The sun. [volume] (New York [N.Y.]) 1833-1916, 1916-02-17
THE GRAIN MAR1HW.
Wheat Neutrality-suspicious. II.
creaSe-Coru strOng.

IT,
creaSes-Corn strOng.
Relatively large advances In the Chi
cago wheat list yesterday emphasized
the expansion In the speculative trade.
The undertone Of strength extended to
all markets, however, as a reflex Of
the numerous bullish crop messages
from the winter wheat area and the
urgent cash demand for wheat at slightly
higher premiums. Western commission
house people who were conspicuous on
the rise in the wheat market from the
Sl.05 basis u the $3.50 level have NJ.
parently renewed their operations for an
advance, claiming that larger farm Of
fer.nEs of wheat will be readily alb.
sorhed and that tho foreign demand for
wheat will not abate. II is admitted by
nembers OF this group that pessimistic
crop advices from the winter wheat sec.
ton this spring are being counted on.
the crop reports forwarded yesterday
were OF much the same tenor AZ those
arriving the past few days. Serious ad.
vices Of winter killing come from Texas
and somewhat less alarming statements
from Missouri. Oklahoma and Indiana
conservatives do not deny that climatic
conditions have been conducive to more
or less winter killing, but the actual
damage and abandoned area will not be
determined for a few weeks. II an aver
abandonment ~ the area took place
his year the land given over to winter
wheat would show a reduction Of about
',ooo.O0o acres M compared with the
record of a year ago. which In bushels
might he measured at close to 100, 0O0.-
oo". Advocates OF higher wheat prices
aver That such a prospect should prompt
conservative marketing by farmers and
excite replenishing of the light wheat
reserves now held abroad.
The British AMI Dutch Governments boush,
whta', here YESTERDAY. Their purchases we're
PLACED q, more than mon bushrl. with
sdui'ional business estimated 4, Js.S bush.
ss' 81 shich total about ;oo.c" were ~
N"ultOpas s"abOard exports keep AyeraxiuE
800" bushels daily. hu, competing coun.
Yrs ar. NOT shippiis heavily A. yet The
sue.sri a, '.p"l bushels. but II Would only
NJ natural for the outward movement from
va" souhiFy 10 soon reach an averase Of
tina has about ion. cb'. an bushels 70 ship
anu her corn exports are nearing compile.
Tue Chicaso Trad. Bpn.t;a estimate. the
supplies Of wheat in the Tinted s'ates avail
soie Tor export And carry over to July
The interior re-~ipts OF wheat 10 far this
week total t,oyp."o bushels. against 500 ~
Q year ago. shipnr.ts heing only abuu, ,S,.
eS bu-h.!. greater than those of = year ago
Corn-A further sharp adv anS ~ss recorded
yesterday. aided by active buying through the
commission house. THE increased sppcula.
ton is founded on the elaine that there will
~ q s"ar,1ty of good corr this summer III
port-r- were IN the market and the takinSs
yesterday were given at ~. Es bushels shorts
were disturbed by the extent OF the outside
demand, ESPECIALLY ne It Was shown that cash
markets. ~-f" following the upturn IN IN.
lures Receipts for the day at interior point.
were l,rG" bushels, against Ifso. 40 a week
ago ana S'o.t.r last year. Quite u little profit
taUn. for last week, buyers vas noted on
the bulge in the market.
Oats The market made a fair response 20
ne hulllsh sentiment IN other grains. CLAIMS
which oats values show when PLACED against
corn values accounted for part of the buying
There ~erc dam axe reports from Texa. Ne
EXPORT business Of volume Wa traced yeeter.
day
Prorisions- market moved up sharply
on reports OF . better cash demand. hnyirc
for packers and other shorts and on the de.
'res.'ng stocks at Chicago 4 fair sized ho-
Chicago pfires.