The sun., 1916-05-04
THE GRAIN MARKETS.

There were uncertain fluctuations in
wheat yesterday. due partly to the con-
ficting crop adv!ces and TO the timidity
Of speculative interests. The marke'
labored under the influence OF "A marked
hetterment in the weather conditions
through the Northwestern territory and
some vs-y Favorable crop accou ITS from
the Western winter wheat crop belt as
against fresh reports Of insect damage
in Oklahoma and Illinois. Inasmuch as
the weekly weather bulletin published
by the Government confirmed the re
cent private advces Of green bugs in
oklahoma and southern Kansas and
mentioned the hessiar fly in Illinois
there was more than ordinary attention
given to the complaints Of this sort
received during the day. Some authori-
ties in the trade expressed the opinion
that the net advances through the lst
would have been OF larger proportions
but FOR the nervousness over the Amer-
can German situation.
At the same time the naturalization
Of clear and warmer weather through
the spring wheat belt WAS the potent fac
tor against enhancement OF wheat val
ues. Northwestern markets closed with
out special change for the day. although
It is realized tina, the present weather
must continue for about two weeks In
order TO avert an area decrease Of more
than 10 per cent. On Monday. May 8.
tho Government report will show the
winter wheat condition and the aban-
doned area. II will also show the amount
Of spring wheat planting done UP to
May /. Traders believe that this re-
port when taken az a whole will be bull
ishly interpreted on account Of the ex-
pected abandonment Of close 10 5.000.-
900 acres of winter wheat and the low
condition Of the plant IN the East. On
account OF the lateness OF the season the
coming Government report will not in
d!cate clearly the probable spring wheat
area,
A considerable export business was again
done Yesterday. the estimates cen,rins
around 1000, 900. bushels Further inquiry
Since late MONDAY IN. export buying has
approsinated 100000 bushels nearly all
business stins i1 csnaasn m whsats is
done despite duh or weaker Liverpool
market. Yesterday the cargo market a,
Liverpool was reported &c. a bushel lower
The Western farm movement has show n
further a'ling on. Receipts at interior
p2in,s for the hall week amount 70 only
In the previous week and $3.50 600 year
ago Distribution continues very active
ssaS, go ps.l ssy FAX been averaging
Corn-Ths list responded more or less
to the fluctuations In wheat. Prospects OF
improYed weather conditions for ploughing
and planting and reports OF larger coun.
try offerings affected values for a time
nut the support was fairly good and
shorts were not very confident Sentmen,
Is being helped by the knowledge that the
crop in Argentina Is short and that The
cost OF shipping is SOC. higher than the
basis from here, The Price Current repor,
stated that the corn acreage through the
West WOULD b" increased slightly as ths
result Of the heavy abandonment Of wheat
II n,
~" week tota l.jio,0o0. against 2l0O.
90" in the previous week and :,ijs 900 las,
scar
Oats The Chicago MAY delivery ad
NHnr"i moderately on further short cover.
Ing ana buying for cash interests Other
positions were subjected to hedge selling
Speculative trade was mixed. light ex,
port business was reported, Canadian oat,
again receiving the preference. Crop ad.
vices are yenHallv favorable.
Pro\lsions-or"rings for speculative &C.
counts w"r" not hss'" and ,h~-" ~! no,
appear TO he any pressure for the ac.
count of packers. liberal hog move
m"nt was we'll cared for