Evening star., 1925-06-20
STILL DOWN
IN WHEAT MARKET
Big Crop Outlook Offsets
Black Rust Scare-Corn
and Oats Lower.
By the Associated Press.

BY the Associated Press.
CHICAGO, June 2o.-Despite sharp
rallies due to black rust danger on
both sides of the Canadian border.
wheat prices this week have failed TO
recover in full from setbacks brought
about largely by previous glowing re
ports as 10 the outlook for big crop
OF Spring wheat, especially in Can
ada. Compared with week ago. the
wheat market this morning was sc
TO 4s4c down, corn SIC to nc of.
oats At 3Ssc decline and provisions
irregular, varying from S5c decline to
1nC advance.
Bumper Crop Outlook.
One Of the factors which hsg had
the most depressing influence on
wheat values was an unofficial esti-
mate that the Canadian prairie prov
lnces this season would WELD 500 900 :.
900 bushels-an amount more than
double the total in 1924 This estimate
was current before the presence of
black rust anywhere in the Spring
wheat territory had become known.
Aesides the half billion Canadian esti.
mate. European crop prospects were
reported as above the average and
ho'oers ct wheat were further dis
courased by smallness OF the decrease
in the United States visible supply as
wen as by the slow rate of curtaiI.
ment of the amount of wheat on ocean
passage.
such circunlsta ACQUIRED sDe
clal significance, too. on account of
the near approach of the end of the
crop year, July l.
Price Rallies Expected.
Even aside from black rust develop
inehts' price rallies in the wheat mar
ket during the last part of the week
were expected by many traders. II
was pointed out that almost continu
Gus declines had carried the market
down 20 cents bushel. and that a
reaction was overdue. Furthermore
assertions that the probable Weld OF
domestic Winter wheat had been re
ouced 100000 bushels since the lat
est Government report were borne o11t
good deal by disappointing thresh
ing returns, from Kansas in DarticJ
lar.
Corn and Oats Lower.
breaking Of the drought over the
central West was chiefly responsible
Tor lower prices on corn and oats.
Lard stocks failed to decrease as
much as expected. On the other
hand, there was an improved dema nd
Tor meats.
TOday's Grain Prices.
CHICAGO, June 20 OP-Inauenced
largely by chances that Spring whea-
VIII fail to reach maturity without
serious impairment from black rust O,
other causes, the wheat market TO-DAY
mace an early fresh advance. Profit
taxing sales led to only temporary set
backs. Furthermore, Liverpool quo
tations showing that United States
"heat values are at present on a do
mestic basis had but little if aDv i'm
mediate effect as d deterrent to spec
ulative buyers. Chicago openin.
figures, 1sc lower to lc higher
July 1.5s1t TO 1867. and September
l.55 8 to 1861. We're followed by 2
moderate general downtone. and then
by a rise TO 1.57Ss for July, and 1851.
for September.
Corn sympathized with wheat. AT
ter opening at ssc decline 10 &c ad
vance, September 1.o97s 10 1.10ss. the
corn market ascended all around to
above yesterdays finish.
Oats lacked support. Starting Al
&c OF to 1sc up, September 81 to
OF oats underwent a general sag.
In line with hog values, the bro.
vision market was firmer.