The sun., 1909-06-15
TIE GRAIN MARKETS.
Prices Advance, Theu Deciine-Wheat
Harvosting Under Way-Eariy Move
meut Expected-Incroasod Kansas
Estimstes-LArge Russian 8hipm ents.


Wheat closed lower. owing mainly to
favorable crop reports from the Northwest
and most sections Of the winter wheat belt.
expectations OF early and rapid marketing
and general selling.
Bears were encouraged by more favorable
crop reports from Kansas. There Is ten
denoy to increase estimates Of the yield
in. that Stste. Harv esting 10 under way
In Oklahoma and the work has Just
commenced In parts OF Tennessee and
Missouri. Prices are higher and the belief
of very many Is that farmers will sell freely.
Crop reports from the spring wheat region
could hardly be better. Moreover the re-
ceipts at the Northwest were consid erably
larger than a year ago. The cash trade
was quiet, With prices easier at the South
west. Fort Worth. Tex, report ed that new
wheat is moving and that the quality Is ex-
cellent.
The Russian shipments for the week were
more than 5000. 900 bush. larger than In
the same week last year and the total
worlds shipments. according tn Broomhail.
amounted to II, ,Oe4, 900 BUSH, against 0, ASS, =
900 last week and s.4so. 900 last year.
Bears say the prospects are for : yield
IN H;ns H..s. 10 per hcSsoh n.9 4o.a
was estimated at 7S.ooo.o 600 to 10000. 900
Ss Yield dsr,ssS I. csG Sus sss .H-s issS Sc
smother depressing factor.
ana P.,r:1 s.,e Logan Chaplin Harris
t,on H Tha, n w was sd due to further rains IN the
southw est; commissicp house o 6Iyins and
support: The short ipseres. is believed
II rs. ,, va: Exported in some q ,.h. south;
70 SsSe caused % %considsrsbl. dsm.s. parts arts
ported In that state.
good cssh demand. The stock 81 Mime
spoi!s decreased 4oo. 900 bush. for two days;
st. Louis advices said that farmers will
.s s:..:d ,s, .isrS oSo bnas Ths visible supply de-
soon became sellers, Most people are
early moysment Of new wheat on . liberal
scale. Mlllers moreover continue g buy
g ind %enG 70 hss peey w
thing serious happens to spring wheat.
" Mesntims,i sI,,i however there Is tendency
said on. trader: What do | think Of
vheat' For ten days the. Pattsn house
has been selling. Everybody has seen It..
And everybody Is besrish on July. You
viii happen '' " '
THE CORN SITUATION.
Corn advanced At first on further rains
and wheat's early strength. but reacted
later on commission house and other liaui-
dation, The oash market at the West was
.@spfts aud s.p,e%ber. The The vi"iSis inc iner.ssed
5000 bush. against an increase Of a. 900 last
week and a decrease Of COS, 900 last year.
Liverpool advanced k6kd, RrooInhall
stated the worlds shipments at ,7el, 900
bush, against 4.s7o.000 last week and
$3.50. 900 last year.
THE OATS FEATURES.
Oats pursued the course taken by other
cereals, advancing early and declining
later. The crop news was favorable. Tho
cash market was quiet and easy. The
visible decreased SOS, 900 BUSH, against an
increase OF 30 900 last week and decrease
OF .lS2. 900 laat year.
THR SPOT MARKEn.
wheat was quiet. Sales. $4,000 bush. for
export at the outports. No red. ii.Si
{. 0. b. ahoat for export: No. northern
Futures closed idAc. lower.
Corn was dull. No sales, No. . mixed
in elevator. sc. No. white or yellow
I. o. b. atost for export. sShc Futures
closed unchanged to Hc, lower:
Oats were dull. No sales. Natural white
on track, % to "a lbs, s2dS4o.: white clipped,
- to 80 lbs. es>Ides11c.; mixed, 20 to 81 lbs. !.
s?Sc. u
T. o. b. New York. Barley was dull Feed
ing, ssd SIC. c. |. I. New York
Futures were a. follows: