The sun. [volume] (New York [N.Y.]) 1833-1916, 1914-11-03
THE GRAIN MARKETS.
Foreign Buying Of All Grsin-Prices
Rise.

The country sold substantial lots Of
| cash wheat over Sunday These offerings
| lowered prices about one cent during yes
tcrday'e early session. A sharp rally en-
sued on tho presence OF huge foreign de-
mand.
Actual export sales OF wheat yesterday
were conservstively figured at 40 loads
~ was declared that the obstacles In the
nature OF securing tonnage higher costs
OF wheat and dearer insurance risks pre-
vented the consummation OF sales for
more than 1000. 900 bushels for export.
Although present levels are approxi-
'nately ten cents under me best OF the sea
son. foreigners are virtually paying more
tor wheat than az any previous stage.
Inns rejects the steep freight rates, In
surances and cash wheat premiums.
Some authorities were talking OF nm
easement In the freight situation. hoping
tor greater number OF vessels 10 be
available In the near future Tho number
OF boats ootainablo II not tho most dts
tnrblng question, however. An instance
has been cited where steamers for the
Mediterranean had actually been schad.
uled for sailing but hpd been withdrawn
owing TO the war and is uncertain ele-
ments.
Further comment was made on the big
rcc' ipts and the visible Increase OF aria
700 bushels. Neither OF these factors pre.
scented anything fresh and both promise
10 continue for several weeks M least
Yesterdays primary movement aggre-
gated 1866, 900 bushels. against 1926. 900
year ago. The wheat IN the visible TO.
aus o6,oON.OO0 az compared with SIS, 600
O"O IN 1913. Clearances were il72.O 600
bushels for the frst day Of the week
Larger flour sales Mt tho Northwest for
domestic ana foreign account contributed
10 tne markets. frn undertone. Appr,-
herslon or frost IN Argentina at this
crucial period also holpcd speculative ob.
sorpHon. Tho L<rpool market was 2I5c
higher.
Just befrro the eession ended sent
tered liquidation developed The dispos,-
ton In many quarters was to accent
profits. to-day being q general holiday
An OFFICIAL Oklahoma report giving IN.
winter wheat AREA nj 10 per cent. incrcas.
reminded the trade that farmers had mora
THAN prevailing high levels for an incsr.
tive TO ser.
CoRN--Larrer export saios caused a
distinctly nrmer torrn Some authorize.
placed this business At oioso 20 100000
bushels. Domestic cash trade was stlmu.
lated In consequence After the urgent
short covering had been completed tho
list receded Favorable weather and more
attractive prices brought about ireer
country sales. An increare OF "a 900
bushels IN the visible was obviously small,
yet quite unexpected.
OATS This market responded 70 me
upturn In other circles There was fair
export demand Profit fading and hedge
selling were noted on tho bulge The
visible gained los 900 md now total.
- 1900 600 or slightly IN excess NJ last
ycar's showing.
Provisions. 49, discovery OF disease
among Cattle Al Chicago and rosulian,
embargo on shipments caused consider
aho buying. Tho partial lifting OF this
prohibition Of shipments was reported
llto In ;he day. Lard stocks at Chicago
decreased about loo, 900 tsrccs for tine
month, remaining stocfs being only
10 600 tie-ces
I.Air.- o.. r,,.ir.n.