The sun. [volume] (New York [N.Y.]) 1833-1916, 1916-03-04
THE GRAIN MARKETS.
stronger wheat Tone-Crop and
Export Advices Burlish.

Export Advices Bullish.
Inc developments Of yesterdays wheat
session served to take from the conf
dence Of those who were not friendly
20 the list. There was a distinct I'M
pruvernent In the export call and a large
domestic hour business was still under
way. Private reports from milling cen-
tres were to the effect that some Gus.
TONERS wcre willing TO place orders for
their hummer needs at about current
quotations. fearing an advance at a later
GATE when, at the opening Of the crop
season. winter damage could be better
determined. and because Of the political
news. which did not suggest an Imminent
soatement OF the hostilities abroad.
Foreign buying OF wheat during the
day wa estimated at more than i.5o0.-
600 bushels. Of which more than a
million bushels vas Canadian wheat.
mere was really an urgent demand from
abroad which. however, could only he
partly nlled. due to the railroad embar.
goes and the scarcity OF vessel room.
Bid for wheat from abroad we're raised
tnree cents In instances yesterday and
1t was presumed that foreigners were
more concerned over the submarine cam.
paign than OF late. Serious interruption
to shipping would be construed bearishiy
" 10 ktfNtS ~ tti'ukn WEtdl
In the United States and Canada avail.
able Tor export to require unobstructed
outlets II the surplus IL to disappear.
The new crop situation Ia really the factor
which ternpers bearish enthusi asm at this
time. While much - heard OF the probab,llt,
OF 2 oearish farm reserve report on March I
and OF the period for q crop scare being early
u is realized that the trade has been pre-
farm stocks and the ,eror Of Tho crcp a.,
counts Is such that u bad scare seems certain
The Vodern Nu'er IN its weekly summary
50 per cent and that several Of The bis white,
wheat yielding S'atcs had suffered material
winter kill Some authorities venture the
country will do well in the coming season &c
have Jco."S.ooo bushels OF winter whest
aca'net the average Of the past two season,
Of approximately $50. on. 400 bushels
Brods,reefs exports. OF wheat and Nour 70,
the week were S.:po 40 bushels. against $500
:" = year ago The total since July I 1,
sNs."oHo bushels. ag ainst 80. nGo. 0po last year
Arscntine exports for the week were onl,
$500" bushels, against t.ico .Jo a year ago
exports since January ! total li.55o.oo bush
els. compared with II too. no last year.
Corn After oper,ng s,eadirr with when,
and on the official admissions. that the Ar
eentine crop had h~en materially damagcc
and other s'eculative pressure A fair rail-,
ensucd. however. There was cons,jerahi.
short covering, due to the upturns In Other
grain and on the reports that a large expor,
business would he put through but for IN.
embareoe- at railroad centres and the tnaNil
NV 20 secure ocean freight room The con
Ecsted shlpping conditions. however. ,o much
on me whole 10 limit the enthusiasm on the
buying side OF this market.
kc,eirts o. corn at int erio- proir's arc s'il'
ABOUT double the sire of the movement last
year, and II, IL believed tina, farmers Wi,
continue to shin their low grade corn rattle,
freely quite aside from tho question Of price
with the approach OF warmer weather The
exports Tor the week were only &1o.9 -. bushels
against s.sis'oo last year Sine jaw The
TOTAL 10 100000. sgsins, i9.NC. 90 a yc1r ago
Oats-The market moved irrsg1i'ariy. los
Ing frm In sympathy with Other grains
| Much OF 'he buying Was SAID TO he for shorts
II was said on rood authority tina, 'hc -
ported exnort business OF e.on.n0 bushe II,
covering the business. Of "Wednesday AM
Thursday vas not exaggerated. but thai ,her,
was no ertderr Of a large bus ness havins
passed. yesterday. Country offerings of oai,
are light despite the heavy farm stocks.
| PROVISIONS "A further speculative ,iemsrc
vas noted Purchases " lard arr t+ing urge,
on the theory that II 10 the chearest OF N.
ereases Cash trade In meats II Of good p-o
gorions. The hog movement IL only ia.r
Chicago prices we're: