The sun. [volume] (New York [N.Y.]) 1833-1916, 1915-10-12
THE GRAIN MARKET.
Large Wheat shorts COver-sharp
Advance-Corn Firm.

A dearth of wheat offerings made
large advances in wheat easy Of attain.
'nent during yesterdays session. The
gains In the market we're 31s cents a
oushel at their maximum and the recess.
SONS In The late dealings were trivial
some bullish news was received. II
was frequently remarked that the mar
ket readily responded to items of this
nature.
a large export business passed desr',.
the higher quotations. II was asserted
that close to 2,OOO.0 900 bushels Of whea
had been taken by foreign buyers since
saturday morning. Inquiries for fiour
were also large, but the abnornnlly
strong freight situation precludes the
acceptance Of many OF the bids. There
were clearances for the day Of 1000. 900
bushels, with continued heavy exports
foreshadowed for the next several
weeks ut least. II IL noteworthy that
the ulk of the foreign buying recently
has been concentrated on Canadian
wheats. which are relatively cheap and
OF high quality.
The increased demand for wheat from
Foreign sources, coming In competition
with the incessant home milling demand,
has made the speculative bear interests
rather wary. These operators seemed
disposed TO await sharp bulges. es-
pecially "a the actual farm offerings
are scant n hedge selling was ac-
cording!y unimportant. The buying for
some of the leading shorts furnished nc
mean amount Of support In the dealings
OF yesterday. Interior receipts for the
day were only 2,51fS00 bushels. agains,
3,l11,0OO last week and 2.206. 900 a
year ago. Traders were not overcon-
ndent of an immediate increase in the
farm movement. especially as the fore
cast was for unsettled weather through
the country over the holiday. North
western markets will hold a session to.
day and the foreign markets will be
open. but the New York Produce Ex.
change. the Chicago Board Of Trade and
some Southwestern markets will b.
closed.
Some hullish crop reports circulated and
these we're not devoid OF market effect. A
Missouri state report placed the new wheat
acreage AT ~ per cent. OF that OF a veal
weather might easily resu.; In more plant
Ing In that state. SIN. the trade II
counting on a decreased winter wheat area
next season of about 10 per cent. TIL
cables from Australia placed the export
able surplus there at 1000, 900 bushels
against recent or ?O,VOo'ooS
bushels and no surplus a year ago; .,
The visible supply statement for the weeh
showed a total Of Is, zoe. GOO bushels, agsins'
Is. 800. 900 In the preceding week and o.
600. 900 last year. when the gain FOR tht
week was 800. 900 bushels.
Corn-The strength in the market wa,
the result OF the further report OF rrea,
frost damage In parts Of the Western and
Eastern States. Elimination of a part al
the short interest was continued. 1t was
evident. however. that the strength OF th'
wheat lis, was quite as much OF a factoi
In the buying az the hullish crop news
There were rumors OF a further business
In new corn for export although NOTHING
definite was learned. The advance In the
list was checked by the profit taking foi
recent buyers and the selling for country
holders.
Oats The undertone was quite strong
with some fresh speculative" buying. TN;
was partly inspired by the strength o,
other grain. The export inquiry was saiu
to be of fair proportions ana "a fsir ousi'
ness was reported. Country seiling IN
creased on the bulge. but the farm move
ment continued much under expectations
The increase In the visible for the week
was only 506.0O0 bushels, bringing th'
total to ll.I5o.000 bushels. against ~
600, 900 bushels a year ago.
Provisions The list made some new
highs for the movement. selling TOT
packers and for speculative holder,
Checked the rising tendency. Senii'n.n'
was rather bullish. however. due TO tht
improved cash trade for nom. and Tor
cign account and in reflection OF thf
strength of tho hog list.