The sun. [volume] (New York [N.Y.]) 1833-1916, 1914-12-02
GRAIN MARKETS.
wheat Rallies on Export saIcs--De-
Iiveries Absorbed.

The cash position was the dominating
influence yesterday In the wheat market.
Premiums exhibited a further hardening
tendency. Export sales since late Mon
day exceeded 100000 bushels.
Quotations registered at the outset rep
resented the low basis for the day. The
customary hedge pressure had to be as
simulated, and there was disappointment
because of the deliveries of 100000
bushels at Chicago. These tenders
were readily stopped. but the trade had
not calculated on total quite so large.
As a matter of fact the additional de-
liverics prior to this mornings opening
might easily reach 100000 bushels.
Argentine news again contributed to
the development OF strength. Rains In
the northern part of that country are re-
tarding harvesting. Obviously. II the
quality IL impaired American wheat will
be more eagerly sought. even though the
quantity in Argentina is not reduced in
drastic fashion.
Some European buyers here at present
reiterate that financial conditions will
make considerable Argentine liquidation
imperative soon. There IL talk Of ship
ments of close to 5000 600 bushels weekly
after mid-January. The tonnage situa-
ton will have to he considered. however.
all reports suggesting that freights are
scarce and high there, as on this side.
Some vessels which recently left our
shores and others which are scheduled
to depart IN the near future will not
return, but intend to make their way
to South America.
From various winter wheat sections
were renewed claims or an impending
drop i'm the movement on account of tho
drought Practically no rain fell In the
West although moderate precipitation
had been looked for The Oklahoma con-
ditiun was officially placed AT SIS per cent.
against 1903 a year ago saving feature Is
the area increase Of AZ per cent. Clement
Curtis & Co. figure the entire winter
wheat area at 90 over that Of last year.
with "a per cent. NJ this increment in
Texas and Oklahoma. The new crop Is
tender and not "A trace of snow covers
the belt. but no cold wave seems immi-
nent
Brndstreeps last statement on exports,
showing the wheat and -four shipments
since July to be 1j4 900 600 bushels.
against 5000 900 the preceding season
is somewhat misleading. These figures
include Canadian exports. which have
been light recently and were heavy a year
ago The exports of American wheat and
-four so far total approximately 1872
900 600 bushels or nearly s0.0oO.OOO more
than for the corresponding period last
year To December there were exported
within 5000. 600 bushels Of the aggregate
exports OF l9l3-1i
The worlds wheat visible is made up Of
/ So. 600. 900 bushels in the United states.
against 100000 a year ago 100000
I'm Canada, against $4,000, 600, and a.
400. O0O in and afoat for Europe against
I SO. 600. 600 bushels respectively
/ Corn-Shorts IN the December position
showed more anxiety than for some time.
stop loss orders were reached. The out
look for more suitable weather conditions
did not have much effect after the initial
dealings Country offerings were stated
to be reduced and there We're light sales
TO exporters ~ Ruenos Ayres and Liv-
erpool values were on higher basis.
There were some predictions OF a de-
creased movement. although farmers are
badly frightened over the foot and mouth
disease The deliveries at Chicago yester-
dav were $4,000 bushels.
Oats-Pr'ces were influenced principally
hy the action OF the other markets. De
ilveries Of $500. 600 bushels At the opening
caused some pressure, which was gradu-
ally taken w. Late Yesterday there were
$50 600 bushels rendered shorts covered
late ou claims Of export tak.nrs ~ 100000
bushels Country movement = OF moder-
ate proportions.
Provisions The uudcrtone Was weak
Heayv Noc receipts and expectations OF
further liberal marketing on account o'
tho discts, FIR. Eht induced considerable
Limitations stock yard interests were
the r.i.Iull sellers
chicago prices