The sun. [volume] (New York [N.Y.]) 1833-1916, 1916-04-08
THE GRAIN MARKETS.
Rather Bullish wheat crop Report
Prices React, However.

Although nothing Of bearish signih-
canoe was found In the Government crop
report OF yesterday. the market met
with frequent selling pressure. and the
deduction was that the technical posi-
ton was not AZ healthy as commonly
supposed. The Official estimate given
out yesterday pointed TO a winter wheat
yield this season. assuming average
conditions 70 harvest time. Of 1885,
100000 bushels. as compared with 655,-
100000 raised last season. The point
was made that the Government In Its
estimate allowed for only normal aban-
donnent Of 9 whereas the indica-
tions are fer heavier losses In this re-
spect. and perhaps $4,000. 900 bushels
should be taken from the pros
poets figured yesterday. The crop con.
q year g and the ten year average
o: S7.3. Some authorities emphasize
the fact that the promise OF u winter
wheat yield OF about 100. 700. 900
bushels less than last season liz coun.
terbalanced by the Governments re-
cent farm reserve and mill stock esti-
mates. which showed $4,000. 900 bushels
more wheat In the country thar the pre-
ceding year.
the Washington stA.is,ic.. The recent private
reports hsd eusgested a condition figure OF
about -. II 10 still insisted In some quarters
than .r.presented. BY IN. official hndins.
The Modern Mine, in its summary placed
W. crop condition a. only - per cent.
trade. as the pTevsi.nce OF low Temperature
wheat .ecsions WAS of.e, be- the Sensfcisi
rains in Kansas. Missouri and o%kishoma
wintry weather is still, noted IN the sprine
ssrious AZ yet. Nevertheless, lands were moi
we'll prepared last fail. and this condition
r rS Hoh,unrs.on with ,ns :hSrss c az .a % ~ y
spring wheat area.
Statistical advirs OF the day other thar
The expor, demand wa. lar and bnsinr 10,
foreign account was estimated at 6Oo.cof
hn.hsl. Rear, laid stress on the .hipMen!'
but on the other hand Argentina with ship
mems Of 100000 did not show ~ hesvil,
nour from North kmenca Tor the week were
10000 hushel. and since July / total
;ss 900 cco hushel, y a,ns, isonoo "o bushel'
men.s $50 zoo ba.he,: represent whes. from
the United states. against ?I0.ooe.ce last year
OFFERING aSrm "a anil iur r , a,mi oi soTsi IN :Ge . %S =
10 the foreign markets promoted. quite a
LITTLE short. covering during Oh. day The
and finally reacted with the declines in wheat
Rttnors OF export business were not con
frmed. The e,pors Of corn from she United
against 1900, on q year ago This showing .'s
rather disappointing when considered with the
las that the Argentine i- expected TO ehir
only s., bushels this year, against 100.
oo. on the preceding season. Interior receirts
80 far this week approximate SON. On bushels
aSainst 3.so.oc the previous week and .,iop.Nc
a year ago.
Oa.s.-The rance Of values vas narrow
prizes moving in accordance with the change
In other srsin. Part ~ the selling WAS due
to the caneeilins OF an export trade involving
10000 bushels, this selling r-nsctinS the re.
ported torpedoins Of a vessel There vas no
fveeh export business claimed. hut II ~ under
Nood that Canadi an oats are competing more
strongly with domestic oats. Reports of de
layed seeding through the West were not con.
ducivc to much buying. As more settled
week end.
Provisions The declines OF -. 90 ior. in
the hog market had no esyscisl influence on
the iist. There IL some hedging credited 10
parkers. but offerings were will absorhrd
Chicago prlcps;