The sun. [volume] (New York [N.Y.]) 1833-1916, 1915-12-23
The GRAIN MARKETS.
sharp nrRction In hcnt--Gcn-
crRI IIauidnt iOu-CUrn steady.

Foreigners reversed their position In
lfc wheat market yesterday and tho
hcaNy selling for these interests mad con-
siderable to do with the drop in quota
lions. IN fresh export business was
light. appruNinating less than nifty loads,
according TO the we'll informed. Some
interests with connections abroad resold
200 0C0 bushels Of rash wheat on this
sido. hut this class Of liquidation repro
scented Isolated cases and was not associ-
ated with the general unloading OF wheat
contracts in the futures markets for
foreign account.
There was a big trade during the ses-
sion. although 1t was evident that tho
proximity of the holidays was finally
havin a dcterring effect on speculative
interests. After the inItia, outburst of
strength In the market, which resulted
III the recording of new high levels,
there developed "A mixed commission
house trade and Il was apparent that
many holders Of wheat were inclined to
even their commitments Under his
selling the markets undertonc changed
from one OF strength to fevcr.shness. and
subsequently 80 weakness.
The ear!y advances OF ! to I pence at
LIVERPOOL ana contcntions thai. Indian
wheat shipments would b" greatly inter.
tcred with, due to cNpectoS military op-
e-a,icns. Involving the. closing Of the sues
strength on this side. However. the Liver.
pool market Ice, 4bou, half OF It's al
pointed on. that india viii no, begin TO
sh,p whsat freei! until after the early
Tho scarcity of tonnage for quick ship.
inont stun from Argentina and Australia
nsutralized thc priy,to advIces oredltinG
OF $4,000. 900 busheis and 1901 O0, 900 re.
spcctively. Conservatives vcntured the
opinion tina, these estimates we're at l.as,
~ 10 20 per cent too hfgu I.ls. zeaepn
me. Argentine shipped IS .0oo. 900 bushels
and Adstralla Imported nbou; 100000
northwestern markets closed about 8
cents lower for the DAY sni {; was sig.
AT those centres most 81 the session Larger
c rlfm 9n,rines Of spriae wheat were
Sarnss ' to ,h ,eG pr %naHlnf IN 81 srTe5as also
al 5000 900 bushels again,, $500, Ooc tho
preceding week and +.7oo.ooo a year ago.
$4,000 Q and 1900. 900; s'aboard exports
!. 1000 900 bushels, $4,000 900 and 400. 600
corn-some neN high records were made
In the marKet yesterday amid claims that
their operations for material further ad.
yances In tne let 1t w2s said tina, weak
veil out ~ the market. better export,
drmand IL expected IN the near tuture
easement. The closing reaction In the
wheat market brought ahou. Srecr offer
ings Of corn. however. and much Of the
eary advances was lost. Considerable at
tcni;oa Wa %n'trpted 90 the Price CarrS.'
statement - til" effect that iuc 20 the
high moisture content y, the corn covering
"a vast section THIS season 10 fair crop
estimate g. possible.
Uats-The strength IN thu corn markc,
and the rumors 90 export business brought
about a broAdeued dcmand Tor oats Dur
ing the scssior. There was some fresh
buying ana qlite a bit ., short covering
Receipts were not much IN axcess ~ the
moderate movemcnt Of a year ago. II
developed tina; there was q liberal for
ellen Je1nand for oats. hut the business
c~ousummstcd Wts stated 70 have been
light. Lat" pr.nss were lower. due to
the declines IN other gains,
Provisions Tho large hog movement.
continued to work against the market.
Advice Indicating that substitutes were
being Introduced for meats seemed TO have
sentimental effect. The feeling n specu- ,
quarter is decid.dly divided.
Ch!'ag, prices