The sun. [volume] (New York [N.Y.]) 1833-1916, 1914-11-07
THE GRAIN MARKETS.
Erratic wheat Chanues-Corn
strong on Export Demand.

From the out e. Of Yesterdays wheat
market the dominant feature WAS irregu-
larlty. The bulk OF the news was IN favor
Of the higher price dvocates particularly
the export adv.c,s. Speculation was stag
nant at times, however and il was not
until tho market was on the verge OF
closing that spirited movt ment took
place. This was aided by the upturn in
coarse grain and left the list at fric-
;ional net gains, also At the best levels
OF the session.
Authorities in the trade admitted dim
Guilty In tracing export sales. interests
not d sposed to eXaGgerate claimed that
foreign takingS were approximately 1,500,-
600 bushels. Freight ties have advanced
the equivalent OF seven cents a bushel
during the past TWO week., which added
cost is principally levied against the Eu-
ropean buyer,
Despite higher CHIT charges grain
shippers are not furnished with sufficient
room on vessels TO amelorate the situa-
ton Export business IL prevented in
cases by this factor which is q reflect on
OF the ncrea sed haz rds Of crossing tho
seas. Flour dealers de Jared that on ac-
count of the shipping conditions they were
forced to virtually ignore some attractive
foreign bids that came to hand yesterday.
For the third day tNs week frost oc-
CURED In Argentina. Damage OF COM
handing -ttention was inflicted on oats,
hlt NItA apparently 49, hbtu ililp'l 'aAllA
injury Nevertheless English authorities
were disturbed. and at Liverpool values
were easily ma ntaucd Notwithstanding
declines on this side. II s realized thai
the Argentine crop Ia now In its crucial
stage
Statistics caused no SUNRISE The Farm
movement was again double the volume
~ last years showing. BrddStreefs ex-
por's on wheat and tiour totaled $4,000"
FOR the sweet aga.ust 7.004, 900 last
week and 7.S37.OOo a year ago. Since
the season began these shipments amour,
20 I3O,O 900 Ooo bushels, as compared with
LOG 900 OOo in 1913.
The trade will be sorcly disappointed
IN the exports do not Increase moro de-
cisvsIv I'm the near future II is quite
possible however that daily shipments
are not being fully published on ac-
count 90 the recent Washington decree
which in effect prohibits custom house
officials making public the details OF
the cargoes Of outgoing boats destined
for European ports
Profit taking sales had much To do
with tho Intermittent reactions In yester-
days market The usual hedge pressure
was observed. and II seemed ~ though
mora heed was given to tho claims that
the market was overbought
Corn-The export buying Of old and
new corn advanced the market apprecia-
blY. Farm offerings were fr''lN ABSORBED,
There w7s further short covering and
some fresh speculative demand. Bears
were less aggr ssive in suite Of The salts
factory weather conditions and liberal
Argentine shipments Abou, 500, 600 bushels
are en- route from that country for the
United States. Sentiment scems 10 b.
confused.
Oats-Frost reports from Argentina
helped the market. The rise on corn also
..Iy.Fa lfarN,N
ard this offset a somewhat reduced eX-
mort demand Commission houses were
uu both sides of the market
Provisions Sharp ndva noes again
were another answer 10 the closing OF
stockvards in various states on account
81 actual cases or felr Of animal disease.
Consuming interests were among m"
heavy BUYERS and speculative pressure
was practically nil Offerings on tho
whole were light, the market closing at
the best quotations OF the day,
Chicago prices: