The sun. [volume] (New York [N.Y.]) 1833-1916, 1914-10-31
THE GRAIN MARKETS.
Prices Through the List Rise on
War Adyices.

Tho news that Turkey had Joined ths
warning nations injected another bullish
feature into tho wheat situation. Values
ieaped excitedly for time yesterday.
with the greater part Of the rise intact
at tho finals Demand in general was
stimulated and sentiment affected accord
ingly Export houses had q large guam
tity OF bids from abroad, but were handi--
capped in supplying the inquiry.
AZ II was, sales TO foreignsrs were
placed at 100000 BUSHELS Unonirmed
figures were close to 100000 bushels
1t was freely stated that the difficulty
In obtaining freight room. Insurance. and
cash wheat initiated against furthsd
hoavy sales TO Europa Premiums on
cash wheat scored a relative gain Of about
one cent yesterday.
The commission house slemsnt was Of
q decidedly moro bullish temperament
II was suessed that the war would
be indefinitely prolonged by the latest
developments and that other countries
would soon become involved The hope
that Russia and tho Danube would soon
resume grain shipments disappeared,
traders informing that tho sheer senti-
mental influence of this would expand
the buying zone for American grains.
Since the beginning OF the war tho
wheat exports from Russia have bean
only $4,000 bushels, against 40. 900. 900
a year ago while the Danuban exports
OF wheat total orsy 100000 bushels.
against 6l,000,000 last season. This
weeks whoat and -four exports from
North America amounted 20 1900. 900
bushels, against s,l36.000 last week and
410s,000 IN 1913; since July l Brad
streets gives the total at 1919. 900 900. as
compared with ss.ooo,ooo the previous
season.
The hedge selling that had 20 be alb
sorbed yesterday was Rot burdensome. A
reflection NJ THE was the maintenance of
the markets large overnight gains. There
e IA vast amount OF wheat on the farm,
saws the Modern Miller. but the owners
arc obsessed with extremely bullish ideas.
The theory Is That market advances will
induce larger farm offerings, while de-
cines will exert the reverse effect Pri-
mary receipts were 2.0s9.0O0 bushels
800. 900 more than week ago and L.
200 900 in excess Of last year.
Early Liverpool advices showed that
market to possess a strong undertone.
The war news and resultant cash wheat
demand outweighed by far the reiterated
! favorable crop accounts from Russia, Ar
, gentina and parts OF France. The new
American winter wheat crop IL on a record
acreage and thus far has had splendid
weather.
/ Corn.-Strength was ascribed TO tho
war dispatches. Export orders were in
the market. II was declared that Thurs
days sales 20 foreigners totalled $4,000
bushels. Ideal weather conditions resulted
In profit taking especially as country Of
ferings were fair but the market did not
| lose its firm tone. Shorts were nervous
Argentine offerings here were said to be
nil.
Oats-The full advance was not held
although there was a great deal OF buying
an, no ~ TttrFaV and In ayynnQ IN
with other grain. Export sales were fair.
Receipts were liberal and there seemed
to be quito little hedge pressure on
the rise.
Provisions. traders bought
] Tho advance IN grain had bearing on tho
list and on sentiment. Outside trad did
not spread The hog market was steady.