The sun. [volume] (New York [N.Y.]) 1833-1916, 1914-12-05
5O,OOO,OOO WHEAT
GOING THIS MONTH
Bankers Estimate Record Ship.
ments Of Grain and Flour
to Europe.
100000 SENT YESTERDAY

The uneiquvocal evidence that wheat is
leaving the country at an amazing and
unprecedented rate impaired strength TO
yesterdays market. Clearances for the
day were enormous, and for the week
the aggregate was close to the record. In
banking circles It is estimated that So
100000 bushels OF wheat. including -four
exports, will be shipped from the United
States and Canada during December
There was more zest to the demand
for wheat In the course of the session
Tho buying came principally from ex-
port houses. their followers and large
shorts Naturally. speculative inquiry
expanded. ignited 10y the pronounced
strength in the December option.
This delivery rose 2isc. and was pur-
chased freely by large Western eleva-
tor concern.
The miscellaneous outside holders Of
December have been virtually eliminated.
and much is heard OF an even basis for
the current month and tho Chicago
May delivery.
Although not inclined to commit them
selves well known exporters hint that
large business continues to be trans
acted each day. The guess on yesterdays
foreign takngs was 100000 bushels.
Some authorities were reporting about
1000, 900 bushels, hut included in this
total were sales cousummated late Thurs
day
According to Brddstreets the weeks
-four and wheat exports reached ?,S75,oOo
bushels, against 7.693.0o0 a week ago,
and 53is.00O for the corresponding time
last year since July / the figures are
1874 100000 bushels, against lJl,OO0.OOO
bushels However, the showing in the
United states alone Il more bulllsh
\ conservative estimate on the ship
m,nts from this country since july l
would be $4,000 600 bushels. as COM
pared with 10000. 900 bushels the preced-
ing season In other words. American
wheat is going abroad I'm relatively much
greater volume than Canadian wheat,
partially rejecting the hig surplus her"
and the 6o.Oo0,OO0 bushel shortage In
Canada.
The clcarances yesterday were 500 600
bushels. including 10000 barrels OF nour
Export buying OF -four Is spasmodio, but
In the aggregate is heavy. on Thursday
70 600 barrels were purchased by the
Belgian Relief Association This all
sorptlon took place at Minneapolis. but
local and Southwestern interests have also
felt the Unsuitable European demand.
Realizing sales for timid bulls are still
numerous and check upturns. Such
.
tlme to come. as tho long interest in the
market is believed to be OF substantial
proportions
The tenor OF the Argentine news in
spired little selling the weather con-
tlnuuz ideal and offerings decreasing
sim an authentic report was received
that Liverpool authorities were paying
$40 for Rosario wheat against sl3i
for American hard winter.
The area east Of the M!ssiss ppi re-
ce.ved further rains. hu; the drought In
the west Is uu5roNen More attention -
gwen 10 this feature with the passing of
each day aud Advancement % the winter
season. Low temperatures Immediately
following rainfall would he unfavor-
ably regarded.
Corn Short covering was active. In
duced bv tho strength OF wheat Export.
crs bought about 900 o00 bushels. Tn.
hedge pressure limited the hulges, hut
DID not encourage bear interests, who
feel confident that no early dim.nutou
n the movement viii be seen
Foreign markets continue compare
lively strong rejecting to a degree adj
VancirG frelghts.
Oats-There was decidedly less sellint
pressure Rumors OF far export in
quiry and the upward trend of other
grains brought about short covering and
! some fresh speculative demand Selling
Ihy cash houses was noted as tho hs'
rose
Provisions Offerings were frequently
scarce The hog marke, Is showing a
better tone Packers were buyers and
scattered short Interest covered on the
strength IN grain. Chicago prices: