The sun., 1915-10-31

THE GRAIN MARKET.
Reaction In Whcut--UiI Receipts
rCN-Oihcr DccIiMrs.

Nhic thorc wcrc No startling declines
in the wheat Lis, during yesterdays
short session In" setback was mot rel
ished by some nr tine important hull ia
tercsts. II was realized that outside
trade was more easily stirred 10y an AL
vanctng tendency than hy one Of irrrgu-
larity. Much of the selling WAS uu tho
fear uf - larg, movement nf wheat nScr
tho week end and on the suppostiou
th,t farmers would not hold wheat
tcna"iu,Isly ~ shout the current levels,
especially as tho perfect weather roud'-
tions of the pas i,w weeks remain in
force"
There were predictions ui slcet storms
Tor parts of the Canadian northwest d.
but the market was not nppg", ably af-
fcctetl. Weather conditions arr not II
vital factor in the wAcat market at
present. a stretch of bad weather would
merely result in n temporary delay in
the farm movement. II is conteudef by
certain tlevatDy interests That the trade
has not fully appreciated the superb
weather Tat permitted of cnormOuS
spring wheat yields being Eatlrrr.d
without impairment tn the qualify of
the grain. Conditions have been In di-
rect contrast tn those which resulted
IN the excessive stocks of mImcrChanta-
bic winter wheat,
The reports from Kansas city yesterday
were that the heaviest movement OF tho
season IL 10 he expected next week. Many
farmers have completed the bulk Of their
fall work. There we're predictions %! a
1000, 900 bushcl !ncreHsc In the visible
supply statement to he issued u. morrow.
Duluth expects about l,sO" cars over the
week end Wlnnopeg about 3,juh aud Min
neapoiis more than Loot" The spring
wheat markets were comuaraiiNeiN heavy
pressed relative to tho Cnnadian wheat
duty question, hut Il Is becoming very
a Il
awaited
The foreign markets were not 50 robust,
Heavy supplies are en- r"ut" Tor English
aud continental points. Fresh export
business for the daN was estimated at
100000 bushels Mauitobas continuing ~
receive the cali Italian interests AZ. stIl
energetic In NoiciuE their dssatisfuc In n
over tho quality Of the American wheat
arrivals and complaint are before of'-
millions Of bushels Of American winter
wheat EXCHANGED for other grades. prln.
better quality and price of the spring
varieties.
Domestic wheat receipts for the week
last week and ~. 500, 000 year ago. snip
ments were $500, 600 bushels, 5000 90" and
s,sooeoo bushels ado Scab"ard export; werc ycac
bushels respectively.
Corn-The sagging tendency was due to
inquiry from shorts. Very favorable
weather conditions are, against the main
ten4ncc or Nhiuch'. ~ '''Nf,h"'hI -,
port TO he Issued In about eight days, Il
rxpeCted to show a crop of clos" to 1000.
600 900 bushels. country offerings a." not
heavy but neither il the cash demand
export buying yesterday vas light Tht
foreign market continued strong. however
AZ a result OF the steep ArEentinc trcish'
rates. Sentiment In speculative quaii"r'
IL rather against values.
Oaln--Thc early support from cNpprttr'
WAS gradually Withdrawn. Speculative
holders we're inclined /" liquidate hecamH'
OF the roa4.llpn In other markets. Fh'
farm movement has Increased and ntnr'
hedge selling in the coming week is locke
for Export buying yesterday was place"
Al 800. 900 bushcls.
PrUvisions--ituying power was lacking
IAberal hog receipts are expected on Mon
day Cash trade is irregular The spccu
laaiye support has not been especially ac
tive for soms time, Chicago prices