The sun. [volume] (New York [N.Y.]) 1833-1916, 1916-03-14
THE GRAIN MARKETS.
Wheat At New Low Levels-Late
Rany-Corn strong.

The disposition to interpret the sta.
t.stical position OF wheat in the United
states as extremely bearish was pro-
ductive OF further market influence yes.
terday. Speculative liquidation was
quite heavy. particularly during the fore
Part OF the session. and the declines
extended to about 3 cents a bushel. v tn
several OF the leading markets record
ing new low ground. The fact that the
visible supply Of wheat In the United
Stltes gained 100000 bushels for the
week. against a decrease Of $500. 900
bushels for the corresponding week Q
year ago. emphasized the theories OF
large supplies in the country. This
visible is now 81. zoe. 900 bushels. against
$4,000. 900 a year ago.
a substantial rally occurred through
tho list. however. and the upturn tended
10 modify the bearlm views current in
"A number of quarters. There IL q feel.
ing that, IN view Of the uncertain crop
prospects and the heavily reduced new
WINTER wheat area. dollar wheat at Chi
az vii. again appear 20 speculative
interests. unless the political situation
is altered, The export business yester-
day was estimated at 100000 bushels.
ard the seaboard c~learanc-e for the day
were huge at 100, 900 bushels.
Much attention was given to the selling
o' wheat Tor country people inasmuch. as
this liquidation was thought to foreshadow
larger offerings from the farms. Springlike
weather prevails through the western dis
tricts. and the indications are for a CON
'lrued liberal farm movement. Estimates
were for Winnipeg wheat receipts to-day
Of l.5oo cars; The interior movement, a.
domestic points amounted 10 100000
bushes, ~conpared with $4,000 a year
ago. Whether the new crop outlook Will
be viewed sufficiently bull,sh to neutralize
to b~ seen.
crop ACCOUNTS were mixed YESTERDAY.
MANY unfavorable advices come from
Texas and Oklahoma, where abandoned
area has been heavy and rains are needed
The East has also abandoned considerable
land and there is !nsec; damage, according
20 private reports. Apprehension has been
telt shat there would b. delayed field work
IN the Canadian Northwest on account OF
snow covering and withdrawal OF farmers
for military duty. hut II Is understood thar
ahou, 5000 soldiers have been released
temporarily TO aid In necessary nsld WORK
large speculative interests covered shorts
and 1t Is understood that some OF the OPP
cri,o''r h. action Of the market Ina, had
> o,ound influence. While wheat declined
several cents a bushel. corn reacted only
lightly. During Yesterdays session there
was q response made 10 the wheat de-
cline. but q sharp uptnrn ENSURED ana sen.
tlntnt was favoring hlghrr. prices Jus "
heavy demand from disii!ling companies
interior receipts were l.ll<,0o0 bushels.
aeaIns, 1900. 900 last week and $4,000 =
verr ago The visible supply Increased
S23. 900 bushels for the week. the tots,
being 1900. 900 bushels, against 39.ooo.ooo
last year.
Oats--The net advances were ascribed 10
he closing strength Of the corn market.
snoculattye trade IN oats IL mixed. Many
irarish opinions are heard. based .prin-
tIn.lly on the belief that farm stocks IN
North America are heavy. Actual receipts
M INFERIOR points are small. however. TO-
t,ling only 500. 900. against e?3, 600 a year
ago The visible supply was ls,soo'oo9
bushels. against 100000 last week ana
20, 600, 900 a year ago.
Pr~ovi+onS-The market was Irregular.
Speculative trade was mixed. hoG prices
we're without special change. the move
ment being fair.
Chicago prices: