The sun. [volume] (New York [N.Y.]) 1833-1916, 1916-06-15
GRAIN MARKETS SHOW
DECLINES IN VALUES
Demand Disappointing. with
Frcights Weak-British
Commission Buys.

Wheat values broke about &c. a bushel
and closed near the low Of the day.
Selling was persistent. speculative de-
mand slow and export demand limited
Freights we're weak, English reports re-
lecting the poor trade demand. Prices
opened at a little decline, rallied but soon
turned weak. The cable news was against
values. English demand was fiat and
the continental demand is restricted to
the Government operations. Late Tues
day the Belgian Relief officers were re-
ported to have bought about boo,ooV
bushels of Manitoba wheat. but the other
orders in the market did not materialize'
The break in the market for the day
however. permitted some buying ny tne
British Commission. understood 10 ne tor
France and Italy. Buying by the COM
| mission for the English reserve has been
over for some time. The amount housh'
by the Commission and by regular eN-
! por,ers has created "A dcmoralized CON
dtion in England. which IL reflected ~
the Xxi In ocean freights. fper''
| rates had been quoted at the hlsn vi
tho season. 25d.. or SOC. "A bushoi' pu'
/ are. now quoted from Cd. to I'D. or u"
, to oic. y bushel, viii no demand ever
| a, the low rates. The losses IN freigh'
= prElCttnentSs hplu Ihs4
have been very serious.
W,th such large supplies headed 10,
I England or available. markets there nav
! loo IiurI rapidly selling by ne Ensisi
I G,,,rumeuf from ~" reserves Is cNp'.t''
/ 90 lt GIN about mid July. with .,"rtal'
! mounts 20 10 sold weekly and INC n,
serves sr" 50 ltrs" ih"i th' SHPPE 49,
expected 80 lest we'll into the tall ~oih,
,y nor business wts done, however, ct
/ no d.,Iiu, fn- tho Continent Win trans
actions for tho day ,and lat" In.sua'
e. .N.tt 4 1Nn ana bushels.
Wealth. conditions were favorable. I'm
b, couraging reports were received froi
kansas and Nchrhska II H'eHsrn"'sn
weekly report showed. consld.rapie I'm
nrnt In winter wheat states for N
week aul good Development In me Norm
vest. \ report by tn" Government q
S,.kat,hnvan showed good growth of IN
C,nadian crop private reports wor" ais
" better than scasonab,e development
mart I|ruItrly OF winter wheat
corn showed considerable hrmness l
N, July delivery and there was talk E
cong -t.ou. Tho onorinss in ihe Soumtr
49," small and tho cash situation Is hrn
This naturally Affects the July outpu
rn.re were some crop complains and IN
N,rkl> Government report indicated tha
cool and v"t for corn.
The Pro, current Indicated rcplau,irs ran.
Sr1t,s Reports ot export business ha
.,u. Influence som" business hss bee
done. nu' u is stated to have resulted fr"i
d. iric u..tn freight situation. with buying j
those having high priced frelEhts on whic
there was loss loss IN shipping corn tina
IIn shipping wheat BIDS for export wei
:, pa-,eI in some cases on corn Pc. below
parry
oats vers quite steady with light trad
RIyiur on account ~ the Ral'imoro ~
! was reported to be of considerable Nolum
/. trerirg- IA the country were smaI
d, weather reports. however. continued V"i
, r,Norabl. and the crop ia making go
! advancement with tn" continuation OF CO
7 Wet weather.
Provisions were again irregular and VI
, setil-l. with sharp fluctuations show II
: l-,rcn@th late. Hoss were higher, but u
: market was easily Influenced by scll!i
. orders and gave WAY quickly early on mo-
I crate offerings, hut easily rallied.
t'hir4go rriros'