The sun. [volume] (New York [N.Y.]) 1833-1916, 1914-12-12
THE GRAIN MARKETS.
wheat Exhibits stcndines.--Ca$h
Premiums Rai.cd--Corn Firm

Nothing unusual was witnessed in the
wheat dealings Of yesterday. During tho
major part of the session there were
fractional advances in the list There
seemed to be quiet short covering for in
terests which presumably were content
to accept rather small profits
II was intlmated that certain operators
who have at times attained notoriety IN
the cotton and stock markets were an
tcipatng lower wheat levels and had
already sold freely. Their theory is, ac-
cording to the gossip. that great compe-
tltion from Argentina is Inevitable and
that the Chicago wheat market is ;vchui-
cally weak
Sustaining factors Yesterday were the
lighter receipts at the Northwest. harden
Ing Of cash values and further emphasis
on the recent frost damage N Arrcu-
Una. Exporters asserted that the ag-
gregate business for the day was not
heavy. estimates ranging from coo. 900 20
500. 600 bushels
The embargo on wheat shipments into
Galveston as enforced by the santa Pc
road was an instance OF the congestion
at some OF the gulf terminal points
which Is interfering with the export trade
Smaller country offerings contributed
more TO the advanced asking prices on
cash wheat than the actual demand
Peace rumors had much to do In plac-
ing damner on bullish enthusiasm Il
was argued In some quarters that an
arnistice for over the Christmas HOLIDAYS
might pave the way for a permanent
cessation Of hostilities. Selling Of wheat
would doubtless have been ~ more i'm
pressive volume on these political advices
nut Tor the realization that there were
recent reports OF q similar character
which proved uufounded
More attention was given 20 the weather
map. which disclosed temperatures "
from two to eight degrees below zero
IN parts Of Kansas and Nebraska The
winter wheat plant is qu!'e safe. howevo-.
light but general snow having fallen
over much OF the belt this week. AFFORD nr
protection According to the Modern M
Ter. the new crop is now In an excellent
state after having been threatened by
drought.
The weeks exports Of wheat and -four
as given by Brddstrect were rather un-
der expectations. \ total OF 5000 OOu
bushels was shown. comparing with -
$4,000 bushels the preceding week aal
5.5ol 900 bushels for tho CORES pondins
period In 1913. The exports since 'ne
beginning Of the season aggregate IT,
100000 bushels against 1876, 600 600 buSn-
els year ago. Ciearances yesterday
were $4,000 bushels
Corn-The colder weather through The
country has made for a more active feed
ing demand The support from cash
houses yesterday was liberal Country
offerings were not pressed. ana there
Wee export bids close - wprkFhla
basis About 100 coo bushels were taken
BY foreigners. The lack OF timd shor,
Interest was reflected In the recession
from the early gains Receipts for tho
dav totalled l.34i.o0o bushels. against
go 600 bushels year ago. No decided
falling away OF the movement is counted
on as yet
Olts-The continuance % an export de-
mand helped the ls'. Sales for export
were ahou, 300. 600 bushels The stead
ness OF other grain induced scattered
short covering. but fresh speculative ab-
sorption did not enlarge.
Provisions-The decline Of 10 10 ~
cents In the hog market failed to cause
liquidation OF moment Selling by pack
ers at the outset soon ahated. and
better tone gradually developed In the
list.
('hiCa prirNg.