The sun. [volume] (New York [N.Y.]) 1833-1916, 1915-06-23
C. ,Jr.&C Co.
homes iooi to 1910 John. &c wall ST.. y y
THE GRAIN MARKET.
wheat Receivers on Export De.
mand-An Markets Weak Early.

A revival In tho export demand r.
wheat yesterday swervei the mark.'
from its downward oursa Many shor.s
were inclined TO cover their COMMIT.
ments because OF the reappearance e"
this foreign inquiry rather than o~ca1
OF its extent. II was estimated RAJ
about $50. 900 bushels OF new wAes, an.
$50. 900 bushels OF old wheat we-- sod
abroad.
This business did not develop un''
late In the session. go that the renrr,J
In the market n deferred ur:' 70!
the close. The early indications oo-s
agninst export transactions. rs org.
l.sh houses were again c1roe,lnr '-4f,
with local exporters and move ss
heard OF the relative scarcity 49, f.r.t
in tho variou. foreign grain fYr =
countries.
There was no stampede OF shore ,
the export news, however. some
large bears reiterated that values
not be held or raised for sever, ..
unless Europe takes about 20
bushels daily OF our wheat o. .r.-
tho American or Canadian y
are subjected TO abnormal de'e-
Tho European crop outlook r"'rt
ciouded as cver. with the pr'va''
contradictory and the official -'n'
USllSNcl 10 no VtlOTfu, fFN"'I'
bled summary OF the crop out
Europe follows:
United Kingdom-Wheat rrrs
maintained oats need rain.
France-A good wheat y'ed . ,-
rected. A few districts are ~ 3
drought.
Germany--Drousht continues
Russla-Wheat outlook general -.
vorahle. Supplies are ligh: Al ".""
little is moving anywhere IN 'ho o. 70
Runania md Bulgar,n-Cror ''H
poets generally favorable.
Italy-Weather ~unfavorahle W
harvesting retarded by rains.
Spain-Weather seasorabie and crop
prospects good.
Holland-w.a.hcr dry and 10: c-c7
only fair.
Ind,a-weather favor, Gsr'cu':urs.
progress.
South Afr.ca-crop prospects E.
eellent
The selling OF wheat during the ear'y
session Was IN partial reflection - ~
freer now wheat offerings from -
Southwest. Scattered hover N Ka-
sas and Oklahoma did not lead % a-'
special complaints and with the rs-
orally settled weather elsewhere n y.
winter wheat Nountry Il was a.sr~.
that tho crop was being helped 70 "a
tur!ty.
Corn-Argentine corn was orerei a
New York yesterday IN liberal s7A'
amounts on the basis OF 1914 s."''
against the domestic corn basis o, ,
so cents. Although no import hYs ."
was contaminated n hearish fee,.rr g.
engendered by tho competitive ocr~'rss
Liquidation IN the market wls
moderate volume during the n '0'
HAaltpDa Canarpi1&y ,laar uansH.r 40
the corn belt affected the list aud n." 81
explained the freer country o"'- =
Experts contend that with ra"-..
weather for sc ;eral weeks IT, .-a
OF the wet spell would be null..s:. hl'
a late fall Ia hoped for 70 os's!r -
best results.
Quite a little pront taking tor be'
interests took place when tire MA
market rallied. Predictions % 'l-.'''
showers in Kansas and NehrGeHt a'
served to restrict offerings n l" as
trnde, Generally the specu.n't'" te4.'
ing was more mixed.
Oats-There were come r.a -
prices mad yesterday. Hedgiuc 'p-ra
tions were frequent. The wea:hN- 90
Southwest was conducive 10 y. s-'
sure. Bears talked Of n -erH.t "-N.
prospect and consequently the o.'so
speculative demand was o.
volume. There was a rally IN tae '
ing dealinss. however. with c7r -'
bic short covering for opera'n.s 49,
believed that the slight bette '.
the export inquiry for wheat v.- .
followed by = more active Ge".
oats.
Provt6ons-rhe scattered S.'
aid not work against values tvHI .
the outset Packers ard SHOE '"-
willing TO take all offerings o."
market was n shade H-wcr