The sun., 1918-08-04
Movement to Primary Markets
Last Week Amounted to
18,179.000 Bushels.
GAIN OF ABOUT 5000, 900
Receipts at Terminal Points
Establish New Record
Millers Are Supplied.

The figures on wheat are a record for
the winter wheat movement There has
been no season in. years, when the COM
bination OF fine crop. fine harvest con-
ditlons and high prices have worked in
such harmony as this year. Instead OF
holding or. the country has sold with
great eagerness, 40 that the country
movement has been on an enormous
scale and the receipts at terminal mar
kets have been record. The fact that
from condition OF practical starvat ton
as to supplies In the hands of the millers
on July /, the demand has been filled
b. country marketings to a point where
the surplus of movement Is creating
record receipts at terminal markets.
shows the extraordinary size OF the
movement of winter wheat. Some close
students Of the winter wheat marketings
believe that by the end OF this next
week fully a fifth of the entire winter
wheat crop will have left farmers
hands.
This does not show any dissatisfaction
with the price. only readiness TO turn
the wheat over into dollars at a min
imum price of 50 a bushel for No. 1
wheat sat any railroad station in the
country. The movement of oats. OF
course. has not reached any such pro-
portions as wheat. due to the fact that
oats are harvested later than the wheat.
and there has not been the temptation
OF the price to market the oats. Never
theless the country movemen. of oats
Is becoming. very heavy. according to all
accounts. and this win be reflected
shortly in a very heavy terminal move
ment. Naturally the movement of corn
will be influenced for some time by UNI
certainty as to the new crop. but as the
month of August advances and the con-
fidence in the new crop outcome becomes
greater the movement will undoubtedly
increase. Receipts of rye and barley
should increase heavily within a short
time. Private advices from the Pacific
coast indicate a very heavy movement
Of the new barley crop there.
CHICAGO. AUG. Assumptions war
news and week end liquidation brought
about nearly continuous downturns to-
day in the value Of corn. Prices closed
nervous IL to 2ls net lower with
Aug. 1854 and Sept. 1915 TO 1874
Oats lost y to ga and provisions sc
to acc.
General selling and lack Of support
characterized the corn market through
out the session. A ma jority of longs
apparently took the view that both the
military outlook and tho crop status had
made the time opportune for unloading
without any attempt at delay over Sun
day. The increasing ,rapidity OF the
Allied successes in France and the in
dications that dry sections OF the corn
belt would be relieved by rain were
equally sources of weakness and in
particular to holders who had bought
on yesterdays advance regardless OF
extra bearish advices from the battle
front. In to-days trading the only
rallies which occurred were brief and
seemed to he due altogether to prof,
taking by shorts.
Free hedging Of the new crop weak.
ened the oats market Receipts here
were heavy and for the week totalled
more than twice the amount a year
ago.
Provisions receded with grain and
hogs transactions were few and small
On the other hand, shipments continued
big.