The sun. [volume] (New York [N.Y.]) 1833-1916, 1915-10-28
THE GRAN MARKETS.
Vague Reports Depress wheat
Prices-Big Corn Crop Expected.

During the forepart o. yesterdays
wheat session the list bulged in response
to a mild squeeze OF the short interes,
In the Winnipeg market. Prices AT
that centre gained one TO three cents a
bushel. Ordinarily. sreh a show OF
strength would not have attracted much
attention. but the event served 10 re-
virtually all centres was commanding
premiums Of five to ten cents n bushel
on the basis Of the December deliveries.
The leading markets were subjected
to persistent selling whenever the UNDER
tone gave Indications Of hardening. Ru-
mors had considerable to do with the
selling movements Of yesterday. The
report that canada would soon remove
its duties on wheat found ready ac-
ceptance in many quarters because OF
the relative strength in the Canadian
market. the inference being that farmers
in that country would be In a position
to ship wheat into the United States
without paying All Import duty OF 10
cents a bushel.
Canadian authorities here at prrsen, are
not especially sanguinc "a TO tho likelihood
of the English Government sanCiionlng the
policy OF the free wheat advocates. II is
sgain pointed ont that farmers have big
crops and are receiving rrmunerative prices
for their grain and II would be
for the English governmental interests ac.
tually, to increase the cost OF millions OF
bushels of wheat which they themselves are
expected to buy. Canada has an eSporiable
surplus this year of close to 30 90. oS bushels
Of wheat and the import requirements OF
Great Britain are estimated al 2l5.oV,Voo
bushels.
sun there was liquidation in the domestic
wheat markets during the day on the fear of
A-- 40 ,--.H
over the night. The peace mutterings also
caused scattered selling and doubtless served
TO restrict the outside buying of wheat. No
credence was lar ed in the rumor<hat Italian
interests had resold lO,0GO. 900 bushels OF wheat
here. although some time ago there was
heavy selling of American wheats against
purchases of Maintobas for Continental and
English interess.
Concrete facts rs In the rcccssions were the
continuance OF the ideal weather conditions
through the country, the small prospect OF n
material abatement in the extensive farm
movement and the beArish crop reports from
Australia and Argentina, which countries Will
soon be connecting with North America for
the sale OF their grain. There was alec dis
appointment expressed among the bulls be
cause the days export business was esti'
mated AT only so. 600 bushels.
opal Western terminal points and although
these receipts are not heavy a sentiment al
and the favorable weather conditions are
resulting In large crop estimates. snow says
that the mex, Government report, to lie Is
sued in about ten days, Will show a big
crop OF corn. The selling OF the market
yesterday was also for important speculs-
live groups. the member of which enter.
tained the opinion that the marker has been
technically weakened the last few days. Not
much attention was givcn TO the strong
foreign markets after the opening, The ex.
port business was placed ut sO,eN bushels.
Osts-Fractiona declines were IN response
to the reSess,ons IN Other markets The
stretch OF favorable weather through the
belt Export business WAS placed a to 900
bus hels The market received much support
from tho short interest,
Provisions-Afte early weakness on this
large hog receipts and stop. loss order sell
ing a rally was scored Packers were among
the buyers In the late trade. The peace
rumors had little Influence on the market,