The sun. [volume] (New York [N.Y.]) 1833-1916, 1915-08-28
TIL GRAIN MARKET.
Much Lower wheat LeveIs-Brt-
ter weather-Other Declines,

When the wheat list was not uuiet
yesterday. 1t was weak. The sentimen;
seemed unanimously bearish. Some of
the large Wall Street houses are talk
ing of eighty cent wheat this season
and many others in the trade enter.
tain similar views. 1t II not surprising
therefore that the p~reponderance Of
speculative effort Is on the down side.
There was really very little bullish
news available in the course of yester-
Jays market. The Modern Miller re-
ported further damage to winter wheat
on helds as a result of the recent rains
nut TINS summary referred to- the
weather several days ago. Yesterday
map showed nc special moisture in the
grain country and the conditions were
particularly suitable for the compile
tion or the large spring wheat har-
vests.
More general farm offerings were re-
ported and the Indications favored 4
material Increase In the receipts. Many
OF the advocates Of lower prices are
expecting a continuance of the hedge
selling to depreSs the list. II is con-
tended that when the movement be-
comes normal there will be sufficient
wheat for home mills and room for a
decided enlargement of the xport trade.
The absence Of export business yes
terday worked against a rally IN the
market. Although values are about at
the lowest OF the season foreign alb
sorption is a~pathetiC. Bradstreet's ex-
ports for the week were $500, 900 BUSH
els. against 1900 900 bushels "A year
ago. with a total since July | OF 3d.
900. 600 bushels. compared with 3D.
100000 a year & and $4,000, 900 two
years ago.
Private dispatches from the South
west indicated that growers were much
distressed because OF the action OF the
market and that there was more deter
mined holding OF wheat. However, there
is competition of al active sort from the
American and Canadian Northwest.
About 100, 600 bushels OF Canadian
wheat are en- route for Minneapolis, in
dicating that the American premiums
maxi II profitable for foreign wheat
to enter this country even after the inn
port duty Of 10 cents a bushel is paid.
Corn-The advance that took place on
Thursday was eliminated. II was said
that many of the timid shorts had been
forced out. As a result, the support in
the market was poor yesterday. The
prospects of muc better weather de-
pressed the list. as did the sharp de-
clines in other markets.
Reports that parts OF Kansas were
yielding 100 bushe per acre emphasized
the recent statements that the Southwest
might have "A record corn yield. A
larger farm movement OF corn Is con-
iidently expected next week after the
small run Of the past several days.
Argentine offerings at New York are
fair AT about Il workable basis.
Oats-The Weakness reflected declines
IN other markets inc the return OF very
favorable weather. Larger country offer
ings were expected. Export demand
was quiet. TIL feeling In speculative
quarters - bearish. due to the large
surpluses IN this country and Canada.
ProvisiOns-The market was without
feature. Hogs were higher. but the de
Viines Gin grain worked against the
general market. outside support was
again very limited.
Chicago uri,,s.