The sun. [volume] (New York [N.Y.]) 1833-1916, 1916-06-27
THE GRAIN MARKETS.
Ffrmcr Zone 70 whent-Strenath
In Corn-Onts steady.

Apart from the brief period at the
opening of yesterdays market, when
wheat values In the Northwest were
lowered about t.. n bushel, there was an
improved undertone to the general list.
Speculative pressure was reduced, and
VI was clear that the many theories CEN
tring around the attractiveness of wheat
prices at these levels were resulting In
sufficient b,:ying to make for a more two
sided marhct. The news OF the day was
sufficiently bullish to close the markets
at fractional advances. but many of the
professional traders adhered to their
bearish position. believing that a period
Of unfavorable weather in the harvest
Ing districts, a crop scare In the North
west or n betterinent IN the export
would be necessary to lift wheat prices
materially.
The weather map was no, satisfactory
Yesterday. Rains were shown In all parts
~ the western states from Okiehomt
northMard to canada and in these states
ton was not heavy. except In scattered
i9yaiitieS; the in.,,aiio1 vas Tor ddd,
farmers being unwilling sellers at current
levels. but the receipts OF old wheat ar"
fairly large ana the statistical position as
admittedly beatish. Whether the recent
defines In the market o. l5c. to zoe; q
prospects reutrtll1e this feature IL - much
mooted question az this time.
,,nitneSd ssta,tue, w sappi rcpSr,ed yesterday AZ
"a. 900. 900. - loss OF only 100000 bushels for
the week. against 4 total of II, 100000 = year
ago. when the loss for tho week wa. -~,o?1,oVo
bushels. The slow reductions IN the visible
partly reflect IN. iarge rerairt' a. thi,
4 time and tho limited distribution OF Wheat
In this country. which in y measure EN-.
pEasl1ed the heavier distribution mat
! occurred earlier In the season, when ilo1r
mills were actively engaged IN grinding
grain. Interior receipts OF wheat y'-'"riHN
were i.lso.ooo bushels. against l,i3"'o'' III
49,. N-aH. -asA-L go INW a NHLF IEI.
shipments az interior points We're 100000,
. 1000 and $4,000. bushels respec'iy"',
,,a mNpvr, 'Usii ,a3rd AZ eoS. COS bushels.
The sreater part Of M. was said DID, 70 be
IN Canadian wn''tN An uh''hnl, a,H
81 about SOC. 600 bushels ~ wheat 81 the
Gulf The Liverpool market showed a
urm,r uudcrtuuc. hu' priyi'" can.'s rom
that centre were 10 the ,H'ct HAT no De
cidei Improvement had been noted ~ '"'
,oru-Ka,her persistent buying Of corn
futur,. for cash houses startled shorts ana
resulted In a fair advance through 'h@ ny.
Domestic cash demand has eNpau i"I. u
j. understood that the small Country "t,
%f.rnss q tho past few ncck; hS,. ,gk.n
sional export buying. n" foreign pur.
chase yesterday wefg ~esiima!"i si s.o.'u'
market were irt'g".tr and W." h,'d Nv.
by tn" favorable .cror conii'@n. N's'
.uth.rIi.'s NlsN A"w'fL serti.
mont seems more mixed and attention &.
N,lug given 60 ~" dcc!easing stock 81 40
corn through "a" country. The d'cTrt.. ia
"a. Visible .upp'y FOR the week wa 1851
GOO bushels .ani tn" total v!s'h'" Il only
O,ts-Tnc fractional! advances we're n"
r,.uit ~ the urI"rtnue q rriuuc~s In other
markets shorts were the best huy.,.
rlp"~t Nu,Iness was reported. buy the
7 'rtlr~ traced W'r" pIr.'i ~ only '''' ''
bushels Occasional cling was E .oln-
nf Ola oats and generally good weather i'
nv NV '''I $1,000 4. .,,-,,.L.. "a.