The sun. [volume] (New York [N.Y.]) 1833-1916, 1915-09-15
THE GRAIN MARKET.
wheat Irregular-A Weather Mar
ket-Corn and Oats Hold.

wheat Irregular-A weather Mar
ket-Corn and Oats Hold.
As was feared in many quarters, gen.
eral precipitation visited the spring
wheat districts yesterday and the mar
kets quickly responded with advances Of
2 to 4 cents. The rain was not heavy
except at widely distributed points, but
the experience of the Southwest dur
Ing the August wet spell Is still fresh
In the minds of the various members Of
the trade.
Private reports stated that the condi-
tions Ian the Canadian northwest were
bad and that farmers had virtually
ceased to sell, 30 that premiums on cash
wheat were again raised. There were
similar reports from the Dakotas and
Minnesota. Conservatives we're not I'M
duly alarmed, however, their contention
being that no concern over the delay
In threshing and In movement need be
felt because of the u~nfavorable weather
for only thirty-six hours.
1t was evident hat these authorities
were willing to pay respect to the in
herently strong cash situation, but they
argued convincingly on the prospective
change for the better In the weather.
The official forecast indicated a cessa-
ton of the rains over the Northwest
and a continuance OF the bright condi-
tons over the winter wheat area.
As cast wheat levels have been raised
from Z to IL cents a bushel from the
recent low. farmers are likely to show
a greater inclination to dispose of part
OF their crop. A stretch of dry weather
might easily mark the inception of a
movement which will finally compare
bearishly with that Of a year ago. In
terior receipts for two days this week
total $500. 900 bushels, against $780,
coo last week and 7.5S0,000 bushels
a year ago.
more divfded than for some time. The
markets action yesterday indicated a
fairly good but confused outside trade.
Selling by large Western cash houses
stood out. these offerings representing
In a measure a recurrence of the hedge
pressure. An Offset was furnished by
the frequent mill buying and the taxi
ings for export account. tho latter ex-
ceeding 500. 900 bushels.
Foreign crop conditions as cabled By
Broomhall follow:
Observation-Disclosures still u~nfavorable
over a Wild area, dryness being pro-
nounced.
United ACKNOWLEDGEMENTS nearly
finished wheat yield only an average.
France-Yields very deficient and inn
portations will be liberal.
Germany-Food supplies liberal fod-
der crops poor.
Russia-Rain against harvest and
crops quality.
age: barley and oats poor, fodder bad.
India-weather generally favors
seeding.
Australia-Excellent crop prospects
fully maintained.
Italy-Weather very wet wheat
prospects lowered importations will be
liberal.
Corn-rhe market acted more en-
c~ouragingly to holders. There was some
buying. This was said to be on fears
OF frost. but It appeared to be a pre-
text. The official forecast pointed
toward higher temperatures and the
frosts In sections Of the Northwest were
not regarded as sufficiently important
to explain the lists steadiness
Reports OF further fair selling OF Ar
gentine corn at New York, with sew
eral cargoes offering. were spread. but
the market here was scarcely affected
Receipts for the day totalled $50, 000
bushels the cash premiums were
lowered a trifle. The consensus was
that some Of the large shorts were ac-
cepting their profits Several Of These
operators favored the long side Of the
wheat list.
Oats-Speculative trade was rather
light and the market acted inch the
same as did the others. There was the
usual appearance of hedge selling on the
upturns. which prompted some Of the
professionals to work on the selling side,
Export demand showed a slight i'm
provement and a light business was re-