The sun. [volume] (New York [N.Y.]) 1833-1916, 1915-12-31
THE GRAIN NARKEN.
stress wAest rese-Decenser
s1aeese rearea-Ceru Higher.

After the close Of yesterdays wheat
session q demand for offers" on Chicago
December wheat spranG up. Starting at
Sl.3s. these privileges were bought ~
high ~ 3165. Al the same time the
calls" on May wheat rose to 3l.32. It
was feared that there was "a scattered
outstanding short interest in the De-
csmber position which would be forced
to cover or default to-day. although at
no stage Of yesterdays session was the
month conspicuously strong.
h sharp advances Of yesterday were
largely the result Of fresh bullish sig
nifcance being placed upon the shipping
conditions surrounding the foreign ex-
porting countries. Bulls bought wheat on
the renewed assertions that Argentina
and Australia had serious problems
ahead in moving their large wheat sur
pluses. II Is realised that with wheat
In Argentina selling at 3l.11 and freight
at so cents u bushel American wheat is
slightly cheaper to the European con-
sumer. but the arguments Is that several
cents a bushel is no consideration when
quick delivery Of wheat Is desired, and
such seems to be the case at present.
The Argentins exports Of wheat this week
are expected TO be less than 100. 900 bushels.
Brddsfreefs statement to-day is expected to
show the weeks clearances Of wheat and
flour from North America at close 10 TO-.
100000 bushels. India will not ship wheat
until April, but the reported treblins of the
insurance rates on shipments through the
Sues Canal was an item in the strength of
yesterdays market. Export business for the
day was said to be lees than E0o. 90 bushels.
but the Liverpool market gained strength
after its opening and subsequently showed
an upturn Of ~ to !',c; . bushs|. which
OF wheat on this side. such ~ has frequently
occurred under cover.
The Armour Company issued . statement
~ 49, Aa-n .-.. a.
country. which in conjunction with the dis
position TO take profits over the holidays
gave the list n little setback during the early
dealings Some attention Was attracted 70 the
statement OF u prominent milling man that
the quality OF wheat in the Sou WAS
improvins and that there was . great deal Of
there was considerable mixing Gf the south.
western wheat and that q per cent. of the
wheat In Kansas and Oklahoma was UNIT for
having suffered much less.
Wire service was again disrupted yesterday.
with trading hampered rs . result.
Corn-Tne 81 catered profit tahIng and liuui
dalton for country interests we're soon com
ple,ed and the market rallied sharply with
me Vigorous np,urn IN whess On the
reschinS only 5000 bushels. against no.
100 q year ago. The increase over the move
ment OF a week ago has been very slight
Bulls AZ ain emphasized the vast amount of
low Trade corn through the country For
eign markets we're strong. with q further ex-
port demand here. but no actual business
was claimed.
was against prospective export sales. For.
eign demand here yesterday was liberal. but
freight conditions were against business
The small country movement caused covering
Of snorts. Receipts for the day were only
10000 bushels. against SO.oO last week and
go. 900 a year ago. The sharp advances in
other markets naturally exeNed much enes
on the list.
Tfovisions-The market was easily ad-
vanned. as OFFERINGS we're light and packers
we're not opposing the upward movement.
The hog movement was less burdensome
(hirSHo pYiCNa.