Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-04-21
STRONGER WHEAT
MARKET IS NOTED
Sentiment Favors Long Side
Pending Weather Changes.
Export Demand Factor.
BY FRANK /. WELLER.
Associated Press Farm Editor.

There suddenly is better undertonS
in the wheat market.
For one reason the trade has begun
to realize that the 1881 crop has a long
way TO go before its character can be
assured. and until there is good evidence
Of what effect the weather is going to
have on it there may be more sentiment
on the long than on the short side.
1t is expected that wheat prices will
continue strong and until relief in the
way of moisture is received, particularly
IL export demand continues at It's recent
pace.
A serious, almost critical, situation
obtains now throughout Alberta as Q
result of dry soil conditions. e. @.
Hoadly, minister of agriculture says the
Province indicate general drought.
with rain urgently needed practically
everywhere.
CutwormS Appear.
Short sellers Of July and September
! wheat in Chicago and distant futures In
Canada are uneasy and covering. Those
who have been spreading between July
and September in Chicago have been
undoing their spread.
A prominent crop expert has indi-
Gated that there are considerable cut
worms in sections of Kansas and that
the insects are spreading to damage
wheat in small spots in the field.
Indications of Hessian fly lessen COM
ing westward, but cutworTnS are nun1er-
Gus and hot weather is needed to check
them. Some observers say there never
has been so many insects as are in
~ fAA ~
Domestic Winter wheat continues TO
make favorable progress. The crop Is
beginning to joint in Southern Kansas
and Is making good growth In other Sec
tons of the hard Winter wheat belt.
Conditions remain unusually favorable
in the Pacific Northwest. Conditions
for Spring wheat become somewhat less
favorable with continued lack Of sub
soil moisture.
Important consuming countries have
increased their imports, and the
strengthened world wheat situation has
been reflected in a f1rmer tone in do
mestic wheat markets, where offerings
are smaller and mill inquiry fairly &C
tive.
European Markets Active.
Most European wheat markets are
fairly active, ref1ectxng the shortage of
areas Buying has been influenced by
the increase in the percentage of for
eign wheat permitted in milling mix
lures. Prices of native wheat in Euro
pean markets has held fairly steady,
with German wheat quoted at Hamburg
at S1.93A, native wheat at Paris 1T
81 90 and at Milan at S1.6624.
Another important market factor was
the disappearance OF wheat from Ameri-
can farms during March, which was
greater than at any time during the
Agriculture reports the total was AZ,
299, 900 bushels, compared with the FIVE
year average of 81 ,330,00 bushels.
Wheat stocks remaining on farms
April l were estimated at 114983, 900
bushels, which is about 100000 less
than the volume on April /. 1929.
Canadian wheat in storage was re-
duced by. 1850, 600 bushels this week,
, and export clearances jumped more
! than 100000 bushels, compared with
the previous week.
Commission Buying.
Commission house buying on a rather
broad scale developed in wheat toward
! the close of the market last week.
| September wheat gained &C on July
and sentiment was moderately friendly
! to prices indicating, some traders said,
that large following easily could be
attracted to the buying side If current
market actions continued.
The corn market strengthened early
In the week along with the advance in
wheat, but weakened again toward the
close under the influence of continued
dull shipping demand together with
fairly large current offerings. Receipts
at Kansas City totaled SAB cars. Mills
announced a reduction of around 15c
to about 81 a ton in mill feeds in all
positions.