The sun. [volume] (New York [N.Y.]) 1833-1916, 1915-01-10
GRAIN MARKETS.
wheat FIuctuate- sbsrpiy-Cor.
and Oats Down.

Wheat vas severely depressed by the
liquidation OF large and small speculative
holders. The transactions were tremen-
dous fluctuations violent and the UNDER
tone feverish.
At one stage the market threatened to
reach new high ground The stampede
TO sell M the outset was not followed by
Generalization. Strong cash houses ana
seasoned traders calmly took the out.
pouring OF grain from the more tlmid
and sensitive element.
The export sales OF about 100000
bushels encouraged these bulls Liver
pool interests were again willing 10 pay
from 4c to DC. "A bushel more for wheat
than was quoted on Friday. Aud AmeT!-
can wheat Is cheaper than either Argen-
,in> or Canadian wheat
Buying in OF the Stringer short &C
count accelerated the rise. Clearance or
400. 600 bushels for the day and pre-
dIc,Ions OF "A two million bushel visible
supply decrease on Monday we're other
factors. Itw as again wired that farm
.rs were not selling as much as might
10 expected In view OF the bids or
about 81 90 made to them.
Just prior TO the close OF the market
the list suddenly plunged downwaru
again The Armour concern sold heavily
and was followed Instantly by some
other big commission houses sup
mort was missing, due to the senu-
mental influence of the week emu ana
the agitation Of various sorts against
the high wheat levels. Advices mat thero
was an embargo on grain shipments mo
u .l+intore on account OF congestion was
instrumental in the break. The teehhs
NJ many in the trade was best illustrated
after the end OF the day by the tact tha'
"puts" on the Chicago May delivery TOT
Monday were bought AT sl.32. or cehts
under the fnal quotation for that option
The denial Of the rumors that the Gov
eminent legislators were actively pan
,inr al this date to prohibit wheat exports
from tho United States did not restore
eouainn,ity. Realization that there was
accessibility Of such action prompted many
to sell their wheat not only NJ the open
ing OF the market, nut also uuI'"s wv
balance Of the session.
vet there we're authorities who refused
20 construe this poss.be FederhI reEh'
'ttion OF supply and demand CONDITIONS
AZ against values. The thS'rN " ina,
AN effective law could hardly ne passed
within the next several weeks, anu -, ~
the intervening time foreigner might
her-,no excited buyers because or a pro-
spective cessation OF American offerings
II IN note worthy tha1 authorities are more
disposed to ada several millions OF bushels
to tho quantity available for export a.
a result OF economy through tine country
the natural effect Of the fancy prices
Corn.-The trend OF values was gov
arned principally by the erratic wheat
changes Export purchases OF 900,
bushels and fresh outside demand caused
a rally for a time. The liquidation wher
wheat broke was pronounced, however
and there were many country holders VINO
sold. Receipts for the week were s'oOo,
oOO more than the previous week ah'
5000, 900 larger than year ago sus
costing a substantial gain in the week.
I visible supply statement.
oaas.-Tha list opened weak and mn
,shed weak The price changes were u
sympathy with those In wheat. Out
sids holders liquslated freely and theT
demand and cxpectation of a rather bull
ish visible supply showing on Mondal
helped values NJ the time when othe
grains were temporarily strong.
Provisions Packers absorbed offering
accustomed by the heavy grain deciine
and the large hog receipts Values wer'
generally lower, however. ana se'Itiinen
IL more mixed.
Chirago DriCeN