The sun. [volume] (New York [N.Y.]) 1833-1916, 1915-01-23
THE GRAIN MARKET.
Export Business Holds values
BuIEes Bring Liquidation.


Tho wheat market was technically
weakened yesterday, according TO some
observers. on the advances OF from 1
to ] u cents there we're heavy sales. This
was not accepted as an indication OF
shaken confidence as TO the merit OF
wheat values II was thought to be due
TO the unwfllngness OF various inter-
ests to be consplcuously identified in the
market The surface Investigations Of
the officials connected with the Govern
ment ere dslked by this element, al
though this investigating should not
necessarily limit the markets advance
in the event OF foreign absorption con-
tinuinE.
European buying yesterday amounted
TO about zoo. 900 bushels. Tho pros
poets OF improved weather and larger
Argentine shipments in conjunction with
the neagre domestic farm offerings
checked the export dealings. Most of
so that markets on this side exhibited
their greatest strength during the early
trade
That England will require considerable
wheat during the next few months Is gem
orally conceded, but there are authorities
believing that much OF tho Argentine
surplus belongs to her, and that midas
production will be depended upon to an
unusual extent. India has an is per
cent. area Increase and may h. in
position to ship 10000. 900 bushels after
April.
The United States has exported APP
proximately zoo. o0o. 900 bushels to date.
leaving about 100. 900, 900 yet to he
shipped or this 100 00O. 90 bushels more
than half is believed TO have already
been sold for export Wheat continues TO
leave the country at an average OF close
naA q a
about $50 DAYS remaining before new
wheat vii, commence TO move.
The storm over the West since Thurs
day has virtually given the entire winter
wheat area "A protesting snow blanket
and beneficial moisture. Less than the
usual winter complaints have been re-
ceived but IL is admittedly early to be-
come enthusiastic about the new crop
growth especially with the trade counting
on "A scarcity OF old wheat and the dis
tressng political situation abroad
Corn-The bunsh feeling has per
meated additions! quarters. There are
more commission houses and individuals
looking forward to further advances be-
cause Of the foodstuff consumption pos
sibilities in this and foreign countries.
Another SET of high levels was estab
! lished yesterday. Export transactions
were placed al moro than 600. 900 bushels.
| Canadians were buying In the American
D
! Government was also buying freely. Very
oold and stormy weather through the
| West helped the bulls Yesterdays farm
movement was 1858 900 bushels. against
: i.s97. 900 last week and 1900 last year.
An overbought condition partly &C
/ counted for the closing recessions In the
| list Many longs realized on their hold
| inRs because OF the late break in wheat
{ There were some predictions OF larger
farm offerings
/ Oats--There were export sales Of 500.
/ 200 bushels rumored. OF which sales OF
( about 400 900 bushels were confirmed
| Buying by cash houses and spectators
caused moderate gains for time Farm
offerings were light More was heard Of
| the unfavorable weather in Argentina re-
Gently. Quotations were lowered before
the finals with the reactions in other
/ grains
Provislons-Values were steadily held.
| The hog market was a shade hrmer.
! Quotations OF large receipts next week
did not inspire much selling.
/ Chicago prices: