The sun. [volume] (New York [N.Y.]) 1833-1916, 1914-12-03
GRAIN MARKETS.
Exporters buy whent-Crop News
Mtxed-Coru Firm,

With the exception OF tho spots OF
weakness In the Chicago December op-
ton the undertone IN wheat yesterday
denoted much strength. Fears OF a ere
alton OF AN overbought condition were
again expressed. yet there were specula-
tive interests unable to resist following
the persistent accumulatons by exporters.
The transactions with Europeans were
guessed at 100000 bushels Some cash
wheat handlers averred that there Is
again a tendency to exaggerate the vol
ume OF export sales. II was plainly in
timated that aside from the formidable
obstacle OF procuring vessel room there
were lfiicuNies. Bankers are doubtless
cooperating in every way To facilitate
legitimate business OF all kinds, but some
grain exporters are said to be facing an
obstacle on account Of extraordinary
commitments AZ present. Actual de-
partures OF boats are necessary to lessen
the tension.
The Liverpool market responded to
gains on the side. AS yet there is no
pressure OF Argentine wheat. foreign
house had an estimate of 1O0OOO,O0O
bushels for tho Argentine surplus. Con-
servatives seem more inclined to con-
slider the 100, 100000 bushel estimates
than those of upward OF 100000
bushels.
Crop news OF the day was rather bear
ish and exerted influence. At the South
west. for instance. larger farm offerings
emphasized the effect OF the recent bulge
in the market and rains In the winter
wheat belt. Parts of Missouri and the
bulk OF the wheat area east Of the Mis-
sissippi were moderately mo Stoned. The
Price Current again publishes complaints
OF the Western drought and the Insects
IN the East, but the area Is figured al
100000 acres more than in 1913. when
II totall.d 36.J0l,0QO.
Al eta fytf on
winter wheat area and condition Will ap'
pear. on December - the final report
on the past seasons results will he made
public. Some authorities believe that the
aggregate wheat crop will be revised 70
/ more than 905,O0O.OOO bushels. against
| So, OO0. 900 last reported. The produc-
| ton a year ago was 49,. 600 600 bushels.
The receipts OF the mldweek amount
to 66a3OV0, against 1.15l,OOO for the
same period the previous week and 4,4O|.
| 600 last season. About So.oO0.OOo bushels
, OF the i35.OOO.000 bushels excess have
| already LETT the farms. thus Illustrating
how the onerous movement TO date may
| easily be converted into an argume mt
| favoring the opponents or higher values
should the export requirements OF Ameri-
can wheat continue during the Argentine
marketing period. which commences noml-
nslly on January !.
Corn.-Although thers was country sell
! Ing and profit taking on the bulge, the
I tone was very firm. Heavy receipts
| ls0o.O0 bushels more than "tSt week.
! received only passing motive. There were
, export sales OF 100000 bushels and FOR
| eIgn markets were very hrm. Wet
weather east Of the Mist ppl River -
/ now interfering with the movement The
/ market was also helped by the rise IN
! wheat.
| OatS-There was considerable l!qu!da-
ton In the December option. Export de-
mand was rather limited and country
| pressure was felt The declines were
! checked by the action Of other grain
| markets.
! Provisions during most OF the day
offerings were lcht. The trade had
! looked for decline because Of very
heavy hog receipts and limited cash de-,
maud shorts bought on the slight de-
! cline
! Chicago prices