The sun. [volume] (New York [N.Y.]) 1833-1916, 1914-10-06
THE GRAIN MARKETS.
Fractional wheat Gsins-Corn a.a
Oats Reactionary.

The volume OF wheat transactions yes
terday was curtailed No change in the
markets firm undertone occurred. how
ever. II was said that moderate reac-
ton would enable the contamination Of
considerable export business. At the
close OF the session no large actual sales
were disclosed. yet tho fact that there
were important Inquiries for both flour
and wheat received much recognition.
Early rises In the list were ascrbed to
the news from Europe. War advices are
such that few in the trade emphasize with
operations their bearish opinions. An adj
vance of about two to three cents at Lv-
erpool conformed with our upturn OF Sat
urday and was further attributed to the
loss OF approximately 30,0 900 bushels In
the Australian crop on account OF drought.
In conjunction with these reports were
reiterated statements from France de-
noting material shortage in that country,
and the trade was reminded that apart
from the various influences OF the war,
bulls on wheat had tho very unsatlsf1c-
tory yields In the many foreign countries
as "A solid basis 20 work on.
The Increase In the visible supply total
figured 6 209. 600 bushels, bringing the sum
to $4,000. 900. This IL almost identical
with tho visible of u year ago. In Can
lda the Increase was 2,272.000. and the
aggregate 3.00O,0 900. against II 10000 IN
1913. Tho posting Of these statistics WAS
the signal for little liquidation In The
market. which along with intermittent
hedge pressure was fairly well absorbed
While some authorities still predict or
hope that the visible has reached It's apex
unbiased people look for another gain
next week Of perhaps 100000 bushels
They say that the total should at least
equal last years record made early In
1914 OF So 900. 900 bushels. II ls under
stood that farmers are not selling 20 per
sletently. but the movement keeps liberal
and yesterday was almost double that
OF this day last year. Official figures
show that since mo season began about
so 600. 900 bushels more wheat has left
the farms than last year. This represents
about one-third OF the surplus production
and reflects on the heavy exports, also
on tho free domestic mill takings.
Corn.-Orerings OF new crop corn broke
the market about one cent The early
rise was not held In spite Of unnecessary
rains west OF the river. whioh promise
TO gradually work eastward. Speculative
demand was lax and the betterment In
tho cash trade was too Insignificant TO
prevent weakness. Rallies IN wheat, how
ever had some influence, notwithstand-
ing anticipation Of a rather bearish Gov
eminent report tomorrow.
Oats--The demand from export houses
was soon filled and prices gagged after
ruling firm at the outset Sales 10 italy
OF 500 600 bushels were claimed. yot there
we're limitations that the business was
done and reported on Saturday. Specu-
lative sentiment 10 bullish. hut there Is
less aggress.venes~ Receipts are stlll
volumlnous and there Il frequent hedging.
The visible rose about 100000 bushels
for tho week
Provisions. ---stoclvvard operators sold
for time. Tho hos market was 10 cents
! lower, although receipts were light There
was a little better demand on the break,
| In part due 10 the speculative absorption.
Chicago prices: