The sun. [volume] (New York [N.Y.]) 1833-1916, 1915-12-25

THE GRAIN MARKETS.
wheat Again Reaches New Highs
other Markets Also strong.

The outstanding feature OF yesterdays
wheat session was that final values were
within a mere fraction of the highest
r~cords OF the season. Net gains were
70, far from 3 cents a bushel, and II
was predicted In many quarters that
the bull market would be resumed after
the holidays. TIT willingness OF the
bull party at the West 10 absorb the
heavy profit taking sales for outsiders,
many Of whom abandoned their posi-
ton solely because of the season of the
year, was the subject of much comment
and Il was the persistent
n wheat contracts for these advocates
%, higher prices and a stampede of shorts
hat impaired the ana strength to the
l1t
Foreign buying also contributed to
the boom in the market, and while the
export business was only moderate al
SOC, 900 bushels 4 was said that export
houses We're buying In hedges, suggest
ing a broader distribution OF wheat in
Europe, despite the current hieh costs.
The Liverpool market was ga cents
higher for the day, although some au-
thorlt.es were OF the opinion that too
much importance should not have been
attached to this squirt, as the market
abroad was a holiday AFFAIR, A rumor
Circulated that the British Government
would soon repeat its action OF a month
ago, when about $4,000, 900 bushels
OF Canadian wheat were accustomed
and nam on this side accepted the ac-
lion as a confession Of dire need or
wheat, The relative calmnees in the
Winnipeg market yesterday seemingly
bel!ed this rumor.
Not all u tho buying Yesterday was spec
pSnyg, however, MILNE Interests , HsIT
hhl'ea are said to be sold up until mid
Ma'Gh IN numerous GASES Canadian mills
are believed 20 be In much the same POI
si.1n Under the circumstances II Is not
surprising that the farm movement Is de-
3 Ne'1 Of m%ateria! effect on values In spite
wh"e' back on farms TO form the basis
,oF a big bear market next spring ana
stmmef y no excessive damage visits the
III. early new crop advices continue
elLLsh however. following the official es-
nmA,e ot an acreage decrease o! l2h per
Ihe Modern Mlier mentioned yesterday the
slde Presence Of the green bug In Texas,
I,oosht IN Oklahoma and poor wheat stands
Y eastern sections Of the belt. In 1907
mere vas d bad green bug scare. but the
ea,nage was only 1900, 600 bushels
,o5 s nSo ,rert weekly Exports were T.,
Sso Tho tota. since July | Is $4,000. 0ol
ssainsi $4,000, 900 last year. when the
svHPNti ~ United states wheat were
.b'li .o l1o.00o bushels greater than those
70 da'A hts season.
corh-fhis market readily responded
IN. sharp rise In the wheat list and tr
saaliion showed strength Of its own. The
,uuylhg tor shorts was urgent at times or
~ appearances Of more hggresslvenes
nom fAe hull cl'ques. Further export
y'm1nl vas reported and II was said tina
Eliop" would buy considerable Of tn,
r9IIir''- good grade corn In the event OF
mol"'1'" easement in the freight situation
HnoN' 90 various parts of the East nnt
mtsI were igtinst the new crop move
men', '-p'oially as the car congestion I
", Grt'n a. many points. There seemed
10 Do p 10 country selling at the advance
nuSe''i, and the receipts for the day werl
tV'l' h1~hcls against 6ll, 900 last wee
s,u 700 600 a year ago. Final prices wer
pa'~ There were new records estab
hh"i 'r sympathy with the substantial
t1Faun't iu other markets. Commission
ho!s" living was active for long, shor
~ ,fl accounts, Hedge pressure wa
st1pp' 'r'i0g'y light, Receipts al lnterlo
polh's 'r the day were $4,000 bushel
stius' 30 600 IN the previous week an
ssI 900 '.st ycAr.
fro. .'uns-The upturns were the re
sll' NJ -" light hog movement and IN
yfa' s'I'rgth Of the grain list. Fears q
htrs' hog receipts after the holiday
ehs,k-i ihe speculative demand.
HI