The sun. [volume] (New York [N.Y.]) 1833-1916, 1915-10-21
THE GRAIN MARKETS.
Large Receipts and Foreign Adj
Vices Cause Whea Losses.

The view that wheat stocks would
soon be partially ~replcnished as "a re-
suit of the tremendous farm movement
from the Northwest met with more favor
during yesterdays session. Traders
liquidated wheat holdings and there
was more courage displayed among the
bears. The undertone was quite weak
until near the close, when the accumula-
tive buying OF wheat for exporters made
itself felt.
Export takings were c~onscrvatiyely
placed at l,250.000 bushels. The great
bulk of the business was concentrated
on Canadian wheats. Winnipeg is re-
ceiving nearly 1000. 900 bushels a day,
80 there is room for a large export
trade. II was noteworthy that the
spring wheat markets were relatively
weak yesterday following their show OF
strength Tuesday.
a feature of the session was the SELL
ing of October wheat in Chicago at
about the same basis as the December.
This would not indicate a complete
obliteration of the premiums At that
centre, but n decided easement Is dis
cerned. Arrivals of of grade wheat az
Chicago are somewhat larger, but more
important, the selling of spring wheats
for quick shipment to hat target mar
ket has again been reported.
Although the Liverpool market was firm
yesterday the advices from abroad were
really asainst our prices. There were
Dardanelles would not cease. Tho Ar
gentine acreage this season was placed at
as;s-!'H oU was " si.n cuel iIitOS sSSSunsse y iSa,
the French Government has reestabllshed
the ante-bellum wheat import duty OF S7i7
cents a bushel This action conveys the
impression that Government representa-
tives Will conduct all the wheat buying
for the French.
Hartmann, In communication ,n,a.s bn. ha.a
modified and there are fewer confident
bulls. The superb weather for the move
ment Of grain through the country has
had quite a sentimental influence. The In
terror receipts at domestic primary points
so far this week have been s,sso,oo0 bush,
$3.50. 900 a year ago, Ciearances exceed
the average of a million bushels daily.
corn--Th: selling movement in corn
helped by the Southwestern offerings Of
new corn, Part of these Wall reach Chit
are rather iight, hut there is not .ufhcient
strength In the cash markets 10 inspire
much speculative buying. The weather is
crop over a large section. According to
the Price Current. there has been consider
able damage to the crop recently, hut ,he
surplus states are said to have 1886,
100000 bushels. against l,4s6, goo, 900
bushels a year ago. The rally In the mar
pathy with the slight closing rally in
wheat.
Oats-The decline was slight, but sen
timent was more bearish, due to the action
Of other grains, favorable weather for the
movement and heavy buying of Canadian
oats for export to the partial exclusion
OF domestic oats. The interior receipts
for the semi-week have been 5000. 600
bushels. against $500. 900 last week and
trade was divided yesterday. but bears
seemed the more confident. They are
counting on increased hedge selling In the
near future.
Provisions-Sharp declines reflected the
break of about SO cents at some Of the
hog markets. The trade heard that large
hog receipts would soon be reported
Packers took considerable Of the offerings
from speculative sources. Chicago prices