The sun. [volume] (New York [N.Y.]) 1833-1916, 1914-09-05
THE GRAIN MARKETS.
Sensational wheat Advance-Au
Grains At Record Values.

Fraction after fraction was added to
wheat values yesterday until an advance
OF cents bushel had been completed
The salient influence was the in.lstent
absorption for cash houses against their
sales Of wheat ard nour abroad is
estimated that more than 1,O0o,o
bushels of wheat have been disposed OF to
interests on the other side since Thursday
morning
Tho news developments during the
course of the session furnished impetus TO
the uprush OF quotations. Farmers i'm
various sections were credited with re-
lieving themselves Of huge quantities at
the advance. hut considerable was pur-
chased by milling people who have sold
81 much flour ahead for domestic and
foreign consumers that the wheat bought
does not require hedging. This accounts
for the stability Of prices ~ face q a
farm movement this week nearly double
that of the same time ~ year ago.
Great stress was laid on the days clear
ences of 100000 bushels. Likewise ne
Bradstreet report, showing an unprece-
dented total OF wheat and flour shipment.
for the past week, was not ignored. The
figures were - 400 80 'n',prad "''h
9,3a7 900 the previous week and 5,O6i 900
in 1918
Sentiment in speculative quarters was
more divided. The diverse opinions did
not really signify that higher markets
Were not expected hut rather that many
erstwhi,e bulls had accepted their profits
and were awaiting An opportunity for rc-
Installing There was. of course public
buying yesterday based on the war news,
yet 1t is very significant that during the
past few days the September delivery ut
Chicago. which virtually represents cash
wheat and which Is not wanted by spec
ulators. has risen cents more than the
May option which is the popular trading
month for the outside contingent.
Private cables told Of a sharp rise in
the Liverpool wheat market due to French
buying. Denmark and Norwegian coun-
tries are said TO be taking grains wherever
and whenever possible. Foreigners DO
not bubble these days over few cents a
bushel.
Corn.-The rise Of two cents can be
ascribed principally TO the excitement in
wheat Bulls look for an enormous feed
ing demand on account OF tho relative
scarcity OF substitutes. La Count esti-
mated the crop at 2s4o 900, 900 bushels.
against o.44s, 900. 900 last season. The hg-
ures caused a little selling. but such
yield following the crop failure OF the
preceding season would hardly be con-
Sl'ltTtu Is i-Il'tc 'i'Sch at
new high levels.
Oats.---The market for oats was ex-
cited and very strong. Some interests
were claiming an unparalleled export de-
mand others a cessation OF the urgent
inquiry Profit taking sales were wen
taken even at the record prices and few
in the trade were OF the opinion that the
foreign absorption had been completed.
provisions.--Just prior 20 the close 81
the market the big rise in grain caused
a general bettcrment In the demand for
provisions During the early trade prices
saggcd In the absence Of support and in
~ mpathv with the easier hog market
Feeding costs are now very high. which
constitutes one OF the strongest argu-
mcnts for higher provision levels. Chi
caro prices: