The sun. [volume] (New York [N.Y.]) 1833-1916, 1914-11-24
THE GRAIN MARKETS.
Export and Argentine Rust Advance
whent-Othrr Grain Easier

| The export demand for wheat was boil
stored suddenly yesterday. More than
100000 bushels were absorbed by for
cign interests. 1t was estimated by au-
thorlties that Portuguese and Italian
buyers were in the ma rllet and apparently
fear of a competitive inquiry stimulated
trade. Prices reflected this animated
quest for wheat from Europeans, the
market ascending y cents a bushel from
the bottom level of the session.
argentine reports contributed TO the
rally. Torrential rains In parts OF that
country and rust damage were reported.
The Liverpool wheat market declined on
tho early favorable news from ArEen-
/ tina, India and France. the latter having
larger acreage than previously given
credit for but there was "A recovery in
the price list abroad, based on the suisse
quent advises from Buenos Ayros.
The annual cutting down OF Argentine
wheat exportable surplus estimates is
now In vogue. A private guess of o.
100000 bushels was published yester-
q day and was considered conservative.
| Tho maximum forecast this season was
| 4 O.000.000 bushels, which was never
seriously taken. More or less inferior
seed WAS planted in Argentina this sea-
son. the area being reduced by 10000
| acres, WITH early moisture tpNtHIlo'S VII
propitious, For the year just ending Ar
( gentlna in shipping 4b,000.O00 bushels.
! the smallest surplus in many seasons.
Aside from tine depressing influence or
| the cables. our markets feel the weight of
substantial receipts during the early
trade Liquidation went far enough TO
! reach stop orders. Assertions that spring
wheat farmers were again more disposed
TO sell wheat was q blow to those who
hapn rutpulNt "A nrTNn1npfl'
diminution IN the farm movement Tho
weather is ideal FOR forwarding grain, but
rains are needed through the western
winter wheat area. The fly complaints
from the central and eastern districts are
more iusistent than heretofore.
Statistics yesterday included a visible
supply increase OF nearly 100000
bushels, the total being 100000, COM
pared with 60,o00.O00 a year ago, when
| the top was reached in md-January. IN
terlor receipts were 3.OlS,0Oo busnels'
against 1.s47, 900 last season. The
clearances Of wheat were moderate al
! 10 900 bushels.
Constellation hedge selling lowered
the market during the forenoon. The
weather remains exceptionally satisfactory
and scattered advicas Of farmers re-
luctance to sell because OF deprecated
values were ignored. Receipts were fa'r
and the visible supply gained 2iJ.OOO
bushels for the week This increase WAS
hardly up to expectations. Reports OF
export sales, in conjunction with the wheat
rise and an improved technical position
OF the market. were factors responsible
Tor the afternoon steadiness. Foreign
takings amounted TO 400 600 bushels.
OATs--rhere was quite a little lquida-
ton during the day. which offset the effect
OF the foreign purchases OF 100000
bushels The demand from outsiders was
| not persistent. An Increase Of 100000
statement.
PEoylstoNs-The market held for
time on the light hog receipts, but reacted
with some selling from packing Interests.
The cash and speculative trade remain
Disappointing.
Cbtrarn r,rispa