The sun. [volume] (New York [N.Y.]) 1833-1916, 1916-04-28
THE GRAIN MARKETS.
Bctter wheat weather-Easier
Tone-sentiment BuINsh.

The slight lowering Of wheat value.
Yesterday did not serve to greatly altci
the bullish sentiment %pervad!ng a ma.
jority OF the trading circles. II was ad.
mitted that the actual clearing Of the
weather through the Northwest would
hasten the work OF planting the crop. but
the realization that another wet spell In
the very near future would seriously
cut the acreage emphasized the need OF
a long stretch Of propitious weather con-
ditions through the spring wheat belt.
Az IL Is the estimates coming to hand
suggest a 10 per cent. curtailment In the
area OF the Dakotas and Minnesota and
. larger decrease across the border.
While these estimates are being made by
private authorities conservatives do not
believe them greatly exaggerated. as tho
conditions through the Northwest have
been unseasonably wet n cold for the
past few weeks and the farm prepara-
tons last fall were meagre.
The bullish acreage advices that
reached the trade yesterday found an
offset In the more optimistic winter wheat
reports. Rains In sections of Kansas,
Nebraska and Missouri have improved
the outlook. Few complaints come from
Oklahoma. At the same time there Is
nothing heard Of crop regeneration In The
districts east of the Mississippi. where the
t'e lVssCs UdNt UeeU UlOet SeNeTC.
a feature OF tho statistics at this stage
IL the falling on In the receipts at interior
points: For the past two days the wheat
receipts have been slightly under the move
ment Of a year ago. People in touch with
the. cash wheat situation say that the great
bulk OF the cheap wheat In the Southwest
no outpourinG of wheat from tho North
vest until a better acreage prospect Is had
hard w Tss tep pSe G G"If'ni ys ssind ina
at SC. under the basis Of chicago May, or
a. the largest discount, on the crop, but
recovered to about sc. under.
Export buying during the session was
creek ooye irmnr "u," 70 OF .Sc, o Scdsr iUr me h,
Durum wheat and TO scattered lots OF other
wheat; chiefly Mani,obls The foreign
tention vas given to the official revision
or the wheat condition In France to g. per
cent. as against the recent estimated con-
dition OF per cent. but since the out
break OF the war II has appeared as though
FOREIGN departments have been disposed 10
'.corn-The msrke, did mo-, hold m.
slight early advances despite the continued
support from the large Western elevator
100000 bushels. Country offerings were re-
ported OF. larger volume and there was
scattered hedge and speculative selling. the
after caused by the reccssions In wheat.
" IL still maintained that the foreign
absorption here would he of larger volume
but Tor the tonnase rules. which allow the
use or very little OF the vessel room for
corn. Dutch interests have been the prin-
cipal buyers OF domestic corn. Not much
attention was given to weather conditions,
athough IN some quarters tho impression
IL that unless there is a stretch OF clear
weather in the Eastern district the plant
will be handicsp ped by a late start. Clear
weather Is forecast for over night.
Oats-Prices moved over a narrow range
and In sympathy with the changes in
other grain. Occasional liquidation in the
chicago May position Is again observed.
speculative buying Ia light. due partly TO
the favorable crop accounts from a ma
jori'y OF the producing sections. There
was some evidence of export business yes
terday. but actual trade was said to be Of
small proportions.
Provisions-Sharp overnight advances
were attributed 20 the buying for commits
sicn house Interests and packers. The
bulge brough; about larger offerings. There
Is some talk OF the recen, upturns check
ing the cash trade.
CHICAGO nrires.