The sun. [volume] (New York [N.Y.]) 1833-1916, 1914-11-26
GRAIN MARKETS.
wheat Rises on Foreign Dcma
Heavy Standardization Weak.

Some of the exporters declared that the
transactions In wheat yesterday were
close to the record total of any single
day. The Inference would be that more
than 100000 bushels were sold abroad.
Conservative authorities modified such
estimates with the claim that portion
of the business was put through late
Tuesday.
The effect OF this foreign absorpt ion
and resultant speculative demand was to
bring about a substantial rebound in tho
list. II was significant that the Chicago
December option was relatively strong
The prediction was again made that be-
fore that position expires IL will sell much
closer to the May delivery Last year
on the last trading day, the December
sold even with May. due partly to a stub
born but imprudent short interest.
Another factor contributing TO the late
nrmness yesterday was the more serious
aspect of tho new winter wheat condi-
lions. IL would seem premature to be-
come alarmed over the next crop pros
pect vet increased apprehension is felt
II would indeed be unprecedented should
the United States produce three consecu-
tive record or enormous winter wheat
outturns The Price Current said tina,
because OF tho drought in the area west
OF the Mississippi and tho fly infestation
OF the east the plant Is tender and has
an sbnormally bad start. A partial offset
is the area increase of close to 10 per
cent
Holders showed more signs OF ner-
vousness during the early session than
for some time Some operators placed
stop orders and others became Disguised
and sold out. They averred that the
market was acting unsatisfactory
Peace rumors had poignant influence,
while news ordinarily bullish was rele-
gated or Ineffective. Authorities be-
love that the market is on the eve of
an important swing and are awaiting
a lead. so that with yesterdays early
downturn a cue was given, only to he
dropped with the subsequent advance.
An estimate from Broomhalrs agent
for an Argentine eNpor,able surplus Of
10000. 600 bushels was dcrided IN some
circles. Snow. the crop expert. asserted
that I'm View of the past climatic condi-
tlous. acreage sc. an eXportable sur
plus of from $4,000 900 to SO. 100000 was
likely against 10000 ,o0O for the season
now ending. still others in the trade
ar" less peSsmistic. a prominent North
western house being advised that the
Argentine will have $4,000 900 bushels
To- spare.
Corn. -IicdE selling was again CEN
tired on III" near month. There was
only occasional support. Shorts were
freely supplied, Tho export demand
lacked volume Foreign markets We're
lower. and claims Of decreased country
offerings at the decline were not suffi-
Gent to stem the downward tendency.
The weather is generally favorable for
the movement.
oats Tile list was sympathetically
affected ny the decline IN corn. FOREIGN
purchases Of 500 900 bushels wer-
claimed hut did no; inspire much out
side support. There was quite little
liquidation Receipts are showing
slight increase.
ProviSions.-A small decline resulted
in demand from packers. Hog re-
ceipts keep liberal and the cash and
speculative trades are slow.
Chicago prices: