The sun. [volume] (New York [N.Y.]) 1833-1916, 1915-03-13
THE GRAIN MARKET.
Europe Buys Heavily Of heat
aud Oats-Advances.

6uu
About 4 cents were added 90 wheat
values yesterday ard approximately
1000. 900 bushels NOR" taken from home
requirements. Part 81 the .snort husi-
ness was consummsteI lat. on Thurs
day. hut was not included in the re-
ported business of that DAY Cash wheat
continued to- rule stronger than futures.
The cost Of this wheat TO Europeans
is practically the highest of IN" season
on accoun, - tic impressive premiums
for cash wheat ana the slice pest freight
'ttc. ever charged IN the history of IN
trad".
Ncarly all IN the trad" now concede
that tn" United states, to apppasc tn"
foreign demand. - eucrOacning on 10
HON" supplies. The Government Cpu
Of Yesterday caused other statisticiHrS
To- fail in line with thus. expressing
the Affirmative in thi. hitherto much
mooted question. Inder the cjrcuin-
stances u was not surprising thai there
We're some seemingly radical predictions
heard as to the possible values for the
old crop wheat, but the wonderful prom
ise OF the new crop tempere the feeling
relative to tho deliveries representing
the next production. There ls scarcely
a complaint as to the plant To- this time,
Tn. Government stated that tn"
try mills and elevators held SO, o0o,0 600
bushels of wheat on March !, aRainh.
"a. 900. 600 on the corresponding date "A
year ago and $4,000. 900 i've years AFRO.
The farm resef yes were 1853, 00o, 600 bush
els and the wheat In the visible supply
tutalled so. 900. 900 bushels. From thes.
supplies are to he deducted 116,00U.0o6
bushels for the average theoretical HON
consumption for The months TO July.
close to 10000. 600 bushels for spring
wheat seed and $4,000. 600 bushels FOR
an unprecedentedly low carry over on
July /. The remaining n.0o",o 900 bush
els are available for export. but prac-
tically his entire amount has already
been sold and awaits shipment
The exports Of American wheat 90
date are clos, 20 $50. coo. 900 bushels.
Brddstrssts exports for the week, lnclud-
ing Canadian wheat, were $4,000.
against 3.764.u0O = year AGO and since
July amount, TO 2ss, O0O. 900 bushels,
against 1g5. 900. 400 a year ago. This
authority i believed to b" ~ least 10
600. 900 bushels too lou AZ present. The
clelrances Yesterday wer" about a mil
lion bushels with no special i''ninution
looked for IN several weeks.
Speculative trade during Tho day vas
Of fair vulum. There seemed 70 he sum
Client profit taking on tn" hu'ges 20
NV NltF liNhN ' iA'A'
the tuctlations were sharp AZ times,
especially In she May deliveries Bear
Efforts ne directed mainly 10 IN" fnr
on months and are based IN thc supppSl
tion that peace rumors or Dardanelles
reports should come TO the surfac" fire.
g%u-rily. while with the present outlook
for the crops and Germany and Austria
shut OF from supplies there should be
plenty OF wheat available next fR1l.
tH.rv-Tha iEf UgIngI "A cent !. LINt..
hu, the full advances were not r"ta ned
20 the finals. Fears OF heavy deliveries
In May caused considerable prom 'tk.ns
The market was not without a liberal
amount of good speculative" support.
however There are operators "ho DO
leve that before the delivery time a.
ours shorts are likely TO be intiridatei,
particularly II the other markets ID
vance materially from the present basis
Much Of the buying yesterday was ~
sympathy with the strength % wheat
and oats. The export demand was no,
urgent and only 100, 900 bushcl. Were
reported sold Argentine crop ueTs IL
highly favorable As a whole During
the early summer there should be heavy
shipments from thai COUNTRY 20 Eu-
rope.
Conflicting advices wer, current as 70
the domestic cash trade, but the cash
markets generally displayed 81 tirnr zone.
The fact that country offerings are n"'
pressed for sale couuterhalarcas ''c per-
furc'ory buying reported " some an-
;horit!es. Receipts SO far for the week
amount 20 2.030.0 0o uhsh.ls. against
2.T7o.O0O in III" preceding week and
$4,000 for the corresponding day. q
year ago
Oats-Export sales for the past two
DAYS were about 1000. 900 bush.is The
foreign demand yesterday WAS eror-
nous. Cash houses and speculative In
~trrosts bought freely and tho country
offerings. with the heavy realizing
sales. were gladly taken 10 this time
the exports " oats totti $4,000, 900
bushels. against less than l5,ooa, 600 p
year ago. The amour; " oats sold for
export but not shipped AZ this stage i
estimated ~ more than %. 600 ""0 bush
els.
Piovisious-prlce changes wert ur-
usually small The steadier unde!tore
Wa attributed mainly 20 the hulgc In
the grain markets Hog receipts we're
not especially heavy.