The sun. [volume] (New York [N.Y.]) 1833-1916, 1916-05-02
THE GRAIN MARKETS.
wheat Advances sharpiy-Bad
Weather in Northwest.

The broadening OF speculation III the
wheat market yesterday reflected the
more sensational Northwestern ads!ces
relative 10 the unusual weather condi-
tons / various parts Of IN" spring
wheat b..t thee was freezing tcmpcri
,urr and here were scattered rains and
SHOWS. The feeling Of apprehension Wa
Intensified by he forecast for fur'he
preelpi:aton over night. There were
MAXIMUM advances OF 4 t. Acc in m"
Mirutlpo'i, LIT. other contract markets
rising substantially and closing near the
Je>; level, II the day.
Conservatives IN Ia. tnde assert that
they are now certain that the decrease
I'm the spring wheat area will approx
mate 10 ger cent. this season. such a
reduction would mean about 100000
urres. crop Expert Suow IN his esti-
maze Yesterday placed The present
Indicated spring wheat rea at 2,06S,0o0
aoi.4 under the acreage Of a year ago
snd the abandoned winter wheat area at
3TS3, oo0. w!'H n certainty that THIS
total vii be large. as farmers are still
~pioughirs Up fields.
Tho average safe for she end Of seeding
IN the NorthweS; Is about Nav 10, 80 that
he trau" realized tSN necessity OF er-
,-"rn' weather conditions In the >nri7s
whoa, TERRITORY during the next few days
TNsArt- r--art tina. the AN. preparation
az, a.. ana recently was so inferior TO
IA, at |pre,iou, seasons that the start OF
the crop t. a Whole Us very unsatisfactory
the course % 'ho ses.lan, these having. 90
". the wheat pant in Illinois. ohio
and NJ .1".i. l. ia sp!i that conditions In
these -.t 2 Rave undergone no better
rent ,rltc = rather confused az -
the pr.'e.H t~'oyernmcnt winter wheat
me N'-.-sn mi have been more favorable
during Ole" past month. A. a matter OF
1900 .. Lr.,g.- ava \ah-nSL
str~rur'henluG OF the cash wheat mar
kets contributed TO ba4!sh sentiment yes
icrlay. premiums on hard wheat at
were 90 Il,-.es Of 10000 bushels Of
rra4. ,,reI FOR and The May futures in
inc u7'. The export buyins, Was tsh'
M attention WAS riS1cco 70 re dtcreas,s
iSnmr24 ,6are, @sre iprlya,s report ih.!
Russia y2p,a iG,P talr smS6Sp, % wheat
rhe tinted states wheat visible supply
total Is 4o,pJo,o0o bush - against, .lI1o ,
coo IN tho previous week and 100000
.as, yesr. when the decrease for the ~reh
vas 3.5o6.ooJ bushels.
Corn-lrcrrsstd setting Tor country a
count AMI some commis ION house prom
taking on tho advancr' presented any
import,rt upiurn - N" corn list Nesi"T-
dsN The Mav position AT Chicago MAS
quite nrru. recr WING support from larse
cash interests chat are expecting So, for
this defyerl. There we're 100000 llishe
de iyerei on contracts yrSterda!, but as
va. expected. the Armour Company abb
,orurd most Of these deliveries. The IN
settled and cola weather through IN. West
4. leading 20 more reports Of delayed start
Tor the new crop I'll" Visible supply
,o,aI, -. 900, 600 bushels, against - soc. 900
In the previous week and 100000 last
year.
Nav delivery Chicago deliveries were
onjy 80. ooo bushels, There are nersistcu,
sssc~'ior- ths' prominent New York and
,Hi,lE, uoi-rs are heavily long Of this
posi'ion lui 'hnf these interests are IRE
d!y'.ug much high'! prices Speculative
md wa 81 fnlr volume during the day
ana the market was helped hv the
strength 'r wheat and the rather british
crop reports from the Northwest, \ lich'
.,Npurr l~U..uess was reported The visible
SONNY decreased 500, 900 bushels for the
week.
provls'ouS-Sharr advances were regis.
tered thrpugh the entire list, lard showing
The greatest strength There was buying
credited 20 packers and commission houses
The Chicago monthly stock statcmen,
! showed decrease OF about 10 ooo, 900 lbs
=" ~" ,nrd stock and a 1900. 600 mound
d|ecr,isc IN ribs Pork stocks showed II,
su"cisl change for the month, Chicago
prtccss