The sun. [volume] (New York [N.Y.]) 1833-1916, 1915-12-22
THE GRAIN NA1KTM.
wheat Advances . - D Cen<s-Gn.
Hs1N 0syfa9 Centinues.

The export business IN wheat during
yesterdays session showed no appreci-
able diminution and the sentiment IN
speculative quarters became more bull
ish In consequence. 1t was said In cor.
servative quarters that prices were being
lifted 80 rapidly that foreign buyers
would soon weary Of the pace, especially
a. the cost of chipping wheat seemed en-.
brilliant and financial conditions in the
various foreign countries werS pre-
carious. On the other hand. the sig.
nifcance Of wheat being among the
cheapest n the most adaptable Of food
stuffs Ia not being lost sight Of nor 10
It FORGOTTEN that prices have been regu-
lated by the business from day to day.
rather than by tho measuring of the
available supplies in all positions.
The quantity Of wheat soid abroad
Yesterday was estimated At close to
100000 bushels. Since Saturday the
foreign takings Of American and Cam
adam wheat q reached almost g.
100000 bushels, a considerab part Of
which WINS taken at the Gulf. There was
nothing new in the advices from abroad
to explain the eager absorption of wheat
oherings, 20 the trade concluded that
stocks at foreign points again required
repaenishing and that the absence Of re-
lief In the tonnage situation a. applying
to Australia and Argentina was respon-
sible for the urgent buying. Wheat Of
ferings In Australia and Argentina arc
said to BE- liberal.
While certain speculative eroups made
much o. the reported removal Of British
troops. from this D~ardaneiles, this action
majority, a. some weeks ago 1, wa. on.
s:iy so :snSS"s'd o. .h.s sn "s Sn%p'lsp r, ~: to
more. no one has been figuring on much
she.. Leaving Russia. and on II. basis Of
Theoretically abundant this season without
recourse TO the Russian surplus. However.
.nsr" was strcns undercurrent Of
small traders ~sr. on both eide. Of the
list. but the action of the values In soar
ne TO nsw high records for the season
ponderatsd and all reactions were short
was readjus,ed yesserday and showed q
gain Of ss.ooo.oo bushels for the week.
The total visible In the United States IL
100000 last ys.i' n c S%; : a. ss 81 900. 80,
Europe at $1,000 600. against $1,000. oot
corn-Ths pressure from rash houses,
representing country .iuuIda.ion: depressed
values ior a time There was also i%iauida-
creased receipts and favorable weather
The receipts fer the day were 100000
10000 s year. ago sV''V nim.r ,on. e DE-,
veloped in the late market as a result Of
the rise In tho wheat list and the reitera-
uon OF statements pertaining 20 the com
paratively small amount Of feeding corn
In the country. Foreign markets are
strong in reflection of the high tonnage
offers, but. IL II understood that corn con-
sumption at foreign points has undergone
"a moderate reduction.
Oats-The market made a fair recovery,
due to short covering. which was inspired
by the pronounced strength In the wheat
list. Assertions that Canadian oats will
be sold In this country on a moderate fur
ther rise deferred fresh outside buying.
The export Inquiry was said to be very
limited. Hedge selling was Intermittent
although the receipts have been only about
500, 900 bushels daily. or equal to those of
. year ago.
Provisions-Ther was considerable
hedge selling in the market yesterday. A
large hog movement was expected. The
speculative support was light, despite the
advances through the grain lists.
CHICAGO prices: