The sun. [volume] (New York [N.Y.]) 1833-1916, 1915-09-22
THE GRAIN MARKET.
Wheat NEUTRALITY-SUSPICIOUS. Grain
Coming-Frosts In Corn BELT.

The wheat market Of yesterday was a
" sided flair, deriving most of its
early strength from the action Of the
Chicago September position. A tech
meal ruling by the officials OF the Chi
cago Board of Trade making 1t man.
datory to deliver "clean'' spring wheat
on contracts aroused some OF the shorts,
as did the reiterated assertions that a
further squeeze in the September posi-
ton might be seen.
The receipts OF wheat for the day
did not occasion much hedge selling. al
thought the total of 2,737.000 bushels
was close to the big movement OF a
year ago. There was relative hrmness
at the Northwest, emphasizing the large
requirements of the home milling trade.
Nevertheless the temper Of the trade
was not bullish and there was much
heard concerning the suberb weather
now prevailing for threshing and the
movement OF grain and OF the inevitable
expansion Of the farm movement. with
It's accompanying washing OF cash wheat
premiums.
The slow downward swing to values
set In during the afternoon session.
some OF the large professional traders
were working for lower levels. en-
Outraged by the presence OF leading cash
houses on the bear side and by the alb.
sence OF much support from the outside
commission houses. The export buy
ing was OF moderate proportions, reach
ing 100000 bushels. OF which total abou,
100000 bushels were Manitobas.
Gossip that large quantities Of Canadi Ian
wheat are likely to come into the United
states Is still rife and undoubtedly springs
moval Of the duties. The Toronto Oiob,
says editorially; The removal OF the duty
and the restriction on the use OF Canadian
Mheat In the United states would add SIS,
eoo,ooO to the values OF western Canada's
harvest That Is a lot Of money to throw
away for a whim. How can Sir RObert
american markets to Canada's export
wheat In face of the fact that American
buyers offers In Minneapolis are from.
TO lie. higher per bushel than those for
Canadian wheat and this for wheat dis
ttnctly inferior to the splendid grain nov
p% In,IITns Into winnipeg at the rate of a
Broomhall's foreign crop summary says.
United kingdom-Crops mainly secured
France~otacia, report place. whea,
yield at 2io.OOs.o0o bushels. against Si2,.
Oo9. 900 a year a\
bushels. against 1853. 900. 900 last season
but quality inferior.
Germany Yields liberal: harvestin,
generally finished.
Russla-wheat and oats yields much
under earlier expectations.
lndia-Good rains have fallen.
Australla-Excellent prospects are main
tained.
Northumberland prevails generally.
Corn-The first real frost Of the season
was reported yesterday. There was a sea,
OF damage to the crop in the Northwest
and In sections of Nebraska and Iowa
where the frosts were heavy and the plan
Is late. 1t will require a few days e
ever.
shorts were not much alarmed by tn,
cold weather reported. They said ther,
would be plenty OF corn and other food
sturs. even though 200. 00o. 900 bushels
may be taken from the present corn pros
poet. The market sold on rather slowly
due to a degree to the wheat decline anC
20 the outlook for higher Temperatures
through the corn belt.
In view OF the frost there will be {
tendency to note the extent OF the coun
try offerings during the week. Receipts
recently have been OF liberal proportions
the movement being about three time
greater than that of a year ago.
-Oats-The small losses reflected tn,
enect OF the declines In other grains
Hedge pressure was light. although IN,
weather favor~ a large movement and bear
took advantage of this prospect. Expor
buying did not seem to be heavy. Their,
seems 10 be further underselling BY North
western and Canadian interests.
Provisions-Packers bought moderately
Reports of a better cash trade stimulated
some short covering. Fresh outside buy
ing was limited.
CHICAGO nriCeA.