The sun., 1914-09-15
THE GRAIN MARKETS.
MIS- Break In whsat-Eisht Cent
Decifpe-Oats Dswa o Ceats,

BfG Break In whsat-Bight OeAt
Decnse-oats Down . Oeats.
Under pressure from the commencement
OF the session yesterday 70 the end
wheat values had a big drop In The olos-
ing dealings there was Generalization.
with sales ho. apart at timea The list
Is now about 20 cents beneath the best
levels of the season. II wss estimated
that tho wheat and nour export sales
for tho day. made possible by the melt
ing Of prices. we're equivalent TO 100000
bushels This business with foreisncrs did
not infuse much courage into local wheat
bulls.
The msrhe. broke under ths weight
Of the immense farm movement News
that the foes OF the allies werc again
being repulsed contributed. Tho CATCH
ING OF stop loss orders for speculative
interests quickenod ana extended the
downward trend Of quotations. In oasos
there was reingtating OF holdings by op-
orators who wore fortunate enough TO
accept their profits before tho crash that
had its inception about a weak ago, but
tho liquidation ana hedge selling was
persistent.
The interior rooeips of A,sbi,ooo bush
els for the day were q record for this
period Of the season Comparisons are
2.ls0.Doo ana 1850, 900 for last week and
last year respectively An increase OF
l,75s,o0o bushels in tho weekly visible
supply statement was posted This had
been looked for. Somo heavy rains fell
In the American and Canadian spring
wheat districts over the week, injuring
wheat In shock and re;arding tho ship
ments. Such advices were Ineffective as
u market infuenoe although the unsettled
weather IN conjunction with the sharp
depreciation Of wheat values might easily
lead TO another period OF holding by
% t. 1.A thr,t Ifarn
posn requirements. aside from the war as
a factor. are heavy on account of short
crops recently harvested.
pea,o prospects, and reduced inquiry
from England and France adversely af-
fected prices ut Liverpool. where tho mar
i.ct was about three cents lower. A fur
ther sharp setback is expected at that
centre this morning Tho trade s now
giving more attention 10 news from Al
gent.nH. where the wheat area 10 is. .ses.-
600 acres, against 1e.e85.o 900 IN 1913. and
from where ths news suggests an out
turn under the normal Argentina In
one OF the chief competitors Of tho United
States during tho winter.
Corn--Ths undertone was vealt The
fact that this market did not contain a.
many speculative '1onsr' AZ were inter
ested In whest and oats explained It's rcla-
lively smaller decline There was. how
ever, considerable pressure At various
Ntdger fOrclRfl VhueB were moderately
| lower. With Argentine offerings pressed
! tor sale Domestic cash demand wa
more liberal on the break and reports
! indicated that farmers were not selling
nuch, yet support IN tho contract mar
lsct was not Impressive Heavy rains
/ continue In the West, giving rise TO some
apprehension, although this moisture Is
/ helping the very late corn and pastures
| The visible Increased sac, 900 buahels
| for the week
/ Oa:s--The violent decline was ascroed
! principally 20 The slump IN wheat Hedge
selling. stop loss orders and the increase
/ OF 2.3io.oC bushels IN the visible sup
| ply statement were other influences Ad-
I vices ns 90 the export taSiurs AZ me de-
"line were contradictory. Conservatives
tc'tured Tho opinion that pretty fair
| bHalness paesed.
ProyisionS--Urtr che grain markets
became psnicky the undertone IN the pro-
vision maTke. vus strong Short covering
! ana fresh buying we-e IN good e,,ed vol
uine. Prnsnciai conditions stfll operate
! against Investment or speculative demand
| iu hor productr
| Chicago ur,re-.