The sun. [volume] (New York [N.Y.]) 1833-1916, 1915-11-04
THE GRAIN MARKET.
Wheat RcWct-Cnsh " heat Of
fered-Technicniiy Weaker.

The wheat list recovered from It's
initial losses, but the gains We're not
held. According to shrewd judges many
outsiders are long OF the market and
It's technical position Is regarded as un-
healthy. Talk OF a squeeze in the Chi
Gag December delivery is unrestrained
and there was a period of strength
yesterday, bu; 1t Is evident tina; the
notorIety given TO the congestion has
been gradually eliminating many shorts
Although the early cash wheat pre-
m!ums were strong. especially in the
Northwest, al easier tone Vas manifest
before the close OF the market The
offerings OF wheat at the Gulf con-
tinued exceptionally heavy. 1t is be-
coming evident; tndt the bag recelp pts and
the excellent weather. are slowly bur
surely bringing about u~ccumulations OF
wheat at Visible supply points. \ de-
pressing factor IN yesterdays market
was th. | 1900 600 bushel increase In
the worlds visible supply statement.
The totals are $1,000, 600 bushels In the
United states, against $4,000 U last
year; go .OuO,U 600 in Clnada, agains,
a.. 900 900. and ~. Gao, 900 bushels In
and aiioat for Europe, against GS,00O,OOO
u year ago.
Political adyices caused much o. the ir-
- = NAAf 10 ~ ~ AAlhf lHfNF WIZ
bull efforts expended on the authentic
"a bles, indicating that the efforts to force
the DHdanelles would cease. On the other
hand, the newspapers here and abroad con-
tinue to pub ish items suggesting that
peace oysrtures are being made despite
otiiciai denlals The Canadian free wheat
bugaboo again confronted the wheat trade
yesterday ana scattered liquidation was
ascribed to this feature
Hedge selling had much 10 do with the
net declines exhibited throughout the list
onerines OF wheat IN general were larger.
caring for the big demand from the Hour
mills and exporters Foreign. takings yes
terday were placed at l,0OO, 900 bushels.
SHOWS preliminary estimate was for q
winter wheat area of $4,000. 600 acre.
against he extraordinarily large ngures OF
Al, 200. 900 last year The START Of The crop
Is stated to be rather unsatisfactory Re
ports from European countries zen OF much
delay In ne" wheat seeding and prospects
Of a small acreage, especially In the war
ring countries
C~orn-Reports that the prospective large
crop viii contain a great amount Of low
quality corn and the strong cab'es fur
nlshcd ammunition for the bulls. Prices
were bid up moderately. There was a fair
reaction. however. when the wheat lis, re-
on the up,urn The weather In the Wes'
remains idea and there have been no
weather complaints for three weeks Next
weeks Government report IS expected to
bushels Export buying Yesterday was
rather light Several professional traders
ton Of the list Is not healthy.
O~ats-Export buying was limited and
the outside demand quoted There was
hedge selling on the advance. Consider
able profit taking was based on the re-
action in wheat. Receipts at interior points
show "a fair Increase ana a continued HI
Provisions-The large hog receipts were
against the market Peace rumors On.
couraged no speculative suppo~t Stocks
at large distributing points remain large.