Grand Forks herald., 1916-08-15
MARKET NEWS

Inc decnne IN wheat mas IorCeu
outlet Of pyramids and market Is in
increased by liquidation, and bear
news; exporters have absorbed lot
Of the wheat became apparent after
the close in the way futures were
exchanged for cash grain. A few
traders believe that there has been
sufficient break while those who are
bearish look for lower prices. The
general worlds situation In wheat has
not changed any by the break and
bull leaders think it is only ques-
ton Of time before it will become
Corn traders who were in the pit all
yesterday thought they saw evidence
Of selling by one Of the bull leaders
corn to seaboard at high premiums,
but sentiment in the pit led more to
the bear side. Export sales Of wheat
at seaboard were 100000 bushels re-
ported before the close and 100000
bushels later.-Herald.
Spot wheat to 1od lower; corn
unchanged to 2 1-2 higher. On pas.
sage, wheat shillinEs lower; corn
Cd to I'd lower.
Regina, Sask.: According to re-
ports received from Saskatchewan
department Of agriculture wheat cut
ting commenced this week end. but
will not be general for 10 to IA days.
Red rust is prevalent generally on the
wheat and in a few cases has devel-
oped into black rust, but at what ex-
tent the damage from this may result
remains to be seen when harvested.
The weather during the past week
has been cold and In some districts
slight frosts have occurred which
have affected the tender garden stuff
but it is s>thought did little If any dam
age to the wheat crop. Having passed
through the time Of the August full
moon successfully farmers now feel
that frost damage may be avoided SO
far as the earlier sown grain is con-
cerned. During the week end the
weather has generally improved ana
hot dry weather prevails. Consider
able wheat has been cut in the
Moosejaw district.-C. e. L. Co.
Times. New York: Wall street was
surprised yesterday at its own con-
fidence. The market was strong even
the railroads showing net gain on
average, although the question Of q
country wide strike was in the bal
ance. The market showed that It did
not believe that a strike would come
There were, however, good many
people in the street who had conf
dence that the labor demands would
be adjusted without strike; believ.
ed. nevertheless that there would be
an anxious period Of doubt and that
this would have the effect Of chilling
any enthusiasm which the stock mar
ket exchange might otherwise be in
clined to show.
Broomhall, Liverpool: Market
weak as affected by American decline
and sharp break In export offers.
Spot market weak, . to 10 pence
lower and cargo market weak; both
main winters offered at So lower. More
favorable reports from Canada and
larger Indian and Argentine offers to-
gether with evidence of farther re-
aliztng In American caused selling
here. Corn steady for spot, unchang-
crate. Parcel market easy as AFFECT
ed by American grade 6 pence and
plates one shilling lower.
Russia: The amount Of grain sur
plus 10 80 million tons. European
crop prospects: All advices are to the
effect that yields will be under ex-
pectauons.
France: Weather generally favor
able. being clear and warm and har-
'oosah6 pAoSAeesiH6 Win early Wneat
moving to market. ThreshinE proves
greatly reduced yields Of inferior VAL
ue and import needs will be largo.
India: Large offers Of wheat on
the advance and business and with
United Kingdom but prices still high
or and freights scarce and therefore
actual clearances light and will re-
| main for some time. Corn: 1tatistt.
| cal position favors holders.
From Saskatoon here wheat ID fine
turning natural golden color: l1arves,
has started in early wheat in Saska-
toon district. No evidence Of rus,
through this territory.