The sun. [volume] (New York [N.Y.]) 1833-1916, 1915-01-14
GRAIN MARKETS.
Wheat at Record Levels-Other
Markets Down

Speculation played a part In yester-
days violent wheat advance, but II was
not the dominant factor This was
proved conclusvely by the action OF the
cash wheat market, which rose from
TO cents, while options were adding
to . cents to the previous days quota
ticns.
Actual wheat at Chicago Is now com
handing the same bass as the May do
livery at that centre. About a week ago
there was q nominal discount of.3 cents
a bushel. Handlers Of cash wheat as
serted that there may be unhsard OF
premiums unless the foreign demand
abated.
The aggregate export sales for the day
were given at ta50,O00 bushels. No
change in tn. foreign situation was die
closed. English and Argentine markets
keep climbing, suggesting that interests
abroad are accommodating supplies wher-
ever possible irresp ctive OF the cost.
Country advices were to the effect that
farmers were selling comparatively linz
tied quantities The farm movement
thus far has taken l05,000,o00 bushels
Of the 10000 900 bushels excess produc-
ton from INST hands. Some authorities
who have lust completed a Western tour
aver that growers have raised their IDEAS
concerning the intrinsic worth Of the
remnant ~ their crop, Just ~ have many
Of the exporters aud outsiders.
The periods of liquidation In yester-
days market were brief. vague t''!~e
Lttetances were virtually ignored be
cause OF previous disappointlnents. some
OF the inveterate and most courageous
bulls accented profits but with c&sh
wheat az the top notch OF the year ana
for many years futures naturally were
buayant. Exporters, however are az
ready exercising caution IN OuSlhb tiio
May option at Chicago ana oaheT polhts
as a hedge against sales to Foreigners
,,b.u IN, demand is not covered by the
couptr, offerings Thus IT would seem as
though the supply situation was COM
r,.rr'ng To assert itself more forcibly III
restricting the demand.
AZ N,t very little has been heard con-
corning an important export inquiry 'or
early next crop shipment. Tue plaht ~
progressiug normally and while the shp"
nrot,ctiou at present is negligible, no IN
iurtously low temperatures are predlcteu.
Coru-At the opening m the marie,
.b. strength I'm wheat was renecteu' pu'
thereafter the sympathetic influence wa
decidedly less pronounced. 1hc Acuon "a
the ust was Mainly the result Of an over
bought condition which rendered th'
country selling more effective Receipts
for three days this week total 6'l=9'oo.
bushels against 5.12i,000 a week ago and
2676,OOO last t. ason. Another heaVy VS.
IDLE supply Increase is foreshado~ed loi
next NJ nday Tho rumors OF large eN
nor, demand and continued soaring u
4 foreign values caused partial RAINY i
the closing dealings. Speculative trau'
was lighter for the session.
Data-'rhe tone was uncertain. DOUBT
less there would have been heavier de
clues but for the excitement 10 whea
4 Big, elevator interests sold persistently
which resulted in a mixed outside trade
/ Export business was stated to be fa'r
ihvped by the higher Buenos ASres mar
H., ana scarcity of Argentine freights.
! proyisious-The suppostion was tina
,acl,ers were selling moderately. Hos
( markets were irregular. The action o
! the grain market had less than the usua
bearing on pieces.
! Chicago IT yes.