The sun. [volume] (New York [N.Y.]) 1833-1916, 1916-03-09
THE A
wheat Reserves Bearish-Record
Oats Reserve-Markets Weak.

The Government farm reserve report
showed wheat stocks as OF March ! TO
have been 2+2. 600. 600 bushels. against
1853 900. 900 a year ago. This total Is
larger than expected. and Il received a
bearish construction. Inasmuch as the
nEures were not published until the mar
ket had closed ina prices hardly re-
hected the showing, although the trade
had been counting on a big reserve
statement for the past few weeks
The farm reserve total, added 10 the
visible supply. brings the wheat supply
available as OF March | to sos 900, 900
bushels, against co3. 900. 900 bushels a
wear ago. While no repor; VIII be avail
able on mill holdings until slater In the
month the belief prevails that wheat in
these sources will also show moderately
above the amount OF last year. Further
more. IL IL admitted that the reserves
Of wheat in Canada are Of record vol
mn perhaps 100. 900 900 bushels over
the quantity held a year ago.
Based on these farm holdings alone
sentiment IN the wheat trade would doubt
lees be very hea-!sh. As IL T. the views
~ authorities are modified greatly by the
knowledge that the new winter wheat crop
prospec, is poor as compared with the
preceding Two seasons. and At far a. can
S. sseer,ained at this early dats The 1910
may fall $50 ooo. 600 bushels below the
average Of the past two year,. ~ course
slOfnlnk can ne sara a. YET Tr4d'lNe u rs
probable slze Of the spring wheat crops.
and the adyiees coneern'ns probable yieles
in Europe have been too contradictory 20
command much attention
Yesterday wheat market was one OF
~takness' The dee!insS eX'eRdsd TO ~.
serins most. There Va, some .Spcrt buy
ing az the decline. hut the foreign sbsorp
tion generally !, i!sh, snd 90 I'D from r.
it'll. sxport. buying Of impo,tanee his
week. A. Liverpool continued "eakn.ss
more than -. a bushel there Yesterday.
IS noteworthy that certain Enslish
niheance 10 peace reports concerning Tur-
key. Private cables are 20 the effect that
there is much optimism ~ TO the political
ferred that with further defeats Turkey
Will be forced, 10 make peace, In which
cidedly to the side OF thu Allies. such a
development would be. construed q. verv
bsarish Ia The Wheat ,is;; more 20 ,hsn q
Germany and Austria. replenishing their
wheat supplies
The liquidation IN tho market was
checked by profit taking for bear interests
and some buying through commission
houses on the crop damage reports. These
winter Killing in Texas. Oklahoma. Indiana
and Illinois At present here i practi'
hut mild weather prevails. A. the Same
time recent freezing and haNin "ondi
'ions are the cause Of many complaints
now coming 20 hand.
Corn-The undertone was much weaker
most OF the day, with liquidation ~ a scat
tered sort, partly for country houses and
FOR speculative interests, sharp declines In
wheat were decidedly against the market
and lower prices abroad had depressing In
huence. The interior receipts Of corn so
FAR this week total 1880 600 bushels
against i.i60 900 a year ago. The farm
reserve report Issued after the close OF the
market was not far from expectations the
total being 1888. 900 900 bushels. against
Sli, 600. 900 last year; percentage % the
corn crop merchandise Is 1l.3, or ..l79.
400, 900 bushels. against :.2so.ooo ,ooo last
year.
Oats-The farm r~serve report ~
500, 900. 900 bushels, against $50, 600, 900 a
year ago. was close 10 expectations Prices
Yesterday were lowered, du" 70 the weak
ness OF the grain and to the absence ~ an
export demand ~ importance, Country sell
ing was not heavy. Interior receipts we're
only 20, 900 bushels, against 500, 900 a week
ago and SO" o0o last year.
Provisions--The market VAS steady, with
light buying on peace rumors and on claims
~ a better cash trade generally. Consider
ting declines In grain, the sction Of tho list
was encouraging tn recent speculate se
buyers.
Chicago prices;