The sun. [volume] (New York [N.Y.]) 1833-1916, 1915-12-21
Winchester Arms
J.k.Rice,Jr.&CO Co.
Phones 4oOi to 1910 John. 80 Wall 81. n. v.
THE GRAIN MARKET.
Export Buying of wheat ana
Speculation Advance Prices.

cpNV
All the active wheat deliveries attained
fresh high points during ycsterda! $
session and the rnsi quotations were
at about the best Of the day. Tbs action
Of the marke, was a source Of much
comfort TO the adherents OF tho hull
side. Many OF them saw At TO partly
reinstats lines the past few days. be-
lleving that European Interest had en-
tered again upon an active purchasing
campaign. Inasmuch "a the export
buying OF wheat yesterday closely ap-
proximated 100000 bushels, including
1900. 900 bushels at the Gulf. following
the buying OF about 1000. 600 bushels
in all positions on Saturday. arguments
touching on the urgent requirements
Of foreigners had profound effect.
There was also speculative buying OF
wheat futures yesterday for tine account
Of interests abroad. 1t Is understood mat
foreigners have given belated attention To-
the fact that bearish wheat statistics
nave not been other than a misletdius
factor In the market for several weeks
and at the present stage theoretical
bear!sh supply and demand conciu-
s!ons are being ignored. The luterra-
tional institute OF Agriculture. at Rome,
published AN st!mat late YESTERDAY
placing the wheat yield in the north
ern hemisphere at S,5so,o0o.u bush
els, against approximately 2,g00. 00O.o0
bushels last yea Increased yields 81
wheat In the southern hemisphere this
season are unothc.ally placed AT near
100, 900. 900 bushels.
Bulls on wheat again laid stress on the
tonnage situation. apparently the ana.
nestle ports are easily surrnounicd when
compared with the poor accommodations
a, Australia and Argentina, This is rather
tauns ,hs, The british Govsrnrnen' Va.
srrsnFed for export of only l2,ooo 900
January and February, although Govern
mental interests exercise almost absolute"
sGnisSI p Se TA''8 rh ana mh s.se'" ..por e. rom rom
North American ports are averaging about
100000 bushels daily Freight rate. IN
shipping wheat TO Europe is now close to
so cents IA bushel whereas the cost OF the
Tho fact that the north western mar.
kets were relatively strong during the day
lent color to the private emphatic pre-
the very near future. Thus far forecasts
OF this sort have been premature. Ac-
not heavy At present. although the read
stmen In the visible supply figures yes.
terdAy was very drastic, Incidentally
wheat bulls seemed TO reserve their buy
ing power until these statistics were pub
lished. Tho Increase for the week was
about s5. 900. 900 bushels OF which II. o0o.-
900 bushels were In the domestic visible
at Buffalo anoat. 22. 900, 900 bushels In the
/ 500, 900 In the Canadian. wheat visible.
The total visible supply Of United States
wheat IL now 81, o00. 900 bushels. against
rs, 900. 900 u year ago.
Corn-The market managed 20 close
virtually unchanged because Of the sharp
corn market were decidedly less aggressive
and there was occasional liquidation for
these interests and for country account
There were ideal weather conditions over
all the country and the trade will be very
much disappointed II receipts ar. not much
larger In the near future The visible sup.
ply incrss sed $40. 600 bushels In the past
week In spite Of the Hight farm movement,
A. the same time, II IL maintained that
an appreciab BILE Increase In the receipts OF
new corn Will md a ready market, as
many buyers have been holding aloof In eN-
pectstion of freer offerings. Sentiment In
speculative quarters Il very much mixed.
Oats-There was not much feature to the
oats trade, Prices were advanced slightly
in sympathy with the upturn In other
grains. The principal support came from
the short Interest, Export trade was said
to be slow and there were fears OF further
onerinsa Of Canadian oats for domestic
81, 900 900 bushels, against 20. 900, 900 in the
previous week and 3s. 900, 900 "a year ago,
Provisions-The reports OF a better cash
trade, rejecting the prosperity OF N"
country. and the rise In the grain markets
led to an improved speculative demand for
hos receipts checked the upturns.
t|hieaRo prireS.