The sun. [volume] (New York [N.Y.]) 1833-1916, 1916-03-02
THE GRAIN MARKETS.
wheat Declines On Political Re.
mors-Early Crop Scare.

The wheat lists had several violent
swings during yesterdays session. 1t
being evident that the market was ssns.
tive and speculative interests were -
result confining themselves to q reduced
scale Of operations. Prior to the deal.
ings near the close. when an unconhrTed
report that Won Bernstorr had been re-
called, broke values three cents a bushel,
there seemed to be q gradual changing
of sentiment to the bull side because ~
the crop complaints. big -four sales bv
millers. and the feeling that virtually all
weak holders Of wheat contracts had
been eliminated.
The crop scare wal predicated On the
oklahoma State report his semi.ofi-
cial document gave the winter wneat
condition at 10 per cent, against rs a
month ago. and S3.5 last year. As n
result Of this statement many In the
trade, hitherto sceptical. were more dis
posed to treat with respect the private
accounts Of important winter killing
through the West. Correspondents OF
Clement. Curtis 4 Co. reported consid-
cradle winter killing In Missouri. Illinois.
Indiana and In Ohio n Tennessee.
Texas Is credited with only half an acre.
age. Kansas Is said 70 be good. Ne
braska excellent and Oklahoma In line
with the state report.
Some authorities assert. however. that
s .ns.e id ,ossib Sf y win ' ,s ,.a LIBERAL ( ,nl'i f. re con ~.
Of wheat from The uinltei State: !: not
SNOW placed the farm reserve. o. wheat at
$4,000. 900 bushels. against ies.o9o.ooo =
whes; amoun,s 10 40 900, 900 bushels. IN.
Good,nan sti = Of farm reserve. ~
statistics Of snow. The official statement
on the farm stocks will be Issued on
There was very little export. buyine IT
wheat yesterday. 4, being said that The
Of the season and the railroad emb:rso.s
actions. Liverpool freight IS comparatively
,he, lowest, and this Is lose 70 Soc .
S Snsher' y rne taHrbn u. m" there S ~s. no. e"sins s
strength expected In view of the appre-
BENSON Of another submarine campaign
The wSIia.- wh.a, yi;,sl. supply .h..::
900. 900 a year ago; in canada. ss.ooe.e so.
against. 100000; IN and afoai for En-
rope. 100000. against es.ooo,ooo bushels
Corn-Harge ruc,ustion. In corn con.
,lnue Further liquidation for country Art
foreign accounts had marked influence on
ensuing trad. the fluctuations in wheat
price chanscs' There was export business
Of 100000 bushels and rumors Of add'
tonal trades despite the lower forc'gn
markets. 4 rather boarish nterpetat'o"
was placed on the SNOW estimate Of far
reserves. Tho total of farm stocks W
given az 1890. 600. 900 bushels. Rea.i
s.i, GOO. 900 last year. Snow says that 80
900. 600 bushels are m"rchantable, but "a
20? GOO. 900 unmerchan,sbie has q feedir.
valu" on farms Gooiman's estirnsts -
reserves IL l.l50. 600, 900 bushels.
oats-1he export buying Of oats yeste'.
day was placed At more than a inillio
bushels. This demand and the short COZ
ering induced by the upturns in other grail
gave the market a good rally. bu, poiit'
cal advires were against the maintenance
Of the bulge, SHOWS farm reserve report
was besrish. II gave the farm stocks a.
SIS. ooo 600 bushels ,thc largest on record.
against 36l oon. 600 n year ago. Snow es-
Inmates the r~rchantable oats az 515 0oe
400 bushels.
Observation-Disclosures the occasional
weakness In the grain list and the me-
vopsness over the political situation. the
urd"rtonc In the provision market was re-
garted ~ worry steady There are efforts
heinG made 10 stimulate a greater specu-
ldtion In these products.
- F,u nvfana.