The sun. [volume] (New York [N.Y.]) 1833-1916, 1915-12-10

THE GRAIN MARKETS.
Wheat FractiOnally Lower-Ner
vous Markct-C0rn Easier.

There WAS nothing especially stimulat-
Ing to wheat bulls in the news yesterday
and quotations showed fractional losses
That the declines were not moro extern
s.ye was due to the speculative buying
as prices receded, part of which was for
large traders who commenced opera
tons on the bear side very recently. On
tho whole the market was a nervous at
far, with a hover tendency In evidence
son after the initial advances.
A great deal of attention centred on
tie peace reports, particularly the cAbles
telling of the Chancellor's speech in the
keichstag. In which II was declared that
peace proposals compatible with Ger
hIt!lys dignity and safety" would be
Willingly discussed. The occasional
lquidLtron of wheat and the more diff
Ndent demand noted at times were AS
ISOLATED with these political advices.
On tho other hand. the English wheat
markets were quite firm. and although
tha total export business In wheat for
mo session was placed at under coo, 900
bushels, Il broadened inquiry was re-
ported.
Some of the leading bull houses were on
both sides of the wheat list during the SEES
''' h'ia NIl'Sf tbDllstt tThnboCtloub AoI
q continuance of the feverish markets., even
,holRh the price range was not so wide as
h~i been the case on previous days OF the
week several OF the large exporters. holding
oesrish views on the theory OF abundant
wheat snpnlios for all requirements irrespec-
I'VE OF political Developments. admitted that
lne} we're undecided as to whether the wave
s%,rpubllc SPECULATION had spent itself.
me General crop news was OF a rather
,sSorabic tenor. Estimates as to the new
american winter wheat area are not 50 low,
It chicago Trade Buiistin placing the de.
TEASE OF % per cent, against other recent
nsuFes sug gesting a decrease OF IL to Is per
.eni On December Ii the Official estimate
.llu+ gwen and also a crop condition which
~ tfpe'ted to he about four points below the
yer year average of SOC. The reports from
Nat province at iaO, 900, 900 TO 40, 900. 900 bush,
~ asianSt 20, o 1000 a year ago. The clear
hrsa,mer noted IN Argentina points 10 rapid
""..'eslhL operations in that country.
y generally liberal farm movement has
..lsed an easement IN cash wheat premiums,
ss,psNahy at the Gulf, where hard wheat sold
/, logr cents under the basis of the Chicago
Nay delivery, against an even basis last week.
,nierlor qualities OF the wheat may account
very . r3r ne selling pressure at the South.
s-'nVp bushels. against 200. 900 a week ago
'pl ~loSt!rgo a year ago.
uS Spgno ora Ai'sr more or less irresularily the
m"e oi a reduced speculative demand in the
co.. OF lr'sh buying and short covering The
forr n ling SUPPLIED most Of the buyers
n,.!h2 to sell BECAUSE OF the declines in other
"'7Iun' VI the grain list. The prosf~o4 OF
Gn,rllitn Weather and the belief that the
government report on December II would he
n,nl'drallNcly bullish milit ated agains, l,ro.
,"uh'-l ufossure. Al the same time many
lhe trade believed that a crOp est mate OF
aooui :'Sl'soCo bushels. against the pre.
h,ouf estimate of aooD,0e0.oo bushels, had
M ~. ptlnted IN the market.
'a's There wa, Incubation in the Deoem.
a. POSITION nj Chicago which affected inc
Wy %l"iiNery. Declines IN wheat also brought
a"'Hf scattered llau,dat'on. Country prrssIr.
Nol ,mnortant, aud the receipts for In,
,r ~ ~ uointS were only $4,000 bushels
"t'us' N+r% a wear ago Export buying was
! ''u ~ h,urDS mstely 10000 bushels.
''"' nom \ moderate rally followed on
'dS de- line, which was caused by The
avn. lpr took yard Interests, Packers vers