The sun., 1914-09-18
GRAIN MARKETS.
Vague Peace Rumors Lower whea,
sharp Decline in Coarse Grain.

Al no stage OF yesterdays session d.l
the wheat market exhibit the strength re-
Gently manifested. There were numerous
rallies but these were short lived. The
export demand subsidized somewhat Sales
OF approx mately 400, 600 bushels were
claimed. Speculative interests have be-
come educated to purchase on the sudden
breaks in the HIST and consequently there
was moro or less support of this nature
furnished
Peace mutterings restrained bulllsh op-
eratlons. The market Is very sensitive
to the cables referring TO Germany being
sounded on mediation terms Sharr
fluctuations naturally occur when IL de-
velops that the so-called reliable advccs
are or are not mere rumors. At the best.
such advices lack authenticity. The
wheat trade is more susceptible than ever
at this time OF the war news as the
present date represents the seeding season
In "A large producing area of Europe An
other month OF unnterruDted hostilltIes
abroad would make for graver considera-
ton of this matter In spite of the off-hand
statements that elderly men, women and
children will adequately SOW foreign
lands.
For change. there were selling orders
at Chicago yesterday. thought to emanate
in Liverpool. The foreign market showed
no special strength, although milling de-
mand at Liverpool Is substantial. 1t ap-
pears as II the market on the other side
is disinclined TO follow. to a full degree,
our advances and declines, thus taking
from Its significance.
Country offerings increased slightly be-
cause OF the excited advance since the
beginning of the week. Yet many tele-
grams from the American and Canadian
belt implied that farmers were selling in
"A manner Indicative OF their confidence
In higher values ultimately An official
report gave the wheat yield in all Cam
ada at l60.00O.000 bushels. against 232-
100000 In 1913. This showing conformad
with expectations
Interior receipts for the last four days
total 100000 bushels. against 10000, 600
week ago and 100000 for the same
time last year. Although shipments have
been tremendous another liberal visible
supply increase for the week appears
Inevitable
Corn-The slump In this market was
traced to the break In wheat. larger
crop estimate. favorable weather In the
main for corn cutting and a reduced
short interest. Speculative and cash
house absorption did not materially check
the downward tendency. More compla int 8
OF excessive rains in Iowa came to hand
but these failed To exert any great influ-
ence. Rumors OF additional importa-
tiOns from the Argentine were heard and
less was said OF an export demand for
American corn.
Oats-Llqudating sales were felt for a
considerable time. The fresh demand
'occasdoned intermittent recoverles. but
offerings were always in excess OF the
demand. While some export business was
put through the volume was smaller.
Country houses were more disposed TO sell
Tho Canadian crop was given at 32S-
100000 bushels, against minimum recent
guesses OF 500 100000 and an official re-
port of last year of 405. o00. 900 bushels.
Professionalism prices were ten TO ff-
teen cents higher yesterday. The product
market did not hold the early advances,
however. Recent buyers were accepting
profits and support on tho whole was
feeble