The sun. [volume] (New York [N.Y.]) 1833-1916, 1915-02-09
THE GRAIN MARKET.
Farmers and Spectators sen
wheat-Expc- RS Ru,

Prominent cash interests eNpressod
themselves as more satisfied with N.
developments OF yesterday Tho larrer
offerings from the farms was the cs,.s
feature. Premiums on cash wheat ynra
reduced a trifle and exporters wcrc on
abled to consummate moderate trad,
with foreigners. The export sales W.
placed at approximately $50, 900 bu.he.
and some large flour trades are mend.
ing
Actual shipments OF wheat yestcrda,
from seaboard points amounted to 1000
600 bushels and it Is estimated that =.
date the actual exports total 22O. 600 mo
bushels. Well informed authorities be-.
lieve that during the ensuing four week.
about 40,00O0O0 bushels more shoulg
leave the country. On this basis an .y
portable surplus Of only 10000 GOO
bushels remains, according to maNinul.
calculations. whereas the more popul1.
estimate Of the unsold wheat in tho
country Is $4,000 900 bushels or less 10
cover the demand for the next eighteen
weeks.
II was the absorption for cxpor,
houses that lifted values at the outset
and contributed largely to tho closing
steadiness of the list There was murl
bullish news available. but the scut,-
ment In various quarters has changed
No one really cares to 20 short Of The
market In an aggressive way \ great
many operators have llquidated how
ever, while others do not care 90 enter
the market on the buying side az this
comparatively high basis The tcrhn..
cal position is consequently strength
ened.
IL is said that farmers feel about the
same as Spectators relative TO the mar
ket and the percentage of growers VINO
own much wheat Is very small Eyl-
IDENTIFY the bids OF $3.50 were the prime
moving influence in attracting the week
end country selling, but there were
other factors mentioned. The adlcr ul-
certainties surrounding the shipping
situation are doubtless understood n
farming centres. and it Is realized thlt
II the advancing tendency Of the wheat
list Is 70 he unbridcd there can be no
hamperinR OF the shipping and export
ing situation Further country liquda-
ton Is looked for, az March ! 70
assessment day at various Southwestern
points and there should be desire to
escape the customary tax levied ON farm
stocks as Of that date.
Apart from the fresh rumors concern
ing the reducing of forts At the Ddi-
danelles the advices from abroad were
bulishly regarded. Much was made of
the private accounts from France tell
ing of the unpropitious weather in that
country and the improbability Of a nor
NAL crop in the coming season on ac-
count of the abandoned area and short
age of labor resulting from the war
There were also complaints of excessive
rains in Argentina and India. Weather
conditions over the American wheat
area are extremely favorable.
The visible supply statement OF yes
terday was abou, as expected showing
a total OF 100000 bushels, comparing
with 10000. 900 bushels n week ago and
SO 900, 900 bushels for the corresponding
week last year. \ moderate gain Is
looked for in to-d1y's statement on the
worlds visible, due TO an increase Of
100000 bushels in the quantity Of
wheat atoat
Corn-The speculative support in the
market was not as persist as recently
Advances during the early session We're
i'm sympathy with the bulge in wheat
and the firm foreign markets. mdica-
lions of an increase in the country oher-
ings and the failure Of export demand
to expand as expected changed the
hullish sentiment among professionals
and shook the confidence II numerous
operators in commission houses. The
business with foreigners was placed at
about 100000 bushels.
Interior receipts Of l,430,000 bushels
were recorded. comparing with 100000
week ago and 1,lUS,UU0 last season.
Weather conditions have turned very
favorable and some gain In the move
ment Is not unlikely. The visible supply
has been increased 3G.6O0,O00 bushels
an increase Of 2,445,000 over the total o.
last week. Cash values recovered
slightly from their depression Of ] %
NC. for the day
Oats--The foreign purchases of more
than 100000 bushels held this market
relatively steady. Prices We're in1u
enced largely by the change In othc'
markets, however. The farm offerings
were slightly larger and resulted in scat
tered hedge pressure. A decrease Of
100000 bushels was registered I'm the
visible supply.
Provisions-The weakness in the lis'
was ascribed to the offerings from small
packers. Large packing interests We're
on both sides of the list. There was
liquidation by speculative holders wn1
were displeased with the action OF the
market. An advance OF 10 cents in hog
levels did no. helm prOduct luaG