The sun. [volume] (New York [N.Y.]) 1833-1916, 1914-10-01
GRAIN MARKETS.
Confusing Price ChsnEes---NrrLet.
Recover From Early Weakness,

the export cali for wheat wac faint
yesterday and the various cash markets
were depressed from . to = cents a bushei
Liquidation IN the future" markets was
unabated. with stop loss orders more fre--
quently uncovered There arc many ad-
Nocates Of higher wheat levels. but dlsSat-
l.faction is still expressed with the re-
-ponse that the list makes n TIE news
OF a ouliish import. Some % the large
interests contend that the technical po-
sition remains vulnerable Nevertheless
they are not possInlsti, and view tho
present slacl,eninR OF tho foreign/demand
az temporary. European buyers have
not LETT this country; in fact. fresh ar
rivals have registered Tho sales for ex-
port Yesterday were estimated at only
30o, 600 bushels
Selling from large cash houses subsidrd
after quotations had been lowered close
10 . cents. simultaneously It was reit-
Grated that farmers In this country and
| Canada were disinclucd 20 sell muCh
grain. IL may be the beginning Of a dead
lock between tn" producer and the for
elgn consumer but il vii. be O.tiicult to
dissipata the confidence OF holders while
the struggle abroad lasts Remarks from
| the Secretary OF Agriculture 10 the ef-
| feet that the world VIII want tho grain
crops OF the United states for many
months 10 come and preparations by tine
| lighting nations for a winter Cdfnpaign
have great sentimental bearing In circles
where higher wheat prices are being an
ticipatod The diversity of opinion, how,
| ever. among tho bulls, Ia regarding tho
| basis from which the next rise in prices
| shall receive It's inception.
| The routine news yesterday w1s mixed
| Very favorable weather conditions pre-
gHssNN L.. IT,.
| ceipts have not &pprcciablv dropped.
| Reference WAS again made to- the Immense
area that IL going over 10 American
| wheat II Is said that the United King
| dom and Italy will also seed a greater
! amount OF land. The first estimate Of
the Argentine crop for the coming sea-
| son was promulgated, this from Broom.
halls agent Tho guess OF 10000 600
bushels was ventured. against 1872 Q00.
! 900 year ago. on tho other hand tho
! Russian wheat crop was officially placed
at 77a.o00,o0o bushels, Is compared with
97I000,0o0 IN 1913, ana the rye yield at
| $4,000. 600, against oil, 600 00O bushels
| This shortage Is really larger than had
been previously calculated
Corn--Lquidat!oH Of September hold
ings was Il feature. In addition there
was selling by cash houses. The long
stretch Of ideal weather has inspired
new crop offerings from Missouri. ILL.,
| =,
short covering and q better domestic
cash demand rallied ;he market. The
Price Current repeated its recent esti-
mate for q corn yield Of from 300. o0o-
600 bushels 20 $500, 900. 900, gain II
2,470 600 600 last season.
Oats-Ono ~ the large specialists at
tributed tho decline In tho market TO
an overbought condition. with many
weak holders yet to he eliminated. no
maud from export houses helped To- steady
the l'st following tho early Liquidation.
S1lcs to FOREIGNERS were said TO total
31o ooo bushels. There have brcu lnti-
nations OF moderate country offerings
desnitc tho recent lowering Of values
Provislons--We1l;rCSs In the hog mar.
, ket and henvler slauchtcrlng toaather
/ with the decline IN grain made for an
: ensie- opening In tho provision market
Packers We're willing o buy, however
! and the forecast OF hulish monthly
! statement OF Chicaro stor'Ss was cr-
fectlve in chnrrIng the undcrtone.
q Chicago prices.