The sun. [volume] (New York [N.Y.]) 1833-1916, 1914-10-15
THE GRAIN MARKETS.
Foreign News Again Builish--Ges.
craI Advances scored.

Fresh complications In the political AZ
fairs Of Europe inspired speculative de-
mand for wheat yesterday. There were
other influences, among which were the
graphic statements pcturing small ag-
gregate crops for the season Just ended
and unfavorah'e weather adding 10 the
difficulties attending sowing In the war
involved countries. Evidently shortages
abroad are now more important than pre-
ous.y conceded
Official advices were cablcd. giving the
outturn OF wheat in France at $4,000. 900
bushels under last year. and the Italian
yield at 10000. 900 bushels less. Russia
mas about 200 700 900 bushels under Aus
Hungary 40 100000 bushels less and
Canada IA deficiency OF $1,000, 900 bushels.
In these countries the wheat yields alone
are 37O,OOO,OO0 bushels below the har-
yes; Of the preceding season. Moreover.
the Australian oxportable surplus might
not reach $4,000. 900 bushels against Co.
600, 900 bushels In 1913.
The excess IN the United States OF 1885,
900 900 bushels as compared with the last
years finals does not seem bulky under the
circumstances How much the Argentine
and India Will contribute to the needs of
others remains TO be seen. Acreage In the
former country was curtailed by 700 900
acres but In india there will be an immense
area. Likewise, the American winter
wheat area for the next season Is likely
36,5oOOo0 for the past season. Seeding
is progressing favorably in this country
and in India, while the Argentine wheat
Is entering It's critical period.
Export interest purchased futures TO the
extent OF several hundred thousand bushels
the extent Of several thousand bushels
yesterday. Foreign buyers wero inds-
posed to contract for much -four on ac-
count OF the prices asked The commits
sion house demand was larger, however.
bolstered to no mean degree by the materia =
iZation OF reduced farm movement in
this country and Canada. The Winnipeg
ma rket was exceptionally strong yester-
! day Some prominent Canadian interests
visiting here seem confident OF ultimately
higher levels. Tho fact that the list has
risen more than six cents recently invited
more or less profit taking on the bulge
and 1t was also agreed that the markets
} technical position was not OF the best, due
/ to the meagre short interest
| CoRN.--A very Arm tone was shown
most OF the day. Wet weather in the
/ central West bullish huskinR returns from
/ Illinois and Indiana and the bulge in wheat
caused short covering. Claims that Ar
gentine holders were banding In effort Ia
maintain values had sentimental influence.
/ After shorts had covered the market re-
acted. Better weather IL looked for. The
crop Is virtually safe from frost. Cash
demand IL somewhat better, which should
onset freer offerings from nrst hand.
There are fewer bulls in corn than In other
grain.
OATs--A rise OF NC Mt Winnipeg had
great effect here. War news also caused
buying. Export sales were estimated al
900 600 bushels. Selling by cash concerns
and for speculative longs checked the
rise
PRovTsIoNs.--Hog receipts were small
and packers bought provisions freely
The speculative element also bought for
long" and short" account. The under
tone was strong throughout the session.
Chicago prices were: