The sun. [volume] (New York [N.Y.]) 1833-1916, 1915-01-21
GRAIN MARKETS.
wheat Rises ImpressivcIy--Exp
buying Of All Grain.

The big advances In wheat yesterday
were In direct response to an abrupt re-
currenCe of the export buying. There were
1900. 900 bushels taken. partially for the
account OF the foreign Governments. Ac-
cordng 10 some well informed authorities
England and France have depleted stocks
or are rapidly nearing that condition.
Early recessions in the market were due
to further liquidation and were utilized
by Interests after our comparatively
meagre supplies Of unsold wheat The
speculative inquiry was again restrained
for time by the knowledge that govern
ment officials were seeking for combina-
tons and manipulations.
IL developed, however. that persons In
close touch with the Department OF jus
ticc were assuring friends that Federal
officials shared the prevalent feeling OF
the trade; that Is, that speculation was
not at the bottom OF the markets excite
ment and strength.
Word was also received that powerful
farmers association of the West was rea-
soning with their Congressman against
placing an embargo on wheat exports
from the country. The argument of the
growers Is that In times OF plenty and
unremuneratiVc values they have to SUI.
fer emitting them to whatever natural
benefit accrues from extraordinary con.
ditions.
The light farm offerings interfered with
the export trade yesterday II il said
that farmers are among the most confident
and stubborn bulls at this stage. The
period Is much too early for holders OF &C.
tual wheat to he induced to sell on the
favorable state of the new crop, which
has received additional snow protection
Gables telling Of storms In the Argen-
tine helped the market IN its spectacu-
lar five cent advance An improved tech
meal position also contributed there hav.
ing been many outsiders eliminated dur.
ing the past several days
Statistics for the midWeek show clear.
ances or wheat and -four Of 230O. 600
bushels. against 3.3lj,0O0 for the first
three days OF last week and 100000
, bushels for the corresponding time last
year These exports have recently been
disappointing Interior receipts show
100000 against 3.t7i00o and 2.535 900
bushels shipments. 2.674.Oo0 bushels
100000 and l,352.00O respectively.
Corn-Forcign absorption was esti-
mated at close TO 100000 bushels The
list was weak early with wheat and on
the big receipts but readily advanced sub.
sequently. Although the farm movement
so far this week totals 400, 900 bushels
against 6l29.000 bushels a month ago
and 100000 for the corresponding term
last year. the present selling by growers
i not heavy. Sentiment is really very
much mixed and there is a large outside
/ trade. Claims that country factors are
/ heavily long were circulated but had lit
I tie weight, II being contended by local ex-
ponents Of higher levels that profits
should be realized with the export posi-
| bilities. increased home consumption and
/ farmers independence.
Oats-The list acted much better. helped
by the foreign buying OF more than
| l.O0s,O0O bushels. Fluctuations are stlll
governed largely by the tendency of other
| markets. Opinions on the market are
rather divided. those bullish perhaps pre-
| dominating.
ProNsions-Values were down early
| on the big hog receipts and with grain.
A rally followed on the expanded export
demand. Shorts bought on the late ad.
vance in other markets.
Chicago Drices.