The sun. [volume] (New York [N.Y.]) 1833-1916, 1915-12-07
THE GRAIN MARKETS.
Four Cent wheat Advancea-Specs.
lative Trade-Corn Strong.

While several Of the prominent au-
thorities in the wheat trade reiterated
with greater emphasis yesterday that
the exportable wheat surpluscs of the
various countries exceeded the aggre.
gate import requirements by more thar
130.000.oOO bushels this season. ever
after allowance is made for an over
estimate Of $4,000. 900 bushels in the
United States r and for the esti-
mated 10000, 900 bushels Of UNIT mill
ing wheat. the great speculative clan
industriously bought contracts. Wheat
values scared an average Of four Genus
a bushel and most of the rise was In
tact when the session ended.
The fact that the list has risen about
15 cents In the past few days wa not
a barrier to outsiders. There was talk
Of a foundation being laid for a big
bear market. and of the buying power
of the commission houses gradually ex-
hausting itself. but II was clear hat
the potency Of the outside demand wa
respected. II was conceded that for
the present the operations of the specu-
lative group swayed the market and that
the supply and demand factors were
devoid of ordinary influence. The vol.
ume of business yesterday was NOR
nous. Many of the commission houses
had their facilities taxed as a result.
Of liquidation brought about q setback
Of . to . cents a bushei. Huge re-
fsis'i iia ann TS"1 mov. Msss 'n ..id. srom ,h he
break was utilised tor fresh. speculative
readily mapped up despite the assertions
that foreigners were not following the
!ss .gy', e s.T.ss' Business ss ss. w wss' ela 'e:ti a. fsi scc.:
900 bushels. The foreign markets were
strong in response to the %yiolen, bulge
proximity Of Important orerinss from
Argentine and Australia has not under
mined prices In the English market as
Whsa, bulls again referred g tn. est.
the winter wheat territory. the prospects
ot q material reduction In the .canadhn
wheat area and the sensational rise o.
4 Chieaso between D.Semb.r and April
80 a year ago. but It H. thought that the
and aem.nd SITUATION t%' should soe rf be- s.r aHSeiy
considered In these long range references.
Apart from the heavy receipts Of %,J7?.ooo.
favored bulls. The visible supply increase
,Gs ' he. T ,n.., Va, .%iy , . ,sS sss S Sa:
sympathetic, influence in this market. but
TIL. ne, gains were clos. to two cents a
bmshei. Bullish private reports had some
effect. as outsiders are apparently moved
.,sTi.ooc, 900 bushels: the total ylEeid being
gwen ~ o'Vvv. WY. ooV by tne government.
George A Phillips placed the crop at
receipts foreshadowed, but this feature was
offset by the outlook ior wet weather over
the corn region. The foreign corn mar
kets continued strong.
Oats-slight early declines were at
,ributed to the hedge selling and the spec
ulative liquidation. but the market soon
rallied. The vigorous upturns In other
markets brought about renewed short COW
ering and speculative buying. The de-
crease OF 1880. 900 bushels In the visible
supply was not ignored as an item In
the markets bulge. Export business was
checked by the rise In the list.
Provisions chicago received so, 900 hogs
Yesterday. with hog values lowered from
Is TO IS cents, but there was no especial
weakness in the provisions list. More
or less Of the support was due TO the
strength OF grain. although active distribu-
ton OF mea,s IL reported.
ChiraHo prirea.