The sun. [volume] (New York [N.Y.]) 1833-1916, 1906-08-05
qME vuN, SUNDAY AUGUST s. 1909.
TEE GRAIN ARKETs
Prices Lower-Wheas Receipts Largo
-CPop RepoRto Favorable.

Wheat closed lower owing TO favorable
crop reports from the Northwest. large re-
oeipts. selling by cash Interests and beat
hammerins. Early In the day the market
was steady owing to showers at the North
west, light offerings and moro or lese cover
Ing Of shorts, But selling soon became gene
raj and the market gave way. The Minne-
apolis market was weak and the Northwest
sent selling orders. The Ohio report made
the condition Of the crop In that State %,
or practically perfect. Manitoba advices
stated that harvesting will begin there next
week.
The indications point to q good sized In
crease In the visible supply on Monday. chi
oaeo got teS carl, including Az OF contract
grade. Liverpool wal closed. Paris ad-
vanced 10 to Is ce ntimes and Berlin u to u
mark. while Budapest fell IA kr.
Oscar X. Lyle said. There 10 no similarity
b etween the conditions making q large winter
wheat crop and those that have obtained In
the N orthwest and 1t 10 not In order to gauge
the probable results Of the one by the actual
results Of the other. Another country Is
always Of important consideration. as 1t pre-
sent Q q formidable competition In selling to
Europe. In Argentina the complaints q dry
A &sssh tsr ss. t aul s ssed t b. f 1oSSssst ' FS S nSlasr
stand why locusts shou Id be In evidence In
the winter Of Arsenti ma It must be known
than in this country and 50 mild are the winters
d Ard ,ss ssSTlIns n tAs entire 4 S Wt5,.I ss s|IIIas f + any noy
one Of the crop dangers. The wheat pro;
duoed is all Of the winter variety, and Ia a hard
Il ThiS Is a '2 RaTdy plant sant and Il iit fHl s Msespt 6[s' to
reasons the crops OF Argentine can pc reck-
ing and Tie worst features lie In inadequate
storage room on the farms and poor trans
people whose circumstances make them
IN the week the home prices have, made low
s SSl1fsa 3h sal Sa + dStSs q * ys SaS Sas1 ~. ssseh 20
" il haTe o. bea nsd Seasls fsls e l OF Ti tl@e. w Peiss
has now reached a level that, should be salts
factory to Europe IN buying our wheat.
ton. for so long as we give no encoura cement
that thu, decline Is spent Just SO long VIII Eu.
Tope Walt aat;re When hsa the sSoT enp sSIlse business Is nes m assSns fs
buying, while on the other hand I see no rea;
sons for selling short that have not been well
!llInois and Indiana. bSiiIsh crop reports
later the market weakened In sympathy with
wheat; The crop ? reports were ID ne main
Oats were easier. with the rest Of the list.
Pit traders o. Chicago hammered, Larger
receipts, are expected. In the nesr future.
The Ohio State report made the condition
a. against 70 last month and Of last year.
Country acceptances were larger
Wheat on the spot was active. Sales
sec. 900 bush, mainly fol, export, No. 2 red:
No. ! northern Duluth, Sc; over: No; 2 hard
lower. Sales. 500 900 bush. Prices asfollows:
Omen Htgn- Ioy- C.o,- Pr...
iss :s:ss:;! 81. 8; * 81 * II II #, '' q; *
Oats were dull on the spot. Sales, 1000
| bush, Natural white on track, 80 to SO lbs.
s5nssso.; white iclIpped on track. 50 to 50 lbs.
ne spot. No sales. No ? mixed. ssEO'
$4,000 bush. Prices as follows.
optn- High Lou Clos Prev.
fs sss%Ss & e ~ - ~
Tho movement was as follows:
New YORK: " a. G Sess; @ oa K, Ry'. Barley.
E1poru...... 80. az ss ... 80.
peceeiTpttssO,., az, 100 issyooo $4,000 5000 5000
ship ments.. y. 5000 %0o.ooo il7.ooo 1000 1000
Ri NalO.