The sun. [volume] (New York [N.Y.]) 1833-1916, 1914-09-03
THE GRAIN MARKETS.
wheat Irregular - small Ne
Chspges-Corn Rises BriskIy.

The publication OF "A reliable estimate
Crcdit.ug Canada with raising onlv 13J,-
100000 bushels of wheat. against 2O6,-
100000 last season. impaired strength to
the grain MARKET neie at the outset. Al
though subsequent price variations ware
AT "A lower plane there was more frregu-
larlty than weakness. Conservatives had
been calculating on $4,000. 900 bushel
loss across tho border. but not one of
20. 900, 900.
The Winnipeg market was quite Arm
on these figures. particularly when II II
borne I'm mind that financial conditions
have resulted IN American houses re-
strlcting their operations at that centre.
con- the other hand. 1t was the break OF
about two cents az Minneapolis that al
tered the initial strong undertone at Chi
cago.
Whilst was declared that hedge selling
and clear weather were responsible for
the comparative weakness at the North
west spreading transactions and even
ing OF speculative commitments had much
10 do with the failure OF the various mar
kets to move alphabetically. The out
side buying of wheat yesterday had
dwindled for q time 30 as TO discourage
some OF tho timid bulls. although more
enthusiasm was manifest late in the ses-
sion when the trade received advices that
Turkey and Italy would soon be among
the warning nations.
The signing OF the war risk bill AT
Washington was bullishiy interpreted
Shipping Of commodities and articles In
general IL likely 10 be facilitated. For
the present there seems to be less doing
as far as fresh sales OF wheat and -four
TO foreigners are concerned. but very fire.
quent and extensive absorption is anti
cipated.
The crop report will be promulgated
next Tuesday Snow has placed the
spring wheat yield at 900. 900 600 agains,
o3e, 900 900 last year: winter wheat a,
e'5,00000o against 520,0o0,000. The
Clement-Curtis estimate is for 1900. 00C
bushels OF spring wheat and $50 900. ooC
winter. These figures were given out yes
terday, but exerted no effect on the mar
ket
Corn--Thc Snow report. fixing III,
corn crop at only 2477Ooo.O 900 bushels
against 2.446.O 900. 900 officially recorded
last year, was looked upon as sensation
ally bullish. The market In consequence
rose sharply after early depression
Many in the trade had been reckoning OF
close TO 2,70O. 600, 900 bushels. but appar
entity the rains recently failed TO result
IN great crop Improvement Pastures
have been benefited. however. by Thu
precipitation. The farm reserves wcr,
placed at only 13i 900 600 bushels, agdins
100000 bushels last year In tn,
/ Clement Curtis report the corn yield Is
forecast at ESQ. 900, 900 bushels.
Oats-Declires were Of short duration
Exporters were In the market and sale
OF over 500. 900 bushels we're consummate6
There were substantial inquiries her,
from abroad, one from Sweden being 70
300 400 TO 100000 bushels OF oats To-
quick shipment Profit taking sales wcr,
readily taken, as were farm oTerlnyi
Z Domestic cash demand was larger anC
when the corn market developed strength
speculative buying increased. Tho Cana
dian crop was said TO total only $50
900 900 bushels. as against 5000. 00l
las. season. This estimate In some quar-
ters was believed TO he an exaggeration
Snow figured the American outturn a
/ 100000. 900, or 5000. 900 under the croi
] OF 1918
/ observation-disclosures declines o.
! CURED. Support was lacking Packer!
were among the sellers. notwithsta nding
! ilrIner hog market The monthly state
mcnt OF Chicago stocks indicated large
holdings AT that centre than had bee
thought. Bullish corn crop estimate
/ checked the downward trend
(-hica po