The sun. [volume] (New York [N.Y.]) 1833-1916, 1915-10-17
THE GRAIN MARKET.
Bull Movement in Grains Unabated
Huge Canadian Yields.

The commission house opportunities
to buy wheat were not fruitless yester-
day. Outsiders who asked concerning
the prospective level of May wheat al
Chicago In the near future were told
Of the possibility of $1.25 being regis
tered. Speculative support did much to
occasion the higher prices In force dur
ing the session.
The presence of n huge export de-
mand impaired confidence 10 the wheat
bulls. A few of the foreign Govern
ments again inquired for grain and fair
purchases were made. Transactions OF
about 300 600 bushels were reported for
the day. interests abroad are really
paying from | to 20 cents a bushel
more for wheat Than was paid "A year
ago. when importers were really In a
frenzy to get supplies, especially as the
control of the seas was somewhat in
doubt at that time.
Canada is credited with having 1885,
600. 900 bushels more for export than a
year ago. Accepting the bullish esti-
mates on the extraordinary amount OF
understandable wheat In the United
States this season It is figured that
this country has at least 300, 00O, 200
bushels to export. against 100000, 600
II year ago. when the demand for strictly
III ivan WHtdt WdN nluNH III tN'tsS
r the absorption in the past few weeks.
In addition Australia IL expected to ship
SO. 900 bushels. against her importa
lions OF about 10. 900. 600 last season. II
creased areas OF Argentina and India the
deficiencies In various European countries
and the uncertainty Of the Balkan exports
Will be easily counte balanced. Authori-
ties choose to leave Russia out OF the
calculations for the present.
However. the market Is not being don't
nsA N sill. ,..- i. -
demand conditions as viewed from long
range. Farmers are not flooding the mar
ket with wheat and stocks at no centre
are burdensome, due to the constant as
similation of wheat by millers and ex-
porters. At Chicago. for Instance. the
premium on cash wheat. as compared with
some shrewd interests assert that tn, y
viii not sell much wheat short until a
FADING OF the premiums Is "bserked.
checked by profit taking and scattered
hedge selling. .nig receipts are likely TO
900 cars Of wheat over the week end.
The Dominion Government NJ canada ssti-
mated the canadian wheat Yield AZ 337.
his observations In Canada the official ,sti-
mate Ii conservative.
Corn-The hull fever has grown more
~pronounceL Par. Of the buying was for
shorts who resisted tho eject Of the recent
advances. Country houses added - their
more or less profit taking. but the market
ana no. react much. s"me export business
IL passing and the rumors are that me
hgrr gat" volume OF foreign buying 1.
liberal.
Weather complaints are frequent and
crop estimates show 4 further reduction
to around 200. 900. 900 bushels. a. COM
pared with tho recent toverrni, Mt sitmat
20 3.ois. ooo. 600 bushels and a crop a
yea- ago Of : $50 900. 900 There are many
In the trade who say that fce,istuTs arc
to" plentiful this season to make for a
sustained huH movement IN corn. There
mas doubtless been much buying inspired
by the action Of tho wheat list.
oats-The demand from exporters WI.
again a feature Of tho trade. Foreign
buNing was placed at 700. 600 bushels The
fact that farmers are not selling frec'y
and speculative Interests have been more
inclined 10 take hold ~ thu bull side
are factors In the strength Builish feel.
ing IL tempered. however. ny the KNOW.
edge that an enormous crop has been
grown In this country and In Canada
The official report published yesterday Is
Tor "A Canadian outturr II AL. oo0. 00o
bushels. against >1j.aoO bushels "A wear ago.
IrovisionS-The strength ~ grain help-i
the list. There was also huNing on the
reductions In the chicago stock Packers
Mere among the sellers at the advance,
Hog prices were slightly higher for tbs
lay. Chicago priCes: