The sun. [volume] (New York [N.Y.]) 1833-1916, 1914-10-17
THE GRAIN MARKETS.
Foreigners Buy Grain-wheat and
Oats Lead.

Despite the continued offerings from
some of the big interests in the wheat
trade. which selling represented hedge
pressure. liquidation and oppressive
/ tactics, the list exhibited nrmness
There was sufficient export business sup
! pementlng the hugo dealings of Thurs
/ day to lift values moderately. Conserva-
/ tive people figured yesterdays takings for
| European account at approximately
! 1000. 900 bushels. and intlmated that
there would have been additional sales
but for the markets bulge.
Scattered selling greeted the post
! ing Of the BrddStrcet statement, showing
the weeks exports to have been only
, 5,274,000 bushels. against S.12I,OOO in
the preceding week and j.S34,0 in 1913
Unless clearances increase during the
next few days another relatively bearish
showing will be had on the coming Fri
day. and in the meantime these reduced
exports are partly offsetting the lighter
d farm movemep,
The trade IA firmly imbued with the
idea. however. that IL Is only n question
Of time before the shipments abroad
again expand II was asserted yesterday
that considerable of the absorption or the
December at Chicago was for Interests
abroad and that when delivery Is made
an unusual amount of wheat Will be
shipped out OF the country
The Liverpool market again rose more
than cents. Private advices say that
speculative dealings In that market are
comparatively limited and frequently
lapse into lnsignincance, but the cash
wheat trade IL heavy, with prices con-
stnntly advancing. II was Cabled that
expectation Of wheat from Argentina Ia
prohibited and that there are to be no
shipments from Rumania. Pessim'stic
Australian advices were again received.
which for the moment are counterbalanclng
favorable Argentine crop news. IL Is real
lied that last season the ruin OF the Ar
Eentlnc wheat was sudden and commenced
IN December.
Just before the market closed the
Kansas state report was published. show
ing the wheat yield 20 have been 49,. 900 -
600 bushels, against the Government $
latest estimate OF 1862 900, 900 aud an out
turn OF $4,000 900 last season. This would
not imply that the Anal Government re-
port In December will show 23.0OO,00O
bushels more Writer wheat than the 675
O0o. 600 last reported. but Il should nullfy
the effect OF recent limitations that the
crop AZ a whole has been overstated
| with rains I'm the East during the past
I forty eight hours. virtually the entire new
winter wheat area has now been salts
factorily moistened.
Corn--A better cash demand helped
prices Heavy rains In the East also had
effect. Bears ran 20 cover when liquidat-
ing sales slackened The bulge In wheat
was not ignored. Argentine corn Ia
s'eadier and less was heard OF pressure
of new crop domestic corn. The rain has
been the cause ~ quite number OF scat
tered complaints
Speculative demand improved
along with that FOR other grain. The OK
port sales were close to 900. 900 bushels
Cash houses were on both sides OF the
D f1ol vl. kttt
proved tone. Canadian oats again showed
pronounced strength.
Provisions The support from packers
was gradually withdrawn. Some inter
eSts doubted the accuracy OF the reports
OF better cash demand for meats. Specu-
lativc interests did not euthuse over III,
decreasing stocks AZ Chicago.
+ Chicago prices.