The sun. [volume] (New York [N.Y.]) 1833-1916, 1914-11-10
THE GRAIN MARKETS.
wheat Lacks support-Countrys Sells
CorD-Oats Weak.

The Chicago wheat market unwillinsly
responded to the spasmodic advances at
Northwestern and Southwestern centres.
Telegraphc advices telling OF another
day of liberal cash business were read
with interest Not a great deal of really
formidable buying OF contracts took place
during the session.
Seasoned traders again argued that
the market acted tired. Some authorities
contended that values should not be 81
virtually the basis OF two weeks ago un-
less the claims of 22.000,000 bushels OF
wheat having been disposed OF to for
eigners in the Interim were an exag-
geration.
In most circles. however, there IL Gre
dence placed in the large figures OF eN-
port sales. It IL admitted. though, that
commission house wheat holdings are out
OF proportion To the outstanding purely
speculative short interest Without a
doubt the prodigious movement from the
country IL n barrier to the wheat bulls.
The business with Europe esterday was
said to approximate 10000 bushels In
terests at Duluth were claiming 1000. 600
bushels sold for export, but subsequent
details made II clear that the bulk OF
the trade at that centre was for domestic
milling account There were some inti-
nations of impending additions to the
availabi vessel room AZ New York which
further stimulate the European grain
buying wave
Statistics again had depressing in
fuence on sentiment. The farm move
ment, while a shade lighter. keeps about
so per cent larger than last years re-
ceipts and suggests more denominations
in tho visible supply. The increase IN
the visible for the past week was 2,O17,-
600 bushels and the total has reached
6S. 0OO, 900. against 56.00o,0o0 a year ago.
The enormous receipts are not aston
! ishinR but the comparatively moderate
| clearTnces are IN view Of the recent
heavy export transactions OF course.
there may be an expansion IN the clear
ances before November has expired, and
| then again II is not certain that accurate
returns on shipments are being published.
Yesterdays clearances were regarded as
fair at $50. 900 bushels.
! The cables. aside from the omnipresent
| war dispatches were without feature.
| Foreign wheat markets were not radi-
| cally changed. Latest estimates are that
the frost In Argentina caused per cent.
! damage. a trivial amount to be deducted
/ from very fair prospect at this stage.
Confederation offerings from the
! country. speculative liquidation. favor
able weather and bear pressure ade-
| quately accoun; for yesterdays substan-
| tial decline. Cash inquiry was not TO
! be ignored, but there was no scarcity Of
! supplies. New corn arrivals were 25O
/ cars at Chicago. The short interest, cs-
pec!ally tho timd. were eliminated last
| week.
! Government figures. issued after the
close OF the market, were regarded as a
shade bearish. The crop of 2.706, 600, 900
| was % 900, 900 less than counted on. but
the Farm reserves OF So,000,000 were
100000 more than expected and the
quality OF ssh was at least per cent.
higher than most opinions suggested The
crop a year ago was 2,44S, 900, 600 and the
farm stocks 1875 900 900 bushels.
ONTs.--Weakness was in sympathy
! with corn. Speculative demand was not
important. although for time there
was buying based on bull!sh Argentine
news. 4 reduced farm movement is being
seen. The visible increased $500 bush
els last week
PRovisIoSs.--The chief pressure ema-
mated from packers. As soon a. this
selling subsidized the market rallied. Spec
ulative offerings are held in check by
the hog and cattle sickness.
lTh{cagD priCpS