The sun. [volume] (New York [N.Y.]) 1916-1920, 1918-07-16
WESTERN WHEAT
FLOWS INTO MARKET
Days Receipts Arc 1861, 900
Bushels, Against 10000
a Year Ago.

Western receipts Of grain show the
effect of the favorable harvest condi-
, lions. the higher prices. and a willing
ness Of the country to accept prevailing
prices for grain Of all kinds. Yesterday
Kansas City had a thousand cars OF
new wheat and ST. Louis over six hun
dred. with the total Western receipts
2.esl.ooo bushels. against 4o1 1000 last
year.
Corn receipts were nearly 400, 900
bushels more than last years. and oats
receipts over 100000 bushels more. For
the past week the total receipts OF all
grain were double those OF last year
The larger movement at the terminals
reflects a larger movement from the
farmers at country elevator and mill
points. Demand for wheat is active.
however. at the terminal points. and
mills are continuing to pay premiums
over the base price in the interior mar
kets, but the absence OF competitive mill
demand at the seaboard keeps the mar
ket down.
The announcement has been made by
the Grain Corporation OF the buying
prices and regulations for the new wheat
crop. The effort of the Grain Corpora
ton has been TO get back into the hands
OF the trade as much initiative as pos
sible in handling wheat. and the receiv-
ing and merchandising of the crop. both
as regards sales to the mills and sales
to the Grain Corporation at the ter
minal buying points. The mills are con-
tinuing to pay premiums for the wheat,
owing to the urgency Of the -four de-
mand. but these premiums are expected
to disappear 9Th the increase of mar
ketinR by the farmers
The defeat OF the proposition to pass
the $40 bill over the Presidents veto
removes any question regarding the price
which will prevail for the coming year
and II Is quite possible that with this
settled price in mind and the desira bility
OF getting money as promptly as pos
sible there will be a heavy movement
Of wheat from the farms. which will
eliminate premiums and cause consider
able accumulat!ons to be made by the
Grain Corporation. although II Is ex-
pected that any increased movement at
the start will result in a material in
crease in exports.
CHICAGO. July 15.-Assertions that the
number of cars In many sections was
not plentiful had bullish effect to-day
on corn. and 80 too did a good sized re-
duction OF the visible supply total. The
finish was unsettled 2% to 3lsc. net
higher. with August sl.63h to s1.63%
and September sissy to s1.63Ia. Oats
gained Is to &C. Provisions closed I'M
changed to 30c. higher.
Upturns in the value OF corn followed
on early decline due to favorable weather
and big receipts II soon became appar-
ent. however. that the market was in
heavily oversold condition. Aggressive
buying on the part Of strong commission
houses ensued. and during the last half
Of the session bears were fighting among
themselves to get grain back. Under
such circumstances the fact that the
visible supply showed a decrease of
$4,000 bushels for the week gave
strength to the bulls. especially as
gossip OF some tightening of the car
situation was current. Crop reports
were suspicious. but failed to act as an
offset.
Oats paralIeled the action Of corn.
was said that 100000 bushels were
loaded here to-day for Georgian Bay.
e.s6l.ooo bushels. compared with $4,000
the previous week and 4ol.ooO last year
The wheat: however is moving directly
very little accumulation at visible supply
point. The visible last week gained only
$4,000 bushels and the total 10 now 925.-
000 compared with $685. 200 year ago
Crop accounts were very favorable. as the
drought has been broken in the Montana
district by good showers.
CORS-New high records for the sea-
son we're established in the corn market
yesterday when the August position sold
at Sl.64 and September at Sl.64A. Early
in the day thsrs was decline OF about
cent a bushel under selling by traders. who
took bearish view OF conditions on ac-
count OF very favorable crop adNicrs and
owing to the weakness in Wall street as
we'll as on the reports of the new German
States decreased $4,000 bushels. bringing
the total to 100000. compared with
3.2ss.0O0 year ngo. In the local cash
market fresh shelled No. yellow was
quoted at 3s.os% and No. yellow Sls3%.
cost and freight New York.
OATS-The oats market followed much
the same course rs corn. declining early
and later developing decided strength
closing with net gains OF u to lac, The
late positions sold at new high records
but July was &c. under the high point OF
last week. when 1t sold at 7siac. The
and the total was l0.775.ooo. compared
with S,206000 year ago. Local cash
market unsettled; standard quoted at 80
d9o4c. No white, sos &C.; No. white.
clipped white. sOqs3c. ordinary clipped
white. $50 soc. all elevator
RYE-Market quiet. No. Western,
slS5 cost and freight New York.
BARLEY-Market dull. Feeding. 1870
al.25; mating. t.sogl35 cost and
freight New York
HAY-Market quiet. No. !. sl45@l5o;
No. 2, fl30Gl.4O: No. 3, $l1l.l5.
CHICAGO PRICES.