The sun. [volume] (New York [N.Y.]) 1833-1916, 1916-06-02
Il GRAIN MARKETS.
wheat Closes Weak-New offered
Corn Lower.

Tie trade was appraised of offerings
Of new wheat from oklahoma during
Yesterdays session. II was reported
that cutting operations had commenced
nd that the line OF work would reach
.op'hern Kansas In two weeks. The APP
~yarttion Of new wheat coming into the
market with a heavy surplus OF old
cheat oil hand tended 10 unsettle the
ur!r. basis yesterday. especially AZ there
waa no evidence of a continuation OF
Wednesdays export buying. Very little
foreign absorption was observed during
TIE day. As "A matter of fact. It was
rabled that wheat war resclling In Lon
don At approximately ~ cents "A bushel
i'ss than IL cost to ship from New York.
The sentiment was not necessarily bear
81. but professional operators showed n
rrrf. renee for this side because OF the
e Il Of interest shown ny the public.
Expectations Of "a bullish official crop
report . week hence were voiced in the
scattered bus ing OF wheat contracts as
price recsded, but this demand and tho
short covering failed to halt the down
ward trend. Offerings Of wheat were Of
consequential volume At the outset or
ne session, although "A persistent stream
NJ selling orders was witnessed az the
gay progressed. The fresh crop COM
r,t'u's w. the nature of drought advices
from western Kansas, reports OF ex-
>siVS moisture from parts or the
~N'r'hWest and Of low temperature In
'he Canadian Northwest were without
mVsN market influence. Conservatives
r"re hardly impressed with these crop
advises, Many in the trade appeared
".~' aiken up with the reports that
tIpwers IN the Northwest at present
.1ogA not be unwelcome n that the
FT.EA. at,. l.. thA kntsl.s bud
'-p .st about crop Improvement.
?. nav accepted by some authorities
that ia Okla homa, for instance. the
.,..ion OF the wheat crop was close TO
~ 49, : result Of the recent rains, whereas
M. -l,'" report complied before the re
cont pt-'i pitatioH showed n condition OF -,
-'tiust = last month and 80 last year.
cement. curtis Company crop es-
y -" placed the condition Of winter
'l' through tn" country Al 10. against
49, month Tue crop Indication was
g g. H.I.unI to iJH.DUn 900 bushels. com
t- NiNr $40, 200, 900 last year, Tho
''''. wheat scr"agc. with a decrease of
H"r ,"nt. is the smallest IN ten years.
i % tho pusis ~ u condition. Of So
ND. 80" crop Of Ego, 10000" bushels.
sN...' "tf. U"p. 900 Onl"lally reported last
-'st.''Irinns Interpreted the esti,
'I'. iiTIs upns,rNatIE.. but reasoned
- t.pp au"es should b" mhI- for .
.''F yer thi- wear az perhaps 100, 900, 900
..s'' n"rc than wah r'portcd In tho
'e"y ,ppro>i,datn s.iss,oOo bushels, as
ga''H' ..'tt, poo IN tho pres io'u week and
"h' NO iaSt year. Distri button of
80 r s,lI conparatiycl sl"w IN rerer-
: 'e.g activ" hour trade. Tho ex-
'".'- nom North Americs continue At an
I.''tt" ~ more than i,00D, ooo u day.
lNF -
.. "'.- After d'splaying steadinoss In the
easier III" buying for large c,si
3 ana for son" OF the principal shorts
4tt." s'tokened. While II was said
~ 'h'Wrfr were dissatisfied with prevail
''' 'Iero was intermittent hedge
hni p~r"suinahiy the very fh,Orshlr
,I-r conditions we're eSerting some eff
"~ h0'',l'. pniCiHl Hdyiccs Indicate
n'ci ~ replsnting IN Iowa and In
500 " ihr mnro eHrterly districts. but
"h"i" 'h' out look In very bright.
ms uecn ~ good supply and