previous week and l.400. 900 the cor
responding three days "A year ago. In
terror receipts for the same periods were
l.SS5,000 bushels. against 2,229. 600 ard
2.0ss,0OO respectively
| Corn.-The market lost the gains scored
! on Tuesday. There was duieter cash
demand and speculative buying was also
OF much reduced volume. II was thought
that many OF the tinld shorts had been
| eliminated since the beginning Of the
| week. There were claims OF increased
coutry pressure, but the najority of the
reports did not suggest that farmers
were eagerly disposing OF their holdings
Receipts amounted. TO only 100000
bushels, against 10000 n week ago and
$4,000 last year While the firm
cables were ignored and the reports
from the extreme south Indicating a
smaller corn area than had been counted
| OIL were viewed az unimpogtant, there
was rather less confidence among bears.
who stu seem to be figuring OF con-
siderable liquidation prior to the first
delivery day Oh May contracts.
Oats-The list again acted d.sa ppoint-
| ingly to holders Rumors OF expor, sales
OF about 100000 bushels were not con-
trmed, The buying power In the mar
ket was light and there was liquidation
| In sympathy with the recesslons in other
| grain. Large country offerings were
| depressing. especially as the home cash
demand was not commensurate. Indi-
cations are for more satisfactory
weather Tor seeding and authorities in
sist that the new crop start canno, be
regarded az a menace.
Observation-Disclosures weakness was as.
criDed to the hedging operations o.
packers. The hog receipts were liberal
and there were no signs Of an improved
speculative or cash demand. II Ia bs
lieved that the Chicago Board OF Trads
Will soon reduce Its unit OF lard trading
20 1873 tierces instead OF tho prevailing
basis OF $50 tierces