The sun. [volume] (New York [N.Y.]) 1833-1916, 1915-08-24
THE GRAIN MARKET.
sharp Wheat Losses-Politfcal Adj
vices and Weather Depress.

Two TO tnree cent losses IN tho Wheat
list were general during yesterdays
session. At Minneapolis cash wheat
values dropped about fifteen cents a
bushel. More han 100 cars of new
wheat We're received at that centre and
the demoral!zed cash market resulted
of course. the great weakness at the
Northwest was primarily In the nature
of a readjustment between the old and
new wheat quotations, but the early
and considerable movement Of the new
spring crop is of deep significance.
The contract markets seldom rallied.
Reports OF a light frost In the Canadian
belt caused a little apprehension and
there was more or less short covering.
with other buying ~predicated. This was
chiefly on the realization that wheat
had already suffered a drastic break.
new lows having been established again
yesterday. But there seemed TO he
plenty OF wheat for sale at all times.
The hedge pressure natural continued
n the bears were emboldened by the
evidence OF liquidation for interests who
purchased several weeks ago.
Some foreign selling was reported.
This aggressiyeness on the bear side was
associated with the reports suggesting
that the D~ardanelles would soon be
forced. Many In the wheat trade are
80 f''fF NS'' AAhN Nicf' 80 bAAh ~ Nv
wheat for all requirements, so that the
bugaboo OF the Russian eXportable sur
plus OF perhaps 100. 600. 900 bushels is
ever before operators the world over.
Private English cables were TO the effect
that wheat and barley were being re-
sold at Liverpool on account OF the news
concerning the Dardanelles.
Near the close OF the session a report
was spread from Amsterdam thai Ger
many might soon sue for an honorable
peace because OF the exhaustion of its
financial resources. The statement
clearly served to inspire fresh selling
Of wheat, There was also ~disappoint-
ment over the small export business con-
for the day, even though the
inquiries were quite numerous.
The visible supply OF wheat increased
$4,000 bushels for the week, bringing
the total to S,lO0, 900 bushels, against
80, 900 600 bushels last year. Primary
receipts for the day were moderately
under those OF a year ago. but a heavy
movement IL expected this week. as
the indications are for clear weather
for a time over much OF the country
torn.-Thc market did not fully re-
sist the effect of the decline in the other
markets. Demand from shorts pre-
vented the list from going back very
far. however, Prospects OF cooler
weather for the country led to IA feel
ing OF caution in various quarters. Crop
advices were rather mixed, but on the
whole were quite satisfactory, and n
big Yield il looked for II the frost date
Is late. The country offerings increased
slightly YESTERDAY, hut the cash mar
kets remained relatively steady. In
terror receipts for the dav were only
5000 o bushels, against | 200, 900 bushels
"A year ago
Oats-The prospects of clear weather
over the country undermined the market.
Considerable of the selling was also In
duced by the depression In wheat, Bears
predicted "A greater volume of he'd.
offerings In the near future. The Wis
lble supply increased l,O24,O0O bushels
for the week, hut the total is still very
small and old oats are scarce.
Provisions-The list was helped hy
the reduced hog movement and by the
peace rumors Active buying was not
seen, however The weakness in grain
was against the market,
Chicago urlpos