The sun. [volume] (New York [N.Y.]) 1833-1916, 1915-08-31
THE GRAIN MARKET.
wheat values Severely Depressed
Frost In Corn BELT.

inside wheat prices for tho season
were displayed in yesterdays list Of
closinss. The feeling I'm the trade was
very bearish. SO many operators are
anticipating So cent wheat in the near
future. and apparently short OF tho mar
ket, that certain conservatives deemed
1t best TO prepare for some sort Of
rally on technical conditions.
There Is no noticeable disposition fu
abandon the bear side. however. II was
everywhere admitted that tho spring
wheat district was experiencing idea
harvesting weather and there were
members OF the trade who talked OF a
crop report next week that would indi-
cate a new record or show 32J, 600, 900
bushels from tho Northwest, axains,
20s, 900. 900 a year r
This prospect served ~ ntfrfy the
Official advices received yesterday tina,
Kansas had only $4,000. 900 bushels OF
wheat. against 10000, 900 a year ago
and recent estimates of lis, 900, 900 bush
els. Private reports are that only about
IL per cent. OF the seasons production
will grade No. . as a result Of tho 'r-
furious summer rains. But tire qualify
o. wheat In the other winter wheat
states Is better, and II Is excellent I'm
the spring wheat belt.
Receiving houses sold freely ~ o..
future market. Evidently many cf.u,rs
were relinquishinE part 81 their prnGir.
tlon. II was contended that "a,
interest IN Canada were Spariuu no
energy In urging under selling and IN
dwelling on the 1T5. nOu. 600 bushcl ga
madam eNportablc surplus.
The Winnipeg market has ruled rrl,-
lively weak for the past ten da,s.
rumor that Cdnada's tariff was To l.,
altered, presumably SO that wheat could
he shipped duty free into tho United
states. was thought TO bc unrouudod. al.
though several lots Of wheat have been
recently received at Minneapolis from
across the border. Cash prices At ,IfY-
neapolis were : to lic. lower ,ost,rla-
A further break in IN" foroigu ,.-
change market to a rev low l.ypi ~
deprecated by grain export inter, AID
many others who realized that iui,rI.,.
tional business was being seriously iu-
~terrupted by the derangad credit We
tom. Wheat export purchases yesterday
did not exceed 500. 00u bushels and tie
bulk Of the business was IN Mamttobas
The visible supply statement shows a
total Of 1000. goo bushels. aglirs, >.uou..
600 last week and 32.Oop. uou la.t ,"ar.
Some statisticians look for material m
creases in the visible IN the nest few
weeks.
Corn-Early advances on the frost
damage reports were Grtduallg ciuu.-
mated. cold weather struck iowa. ".
braska and South Dakota. The general
opinion IL that lows will have a small
crop, hut that a late frost generally
will make big yields possible I'm g mum
Der of other states. The Kansas CROP.
according 10 the state report. is l,u-
600 600 bushels, against los, GOO. 600 last
year.
Prospects OF improved weather over
the country ,the prediction heIng for
higher temperatures) Gained tho shorts
yesterday. II was conceded that the
demand of this character would have
been of much greater proportions hl'
for tho slump in other markets. 40
Argentine offerings were At New York.
oats-lnterior receipts were . 1876 O00
bushels, against 1900, 600 last week and
100000 a year ago. This large move
ment encouraged the bear interests. The
price list was lowered readily vile,
wheat declined. There was conSiierdh'r
hedge selling and predictions % free.
country offerings with the bc'.er
weather forecast. An export business IF
about 100000 bushels was ~reporcI a.
the decline.
I'royi>ious-Decltres In grsi" wee
against demand, Hog receipts re o.
fair volume and prices were low cred
slightly. Speculative trade ~rwtlucd
slow.