The sun. [volume] (New York [N.Y.]) 1833-1916, 1914-12-31
THE GRAIN MARKETS.
wheat Liquids Demand
sIsckens-Coarsc Grain Easier.


July wheat ut Chicago, with net dc.
cline OF lac, led the downward ten
dency yesterday. Other options were al
nest as weak At no time was there
noteworthy display OF steadiness despite
the fact that some of the important West
ern operators were urging the immediate
purchase OF the market on the indications
of an export demand.
As the day progressed. It dawned upon
the trade that foreigners were not eag-
erly accepting offerings. The sales to
European interests were about 500 600
bushels, the greater portion OF which
were contaminated late Tuesday. There
was quite little scattered Ii luidation
which was also inspired by the proximity
OF tho holidays. the Austrian defeats, and
fears OF determined Argentine COMPETE
tion for the ensuing few weeks
Tho Buenos Ayres market. however.
rose about sc. yesterday. This factor
encouraged some of the large wheat hold
ers, who believe that the war will he Of
long duration and that in consequence
the American wheat holders will not he
bothered Indefinitely with the Argentine
supply The private estimates received
yesterday on the surplus In the Argentine
varied from 10o,OOO,OO0 to 12.,0OO.000
bushels.
The other crop news was not really OF
a bearish tenor. There has been a pro-
relief promised. Some complaints of adj
verse weather also came from the United
Kingdom. There were limitations OF
winter killing in parts OF Kansas and
the Ohio Valley where the snow had been
washed from the soil but apprehension
on this score was allayed by the predic
ton of moderatng temperatures.
The Northwestern markets were rela-
lively steady at times. Comment on the
comparatively small farm reserves of
spring wheat and reports OF larger -four
sales accounted for this feature. Price
Current figured the amount OF wheat to
come forward from the three North
western States at only 9,5OS.O0O bushels,
not counting the requirements for their
local mills. The domestic -four demand
has expanded this week and some large
foreign taklng> have come to light. with
further substantial inquiries pending.
For the half week the interior re-
ceipts aggregate 4.054.00O bushels.
against 4.639.000 the corresponding time
week ago. and 2,372.000 year ago.
Shipments were 2.55l 900 bushels. against
$4,000 bushels. and 1.265,000 in 1918.
Tho exports total $3.50. 900. compared
with $50 900 and 2.ol 5000 last year.
Corn.-The losses In the market were
attributed 10 the wheat decline. There
was scattered liquidation and less out
side support. Contributing Influences
were the COOL sized farm movement and
predictions of liberal visible supply
gain on Monday. Big Argentine crop
estimates published were regarded as pre-
mature as planting has barely been COM
pleted on the decline there was more or
less demand from interests who are an
ticipatng firmer cash situation next
month. revival OF the export demand ana
recurrence OF strength in the wheat mar
ket
Oats.-There was drop OF about a
cent In the cash market. Export de
mand was less noticeable and actual for
eign purchases were light. The decline
in wheat induced outside liquidation.
Country selling lacked volume The farm
movement has been reduced slightly.
Provisons.-The action of the market
was considered satisfactory TO the holders.
Neither the l5c. decline in hogs nor tho
weakness In grain caused persistent SELL
,ns Packers were &c: hcds.ns ~ freely.
Chicago prices: