The sun. [volume] (New York [N.Y.]) 1833-1916, 1914-10-24
THE GRAIN MARKETS.
Enthus iestio wheat Demsnd--AIi
Prices Rise.

Some estimates OF tho export sales OF
| wheat yesterday were as high as 5000, 200
| bushels Conservatives said 100000 1,
was apparent that the absorption was on
a liberal scale. as the market ruled UNI
| denlably strong. There was hesitation at
the outset and fractional declines In rs-
Election Of the hedge ceiling and iiquida-
ton, but these and other offerings OF n
/ similar nature were taken with svidity.
A big Northwestern house wired that
foreign purchases this week aggregate 10. =
| 100000 bushels. Some Of tho less en-
| thusiastic authorities IN the trade regarded
! the figures rather sCeptically and charged
| that certain OF the exporters wcre long"
! OF the market. The inference was that
| figures as TO tho business from day TO day
| we're undergoing exaggeration, vet Il
would seem AZ though the alleged bullish
| position OF the speculativeiy inclined
wheat handlers was significant In Itself.
There were only 5.43S, 900 bushels ex-
ported during the week, according 20
| BrddStrcet'S. Last week the total was
6,274.O00 bushels and a year ago II was
$4,000 bushels. Since July tho total
shipments amount 20 1ij,O00.O0O. or 21,-
100000 more than In the preceding year,
against an Increase ~ $4,000, 900 bushels
shown few weeks ago Still the trade
Is confident that during November the
shipments of wheat will DO huge. This
belief explains the calfnness with which
the showlugs Of the last two weeks have
been received and incidentally provokes
opinions that the December Chicago de-
livery will creep closer 20 the May.
The ordinary news factors Of the daF
were subordiuated. OF course. TO that
bearing on the European demand Mover
theless. the trade was impressed with
Crop EXprt Shows findings. which led
him 20 state that the Canadian wheat
crop was under the most sensational ,sti-
mates thus far published. According to
this View Canada might he more than
10000 600 bushels short. And IL was In
tercsting 10 learn that the improved
weather in Australia recently will not pro-
vide mat country with an exportable
surplus. whereas during tho past year
$4,000 900 bushels were shirped from that
countI'ys ports.
ina cables telling Of the redo,rtled
efforts OF the Pope 10 restore peace and
other advices started rumors OF q halt in
tho struggle abroad. Such news did not
disturb tho majority interested in wheat
as their mood was strongly builish and
tho argument was continually advanced
that the restoration OF TRANQUIL conditions
abroad was not likely 20 como IN time to
help next seasons crop nor replenish the
bins left untitled because of last years
failures.
''iSsN Ilt SlIbllB upNiTu tendency or
prices was again witnessed Big cash
houses Were buyers. The weather keeps
unsettled and bulislI huskns returns
We're once more at hand. Shorts were
anxious buyers. The bulge I'm wheat was
a factor az was tho rise OF cents in two
DAYS IN Argentina. After the market
closed Il rumor was current that London
corn rose cents n bushcl late vester-
day.
oATS-Aithough export demand was
loss urgent. prices improved. due 20 the
action OF other grain. BulliSh Canadian
crop advices helped the rise The adj
vance was checked by fedRc selling and
occasional liquidation
PRpNlSIoNS-Exp inquiry has been
liberal. Domestic trade has been stmu-
lated az a result OF this demand Pack
ers bought yesterday ia spite 81 fair hog
receipts. Speculative buying Of all prod
ugjs was discerne1
Chicago a,Y.ises.