The sun. [volume] (New York [N.Y.]) 1833-1916, 1915-05-06
THE GRAIN MARKET.
Bumper wheat Crop OutIook-Re-
actions Throush List.


The Snow Bureau. in its monthly
forecast, told OF winter wheat crop
promise of 675. 900. 900 bushels These
figures were published yesterday and
represented the greatest crop possible
uy ever reported in the history OF the
trade. year ago there was an en-
vable outlook for $40, 900. 900 bushels
and TIE final proved to be a record Of
Ss2,00O,00O bushels.
The wheat market broke under the
influence Of the Snow report. II was
taken for granted that the Government
hgures. to be issued on Friday, will
confirm this private estimate and APP
parently many in the trade were In
clined to liquidate their wheat holdings.
Bear pressure was intermingled. Early
fractional advances, predicated on for
eign buying and miscellaneous short
covering. were soon converted into sub
stantial net losses, with the final quota
tons at the low of the session.
Much stress was laid on the South
western selling OF wheat This pressure
was observed despite the insect COM
plants from Kansas. Missouri and
Illinois. A frost In parts OF Nebraska
led to fears OF retarded wheat growth
OF course IT is realized that the enor-
nous American and Canadian wheat
area and the splendid condition of the
uo'hestic WINTER pant arrow LOT con-
slueraune ue'et'oralion w''hou' seriously
yeoparuhihS 'ne forecast Tor crop IN
North American fully 100. O00. 900 bushels
in excess OF last years unparalleled
total OF 1850, 1000. 900 bushels. such a
yield would furnish an exportabla sur
plus Of more than 4O0, 900 900 bushels
and would represent a very 1arg, per-
,,,a Vi WIG "o'" ''po'' require
M. 1890, ,., -
s,irh,,,, 10, .x.s. 90 10 coo s,is,u
,,,,a,,s ~ 49,, $1,000 ous ,
49,. " " ' ~ NC" op
,,,,,,,, .',t u.u ~. ~
s,s u,n,,,,, Iii, -, - 80. 80,
Arch,n,,ai nv, ,,,,,,r w M. ,' ,.n
oxnnr,a,ta - III, 80 80 'na' ,'e
- ' va Ia po' - VIZ" NV,
-h.a, ,.o,,,S -, l., ~ 'o' wv
nro,o. -, ~ ,,,.s,r
c,tv in m. rrni,sa SEE. as ,,,o,,,rsa
nv som. ~ m. is.Erg .xnor,.r. and ,h
usuaI conditions nroyaii,n. s,a,.,rsn,
from a nrominent msmh.r q, IN. ,o.rai
grain trade was read with Interest. n
was said that the Pacific Coast was
shippjnR wheat across the rn,unta.ns To
the Minneapolis market also shipping
winter wheat to New York via the
Panama Canal for transshipment TO
Europe. due to the inability to get direct
freights from the Coast and the COM
paratively lower cost Of utilizing the
canal
the worlds supply OF wheat de-
creased hoo".oo" bushels FOR the week,
against decrease OF lo.oOo,ooo year
aso' Inc STOCKS IN the United states
vi gwen AZ 'i'ooo'oo"' against Vs.
ovV,S' 40 na Isl year. tne amount III Canaua
a io'V"v'ooo' asaIlS' si'oV","o"' ana the
,o"''",eu wiz" ,v'v'oo" 'aS1
avn, ~ ,,,a,., 49,, 80 , ,a'
sbo,,Id ,o,,orar;,, ,nora, -, ~,
tive huviny ~ nav crpn wb.a, 49,. ,,o,,,
esneciaiI,. with tho nr.yai,i,s disonn,,
of the next crop deliveries
Corn.-There was "A decline % mora
than a cent "A bushel due TO m. recession
in the wheat list Timid shorts had
been forced to cover early nv TN. pur-
chases for the account OF large ash
interests and exporters. II deyeloped
that close TO 400 600 bushels were sold
for export, but this quantity failed TO
stimulate the market Outsiders who
bought recently on the lead from strong
Western elevator concerns we're anxious
TO hquldate. The prediction OF larger
country offerings IN come after comnle-