The sun. [volume] (New York [N.Y.]) 1833-1916, 1915-02-11
GRAIN MARKETS.
BiR wheat Export sales on Decline
-Ereer Coarse Grain offerings.

--Frrer Coarse Grain offerings.
Another million bushels Of wheat
were taken by foreigners during the SEES.
sion. although the trade was not APP
prlsed OF the business until the option
markets had closed. II had been the
suppostion that the inquiry from abroad
had slackened, AZ several Of the ex-
porters appeared dsnterested In fact
there was quite little scattered liquida-
ton during the day on the ostenslble
slackening in the European demand.
The market at its worst was slightly
more than a cent lower, which decline
was not regarded seriously or sgnih-
cantly under the present strained condi-
lions. There were further country Of
ferings to be cared for, hut IL was
obvious that actual cash wheat was not
going begging. The May delivery at
Chicago remains az discount Of i9c. to
lc. as compared with the ruling levels .
of the cash article.
In some quarters much was made Of |
the cabled advices to the effect that |
Russian authorities had finally discov-
cred a method for the distribution OF the
grain Of their country. 1t was proposed |
to use the ports OF Archangel or Nladi- /
vostok and thence to west Europe. Ex- /
porters here were not deeply concerned. |
claiming that II the routes we're practi- |
cal their utilization would have occurred |
weeks ago. 1t was stated that the Gov |
eminent in Russia wa very anxious to |
relieve the situation and had provided |
special freight charges to encourage
the movement. Archangel II well In the
Arctic zone and IL now frozen, while the
Nladivostok route would mean a lengthy |
and very expensive journey for the
grain. The suggestion was not made
that efforts to force the Dardanelles
had been abandoned.
The foreign markets generally dis
played an improved tone. There were
some frost reports from India. Heavy
rains In the Argentine caused Rosario
wheat To rise about &c. There
is considerable talk at this stage Of Eng
lish interests resting content with the
knowledge that liberal exportable sur
plus will he available from lndia-per
haps SO.OOG0O0 bushcls-during the
spring. but authorities declared that In
| the meantime the United states will
have disposed OF its 100000 TO 49,
| 600. 600 bushels surplus as Of the cur
I rent date unless there Is a marked dim
| mutton in the demand from various
| foreign districts.
| Some OF the large domestic cash inter
| ests apparently expect to he thoroughly
| cleaned Of cash wheat before the begin
ming OF the summer The exports yes
| terday were 800, 900 bushels and to
date tho wheat and flour shipments from
| the United States are unofilcially placed
! at 223. 900. 600 bushels Brddstreet's ex-
| ports for the full week should present
new high record and the visibly supply
/ statement on next Monday Is expected to
exhibit another heavy decrease.
| The PgicC Current report confirmed
| recent private dispatches OF ideal
| weather I'm our winter wheat territory
and also mentioned The small amount Of
winter killing thus far. leaving an enor-
| nous standing area.
! Corn-The liquidation in the market
was sufficient to prevent the list from
displaying much resiliency. Country
houses and commission concerns were
frequently on the selling side. a report
from BroomhdVS agent gave the Ar
gentine surplus AT 230 900, 900 bushels
and led to discussion concerning the pos
| siblltics of importations into the United
States AS occurred last season. How
ever. on the present basis there is no
chance OF Argentine sales here. Further
more the harvest In that country does
not become general until late next month
and reduction in the prospect would
only he natural. The late cables from
Buenos Ayres told OF locusts damaging
corn. The close of the local market was
quite steady, due partly to a halt in
the outside profit taking There were
export sales OF a few hundred thousand
bushels and the clearance for the day
amounted 10 go. 600 bushels Receipts
were only S9O.Oo0. against i.520 900 a
week ago and $50 600 last year
Oats--Holders In this market still ap-
pear relatively confident. The rumors OF
further export business were again
heard. Actual sales to foreigners. how
ever. were not thought to he near the
quantity worked on Tuesday. The coun-
try selling increased somewhat, hut the
cash article Is held AT the same price
as the Chicago May delivery.
Provisiuus-The liquidation in pork
extended to the rest OF the list for a
time. but packers seemed more disposed
to support the list al the lower basis
% Hog values were moderately lower at
the outset Sentiment Is much mixed
Many of the weak speculative holders
have been shaken out, according to the
: local gossip.