The sun. [volume] (New York [N.Y.]) 1833-1916, 1916-04-11
THE GRAIN MARKETS.
More Bul1iah wheat Sentiment
Fresh Crop Com lsints.

The trend Of wheat levels was upward
during the greater part OF yesterdays
session. Exceptions to this tendency
were at the outset. when attention was
given to tho favorable weather conditions
for the growing winter wheat crop and
for the seeding of spring wheat. while
toward the close Of the session there was
sufficient profit taking to bring about a
sctback Of a cent a bushcl. Part of the
late selling was attributed to the fact
that owing to the election at Chicago to-
day there will he no session on the chi
cago Board N Trade.
The relative strength OF the May de-
livery at Chicago did not go %unnoticed.
especially as much Of the buying In the
general markets was inspired by the pri-
vate crop reports telling of large aban-
doned areas in the winter wheat sections.
Of wheat being %ploughed up In Nebraska
and OF green bugs In the extreme South
west. II is not believed that efforts are
being made to control the May delivery
at Chicago. but a strong technical sit
uation may rave been established. Ms sell
ing Of that position against purchases or
July wheat has been popular Oh the
theory that there Is plenty Of old wheat
available aud that unfavorabl crop con-
ditions and scarcs should exert the
greater influence on the July delivery.
several Of tho large commission houses
have ,gain become aggressive on the buy
Ing sid. ~ the market. 1t has been pointed
ont that while seasonal weather In April
H. likely to result In better winter wheat
crop accounts. tho declines In official win
ter wheat crop reports from April to har-
vest during tho past ten years have aver
aged ahont Q per cent obyionsly. a cor,
comparatively small winter wheat out
turn.
sur. early YESTERDAY several advices were
received Of prospective active seeding in
ne spr,ns whra, o".n'ry ~, w.ek, X
miller. were buying Canadian Wheat duty
paid In preference to American wheat.
However. the markets course Is being
mainly guided 10y the tenor Of the. winter
Thc .xpor, business Yesterday was es,i-
mated at 500 600 bushels
The Visible rnpriXn o"d wh"tt a. W."
81. soc. 900 in the previous week and IS
900 600 q year age: When there va a 70
$50, 900 q year ago
were very slight. aui during most 81 IN"
session the price list moved IN accordance
with tho fluctuations Va wheat. som"
ommcn was made on the hotter weather
for tn" farm moN"fu'ut. hut receipts AT
thi. tim" are ouly slightly IN excess OF
those ~ . year ago, aud the trad" does
not believe that there VIII b" much Of an
expansion IN III" movement, ts farmers
ar" busy in folds. English rrark"ts for
corn wcr" again ttiu, duo 20 ia" tlsen'"
% offerings from Argentina. Further pr
vat. reports wore ~ hand. estimating tn"
Argcntiu" "Nportahi" surplus nf corn At >',-
GOO. 900 bushels. AGAINST 100. oo", 600 bushels
last year. bu, similar adyir"s have hceu
received and confirmed recently hv ori-
Gals. The visible supply totals .,"o", o"o
bushels. against %, S0". 600 III tn" previous
week and r 1000. 0on "a wear ago.
pats-Scat'ered liquidation took rlaro
during IN. carly part Of III" day on tns
adorable seeding weather through the
W.~t There v"r" rrports that canadian
IA A,Fr F,tNtlAVlN t4aAuET than tho
American oats fpf 'Npuri values her"
yer" largely Influenced h, tho action Of
other markets and 10! tho f't' ttt' country
uN"riugs ar" hight. Tho Visible supSly
totals II 600. o0n bushels against -. aOu mo
In tho previous week and 5000. 900 last
year.
Provisions -I,arg. hog receipts ~ Chi
raeo and at some ~ tn" other Western
points caused declines averaging loC.
through tho hog lis'. but tho. product
market was not greatly affected.
chicago prices: