The sun. [volume] (New York [N.Y.]) 1833-1916, 1915-02-10
THE GRAIN MARKET.
Narrow wheat Chsnges-stesdy
Tone-Big Corn Bulge.

Traders In the wheat market yes
terday were compelled to look 20 the
coarse grains for fluctuations and
activity The neglect OF wheat did not
serve to lower values appreciably, al
though the absence Of the customary
outside support did emphasize the
weight of the slight further expansion
in the country offerings.
The selling by prominent cash inter
ests was frequently observed when the
market exhibited a tendency to rally.
This pressure was partly absorbed by
the export demand, whiclf resulted IN
fresh takings for European interests
of approximately 100000 bushels. There
seems to he les apprehension concern
ing the shipping situation.
Nothing vital In the nature OF
market factor cropped up during the
session. But for the pronounced
strength OF corn the list would have
closed easier according to local au-
thorlties. That the outside trade has
shown great diminution Is obvious.
The contraction I'm dealings has been
drastic I'm both the Chicago May de-
livery and the July option. Incidentally
September wheat at Chicago was quoted
cents asked under the July, with
about 10 cents under the best bid. This
premium for the july should act as an
important incentive for farmers TO dis
pose OF as much new crop wheat az
possible during the early months OF the
summer
Foreign advices were mixed. but hardly
conducive to- change In the bullish
average Of sentiment. A weakening IN
Argentine wheat was easily counter
balanced by further rise In the trans
portation costs from that country. The
freight rate on grain from there to
Europe is close to SOC. bushel, against
tho rate from domestic points OF from
90 to 80 cents. A summary OF crop
conditions IN Europe Indicated more
favorable weather generally and an area
increase of 20 per cent. in the Unit vi
Kingdom. Austria Hungary and Italy
are exceptions In the matter OF salts
factory climate conditions, while in Ger
many and France the Governments ara
supplying convicts and other men TO
help in the already much delayed field
work.
An increase in the southeastern farm
movement Is likely, following the freer
country offerings Of recent date. There
was n private estimate placing the farm
reserves OF wheat In Kansas at lj.2 per
cent. of the crop, which would be equlva-
lent to approximately 100000 bushels.
from which there would have to be de-
Quoted about II, 900, 600 bushelsfor milling
requirements, &c. The interior receipts
yesterday were 700, 900 bushels against
$4,000 week ago and $4,000 a year
ago. Clearances were nearly 100000.
against $4,000 and 42500 respectively.
The worlds visible supply statement
shows 64,OOO.000 bushels east Of the
Rockies, against $1,000. 900 last year
$4,000, 900 in Canada against 100000
and 1872. 900. OOO in and atoat for Europe.
comparing with 100000 bushels a
year ago.
Corn-The big corn bulge was not
looked for and stampedod some OF the
shorts, who in their hurry to cover ac-
CELEBRATED the upward tendency. Foreign
houses were among the buyers. The
days export business was given at close
TO 400, 900 bushels. Country offerings
wero surprisingly light and it was as
serted that tho movement from the
farms had already reached its crest.
| There was considerable buying in the
market on the forenoon statistics show
ing 100000 bushels cleared for Europe
for the day, but correction was sub
sequently published indicating that the
exports were 900 bushels. This
4 Modification and the desire TO accept
profits accounted for the small recession
/ just before the session ended. The in
terror movement totalled only 9j1 900
bushels. against $4,000 for the corre-
spending day last season.
Oats-This market again displayed in
/ dep5Hd strength. duo primarily 20 :hs
demand from Europeans Sales to for
eigners were estimated at more than
COO, 900 bushels. II was rumored that
the English Government was inquiring
/ for 100000 bushels, part OF which de-
mand had been supplied. The specun-
/ tive absorption was Of fair volume and
the realizing sales had less influence
/ than thought likely. Country selling
I lacked volume despite the fact that
! values were at about tho best OF the
! season.
Provisions-Considera weakness
was seen during the day Support was
not in evidence until the market had
scored substantial losses. The persistent
selling for packers resulted IN the reach
| ing OF some stop loss orders for specu-
I lative account The movement of hogs
| was moderate. Chicago prices:
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