The sun. [volume] (New York [N.Y.]) 1833-1916, 1915-09-18
THE GRAIN MARKET.
False Loan Reports Cause Wb...
Riso-DecIines Enm..

Tho three rent advance scored IN -
chicago wheat delivery was on bela,.t
short covering and fears of grea'er c,,1
gestion as a result OF the strong c,s.
wheat situation through the country
There was no general strength. how.
ever. and the final tone Of the marke,,
was weak. II was significant that 'bidqr
at Chicago were 3 to 4 cents und.,
the closings and that the curb uuo,a.
lions were more than n cent down Al,
some centres. Vague rumurs concern.
ing the Dardanelles were heard after
the session ended, but IL is a custom IN
many circles to associate sudden sllne,
In value with political advices.
A feature OF Yesterdays dealings v4,
the heavy Wall Street buying. This VA.
inspired by the bullish views obtain ri
az 10 the cash wheat conditions and nv
the premature report hat Arrangement,
had been completed for the $500. 00n. 900
loan. Well Informed financial i.teres,,
do not expect a definite announcement,
until early next week. Some wheat.
bulls who diligently spread the rruIlr
that the loan had been successfully
iioated volunteered the opinion that Tie
loan would be used exclusively for grain
purchases. The more authoritative Wow
Is that the enlarged credits will I've used
in the buying Of cotton and provision.
as we'll as grain.
The pct theory Is that export bushes
particularly In wheat. viii flourish s'
soon as the foreign exchange ma-ko' 4,
mad" NOR" stable. Increased foreign 'th
ings Of wheat recently we're made posg'''A
W the strengthened international nur,v
markets. Purchases OF wheat for for ?.
account Yesterday we're rather disepror 49,
Ing, however, at about 500. 900 busl.''
principally Manltobas. Julius Barnes. me
81 the large exporters. expressed the N..
lief that It would be n physical iwr0'
NlhlIIfN TO shln she snOTfnnIa rNpnFr.Nfa
surplus that North America hold. 'r'
The special Government report o.
ter wheat has been Issued. II Wa ri
cially said that losses were not sun be
mate 81 $4,000. 900 bushels. The TO-
seeinsts the e"i average I" FF previous .S3o; , }a5,, q,
hearish tone OF the revised stlmaf .-l
largely explained tho delayed moyanN-t
OF the winter wheat thus far. Autlai
ties say that there will not he a h.a."
southwestern movement for several Woke
as farmers will be engaged with 'il.
Northwestern market. finished : 30 {.
the selling orders at chicago came '-,
OF no change Tor at least anoihor s.,
coRN-Th. favorable weather MI ~.
recess!ons in wheat accounted for the s.a
losses In this market. Cash preu'4u,
were down In reflection OF 'he lars -..
ceipts. The Interior movement vcS.e-a,v
reached 7C0, 900 bushels, against 4a1 ufl
last week and 23O. ora a year ago. r.. y.
waS a fair demand from a scattered shoe.
Interest, which prevented the list from ..
ceding much. In conservative qunr'rV
tho tendency Is to await the wea''.s
changes OF the next few weeks.
OATS-ENport buying helped 70 -us's =,
the market. There were smaller cour'ry
offerings and reports of holding ny fam.
ers. Speculative pressure was Induce y,
the Irregular downward swings Of o'h.,
markets. but values did not civ. way
much. The weather vas very favorable
with no change suggested for L.. ia,
PRONlSGO\S-The market was q g.L
Speculative inquiry was at a minimum.
due In part to the bad nan,L IN.
fuence OF the recent rulings IN the BrcA
prize courts, Chicago prices: