The sun. [volume] (New York [N.Y.]) 1833-1916, 1915-08-03
THE GRAIN MARKET.
"heaf Advsnces-Harvest purther
Delayed BY Ra,n.

""es' ADMINISTRATION Further
Delayed by Rain.
me wheat market closed at ain OF
IN TO 2 cents a bushel and Mt abou,
.no pest prices to-day. The advance
was due to weather conditions and
we light offerings of new wheat, The
e.ily market was strong. with con.
s.uusrsoIe covering owing to the rains,
wnien were general over Sunday in both
Ts. wnn.er n spring wheat regions.
while the Manitoba wheat was decid'
euIy nrm, accompanied by reports of
Irost In part Of the Canadian North
west. me selling at the advance was
oi sood volume and the market reacted
on me Snow repor Of the possibility of
oss'ooo.ooo bushels OF winter whsa, and
avo 'ooo.ooo bushels OF spring wheat
Inc element Curtis & Co. report places
me winter wheat crop at about 60O.-
ooo,ooo bushels n asserts that not
.ho ,nan a tnird Is threshed and that
'"e nnai results may be even lower.
Inc foreign statistics were rather
bullish. showing extremely small worlds
exports for the season-only 6.ss5, 900
pushels. compared with l3,s7s,0o0
oushels last year. The amount afioat
TOT Europe showed q decrease OF
l.le2.0o0 ana the present total of
z4.2S%'ooo compares with 37,512,ooo last
ysar. The English orders were ex.
tremeiy limited, due to the bank holi-
day. and there was very little interest
SHOWN by Continental buyers.
The visible supply showed a gain of
l.z<s.0o0 bushels. compared with an in
crease OF $500 900 bushels q year ago.
and the present visible supply OF s.5s2.-
600 bushels 10 extremely small when
compared with the visible supply last
year Of 2s.7+3.oo0 bushels. Tho in
terror movement OF wheat is also ex-
tremely small. and tho receipts for the
day were 10000 o bushels less than for
the corresponding day last year. Ship
ments from the interior were 100000
bushels less than last year. but the
small shipments were the result of the
small primary movement.
Offerings from the country are limited
and. With tho very general rains. Of
ferings are expected to continue light for
some time. Every rain makes the
question Of the movement Of the new
wheat crop still more uncertain. There
are q great many complaints OF dam
aged quality. While farmers are APP
parsntly determined to hold for more
satisfactory prices. The market Is in
q position evidently where the ultimate
supply of wheat promises to be very
large. not only In this country but In
Canada. but the immediate supply Is
extremely ANAL. and with the very linz
tied quantity of old wheat carried over
and nov practically exhausted the posi-.
ton of the country 10 n In which the
must be supplied entirely ou
OF the delayed movement OF new wheat.
The export demand was compare
lively limited. due to the fact that
offerings Of wheat were small. while
prices showed Q further gain and the
export orders In the market were be-
low Q working basis. Sales were re-
ported Of about 10000 bushels.
Corn-The strength in wheat. Will
the reports Of further damage to corn.
owing 10 flooded lowlands, brought an
advance in corn. Offerings were wen
absorbed and the market slowly made
Roadway. The reports from the West
regarding the condition OF the crop were.
however. quite reassuring. The state
msnt Of Snow showing a crop possibility
OF 2.S72.000 900 bushels exerted some
influence. He made the con-
dition OF corn sos. compared with s2.3
On July !. Prospects are reported above
the ten year average in the southern
half OF the belt. but much below the
ten 9 average In the northern part
Of the belt. The position OF the mar
10 one. which, for the time being. |
appears to depend quite largely on the
weather. although the immediate situa-
ton 10 thought to be very promising.
The first arrivals Of new Argentine
took place at the end OF last
week. including one parcel lot and a
cargo lot. Samples Of this corn were
shown on the Produce Exchange and
were OF very fine quality and in good
condition. The trade has besitated about
the Argentine corn, owing 10 the
serious losses which occurred last year.
due to the heavy rains right after the
crop began to nov A good
many have refused to buy the corn
until they could see samples OF the
corn on arrival. This corn is quoted at
about IS c. and I. American corn is
at about ~ TO Is cents over
this price. laid down at the seaboard.
according to the quality. Such a dis
terest in the new Argentine corn very
now that tho corn 10 seen
to be in good condition.
Oats-Values showed moderate I'm
,rovement with other grain. partly due
% the weather conditions. Primary re-
'eipts Of oats are small. as threshing
las been greatly delayed. Interior ar
'ivals for the day were only $4,000
against ~2.ls4.o00 bushels last
'ear. The visible supply OF oats showed
! decrease OF 72+.000. The total domes-
ie visible 10 only 1905. 900 bushels.
LAST year at this time tho visible had
begun TO increase quite rapidly
% a result OF the large movement OF the
lew crop. The Snow report indicates a
held OF oats OF asa bushels per acre
nd . crop Of l.<os. 600. 900 bushels. which
viii make It tho second largest on
ecord.
Provistons+rrading wa small. with
'aluss showing some improvement. due
o the better tone in the grain market.
logs were steady to firm, with rather
receipts. and with small Offer
nGs Of product values slowly gained.