The sun. [volume] (New York [N.Y.]) 1833-1916, 1906-09-09
rHE GRAIN
Prices Lower, Receipts Increasing N
weather FMyorMble.

Wheat closed at q decline OF Nc. owing
20 favorable weather for harvesting and
moving the crop, liquidation and the absence
OF an active export demand. Early In the day
prices gave way because Of fair weather over
all parts Of the spring wheat region, Increasing
receipts in that section. selling by recent
buyers and more OF less hammerinE. The
outside markets were all easier and there
was an absence OF support.
Bears were encouraged by the Increase
In the Northwestern arrivals 10 +es cars. a.
compared with % q week ago and 4o7 q year
ago, A further increase in the movement
10 expected next week. The Northwest sent
selling orders. Commission houses sold.
Cable offers were no better and Liverpool
advices to one house stated that there were
no bids In the market.
Liverpool declined 4 TO No. Rarls adj
vanced 10 TO is centimes and Berlin 10, but
these, advices had no effect. Budapest was
Toward the close GOVERNS Of shorts caused
ing for the long % aeccu Il on the idsS that At
main 'R SoSs ss%pS sentiment Isnty in H1 th eur Trade was vas
sSss prlsss %S:t d5lis q stIIi ieSsr levi
Meantime the short interest Is believed 70 be
wheat receipts are Increasing and many con-
tend that the market will soon feel the effects
OF Canadian competition. n.
at only 5000. 900 bush. against 0,Q2l.0 900 last
week and 10, oss. 900 last year; He expects
received AZ cars, Including % OF. contract
grade. and expects 10 on Monday.
"a cable 20 the Produce EXCHANGE said;
Industry reports Russian crops as follows:
Russian winter wheat generally good. with
unsatisfactory Winter rye generally unsatise
factory: oats on an average unsatisfactory;
barley on an average rely satisfectory;,.
said; with an exportable surplus u is of
oonsidsEation what are the needs OF Europe
have in disposing Of Il. Taken altogether.
and omittin9 Russia. the European produc-
tion, does not suggest greater wants than
Kin ITS ns' Is y AWAY. FAR f 6eloSw N re s%i snsaas
and that country. the largest importer. will
is our best customer. Russia may not. be
the panubian. districts and the Canadian
few months hence Argentina will appear
with a probable good crop. and later comes
had no good reaction from a large break.
down beyond much recovery on existing
market. such as we have had IN he last Week.
is more bearish than bullsh. The public is
Waiting waitinS IN S expeS TastSi S of lover 20 PT prices the
market will be friendless.'
THE corn SITUATION.
Corn declined. owing to favorable weather
and crop reports, increased country accept
Liquidation, bearish pressure and the
in wheat. The receipts are incr easing
and 1t is believed by many that the move
ment would be larger but for a shortage OF
cars.
The cash marked at Chicago declined a
and the premiums there continue to
disappear. Chicago received 42s cars. in
234 of contract grade and expects
as on Monday. Liverpool declined I'D.
Secretary Gage Of the Iowa weather
says that three-fourths OF the crop
In that State will be safe by september 20
with normal weather conditions.
THE OATS FEATURES.
Oats were heavy with the rest Of the list,
the decline waS held in check by the
strength Of the september option. Com
houses sold and the cash market was
weak.
There was a good shipping demand at TIE
West, however. and contract stocks there are
partly because Of large tai: lnRs
cereal concerns, and this fact tends TO
keep selling within bounds.
Bartlett, Frazier 4 Darlington said I'VE
believe September holders will get all the
pats they have bought. and with this factor
prices Of the distant months will
work on"
Wheat on the SPOT was quiet. Sales.
December: No, 1. northern Duluth, IL.
1ver: No, / northern Manitoba, s2Lc. Flu |
lures closed &c. lower. Prices as follows:
.E |