The sun. [volume] (New York [N.Y.]) 1833-1916, 1916-03-16
THE GRAIN MARKETS.
Wheat Iarns StrOms-P0"rer Crop
OutIOOk--COrn ulgher.

The enhancement OF wheat values y-s-
terday was quite unexpected. as during
The fore part Of the session the under
tone was quite heavy aud tn. sentiment
III he trade was against an improve
mens In the price basis. A great num-
her of beaflsh cables We're received by
The scaboard houses. these having to 10
with the weakness IN the Liverpool mar
het and offers 1" resell wheat AZ New
fors There was some foreign selling
OF wheat futures ON his side to give
Color To tho accounts of w~eaknrSs in the
English market. where maximum de-
Clincs wer. reported ~ 3 cents n bushel,
but this pressure and other offerings
were quietly absorbed until the market
turned upward n gained about 3 cents
q bushel.
The buying OF wheat was through
ONE Of the largest Of the commission
houses and led To claims that prominent
operators had prepared themselves Tor
a bull campaign. believing that the
heavy stocks of wheat IN the United
states and Canada YOU he neutrallzed
by tho poorer crop outlook. Attention
was called to the beneficial SHOWS
through all the Eastern winter wheat
belt, but there is II deficiency Of moisture
N the Southwest. Tho confidence on
the bull side of tn" market is based
ia - - ~ 'hNH y 'N'N' VII Nl4o
knowledge that the planted winter wheat
area was 1860 600 acres lesS than "a year
ago and the abandoned area IL expected
to he over the average of So per cent.
which would his year amount to 3,0s1,-
600 acres. Furthermore there are al.
vices OF a late season in various spring
wheat sections. especially in Canada,
with predictions OF a decreased area IN
that country.
pr,- .f1In, d. ~ s, 49,. 49,. ,- -.
not been very impressive thu- far. despite tho
persistent claims that receipts would da-
crease s'rikingly IN tn. near future Th. IN
terror tnoNrm'ut FOR the half week amounts
10 1000. goo bushels. against <,35l. 900 tho
preceding week and $4,000 ny'N,rago The
exports continue large, averaging NOR.
than l.000. o00 bushes = unv from tho sea-
bosr ri, and suggesting that the reported
esrort business from day 10 day II UNDER
Actuai export ,akine- yesterday were
said 20 b" iigEt' Ia" claim was made
In th~ market, bur tho declines In the liz,
yid not extend as far us WIS expected and
these buyers lost tli~lr market.
Corn-lrcoS ~er" higher during prac-
tioaliy the ehi!t" Session and IL was again
c,idcnt that the, o,e's.oIai declines IN
Influence in mis- market While the Dc.
mand from shorts was gutter, The fresh
and there VIA also steady buying for cash
houses. Productions 90 4 larger movement
rr r@"ip ne Sow @y"s ,s az" 900 e.,', sa nInlh' !. Sui @e,q1l
week, guins 1900, O00 last week and
1850. 900 a year ago. No export bushes.
wa claimed yesterday, the foreign markets.
remaining quiet. Latest Argentine Gdvic"s
are that about 90. Goa. 600 bushels will bc
avs ila Bile FOR export I'm that country from
the new CROP. against 100, 900, 900 for tho
year Just ending
Oats-Thc unlcrtone was strong, with
prices responding readily to gains IN other
grain. Cash houses arc still buying az.
lively, hu. there II no tndics ton OF an I'm.
portant export business doing Tho in
terror rerElDlA amount 10 AMY n nm nuA
bushels 50 far this week, against c,Gs7.OOO
\ year ago,
provlsions-SpeCulHtiye liquidation lowered
prices for a time. Packers and shorts
bought at tho reduced lovcls. Traders ex.
pected "A rather bulllsh chicago monthly
stock statement.
Chicago prices.