The sun. [volume] (New York [N.Y.]) 1833-1916, 1914-11-05
THE GRAIN MARKETS.
Foreigners buy over Two million
wheat-Itst strong.

Yesterday supplied a new record as far
~ the wheat export inquiry is concerned.
The actual sales were not the most ever
reported for a single session. yet they
were prodigious. Foreign wheat purchases
were given at 100000 BUSHELS Tonnage
! Is inadequate. freight rates are high, war
risks hard to obtain and terminal points
Congested at the Gulf; these are some OF
the obstacles that obtain and that pre-
cluded the filing OF the Unsuitable demand.
The market was feversh affar.
Speculative interests were again active,
one group OF longs apparently selling to
another II was agreed that values would
have risen more decidedly but for the
markets technical position and tho out
pouring OF wheat from the country
The tremendous farm movement and
resultant hedge pressure accounted for
the trivial recessions and hesitation dur
ing the rrst part OF the session. Another
feature IN the brief selling NOV ement was
the reported closing OF the North Sea by
Great Britain and also the vague sugges-
zion that Austria would soon sue for
peace. Large shippers declare that should
Englands supremacy OF the sea be i'm
paired grain shipments from the United
States would be subject TO great hazards
and values affected adversely. Whether
yesterdays exceptional inquiries FOR grain
represented this contingency is conjecture.
The Liverpool market was not appre-
clably changed Cash wheat In Europe
keeps strong. German officials have taken
steps that officials IN other countries have.
namely 10 stem the persistent advancing
tendency OF wheat and rye costs.
The trade was shocked to learn OF
further frosts in the Argentine, although
the damage was not believed TO be Inn
portant Crop news from Europe varies,
with some areas curtaiied and others
increased. However, the reports on the
probable outturn I'm South America are
now the most scrutinized OF the crop des-
Patches Our own winter wheat area has
been augmented II per cent, according
70 the PRICE Current, which Increment IS
hardly a. great as anticipated.
The primary movement yeyerday. vas
5000 bushels. against 2.63l, 900 bushels
IA year ago Both sets OF figures take into
consideration the election holiday There
are authorities In tho trade who refuse
70 accept the hiR receipts as a bear ergu-
ment. confending that values are being
maintained while the movement Is at It's
height and that tho current receipts are
at tho expense OF the volume yet TO
come forward. The point Is further made
that unusually large stocks are required.
as the United States is doing an un-
Irsccdented mercha ndising business
Corn.---The export sales were estlmajed
n 400. 900 bushels. Large Inquiries were
In the market Values gained about one
cent. diminished demand from shorts
kept the list within bounds. Favorable
weather conditions and come new crop
offerings did no; have depressing erect.
\ Few cars Of new corn have reached Chi
cagS and show fairly rood grading. This
rex. Government report Is expected TO
show 2.70O.0U0.00O bushels, against 2tts-
oon 900 bushels last season.
Oats.--The market was helped BY the
tone in other grain. Export soles we're
close 20 1000 900 bushels. Speculative
demand was fair Early in the day there
was pressure from the country. but this
was gradually absorbed.
Provtsions--Renewed reports that foot
and mouth disease wac present In
greater number OF cases than expected
impaired strength 20 the provision LIST.
Another embargo on receipts and ship
msnts from the Chicago stock yards &
threatened
l. = L..