The sun. [volume] (New York [N.Y.]) 1833-1916, 1916-03-24
THE GRAIN MARKETS.
W heat Wrakens with torn-Good
Rains Through BeIt.

The chief depressing factors in the
wheat market yesterday were the advices
OF beneficial rains in Texas and okla
homa. the prospect OF additional mois-
turc over virtually all of the winter
wheat belt and the decided weakness In
the corn market. A more bearish senti-
ment seemed TO be forming in wheat
circles. possibly due to the diininu,lon In
the outside trade, as was best reflected
yesterday by the periods of inactivity In
the market, while the in~disposition TO
BUY whtat IL further fostercd by the in
Conclusive tenor Of the peace reports.
The peace adyices are persistent.
Tbose involving Turkey and Russia are
especially annoying To the wheat bulls
n truce between these countries would
pave the way for ultimate shipments OF
wheat through the pardanelles and also
from Balkan countries, without n corrc-
spending increase In the demand for
wheat as would doubtless be reca In the
event or Germany and Austria making
peace with the Allies.
rho occasional advances in the market
nuilhs the session were not productive OF
a broadening Of outside support. II L.
.Icnf mat the many reports tina there ore
heavy reserves OF old wheat. are tamperIns
me bullish tenor OF the new crop aivices.
" Us granted that the Government report
on .,pril viii be unusually low. as far
as the plant condition Is concerned. but
tn's view. In connection with the reports
mat tho spring wheat areas IN tn. Amer.
'cah hnd Canadian northwest Brc to be
substantially decreased. has not stimulated
me speculative support recently counted
on. There are predictions that a more
nopeiuI tone to the crop messages will bc
noted after u period OF real spring weather
through the West.
The sdvices from abroad were no, e..
,ective In causing much fluctuation here
fuoiir Liverpool cables were without spe.
claI chahgo. aud while the pr,vat. cables
suggested steadicr markets, the covering Of
shorts at Winnipeg and Chicago for FOR.
eish account was not of large volume.
inc export buy Ing OF American wheat was
aid TO- be under 500 900 bushels FOR the daS
english authorities eeem willing to ION
trde mat prices for American wheat arc
nearing a safe basis. aud also tina, con
tInenial interests are likely to- absorb much
~ the SURPRISES In Argentina and Ans
trslia; such an admission would b. con-
struNI as quite buiIIsh locally. but FOR the
knowledge that Csusds has considerable
wheat to sell
lina'eI at 500. 600 bushels. against 3.a56.-
90" IN the previous week and 5.ie.. 900
.ast year Rrads'rcet's exports to-day may
exceed 5000, ooO bushels. Australia is -,
pected to ship close to 1000. 200 bushels
of wheat this week.
Corn-The market continued it, down
Mard tfend' aud ucte1 much IN favor OF
the boa" interests. who hav. heeu quite
80 wv PAENNAl v
was III The May position ~ Chicago. Line,
nrld Tor country people were pur;lv
li,duida'ed Much attention Was given to
ihe report that industrial concerns. work
.us for alcohol supplies. wcr. purchasing
heaNHN OF kahtr corn. obviously, the
buying takes from the demand for Indian
corn. Recently there was burs; of bulltsh
Enthusiasm, based on In. heavier demand
from dIst!lIinr concerns No foreign bu,.
ing was reported yesterday, In, rNpor, in
luIrl"s are received practically every DAY
AT the same time tho actual shipments or
.orn 10 The other side are tao a. large ~
those or a year sro. Notwithstanding the
steat shortsg" In the Argentine crop.
Oats The list Nns under pressure mos,
oi thc JAY, duo % the drop IN tho corn
iharNe' AMI IN reflection OF beneficial rains
IN TEXAS and Oklahoma. Country offerings
were some"hut larger. hut actual receipt.
are small. aud total Only $500, 0O1 hushel.
Tor -FOUR days this v eek. against 1000. 900
l year ago. Export ~iut-ro~, yesterday was
said 10 he light.
PROVISIONS decline IN corn ana IN.
iguidat!on through sons grain houses had
adverse ercct on values. Til. MARIE, VA.
nor without support. however Hog re-
'eip'. were fair but we're veil absorbed.