The sun. [volume] (New York [N.Y.]) 1833-1916, 1915-08-29
THE GRAIN MARKET.
Tame wheat Market-Milis bay
Enormous Oats Crop.

The sustaining !nf.crce III tn. SUc-
eral wheat list yesterday was the fair
degree of strength displayed at Mime
apolis. That market ruled a cent or
more higher during most OF the session.
even though it's cash department was 9
cents lower In instances. 1t was re-
ported on good authority that mills were
the chief buyers at the Northwest after
having made hour sales recently to care
for a three months output.
Speculative trade was of small pro-
portions. There was occasional short
covering representing week end evening
Of contracts rather than a desertion OF
the bear side. AS a matter of fact. the
weather conditions were OF a character
to bolster the hopes OF those favorlng
lower quotations. No important mois-
ture fell over the grain districts. with
very little predicted, suggesting a rapid
completion Of the spring wheat harvest
and an increment in the movement OF
the winter wheat.
The trade will be greatly disappointed
IN the receipts In the coming week do
not show a material expansion. A re-
petition OF the recent small movement
II apt to disturb the shorts. who are rest
ing easily at this time beca use OF the
$1,000 900 bushel exportable surplus in
80 'htu so ~
eisn inquiry. Interior receipts for tho
week totalled only 100000 bushels.
against $3.50. 900 In the preceding week
and nearly ten million bushels a year
ago. The visible supply statement on
Monday is expected to be rather bulllsh
when compared with the showing Of q
year ago.
No special export business resulted
from the few Inquiries that were here
yesterday. Tho past week has been
the dullest in a long time, as far az
the export trade In concerned. There
were cables from Liverpool TO the effect
that the English Government would
soon promulgate an estimate of the
wheat yield in the United Kingdom,
showing It to approximate ~, 1000. 900
bushels, against $4,000. 600 last year.
Some authorities saw In this an e~xpiana-
tlon for the lack of interest of English
Importers In our wheat, but as the
United Kingdom imports more han
$4,000, 600 bushels annually a moro con-
vincing theory would seemingly be re-
quired. Doubtless English interests are
counting on the record Canadian and
Australian crops: and perhaps on an
early opening OF the Dardanelles, which
might pave the way for an outflow OF
about 100, 600, 900 bushels OF Russian
wheat.
Corn-The prospect OF further frosts
In parts OF the Northwest over the week
end resulted in some short covering. 1t
was rather difficult to stimulate much
speculative buying, however. due to
many favorable crop accounts. There
are prospects OF record yields in Kan
sas. Oklahoma. Illinois. Indiana and
Ohio. and OF good results in several
other states II the frost holds of until
a late date. The South will have a
bouhteous production Of corn this sea-
son. Yesterdays market was helped by
the limited country offerings. although
a larger farm movement in the near
future is expected. A cargo OF Argen-
tine corn sold at New York during the
session at 72& cents C. 1. T., shipment
the latter part OF September.
Oats-A statement from Snow that
the crop this season may exceed l.50O,-
100000 bushels. against 1,1t0. 600, 900
last year and the previous record of
l.4O0, 600. 900 bushels. served to reduce
the early advances In the market. which
were in sympathy with the upturns in
other grains. Weather conditions are
more favorable for the movement and
a further increase in the farm offerings
In said to be imminent.
P~rovisions-The market was narrow.
with very little interest displayed In
the dealings. Commission house trade
is at a low ebb for the present and
packers are not aggressive on either
side OF the market.
Chica1p pricao.