The sun. [volume] (New York [N.Y.]) 1833-1916, 1915-02-12

market accepted the news OF big ex-
port takinEs. IL was said that more
than 1000 600 bushels were purchased
for European account. OF this guam
tity about 30. 900 bushels represented
Manitoba wheats. Some observers we're
under the impression that the larger
cash wheat offerings virtually nullhed
the effect OF the export business, espe-
cially as leading cash house, were sell
ing the Chicago May delivery. pre-
sumably undong their hedges. made
when the farmer was tenaclously hold
ing his grain.
A guess of the farm reserves In Kan
sas of - per cent was given by Smiley
OF the Kansas Grain Dealers Associa-
ton. This would be equivalent to APP
proximately 100000 bushels, against
a recent private estimate OF 26.000,00O
bushels. The milling requirements Of
! the State are figured at 100000 BUSH
els for the next four and half months.
No Government report on farm reserves
| is likely to be published until the sec
ond week In March, although there II
so much talk of an embargo on wheat
exports that special compilation may
appear prior to that date.
Brddstreers exports were $4,000
bushels for the incomplete week The
previous record would have been broken
/ the exports of wheat and -four from the
| United States and Canada total 25i,-
| 100000 bushels, against lSl,0OO,OOO
| a year ago. or this total about ga
/ O0O. 600 bushels have been exported from
| the United States. The gradual fading
| OF the domestic eXportable surplus was
not earnestly discussed yesterday, how
| ever. with the market showing symptoms
| of Generalization. Values are from six
. 10 aIsrhf "a al a
| high and -four prices have been reduced
about 20 to soc barrel
Corn-Many longs liquidated late IN
! the day when the weakness in wheat be-
came pronounced. The support in the
/ market was quite substantial, however,
| and the declines exhibited at the close
| Of the session were hardly serious.
/ Rumors Of very large export business
were current. yet II was difficult to trace
! the advices, and only zoo, 900 bushels
| were definitely reported. Country sell
| ing was not OF the proportions antici.
| pated and the further reduction In the
/ movement has had some bearing on the
attitude of some OF the large profes-
/ sional operators. The receipts for tho
/ first four days Of the week aggregate
| 4.l2l 600 bushels. against 5,i4o,OOO last
week and $500. 900 year ago. Brad
streets exports for the week were 2,027,-
! 600 and since July | total lA,2lO,OOO
/ bushels. comparing with l,s39.00O in
! 1914 The Liverpool and Argentine
markets were lower by a fraction during
| the session. partly on account OF the ad-
/ vices discrediting the seriousness Of the
/ insect damage in Argentina.
Oats Again the list showed remark
/ able stubbornucss. II was not until the
market was about TO close that recogni-
/ ton was taken Of the large decline IN
/ the wheat quotations. Cash houses were
/ freely absorbing the offerings from
7 speculative interests who desired 20 &C.
| cept profits. The export business for
/ the day amounted to more than 1000 81
| 600 bushels Commission house trad"
was liberal and very much mixed most
OF the time although the underlying
sentiment seemed TO be bullish.
ProvisIons-Support from one Of the
leading packers turned the market
strong. The occasional declines in grain
were referred 20. but had less influence
than was expected. due to the recent
liquidation through the provision list
Al present the sentiment is very much
confused The hog movement Is OF fair
proportions.