Grand Forks daily herald., 1916-06-15
MARKET NEWS

Liverpool-Wheat ono to 8 lower.
Corn lower. On passage wheat Sd
to 1s lower. corn unchanged.
ChicagorA surplus and carry over
Of wheat July Of 211,000,000 BUSH
els. the largest in years 10 estimated
by daily trade bulletin. Last year it
was IS, 10000 bushels.
Russia-Autumn crops appear very
small. It is certain acreage will
Able economic conditions. We esti-
mate exports via Archangel will not
exceed those Of last year.
Italy-Our agent reports acreage
wheat will show Z decrease Of fully
Is per cent as compared with last.
Imports will be liberal but for pres-
e1,t arrivals are adsQuate-Broom
hall.
Acknowledgements continues over
4 wide area ana acreage to wheat is
showing smaller than earlier estimat-
ed. Reserves are large but little dis
position shown to market freely.
Greece-crop prospects fair. Re-
serves are not burdAnAomS ana for.
sign arrivals stopped. Great scarcity
Of grain prevailt.
France-weather favorable now
acreage smaller. Native reserves light
ana foreign arrivals meet ready ab.
% against 64s last week. Import
needs Will be large during war.
Cables weak. northwest ana Cana.
d. continues to get rain. Rain In
eouthwsst, sentiment unanimously
nsarish ana short side popular with
shorts being steadily Increased.
Corn-situAtion strong, cash premi-
uns gaining. cash demand better. It's
M a nf,> \ - 49,
Too much rain is interfsrins with eul-
livery at its big discount especially
around 60 cents looks rather lnvit.
ing as purchase.
Oats-There is nothing just now to
expect any radical price change.
Rather favor long side on weak spots.
Would take prodts On long provisiona
ana wait for good reactions to re-.
Kansas City wires: FOR first time
in history. the largest EXPORTING
house here has no wheat sold ahead
to go abroad. Ordinarily by this time
large contracts for new crop wheAt
have been made but this year little OF
nothing has been accomplished.
Chicago-Restine orders at 1.o1
half checked tho decline. ArmouT
bought only support coming from
ssiiing July oats, locals ana short
buXtng. Provisions-TrAde quiet with,
Indifferent tone but locals more IN.
clincd to buy, than yesterday.
Argentine estimate: Wheat 1900.
900; corn, 100000. international
review bearish-Broomhaii.
New York: Theso room trader,
covered quarter million short whea1
in Chicago around Z Ia this morn.
ing they don't know wheat from cats
but get the money. II market DON,
60 up soon they will put Il out lover
| Liverpoo-karkstc ruled wsat snd
further declines caused BY Americar
ana Canadian receipts and Continued
heavy arrivals IA United Kinrdom
Notwithstanding the recent sharp de.
cline II 10 still dimeult TO resist the
conviction that supplies evsrywhert
are too large TO warrant expoctationi
Of advance. Wet weather accom-.
panying American harvest Of winter
wheat. Of damage 20 spring wheat
might turn the market upward but
otherwise Se0 no Likelihood of q sus.
tained advance IN near future. It /.
still believed that the chief hone oI
the holders u the revival Of contin.
entail demand and at present this /,
athatic-BroomhAll.
polis-Millihe wheat IN
good demand. Mostly poor stun com.
Ing In. Bus stem No. 1 northern J,,ly
to six cents over. Velvet chAfI Jyis
to half cent over; -four trade still dul
&C. p. 4. co.