The sun. [volume] (New York [N.Y.]) 1833-1916, 1915-12-17
THE GRAIN Markets.
Wheat and Cora Very Strong
Government Report To-day.

Even those who have steadily eapoused
The bull side Of the wheat list In the
part few weeks maIyelled At the strength
displayed in yesterdays market. After
selling on fractionalay on the lower
foreign markets values climbed about
~, cents q bushel despite the abssncs
Of an export business worthy Of men.
ton Tho rise OF tbs list led 70 the
suppos!tion that large Western elevator
houses and other prominent Western In
terests had been accommodating wheat
under cover for foreign account. 1t was
evident that the prominent local *.
porters were doing very little.
The realization that the market had
Of wheat liquidated uoeently At Chi.
caso for strong speculative interests with
current levels only 2 to IN cents from
tho high Of the season Las in itself mus
tered friends for tho bull side. Whether
tho buying wa really Of good character
remains 10 be seen. It IL generally con.
eeded that the statistical position OF
wheat Is bear!sh, but II has been 20 for
weeks and the list has reached some
very surprising levels. This bearish
statistical position becomes tho more
striking when the detailed Missouri
State report Is considered. In this ON
clsl document II was said that only
s770o0 bushels OF the total crop of u.s.
OQ0,o 0o bushels for Missouri we're unnt
for milling, whereas some Of tbs private
estimates have been as high as Is per
cent.
troubles al Chicago railroad centres and tbs
fears OF congestion on railr0ads running out
o. Minneapolis shorts had in mind dslaysd
ml,nents At the same time this congestion
snd The various embargoes levied by railroad
tnd steamship officials are plsiniy against dis-
value. Of the deferred wheat positions, but
We sentiment as voiced by many In the trade
a,n mo 'tape" have been arguing otherwise
~ lat" Seaboard clearances Yesterday were
ARE however, AT 2.Oo0.000 bushels.
'@iN to day the Government will issue On
l'e on the new winter wheat area and
on 'hc condition OF the plant. There was
som" buying Of wheat yesterday on this a.
SUMPTION that these figures would be bull
I1..E rons,rued The area Il not e.pect.d "a
tr'"ho last year A crop condition Of sp.
nfoN'nhtely n II expected, against S.? . year
ago and . ten year average OF about eot
Corn stop loss orders on the short side and
GIVE onying for bull interests made for q
Nt, strong market Yesterday. There ,wsrs
seton OF the country. rains and SHOWS being
general A. a result feeding demand for corr
Va '0'rfs,ed and cash markets made . fair
10. o. - TO the upturn In futures. Small re-
,t'.' continue, with some significance NJ.
'acn { 20 the fact that country houses did
,o' Hl much corn after Wednesdays rather
troubles At Chicago disturbed the December
'-..ts { y thought that the high price,
r.' lfoduc4a larger farm movement nexI
'"'. parucularly IL the weather clears. q
."ne probable after to.day, Receipts 40 faI
'hs "rrk total 3, 25s. 900 bushels, against $500,
"N 49, geek and co.'s. 900 a year ago.
pr'- The tone was frmer, due TO the ID
'trs' IN corn and the Disappointing countrJ
offerings Unsettled weather conditions partlI
accounted los the small volume Of selling