The sun., 1918-08-16
RECORD MOVEMENT
OF WHEAT NOTED
Volume Now Handled Assures
Meeting Of Allied Army
Needs Next Winter.
Heavy Transport Of Other
Grains Forecast for q
Later Period.

While the movement OF wheat at pri-
mary markets has been Of record pro-
portions for the last three weeks and
has relieved the apprehension as to the
question OF supplies for domestic milling
and for export. tho movement has had
another and far reaching effect in some
markets. Locally the tremendous pres
sure Of wheat offering resulted in the
hlling up Of the port facilities. as far as
the cargo room in sight was concerned.
and caused q suspension OF permits, so
that no moro business could be done. In
order to make room for the wheat about
to arrive holders Of other grain in store
at Now York have had to dispose OF this
grain and move It out, as per issued in
structions Of the Grain Corporation. in
order to make possible at terminal
points the moving and handling OF wheat.
What the effect Of this will be on the
market for feed grain is somewhat OF a
problem Permits for moving forward
additional unsold amounts are not avail
able. and with stocks about cleaned up.
excepting the grain awaiting export,
there IL the possibility of q very limited
supply on hand here to meet the normal
distribution. At the interior markets
the congestion has become q factor at
several leading points. SO much 90 that
the question OF storage and handling is
becoming factor to be very carefully
watched.
The movement Of corn is light at the
moment, but the movement Of oats Is be-
ginning to assume volume. and within
an extremely short time there Is likely
to be huge movement Of spring wheat
coming at the same time as the active
Movement Of oats and barley. The
transportation Of winter wheat will nat
urally fall Off Much depends. however.
on the facilities for handling the grain
at the seaboard and where tonnage can
be made available in order 10 move the
grain quickly. The movement of wheat
Is fortunately large, on the other hand.
removing all apprehension as to supplies
Cor shipment to the Allies, but It may
necessitate the beginning Of accumula-
ton Of the reserve stocks months ahead
OF the time expected by the trade
CHICAGO, Aug. Is. - Notwithsta nding
that further rains eased the corn mar
ket at the opening to-day prices soon
scored a material advance. Scarcity of
offerings formed the immediate reason
for the development Of strength. In
creasing seriousness OF crop damage re-
ports tended to make sellers cautious
the same as yesterdays finish to Nc
lower. with September S1.e0& @l.61h
and October $1.s2k 9I.S2k. were fol-
lowed by a decided upturn all around
Ffrmness in oats resulted from the ad-
vance Of corn. Trade lacked volume.
After opening at hc. of to MONO.
higher. with September 6sx @ssHc., the
market scored slight general gains.
Business in provisions was Of only a
scattered sort. Price changes were un-
important -
WHEAT-TradinE operations in the
wheat market are stiil being checked. as
Tar as the seabesrd Is concerned. by the
slow s1Dor, mSvemsnt and the fears of
to arrive In large volume. Reports from
Chicago said that that market was getting
sory Tss aa.y THO "s in
Is exceptionally fine and out OF ], 200 cars
received at Chicago on Thursday Lie
ping a large amount Of wheat, and Broom.
halls estimate for this week was s,7oo 900
bushels, asainst e,s23.O0o bushels last week
and $4,000 bushels last year.
CORN--Cnfavorabie crop news cont,su.,
to pour In from the sections of the corn
belt where the crop has been badly surt
by the recent hot wave, Further COED
belt. but they had little influence. as many
authorities have stated that the crop has
neen injured SO severely that rains can do
little u any good The local cash market
wa. dull, but prices were steady; fresh
shelled No. 2 yellow quoted at sock; No.
3 yellow. r.ssS cost and freight New
York.
OATS-The oats market displayed a
very steady undertone. ana at the close
OF the day was 9hc. net higher. The
local cash market was barely steady;
soc; No. 3 white. 7s6Tshc.; No. White
7s97sc.: fancy clipped white, SI0s,c.
ordinary clipped white. 7sGslc
kfE-Market quiet. No. 2 Western.
s.71 cost and freight New York.
BARLEY-Market dull. Feeding. s,,o
Oils: mailing. $1lb9I.2s cost ana
freight New York """
HAf-Markst Arm. No. I. n.s50l7o
No :, ti.Ss 1l.6o; No. . sl.IogII5
CHICAGO PRICES.