The sun. [volume] (New York [N.Y.]) 1833-1916, 1914-09-01
THE GRAIN MARKETS.
strong Upward Trend Of wheat ana
Oats-Corn Hesitates,


Holders Of actual wheat and wheat
contracts had much In their favor yes
terday They were rewarded with an
advance through the list Of from three 10
four cents. The liberal demand for Eu-
ropean account was concentrated at the
opening OF the market and explained the
large Initial gains az Chicago. Deliv-
cries to-day are not likely to be onerous.
Experts ON grains who have traversed
the western country are returning with
very bullish Ideas. La Count says that
farmers are expecting $3.50 for wheat
as result OF the war and that while
the winter wheat soil is in good condition
teamwork Is unsatisfactory late.
Private kilograms made It evident that
more or less wheat was being sold by
Southwestern. Northwestern and Cana
dian farmers. The movement attests to
this still the wheat receipts from day
to day are not bringing about much
hedge pressure. Tho demand from mills
and outside interests sufficed yesterday
to absorb such offerings and that which
principally represented profit taking sales.
decrease OF 1900. 900 bushels in the
visible supply again emphasized the
farmers indlsposition TO sell. and also
the free distribution OF the grain being
sold. Tho visible at present contains
only 32,00o,000. against as, 600, 600 last
season A prodigious amount remains
to come forward but holders are con-
fdent OF an overwhelming demand be-
! cause or tho war and crop failures in
various foreign countries. The European
visible supply totals only 100000
bushels. against $4,000, 900 a year ago.
Speculative interests were further en-
couraged yesterday by a rise OF 2he at
Liverpool. claims OF moderate fresh export
sales to the United Kingdom and France
and by the prospect OF showery weather in
h. at x.,l -
lowered the wheat quality. Flour concerns
reported more business. II Is now argued
that the so-termed outside buying OF
wheat is literally semi-investment absorb
tion. az the heavy margins required limit
the dealings and protect operators. so that
the first decline OF five or six cents in the
markets does not entail stop loss selling
or decentralization.
No significance was attached to the pro-
test hled by Great Britain against the
American purchasing Of foreign veesels a.
grain exporters insist that plenty Of ahips
are still available for business
Corn-The bulge in wheat and oats
helped this market for time, but buy
| ing power was lacking Smaller country
offerings and reduced receipts failed TO pre-
vent a shrinkage OF cash premiuma
There was a gain OF 1.327.oo0 bushels In
| the visible supply statement. The market
| also felt the absence OF a timid short IN
terest Argentine corn Is not particularly
| steady at present, rs expectations from
that country have been officially limited
/ but the offerings to the United Slater are
small and hampered by the dfficulty in
| financing.
Oats-Sales for export were figured at
more than 1000 bushels. The domestic
demand IL less urgent. Speculative buying
IL incessant, however. and values were
| raised sharply yesterday An increase
| of country offerings on the bulge and
profit taking Mt the new high levels re-
suited in n partial reaction. There was
gain OF 1900. 900 bushels in tho visible
showing.
PROVISIONAL liberal inquiry was man
ifest. There was less fear OF liquida-
ton on September contracts to-day. Cash
and public buying has improved in vol
ume The movement OF hogs Is small
II Is understood. however. that farms con-
tain q large number Of pigs.
Chicago DrfceS: