The sun. [volume] (New York [N.Y.]) 1833-1916, 1916-03-22
THE R A MARKETS.
W heat List More lrreguIar-Fur-
thcr CrOp CompIaImts.

The greatest selling pressure in the
wheat market yesterday was conccn-
trated in the early dealings. but the
movement was not carried far despite
the weakness at the foreign centres. At
Liverpool there seemed to be no tendency
to become alarmed over the crop dam
age advices circulated 80 freely on this
side. Nevertheless the domestic market
soon recovered on the recurrence OF
crop complaints from the various winter
wheat sections. There is still a persist
ent speculative demand as prices recede
and the assumption is that the buying
of this character will be undated pend
ing the Government report on April z.
Some attention was given to the state
ment from n. w. SNOW TO the effect
tina, the abandoned acreage in the winter
wheat belt this ear will he extremely
heavy. exceeding In moun that of 1912.
in which season the soft winter wheat
crop failed. In the April Government
report no estimate OF the abandoned area
will he madc but the condition OF the
crop may bc lowered. as there may be
many unsatisfactory fields at present. TO
be later abandoned. In this connection
authorities are of the opinion that higher
temperatures following moisture over
the belt will result in moro optimistic
adyices. The forecast rs officially given
was for rain or snow over the entire
wheat region.
Mixed political reports tended to con-
fuse sentiment and made for a nervous
market Declines in divisions Of the stock
market, again prompted liquidation OF
wheat on The advance. but II is becoming
more evident that the grain trade H. not
As has been tho case, Foreign operations
IN wheat during. the day were on both
sides OF our markets. the opinion prevail,
balance. Export business amounted 20
about a million bushels, prinsipaiiy Mani,
from Nns,ralis and argentina this wee.
ar. expected to reach 5000 900 bushels.
!, Is noteworthy ,hs, The A1s"n,ine fFs,sni
20 the equivalent Of I3c a hnihs',
asains, a rscen, rate Of sis, .na the high IN
wheat. from Ncw York 10 Liverpool Is
quoted at about; SOC; a bushcl, but A.;
%scntinc wheat + about s1., "Tsne.
can whests.
Corn The not changes in tho marke;
the day the list moved in sympathy WIN
tho wheat huctuati"ns. Th'r. were tur.
thor export btds IN the msrset' buy n"
~ interior points have shown u further
diminut',n. yc: the movement IL about
,ion was given To thc prospects Of rains
tn tho southw es,e-n corn hslt. where a
severe druu-ht has ir'vrfcrci with the
star, Of IN. crop TcNas reports have
been that cotton planting will take place
In fields which had been designated for
corr. sentiment. In speculative quarters
j. mixed with. perhaps. a less ccnhdent
feeling among bulls. partly IN" result OF
the cur;ai'-i short interest.
pat--Thc list was sWaIcd bv the al
,auc,S and declines IN other grain. There
did not app"tr To- h" much Initiative" On
m" part of large speculative Interests
Although q larger movement from the
country T. I'm 'alkcd ~. 'hc actual re-
,"ip,s fo- two days ;his v""k hsN" been
only 100. nn0 bushels. against ..o0". Oon -
YEAR ugn. irl Il may develop that = larE'r
cash demand VIII erect any expansion IN
tl' farm movement IN til" near future.
NJ important export business vas claimed
yesterday
Provisions t-me- hog market and
outlook frr : continued moi"rht" move
mrut Of hues encouraged speculative buy
ing Political tiNtrcs were t"" mixed 70
have much hra-ing on thu list. Full adj
Vsuuos we're not maintained.
la. rfU.AH