The sun. [volume] (New York [N.Y.]) 1833-1916, 1915-10-14
THE GRAIN MARKET.
Decided strength In Whcat-Ex-
portcrs Buy-COrn strong.

The big rise in wheat yesterday
brought prices to within a fraction Of
their recent high levels. II was said
that some OF the large shorts who with
stood the shock OF the 10 to 10 cent ad-
vanccs of n fortnight & were intimi-
dated into covering their commitment
yesterday. Much OF the buying was
credited to millers and to foreigners.
That the market has been technically
weakened was conceded by a majority In
the trade One of the large exporters
expressed the opinion that the advance
would not be carried much further unless
the public disregarded supply and de-
mand conditions and bought the market
up to a higher basis. This authority said
that urgent mill buying has been prac-
tically completed and farmers should be
more willing to sell at prevailing quota
tons.
The foreign absorption of wheat for
the day was placed at 700. 900 bushels.
following about a million bushels on
Tuesday. 1t was the export buying OF
for the one TO three cent advances regis
tered In the Northwestern markets on
Columbus Day. Some speculatively in
clined interests were anxious TO buy
wheat yesterday because of Tuesdays
developments. although certain shrewd
authorities in the trade were not con-
WINGED that the Winnipeg news alone
warranted confident buying.
,,a stress was laid on tht fcssisr ABSORB:
clus.on OF American wheat. The ass.r-
tior was made that importers were filling
their pressing wants by buying wheat In
canada and that subsequently American
holders would have to compete with the
Australian. Argentine and Indian holders.
Furthermore there Is persistent campaign
Ing In Canada for tho removal OF the
duties on grain; Government organs ars
advocating free wheat doctrines. II Can
ada should abolish her import duties on
wheat and flour 1t might foreshadow a
huge infux Of grain into the United states.
Recently considerable amounts OF grain
have been received at American points
even after the m OF a heavy tax.
The Balkan situation helped the market
again Yesterday. Exports OF wheat from
fered with and il Is realized that the
task OF forcing the Dardarelles has be-
come more difficult with Rulearia,s en-,
reports from Russia and some Mediter'
rsnean countries were repeated.
corn.-Thc market acted strong a., DAY;
considerable fresh buying. crop estimates
were reduced and Il was said that the
bee impaired by the frosts of the last
cnrrtnt, The crop in the United states
cent expectations OF 5000, ooo. 900 bushels
A year sgn the crop vs. $40, 10000. bush
els. Adviccs as To the country onerinss
conniCted. but II was evident there WAS
no pressure OF Importance In yesterday $
market.
oats.-The strength In other markets
had much to do with the advances regis
tered. Exporters were moderate buyers
the estimates on the days business CEN
| tring around 500. 600 bushels. offerings from
the country were moderate. but an increase
Is expected with the better weather and
the higher prices. Speculative sentiment
Is mixed.
observation-disclosures there was prof,
taking and some selling credited to pack
srs the list closed at substantial ad-
| vanccs. outside demand and cash house
buying were encouraged by the strength
of hogs and grains.
Chicago prices: