The sun. [volume] (New York [N.Y.]) 1833-1916, 1914-09-06
THE GRAIN MARKETS.
wheat Fafls to Retain Early Gains
Corn and Oats React.

The transactions in wheat at the open
ing OF the Chicago market we're made at
the highest of the season and proved 20 he
the best quotations Of the day. Sufficient
profit fading and hedge selling were on
,ountered to turn the course OF the list
downward. Ensuing declines were not Sc
we're, however. In spite Of the weakness
displayed at some other centres, notably
AZ Minneapolis and Winnipeg. These
markets were called upon to absorb a
liberal amount OF selling against pur-
chases OF actual wheat in the country. and
prices suffered reaction OF about three
cents a bushel in consequence.
Commission houses In general had a.
many selling orders as buying orders. and
IL was evident that speculative Interests
were tempted into drawing down their
profits over the week end. yet there was a
unanimity OF opinion that nothing would
occur during the holiday to suggest an
early termination of the European war.
II liz understood that there were fresh eS
port sales OF wheat and flour consum-
mated yesterday although the aggregate
business was not believed to equal the
proportions OF the recent sales. Repre-
sentativcs OF foreign Governments con-
tlnue conspicuous on the Exchange and II
is not thought that they have completed
their mission OF buying foodatufTs and
feedstuffs.
! well defined report circulated TO the
effect that prominent members OF the Chi
cago Board OF Trade have ntmated TO
strong local export houses the desirable
| ity Of curtailing export trade with Euro
/ pean houses for the present so that the
wheat market would become more tran
quill.
/ The reports OF Friday that tho large
! -four companies at Minneapolis had sold
/ more than 100000 barrels OF flour to
France were denied Nevertheless there
/ ~ d considerable -four business passing
| and the inquiry yesterday was for fair
! sized lots.
on Tuesday after the close OF the mar
ket the Government will publish crop fig
/ ures which are expected 10 Indicate a
/ winter wheat yield OF 6s5. 000. 900 bushels.
/ against SEA 900. 900 n year ago a spring
wheat crop OF 10000. 900 bushels, COM
pairing with 2io.0O0,00 last season. The
trade IL not likely 20 he affected IN an
important way by this report. as the war
news, the export situation and the attitude
Of farmers are the dominant market In
fluences at this stage.
CoRN--An easier tone prevailed in
sympathy with wheat and on larger
supply Of offerings from speculative
sources. Very favorable weather condi-
/ tluus prevail for the cutting Of the crop.
Frost recently In Iowa did not iniict any
damage, the crop being too far advanced
Stin farmers are not selling much and the
supposition is that the early movement
of the new crop will meet with an eager
demand. particularly II grains In general
arc under the influence OF the European
struggle. Tuesdays crop report is likely
to show Weld OF about 2eio O00. 600
bushels.
OATs-As in other markets, there was
quite little realizing for outside holders
! Country offerings, II anything, were a
shade freer. The price list did not &c
down materially, however as there were
claims of a continuance OF the foreign
demand for oats. The Government figures
on Tuesday should come close to LOO.
100000 bushels against the outturn OF
112l, 100000 bushels In 1918
pRovIsIoNs-The market moved In sym
patty with grain and with the depression
in the hog market. Farmers are moving
live stock. having in mind the high feedinf
costs. Meanwhile the problem OF IN,
South In marketing It's cotton checks tho
cash demand for meats In speculativ,
quarters sentiment II mixed
Chicago prices.