The sun. [volume] (New York [N.Y.]) 1833-1916, 1916-03-30
TIL GRAIN MARKEW.
wheat weakrns Late - Early
streusth ON Crop News.

There was no letup in the number OF
bu,,ish crop accounts placed before the
wheat trade yesterday. but the market
was not as strong as had been the case
the few preceding sessions. While there
was n tendency to ignore completely the
fact that foreign markets were not re-
spending to the advances on This Side
note was taken VI the more vulnerable
technical position of our markets. II
was agreed that after recent
of 5 to : cents "A bushel the elimination
OF many shorts had occurred and . new
long account created.
More or less irregularity was dis.
PLAYED in the list In the course Of the
day. Evidently the prominent Chicago
traders who had been most aggressive
on the bull side were satisfied with the
extent of their profits. especially a. the
public showed no general tendency TO
lake hold of the market. Perhaps the
outside participation in tho advance
would nave been Of larger proportions
u Tor the lack OF details accompanying
some OF the pessimistic crop messages.
Furthermore. authorities contend that
more weather must be awaited
before the actual prospect can be as
certained.
During the past several days crop com.
ppinief NAV some from practically every
-" ~ ~ HAfd that thu
ohow report, due this week. may ahov a
.ondition as low rs rs. against SIS Of
nsnary given q year ago In the on,ciai
1917 on Aptll no mention win be made
OF me acreage abandoned. but the NAV re-.
poft WI, disclose this, and the s,ippositiop
Is that the area abandoned will SHOW n ts,,a
the average Of 3. 260. 900 acres. THE adyIres
or aiate start and probably decreased scrcsr
IN we American and Canadian NORTHWEST
were repeated yesterday, and were ON
phaslzed by the moderate fau Of snow in
various ~ern districts,
| ,,.urne eNpHrt buying for the day was
.rninent account. Called reports werc
mat the depression at Liverpool was me
result Of freer offerings from Argentine
and India and expectations Of liberia Ar.
genuine shipments this week. Despite these
Ss.rsh Sa6I,'' there might have been a
p,orters willing to sell for early shipment.
However. there 81 unusually thick ice at thu
navigation is feared. NO, to mention rail.
foad congestion and conditions. Late yes.
,srdny rum3rs were current that labor
t~" of the Western systerns.
.torn-rhe market was unsettled mos,
a. tHs cay Sa d''n "nme ,ss uE'nrn. in wheat
ulati'e trade was not large. and appar.
ent,y the efforts on the part Of clique.
~ Undoubtedly. less support to the marke,
man has. been the case for several weeks
try offerings, because 81 farmers be,nr en-.
caged with their sowing OF oats and other
neId work. but a. an onset there does no,
seem to be a great deal OF confidence In
a maintained cash demand. Interior re.
ceipts for me half week have been $3.50.
time last week and 1900. 900 . year ago
Foreign. markets were steadier yesterday
although no export business was traced
oats-On the whole the market WA.
steady. helped by the rise IN wheat early
and later by the good undertone 10 tn,
only slightly. the movement for three dsv,
totalling ?.2s0. 900 bushels. against 1000.
ouo week ago and 2,e5o.0o0 a year ago
Export business yesterday was light.
ProNisiorS-There was selling for pack
efs and for outside account. The no,
movement was heavier with prices lower
and packing Of hogs for the week IL re
ported slightly over the amount noted last
year.
tbiraRa p-Isc..