The sun. [volume] (New York [N.Y.]) 1833-1916, 1915-07-09
curb deliines on the Chicago Board Of

curt dellings on the Chicago Board Of
Trade are prohibited.
The winter wheat crop was placed at
SOS ,000. 900 bushels. against the wonder
ful production OF 6S5, 900. 900 bushels "A
year ago. Spring wheat has a good
promise of 295, 900, 900 bushels, against
206. 0 0.CU0 bushels actually grown last
season. These crops suggest an ex-
portable surplus OF close to $4,000, 900
bushels. with allowance made for de-
pleted stocks of old wheat among the
millers ard moderate damage to the
spring wheat crop to its harvest date.
Last season the United States exporleo
about 33o, 900. 900 bushels.
Canada on its present crop outlook may
have $50. 900. 900 bushels to export,
against the unusual small total of about
$4,000, 600 In the past season. II would
seem premature to estimate exportable
SURPRISES OF foreign crops. but figuring
very conservativcly, Russia might have
$4,000. 900 bushels Argentina, $4,000
900 bushels India, 80, 900. 900 Aus
tralia. 80. 900. 900 Danubian and sundry
countries. about 90. 00O. 900 bushels. The
aggregate SURPRISES would approximate
IT'S 5000, 900 bushels. while the total inn
port requirements are roughly 655 ,000.-
600 bushels. II might be necessary to
eliminate entirely Russia's theoretical
3 5000. 900 because the Dardanelles
are closed and the Danubian exports
might be very light, but on the other
rand Germany and Austria ordinarily
absorb 80. 000. 900 bushels. which
tries are not likely to receive their usual
quota.
Corn-The Government report issued
after the close OF yesterdays market
was a shade better than was generally
expected. The area has been increased
about 1000. 900 acres. and with the crop
condition s1.2, against SIS "a year ago.
the crop indication Is 2.sli.00O, 900
bushels. against 2,872,00 900 bushels
last season. II Is noteworthy that In
the 1912 year the record crop of 3,ii2,-
0O0. 900 bushels was produced after a
poor start. Il. w. Snow says that the
crop in the northern belt is very late.
but that 1t has a chance of escaping the
frost period. Doubtless the frost date
will largely determine the size of the
growing crop. "A late freeze being essen
tial for the best results. The increased
corn area this season Is principally in
the South and reflects Southern crop
diversification.
Yesterdays market was quite strong.
although the full advances We're not held.
Buying was largely for shorts and cash
houses. The wet weather in the Eastern
sections was ~unfavorably regarded.
&Au'h VI NV iiit u lliSIiltd W Nic
wheat upturn and by the predictions OF
further shower for the belt. Assertions
that Argentine offerings were at New
York on the basis of IS cents C. l.. T., in
duced realizing sales in the late deal
ings.
Oats-1n sympathy with other mar
kets a strong tone was noted. some OF
the large shorts and exporters were
among the buyers. The hedge selling
and liquidation in anticipation of "A bear
ish Government report checked the up
turns. Generally the crop figures were
construed as more bearish thar looked
for. the crop being placed at 1896. O0O.-
600 bushels. against l,lii. 900, 600 a year
ago, and the record OF l,ils. 900 900
bushels in 1912.
Provisions-The list broke to new low
levels. There was no determined sup
port and further liquidation for pack
ers and outsiders was seen. Shorts
furnished the best support. the rallies
being in part a reflection Of the strength
of the grain market
Chicago prices.