The sun. [volume] (New York [N.Y.]) 1833-1916, 1916-06-09
THE GRAIN MARKETS.
wheat Nervous-GOvernm-nt Re.
mort Rather BuIish-Corn Firm.

The Government report on wheat l..
sued after the close OF yesterdays Sos.
sion was subjected to a bullish interprs.
tation. A winter wheat outturn OF only
Ago. 600, 900 bushels was forecast. agains,
expectations Of about 100000 900 bushels
a promise a month ago of 49e,0oo,0ol
bushels and a final last year OF $4,000.
600 bushels. AS "A slight Offset, the
spring wheat acreage decrease was given
at % per cent. agains, private estimate
centring around IL per cent, but the
crop prospect at his early date Is none
too good at o4S.0 600 bushels. con,
pared with $50. 600, 600 grown last year
Most advices have indicated that he
spring wheat plant is quite late ar.
that seeding was not completed unde'
suspicious conditions. so that a crop
scare sooner or later would seem IN.
evitable.
Yesterdays market was peculiar II.
opera.ions were heavier than the yri's
range would indicate, There was n
especial tendency to the market value
being alternately higher and lower, clos
ing quite steady. Confidential advice'
we're heard thai some of the prominei'
Chicago operators who purchased ~hea'
freely at levels 10 cents a bushel or -
higher than the present basis had he
come weary of their position and 81 ire
absence Of outside speculation on tho
hull side. with their position rendered
further %untenable by the slow dis'reu'
ton Of the large stocks OF old wheat
The absorption OF such speculative liqul.
dation seemed very good, as was testified
10 by the net price advances. i was
believed that important short line were
covered during the day.
Export buying was estimated a. m
a few hundred thousand bushels to-
were declines of = 20 &c, In the liNrtf.'.
market In reelection Of the lower f-'f.'
rates on this side. lnasmuch as th'-p'
shipping costs from here can easily
subjected to a bulllsh anaiysi II wa '!
surprising that our markets did no, "a
spond to the weakness at Liverpool. "-
viously the lower fre!gh, rate sit.a3'-
would be "A greater heln. to the adv ~"
Of higher wheat prices n the expoft '..
Ing were Of larger amounts.
Conflicting p%o'ities, and crop s,.,
during the day. The trade heard a. 80
Of rumors concerning verdun ana 70
Dardanelles. none OF which seemed cr.+..
able. From Kansas there were rer"r'- :
wonderful crop Improvement SIR"
rains and possibilities Of 10000
ton were reports that further rains " =
be unwe,come.
corn-A major par, of the huylnr ~,
credited TO shorts who were c!stur'ei =
the numerous complaints OF the ut t"'
cool weather through the West"rr
tries. Light eountry Cnerinss hay. b..
! ~ w w wal nv III NV A'N' . h-
past few days, Predictions OF larger -
,cipts have not been fuihiiei, A he""
cash demand for domestic account "a,
been noted. and there was also 4 cafs' -
corn bought Yesterday for Belgium Some
authorities are not inclined 10 beCon. AZ
prehensive as yet over the crop conditions
II being said that the spring o. !F'. VA
wet and cool and a record crop was grove
In that year,
Oats-The Government r.por, !-ttcsei
an oats crop Of 1855. 900. 600 b4sh's
against l,5+0. 900, 900 last year. THIS .s"'
mate is about In line with genera. eNp. A.
tions. There was not much feature 20 ire
trade during tho day. 1t Is evident tha'
prices are stu governed largely b. ~.
fluctuations In other MARKERS. Runors o.
export business were heard. but 70 IN
portant amounts were mentioned Ihe 81
Nciency In tho crop this season = r''
stimulating TO hull speculation as -
amount OF Old oats to be carried over tSl'
season Is quite liberal
Provisions-A fair amount % 'or~'T
buying was reported and there was 80
absorption for packers ana shorts N'tO
selling was noted on the Upturn. spee.-
lation sentiment Is mixed.
Chicago prIces.