The sun. [volume] (New York [N.Y.]) 1833-1916, 1916-05-17
THE GRAIN MARKETS.
wheat Markets Well Supported
BuIIish Advicrs From Kousns,

The pronounced increase In firmness Of
wheat values during yesterdays session
was laid to the more energetic efforts on
the part of prominent houses In the trade
To intrench themselves on the bull side.
II was said that the absorption of wheat
was suggestive of accumulation OF con-
tracts rather than aggressiveness to es-
tabllsh higher wheat quotations. Con-
spiouous in the buying were the Armour
interests n the Patten following. II be-
Ing said that these groups had become
much impressed with the tone OF the crop
reports from Kansas. There were slight
declines at the beginning of the session.
after which the market slowly worked
upward. It closed at about the highest
point In many days.
TIL bulk of the bullish crop news
came from Kansas and its effect was
rendered the more impressive by the
fact that crop experts have been warned
by the Chicago Board Of Trade authori-
ties to refrain from sending out unwar-
rantedly pesslmistic or otherwise exag-
gerated crop accounts. There was a re-
port from Snow saying In effect that the
poor seed and seed bed In Kansas have
been against the crop n that the State
at no time this season had a prospect Of
more han 100, 600. 900 bushels. as COM
pared with some optimistic estimates Of
1876. 900. 900 bushels and a harvest last
year OF 100. 000. 1000 bushels. Snow also
traversed one section Of Kansas. finding
100000 acres with deterioration OF about
so per cent.
The views Of this export seemed sub
stantiated by findings of other judges.
Kaib put himself on record for a kansas
oRiasoms s'' yield S Of 5000. ooo' bushels
Oklahoma had $4,000, 600 bushels last
year La Count. in his summary Of Kan.
the state. but he was convinced that i'm
portant areas would have poor results
and that tho Hessian ny scare was not at
more hopeful tenor were received from
inslis. these bearing on Missouri: but j.
Winter wSea, belt viii hay. " very email
The Northwestern markets were IN
OF the favorable weather conditions in the
spring wheat section and the slower nour
trade The rspor; snyirs helped ths Win.
about 700. 900 bushels was Canadian wheat.
Ta" f at H,T.f sSyins IT Tai !. In un ,isT OF ws TAX;
absorbed by continental Europe. so That
the big English needs are being supplied
Corn-There was a less besr,.h feeling
that interests which have been short are
now bullish on wheat and would not
maintain their position In this market.
Talk of fewer country offerings was
heard, although the consensus Is that with
stocks 81 old corn fairly large and a good
planting season the farm movement will
he quite liberal. Corn planting Is nearly
completed.
oats-Export buvine and the rally In
other grains helped oat values The ex.
port business was placed AZ 1000. 900
bushels. most Of II being In Canadian oats.
Weather conditions are generally favor
able and the crop complaints are fewer
now that the Southwest has been mois-
tened.
Provisions-The market was under pres
sure. Decreased lard and rib stocks at
Chicago did not cause much buying. Hog
receipts were liberal and packers were
sellers Of contracts in the provision mar
Lnf ChAcagn nrices.