Show GRAIN DRAIN ESTIMATE DECLARED LOW lOV Influx of Winter Vinter Wheat In Chicago Brings Price Down CHICAGO July 24 By 24 By The TheAs Associated Press Press Leading trade authorIties h here rn are confident that the tho recent government estimate c of domestic winter wheat production will have to bo raised to a IL mater mater- material itt ial extent Strikingly optimistic report are Ire current as a to yields In Inthe tho region adjacent to Chicago Th s fact together with huge hugo arrivals of winter wheat In the southwest 13 an outstanding out feature of ot the week In the tho grain trade V LUIS with a week ago wheat values value this thit morning were 3 to 5 cent cents a bushel lower wIth corn varying from 1 I cent do- do de decline cline ellne to li 1 cents ts advance oats 7 to 1 2 cents up and provisions 22 cents to 1 1 down With the tho wheat crop In central territory just beginning to move In Indications have been that producers will III market freely and meanwhile the movement mo ement of wheat to south southwestern western terminals has been pro pro- pro prodigious In this connection hension henion apprehension Is expressed In some quay quarters that the effect may be to force torce much wheat to northern and east east- eastern eastern ern era markets market In Irs competition with the big movement of wheat natural to the Chicago region at about thIs time CANADIAN DI CROP litTlER nETTEn On tIme the other hand although t rain yams In the spring states havo have somewhat relieved relle drought condi condl conditions lions latest point to lower estimates production of spring wheat tion as compared with July 1 Canadian crop conditions condition how how- however however however ever arc are represented as decidedly better than the most recent oHI official cial dat forecast would suggest One widely known private expert es- es es estimates that according to the tho pres pros present ent Int nt outlook the tho three chief pro pro- pro province vince will perhaps do almost GO- GO BO bushels better than the Canadian government figures figure With the tho corn crop this generally expected to to tall fall well be below low the tho 1925 output corn prices for the most part are aro showing an upward trend The value of o corn for July delivery here however Is weakened by the large amount In Chicago elevators and by the tact fact that some somo omo of this corn has been heen posted as out of condition Crop damage reports report from a wide wId weep sweep of territory have strength strengthened ened the oats oat market Extremely hot weather went ent hand In hand with a falling Calling oft off In In-calt In can call for packing house products an and with a consequent sharp drop In VII values value lues |