The sun. [volume] (New York [N.Y.]) 1833-1916, 1916-03-18
THE GRAIN
wheat Declines ON Foreign weak.
ness-Corn Lower.

INC demoralized conditions prevailing
:" me English wheat markets extended
w. uo"ieStic centres yesterday, although
w many quarters the attitude was one
OF indifference toward yielding 10 tho
r"u OF the advices from abroad. Prices
we're slowly lowered. however, and the
e.oSe was weak despite the receipt OF
'no'ncr patch or very u%nfavorable crop
counts. The Modern Miller reported
maj thousands OF acres of wheat in
ieNas had been ploughed up, witt, indi-
Ii.ions or considerable land to be aban-
"oheu IN the Central States. This organ
~ received many reports OF winter
hiiI ana OF weak stand of no plant in
sonuhern Kansas. Illinois and Indiana.
me break In the Liverpool market
yesterday was 3 to &c. n bushei. I,
us associated with political optimism.
rurther adrlces circulated OF dlplomats
eildeavoring to arrange for n sena ra,.
peace Tor Turkey. Tho cables stating
nat forty-four German merchantmen
mad been seized by Brazil were hear
ishly construed. 1t being assumed tina,
many oil these vessels would be utilized
l"r the transportation OF grain from Ar
gentira.
foreisn selling OF wheat futures on
,nS sue was undated and the short
interest in Chicago and Wjnnipeu ,n,r-
kets for foreign account ,s said 20
amount TO several millions Of bushels
me belief prevails that some Of this
~ .nt"rest IT, speculative but an i'm
psa,ns,, par Is ais IN the nature Of hedges
asainse gram held In Argentina ana Aus.
.sa.ia Houses abroad must avail them.
ives OF me American markets for hedg-
Liverpool, and none Of importsnen nt AZ
olher foreign centre obviously these
lodges must DO bought back. and there.
lore the wheat market will have an added
puyins source In time 60 come. blu, il h,
u question as to how much additional pres
raI OF ms sort the markets here Will be
Vareu upon TO absorb in the meantime.
Thcre was no important export buyInr
OF domestic wheat yesterday. Resciline
and for operators Who mere wiling 70 bbuv
Wheat az price, receded. on the theory
.hat The next winter wheat crop would lie
short Brads,rcet's exports for the week
were a,765.000 bushels. against $50. 900
IN me previous week and $4,000 last
SeS Goo Sine September ! III. total is sos.-
vvV.Vuo hushels. against -23. O00. 900 in 1915.
Atsentine exports for the week were g.
,9u.ooo bushels. against 5.loO. 900 last year.
australia shipped 100000 bushels OF
Corn-Th- May delivery a, Chicago was
uhuef considerable pressure. ', was clear
that the sharp break In wheat had unset.
go confidence amcog the speculative
n"Id.rs or corn There was weakness in
III foteisn market. and rumors OF selling
mere Tor foreign account. Receipts from
thc country are Of fair proportions. with
weathc- conditions ftvorlne a continuance
celpts total 300. 200 bushels. against 4.
So", "nn in the previous week and also, O00
a year ago. Brodsfreets exports we're only
ISls'"op Tor the week. Since July I rho
shipments total $1,000. 900 bushels. against
.. 100000 last year. Further advices Of
delayed planting In the extreme South
west are received, drouehty conditions hav-
ing prevailed for several weeks.
oa's-The buying for cash house. and
Sh"rts did not hold prices yesterday. De-
c!ines in other. grain caused scattered lla-
uidation. and larger country offerings are
being counted on. No export buying OF
importance was reported. Drought, dam
age reports from Texas and Oklahoma did
not have much influence on the list.
Provisions Although there was orca-
sional selling In sympathy with the break
in tn" grain markets and large offerings
from packers. tn. prices were not lpwered,
as many had anticipated. speculative de-
msnd Il attn fsl'.
chicago prices.