The sun. [volume] (New York [N.Y.]) 1833-1916, 1916-04-18
THE GRAIN MARKETS.
" heat sells O6-LarEe Houses
Iiauidate-Coru Firm.

Cross currents in the wheat situation
again resulted IN erratic fluctuations
yesterday. The list closed at moderate
net declines. In spite OF the general
tendency TO regard the foreign situation
as bear!sh because of large stocks OF
wheat in Argentina and Australia. m
por.ations OF $4,000 600 at United King
dom ports in the past week and the
belief among foreigners that literal
stocks in North America will be pressed
for sale very soon a substantial export
business was put through. The foreign
buying here for the session was said 10
be close TO 1000. 900 bushels. following
the buying Of more than 1000. 600
bushels on Saturday. This absorption
becoming extensive.
The speculative opinions are more
diverse at this time than at any other
time in several months. While most OF
the traders are inclined 10 regard the
poor winter wheat crop and the outlook
ot "A 10 to Il per cent. decrease OF
acreage In the Northwest as dominating
In the lis. Of market factors several OF
the large houses have apparently aban-
don.d tn. bull side. temporarily AT least.
because OF the belief that there will he a
heavy outpouring OF Canadian wheat
with the resumption OF lake navigation
ard the deliberate buying policy OF Tor
cign buyers will limit the advances in
IN. market AZ this stage.
crop ~el'ites s'ill 'ugs's' 'h'' the Yin.
has hesI severe and from many parts o.
~" s''' V'u'e" 0heai h'.t are repor,'
port. are tsnperei b tn. tnpD'eig- that
k'n.as nov promises :aoo","o9 bushes
bp I,' That better winter wheat reports
va come very soon as ,ht p,snt "a.
weather. Climatic conditions in the N9rth-
Farm movement, continues liberal. The
! 100000 ba' e. ssain.; / 40 900 wei.
s srp S0o q, wheat St"r total. So 800 .oo" bushes,
9 INST 80 900 900 a week ago and 1000.
week va 1900. 900 bushels.
C6s--rue s'.adines. In the market vas
attributed mainly 70 the teno, OF ne A.:
days there have been rains In the .har-
ves,,ng parts OF that country and 4 is
mates %, sbou, IS. 100000 bushels vii have
20 be further reduced. The shipments from
Argentina IN the past season were $50 .
Persistent ranors OF eNpor, business IN
American corn are heard and II 10 thousht
Ina, there would ne a fair business except
for the freight situate. sna light espsst
WI SAp' NJ 80
foreign absorption here has apparently
stimulated domestic demand.
Much OF the buying YESTERDAY N1 Tor
cash houses ana shorts. The decline In
wheat an not have IS much influence as
was tho case recently. The visible supply
totals %. 500, 900 bushes. against s $780,
| 600 In tho previous week and .s.ooc.ooo
last year
oats-The market was generally
steady. Speculative trade was mixed and
| guided mainly by the fluctuations In other
grains. Exporters were creiited with
taking close TO 900, 900 bushels OIL Satur-
day and about 400 600 bushels yesterday
II is understood hat the bulk Of the buy
ing IL In canadian oats. Crop advtces are
to the effect that IN. area has been In
creased IN many sections. but sowing Of
poor seed IN districts Is expected to load
10 complaints. The visible supply totals
| $500. 900. against 10, 900. 900 last week
and $4,000. 600 Il year ago
-oVIsions--Pricrs cased somewhat, due
to the large hog receipts and the Gov
ernnient report, showing disease losses for
the year OF only 60 per cent. against
! 10 per cent. the preceding year. the mum
Der Of brood sows In the country In
creased l.6 per cent. following a gain Of
D.: per cent. the previous year.
! Chicago prices: