The sun. [volume] (New York [N.Y.]) 1833-1916, 1916-04-09
THE GRAIN
wheat Declined SharpIy-Fair FIX.
port sales On Break.

Pronounced weakness in the outside
markets disturbed the speculative hold
ets OF wheat contracts having TO do with
the Chicago list, ana the general wheat
situation took on a weak aspect. At
Winnipeg the declines we're most SEE
we're. losses extending TO more TAI
81. cents per bushel. This break was
associated with the imminent change
IN the weather conditions IN the North
west. the forecast being for warmer
weather. However. even II the weather
should remain favorable for seeding in
the spring wheat belt for q few weeks
II rs not likely that areas eQualling
those OF last year will he planted, soil
preparations having been inferior last
fall, and the war exigenciee having
taken rom the supply Of labor III
ANA
There were other bearlsh crop ideas
eNpoundcd. Much attention was given
10 the ain and snow over virtually all
o. the winter whea; belt. some opera.
tors endeavorcl 20 make capital Of the
freezing temperatures predicted for
me winter wheat region, but greater
stress was laid on the outlook for
warmer weather the next week and the
highly beneficial effect OF tine precipi-
tation reported. Certain of the large
speculative Interests had private intor-
nation OF impending Improvement in the
tenor OF crop accounts from Illinois,
Indiana and Missouri and of liberal sup
plies of old wheat in these districts.
There were also reports that much OF
the poor wheat had been marketed.
stop loss orders were uncovered as
I-ires declined. the market selling on
e~ariy 3 cents a busheI from. the level
. IN" time OF the issuance OF the GOV
eminent report on Friday. The Liverpool
srtrhet was rather weak Yesterday, Eng
tast centre regarded the American GOV
Sfnment report as huliish. bat thought
chat IT was neutralized by the liberal
export SURPRISES In North America, Austria
~ Argentina and India.
There was fair export buying OF Ameri-
c$h wheat Yesterday, however. and this
shMrption, together with the shor, cover,
ing and scale down buying for spectators,
W." ar" much impressed with tn" poor
tlcs-i the market steadler. The export
h~I.s''ss Is estimated at 500. 900 bushels.
irr'Iding 400, o0o bushels OF American
].it"rior receipts for the week wer. g..
1-l,ooh bushel. j., against 900 900 In tn"
pfv1iuus week and .,g0O,00O last year.
IiSsr!or shipments were 1000, 900 bushels,
~, 900 and 1900, 900 bushels respec.
t'-ay Seaboard exports, including ,fonr,
wSS< x. 500, 600, $500. GOA and !. 200, 900 hush.
10. respectively. 4 decrease Of nhout -
600 90" bushels in The weeks visible sup
rorn-The frmness Of the foreign mar.
lets and She SIC. weather 'hrnuPh the
VS., helped prices here at the opening
= the session. Bullish reports from
Argentina az 10 the small crop received
Yt,en,ion. There was no strength on this
-. however, and prices gave way readily
rl'h wheat. There was very little specu-
awe support, ALTHOUGH near the clos" of
y markN the demand from shorts caused
. partial recovery. No export business was
reported, and actual clearances OF corn were
dtsappDintingly light. Interior receipts for
the week were 3. 900. 900 bushels. against -
100000 IN the previous week and 400, 900
4 year ago,
49, - 4.
lated seeding operations as n result OF the
wet weather through the West A. an
onsst, soil conditions have been improved
The market was irregular, deriving Its tone
from the action Of other grain. There was
some buying for export account at the de-
cline. Interior receipts for the week were
1000, 900 bushels. against 400. 900 last year.