The sun. [volume] (New York [N.Y.]) 1833-1916, 1915-12-29
THE 4 MARKETS.,
wheat ana Corr Prices Break
sharply-Heavy Lisulsstio,.

The recent vigorous selling Of wheat
FOR the bull leaders seemingly left the
market In a more vulnerable technical
position. In consequence prices quickly
feceded Yesterday when fresh i~iquidatlng
sales o place. 1t WA evident that
the proper kind Of support WAS not being
accorded to the list and that several
OF the strong cliQues preferred to await
q Iurtner setback before resuminS their
operations for IN advance. Armour In
terests and the Bartlett, Frazier follow.
ing nave been among those prominent
IN ohe unloading of the past few days.
The market did not respond to re-.
ports OF a bullish nature. which sug-
gested to many that an overbought con.
dition had been created by the bullish
sentiment that has prevailed Of late. At
Liverpool prices were about IN cents
higher yesterday morning, which rep
resented q relatively strong market over
the holiday at that centre on Monday.
a sharp drop In the receipts Of wheat at
tho Northwest was also pointed out to
the trade. Neither OF these features
timulate support In the various mar
ksts.
TIE volume Of export business OF the dc.
cline we moderate At 800 GOV bushels. A. .
psssin cm.et foreisnsrs were fair sellers Of
s SHf ! ' iro% As % 81: at. :,%e A .ns ,ns s s,S.
quite esarish II wac cabicd by. Broomhaii's
ssea, that bis Yields in Australia are being
stated ina, the surplus Tor espor, IN xrsen.
tina WOULD reach 100000 bushels, sssins
sStusI Shipment. for e, q, he &c" o ,Ss :Dd sne
Of 100000 bushels. harvesting in these
countries 10 progressing rapidly, but TONNAGE
ior the quick movement OF the crops is still
The market did not rally appreciably at
ny TINE during the day; althoush lust be.
pressure and the desire of professional short.
10 cover produced a fair rebound December
Th.re !: much f in,erss ms wfss ana IN nr Il.
p.s divided than =, any other time q y.
year end holidays 10 holding down the deal.
scg e world visible supply sained
: "a. sso: n. United ss.,e.; 10000
100000. against 5000 600. and in or aHos,
Tor Europe 7s.1o looo. compared with Is. On 80
S Su:hei: an. Stfar ,hs ;ni ys;;tsrd,y ser. e a. 20
bushels, against ESQ 1000 isu week and i.iU..
Corn-Kner small initial decline. IN. mar.
kt broke sharply on further liquidation for
s0ne OF tine resent buyers and al.o for large
corr q CHICAGO b aacr sSs nt .ss Sss o. h Sc.
ccuTy c~opneci ions. were on the ..llins side
IN the West. which Was calculated 10 stimu.
late buying Of cash corn, However. the
msrkH was technically weak a. a result OF
tho wholesale elimination OF shorS. durirW the
isst lev hays The. movesnent yesterday
week ann 1,,p.0o a year MO. Thee were
Definite re- 1orts Of further cxpor busines. Al
quantity. WV
0sis-A moderate break occurred In Re-.
sronse TO the weaknese'in other markets.
ard more hedge pressure Export houses were
fair buyers az the decline. although the bust.
nesc reported amount ed 10 only M. To bushels.
Sentiment Ia not very friendly TO the market
IN many quarters. but the holding =, farms
anil the action OF other markets have fire.
auenfly caused bears TO alter their position in
the last few weeks.
Prov1stons-Th market was not very ac.
tive Packers sold on the early advances.
which were ossed on the higher hog list. The
weakness in grain was against outside sup.
pom. Chicago rrlcea: