The sun., 1918-08-27
GRAIN PROSPECTS
CHANGED BY RAINS
Market Developed Strength on
Cash Conditions and
Corn Damage.
Low ESTIMATE FOR CROP
General Revision of Wheat
Substitute Programme
Expected Shortly.

sI'tNtNfa DaV1 w.
The rains since Friday have entirely
changed the weather conditions from
Lake Erie southwestwHrd to Texas and
wcst to Kansas from a half inch to four
inches Of rain fell In the Southwestern.
TO three inches in Kansae--Rnd II wRs
raining Monday morning over q stretch
NJ several hundred miles from Arkansas
northeast 70 Lake Erie. In the NORTH
west rains have shipped and harvest con-
ditions are greatly improved. Dry
weather was needed there. ms there VIVA
fear Of damage 10 harvested grain, dis-
celebration. II not worse.
After refsrtinr these conditions m
sptnrdRy and early yesterday The grain
markets AL Developed quite decided
strength. due II WIRE Claimed. 10 cash
conditions and To the b-,iief TINT the corn
crup has been damaged beyond recpv-
cry. The estimates IN the curn c-up are
ms low as 2.700, coo. 900 bushels for the
extreme. 1T be possible that this low
estimate may be realized, hut the actual
results on every crop harvested no Ear
ms season hEve been hetfsr than the
estimates from the condition.
New reEuluriUns hive been fssued on
the specifications for corn products,
which modify the restrictinns aH To
moisture and fat content The matter Of
muisture and fat content has been q very
difficlift one for the mills To control
owing 10 the vsry pOur quality Of the
rurn the past year. Mills which grind
r@ff1
more modified restrictions than mills
which grind corn for interstate eistribu-
ton Ii is expected that the reEulstinns
FOR barley -four will ne modified lizzie
ms 10 fat content, although the extraction
is expected to remain low.
The trade " anticipating general
revision Of the substitute programme
within q short time, along the lines mt
mated IN Mr. HepvHr's recent statement.
II 4 substitute programme OF, 5000 Per
cent In general both in the households
and the bakeries II IL expected that &
VIII result in the saving Of over 100 .e0o,-
600 buFhels Of wheat and be distributed
over the entire year instead Of the
severe restrictions OF the last year over
less than SIX months.
CHICAGO. Aug 2s.-The corn market
hruke at the opening to-day hut rallied
or prnfit taking by shorts Rnd the execp-
Tim pf buying orders which had been
resting In brokers hands October opened
lac. To tec down nj sleo To 81 So y and
rallied 10 s1.6oM, ny nc. higher than
Saturdays close. Tbere was an excel
lent cash demand. fe-dsy's rally Was
ne surprise IN view OF tine big decline
last week the CLOSE was 2sc up.
Octuber NJ s1.ssL.
na% E-vx, Ctr-n wv
sc nj T2&c. and advanced 10 7e%c
Provisions were inactive, with prices
noninRlly steady. Pork closed IL a sbc-
lower. but lard and ribs were 121s q 1sc-
ND.
wHEAT-Rereipts az wheat nj the r-a-
rcH-d continue II run n excess of the e1-
ports ard while che trace here has beer
PROMISED improved facilities In the way
~ shipping permits these have nut beer
forthcoming Ano II ~ evident that The
NJ serious congestion have been relieved.
The movement ~ Western points vaE
abouI q 1nillson hushis less than las. week
nut much larger than veH- AFRO Owing
to the improved eatheT In the spring
whea; belt receipts AT Northwestern points
aye now increasing and !, a much la-gsf
The visible SUNNY m th- United States tn
creased s41e. 600 bushels for the week
mskinf q tata. incresst o. w., '.as.a". ~
supply is nnv All eco bushels, compared
with .sss. 0eo . year ago
oOEN-After an early decline Of about Il
cent a buEhel the corn market rallied ana
Curing the Gay Developed pronounced
strength. There WIS active covering nr.
evidences 81 ar ove-soid market ana prices
ran NJ about cents a bush.l from the
early decline, closing with nei gains for
The day Of ! y TO 2%c. ReoeiptH al weE:-
err points were considerably larger and
the prospects were for much greater
movement this weak than was experienced
last week The visibi. supply decreased
l.2se geo bushels bringing the total 10
5,52e. 600 compared with 1861 .1N last
year. In the local cash market the de-
mand was very SLOW: fresh Ehelle6 No. .
yellow quoted al s1.H7k. No. yellow
tl.sTL c. { New York
OATS-The oats market was f-rner IN
sympathy with corn and covering by
recent sellers Receipts were liberia and
bushels, with q total of 1Sos5. zoe com
pared with 5.7s5.eoo las year. The local
cash market vns inactive but prices were
steady; standard ouuted q; e. q sILc
No, white, g2 to 81 he. Nc. White s.
~ 81 \ C, No. 4 white, SCI 10 sAA- fancy
clipped white 81 to Sac; ordina-- Clipped
white. g. to Sac, al elevator.
EYE-The market for rye contracts IN
The West was Irregular, closing he lower
10 NJ net higher. The local market wac
steady for the cash article: No : Western
s. - c Z New York.
BAkdEy-MHrke- easv; Feeding, slso
10 tl-2b. mating, sl-ss 70 g. sc c. 2 New
York
HAY-Ma-ket arm; No. :, 81. sB tn $40;
No. 2, si.ss TO fl.so; NO. g. s1.4D 10 Sl4L.