The sun. [volume] (New York [N.Y.]) 1833-1916, 1915-12-19
THE GRAIN MARKLN.
tsp"vt Bs,iws Wetps wheat
pvires-Osher Wssksss Nstty.

TIL" persistent buying Of wheat ,ee-
;srday for export account had mtp'h To
10 with 'he ~spprrclabic rice In INC
market and also Will the rc"ttry al
prominent Western operators on tho hui
lid" ~ tho list. II was said IN conservative
quarters that the days takings ~ wheat
for export amounted to more than "a
million bushels. with "a larger business
prs-'i,rdcd only iv the rapid advance OF
values. Tho fact that strong speculative
giouIs were willing 10 resume their
operations for higher quotations despite
the setback Of only 4 cents a bushcl
from the extreme high occasioncd uer-
vousuces ainong Some OF the shorts.
There WAS nothing In the foreign adj
Vices to explain the sudden material
broadening In tho dcinand for wheat
excepting possibly the reports Of rains
IN the harvesting districts Of Argentina.
L"idcntally another private estimate
was received from Buonos Ayrcs giving
tho export able surplus at only $1,000, 900
bushels maximum, against recent other
private estimates AZ high as I25.O00. 600
bushels and actual exports IN tho past
season OF 5000. 900 bushels. II is pre-
sumcd. however, that the surplus stocks
NJ wheat at foreign importing points
arc ut II low ebb and Furthermore. the
IVA HFFS VI buNtES ~ Tt'flNt uuith
deliveries of wheat leads to a preference
for the North American grain, and more
than offsets the fact that the American
whea,s are not the cheapest.
Tho shipping situation over all the world
remains a very serious obstacle to the
exporters and importers. Rntes On wheat
from domestic points to Europe vary from
- to 80 cents a bush"l. From Argen
tina to Europc. the freight rate Is close
To so cents "a bushel. Australian rates
are from 40 cents inward. IL under
stood that the British Government com
tinues to commander vessels whenever
exporters hcre had boats taken from them
scheduled % leave al about this time
from Boston. steamship men say that
the grain trade might find some relief
IN the proposed step TO he taken by the
English Government. whereby all Eng
lish ycssch calling from American port.
least so per cent. grain. Apparently. snrh
to ysIsslI ~. ,eS ,oI the grain p1rt.. ,..-
sion. wheat val les werc lowered a trife
on some bearish statistics. The chicago
on m"" far Tn.' a., sF"ss' 900. e"e pnm asSeI.. o, as Wp"s
AZ. 900. 900 In the United states last year.
rhcr" wcrc predictions of q large gain
'crior receipts Of wheat for the week were
la.O0u. Ooo bushels. against $4,000. 900 IN
tn" previous week and s.ooo,ooo a year
ago. shipments were $500. 600 bushels.
II. zoo, 900 and $500. 600 bushels. sedbosrd
exports we're 200, Goa bushels: $500, 900
and $500. 900 bushels respective ely.
Corn-rhe liquidation for country ac-
count was easily d'scernod for a time yes
terisy and prizes declined moderately.
cs-h markets were depressed. There was
only a limited speculative demand. as
the presence "t better weather conditions
Wa agairst hulllsh sentiment Larger
receipts wers being counted on for next
week, although Il heavier movement has
been overdue for some time. The receipts
In tn. past week werc 800. 900 bushels.
against 800. 900 IN the previous week,
and 500. 900 a year ago. In the late
dealings the market made a partial re-
rovcry. due TO the rise In the wheat mar
ket aud on tho strength Of foreign corn
markets
oa,s-The hedge selling wa. more cf-
fective In low ering prices. as the support
from speculative quarters was light ami
the export demand was very limited.
Subsequently Il better ton. developed as
, result of The sharp rally in the vh-,i
'is'. Receipts OF oats for the week Mere
only 1000. onn bushels. against 5000. 0on
Ia The %prcy.Vus week and 100000 a year
ago. .
rroyislons-rhe MARKET Vas quiet and
Hrm. Lighter hog receipts. restricted
specu'stiNe Offering AMI unering- from
packers. Speculative sentiment i mixed.
ga