The sun. [volume] (New York [N.Y.]) 1833-1916, 1915-01-19
THE GRAIN MARKET.
Corn Rises sharply ON Export Buy
IpE-wheat Irregular.

Conflicting influences were at work In
wheat yesterday. irregularity and In
decision were the result Gossip concern
ing the Governments contemplated
broad nvestigatiou OF the wheat situa-
ton induced further liquidation by some
of the principal longs during the early
session. The rapid mounting OF corn
values sustained the wheat list in the
subsequent wheat dealings
A diminution In the foreign demand
was hardly accountable for much or the
selling. as the unanimlty or opinion
Is that Europe. unless something unfore-
seen develops must have much more
wheat from the United states. Export
takings for the day were placed at more
than 500 900 bushels. The foreign mar
kets were generally quieter and lower
IN reflection Of the halt In the demand.
Statistics were encouraging TO the In
terests believing that $50 wheat will he
recorded In Chicago this week. The Wis
ible supply was cut down to 66,331,OO0
bushels against 7O,2SI00O last week and
81 600 600 year ago There were as
sertions that the worlds visible statement
to-day would show a decrease OF more
than 1000, 600 bushels Clearanccs footed
100000 bushels. while the interior re-
ceipts We're only 100000 bushels.
against l.35S,00O a week ago and lO94,-
600 I'm i9lI
In some circles disappointment was oN-
pressed because ~ the continued reluc-
tant selling by farmers. Holders OF ac-
tual wheat are doubtless aware OF tho
improbability Of law being passed in
time to effectively check the outflow OF
old wheat. Meanwhile the new crop Is
progressing satisfactorily. An official re-
port gave the plants condition in ohio at
%. against l0l last year
Corn.-The export transactions were
figured at 1000 600 bushels. Values rose
about two cents u bushel, helped by the
fresh speculative demand. partly for those
operators who have abandoned wheat.
Many traders who have been selling on
the large receipts and frequent hedge
pressure were forced TO cover The list
advanced to new high levels IN easy fash-
ion. Trade was very broad Not much
attention was given to tho increase Of
5000. 900 bushels I'm the visible supply.
this showing having been fully dis
counted. The receipts continue large and
cash values were not quite as strong as
options. Yet many IN the trade are talking
80 cent corn In the near future.
After tho market closed the farm ami
nal report was received and was bull
SHY constructed There are nearly
f.0o0.O0u moro hogs % b" fed .hln last
year Much discussion was also heard
on the foreign inquiry here for wheat hou~
to be mixed with corn meal I; Is unuer-
stood that the pure food laws prohibit
such adulteratlon, although the mixing
might be done abroad Corn meal NAV
also he exported in heavy quantities from
the United States because there are numer-
Gus mills in Europe unprepared TO grind
corn. with an ordinary -four costing S6.7J
against a 50 cost OF corn meal the posi-
bilties for a huge consumption OF corn
meal are easily imagined.
oats The market WAS not especially
interesting. uov."s w!;S o:hcra. Large
holders and cash houses We're among
the principal sellers. satisfying the de-
mand inNpired by the rise in the corn
market Export business was estimated
az 200 900 bushels. with untitled orders
close to workable basis traced.
Provisions.--The official figures show
farm stocks OF swine TO he 64.61S, 900,
aFains, 5s,933,O00 last year; sheep in
creased 100000 and mich COWS increased
100000. These figures ere bearsh. but
were not published until tho market haG
closed. Values yesterday were strong on
the light hog movement and the higher
costs OF fodstuffs Packers sold on tho
bulge.