The sun. [volume] (New York [N.Y.]) 1833-1916, 1915-10-20
THE GRAIN MARKET.
wheat Irregular-Larse Receipts
-Quieter Export Buying.

The wheat list nae it's setback during
the fore part OF yesterdays session. De-
clines did not extend far. as II soon be.
came evident that the markets which
were receiving the big run Of wheat
from the farms were really strong. The
net advance at Minneapolis was about
igc.. while the Winnipeg market gained
about &c. for the day.
The sentiment in the trade was not
so bullish. however. Large handlers OF
actual wheat said that there was no
likelihood that the farm movement
would drop materially unless the price
basis receded sharply or ~unfavorable
weather conditions developed. The off,
cial forecast was for continued settled
weather in the West. Northwest and
across the border.
Large spreading operations. involving
all the markets. continue and this sort
OF trade partly explained the irregular
fluctuations yesterday. The possibility Of
Canadian wheat reaching the American
markets this season juty free has dis
concerted spreaders. who for weeks past
have operated principally on the theory
that the winter wheat crop contained
much low grade wheat. while the spring
wheat yields were huge and OF high
quality.
Premier Scott was. quoted yesterday as
expressing the belief that high officials
Npull INl lEntTt inc NllespfeAd agitation
for the removal OF wheat duties. The opin.
ION was also given that the recent official
at aocu, f5o, 900. 900 bushels NOR. than tha;
OF n year ago was conservative. A moderate
amount OF Canadian wheat Is en- route for
chicago and considerable has been sold
recently 90 American mills. These transact
tons are completed only after the payment
" q ten cent Import duty.
very satis'actory. but II wa e%yiden, that
supplies. The EXPORT business WAS plaFet
at 100000 bushels, including the tak!rgs
Gf ate Mondsy Forelsn crop edviees a:
Ard $;ermsHy. escesslsS rains n Italy and
tina The Tns ' r%port s0i ~ rres,i ,f'm im 2re.ndi
shipping. facilities at. Archansel We're In
exports from Russia next spring. The
wheat VIZ Ar ManrGNMansel The past
Bradsireet's worlds visible supply state
ment shows 1000 900 bushels In the
sra: a.occ. 900 inns 1 canadn ao's sss GSo a.,Sycc,
oO0 sfst season AMI Gg.ooo,o o0 in Europe.
comIStrcl with $4,000. 900 bushels last, wear
greatly alter the aspect OF the visible Zig:
10000, ooc. bushels, sEsignst, s.G5SS6B. 900 Ias,
week and 1000 900 In the corresponding
Corn.The offerings Of now corn from
lad depressing influence on The marSet.
There was also liquidation due TO the
realization that the short interest was
greatly reduced during the past few days.
\ repor by the Illinois Central Railroad
Indicating that Iowa had only 30 per cont.
of a corn crop Wa devoid of market effect,
~ The trade argued that most other states
had fair to excellent Yields. There was
some further buying credited to exporters.
and late In Ia" duv tn" rally In wheat
brought IN support, but sentiment was ~ a
more hcdrlsh average Some Of the large
chicago INTEREST," were aggressive sellers
during yesterdays market.
bsts--Nhe moderate recession was on
hedge selling and expectations Of larger
receipts Tn" movement 80 far th!s week
is - million bushels IN excess 81 that us =
year ag" Export business was estimated
a. 100000 bushels. There are assertions
that he United states and Canada have
nearly 400. OO0, 600 bushels 70 export, agains
less than 200, 0o0 900 "a year ago. The
fun surplus OF last season was not taken
Provisions - Packers and speculative
holders were ou the selling side The out
look was for larger hog receipts. Senti-
ment in thc trade is more confused.
Chicago prices;