The sun. [volume] (New York [N.Y.]) 1833-1916, 1915-03-07
GRAIN MARKETS.
Large wheat upturn-Forcign
Bu>inu-Cosrse trains Up.

The ouidating movement in wheat
seemed to have exhausted itself for the
time being. at least. ON the other hand
there was no abatement in The foreign
uues, Of actual wheat. In consequence
yesterdays market was one OF continual
strength.
The sentiment as to cash wheat was
decidedly bullish. 1t is figured by su-
thuritips that not more than $4,000, 600
bushels or wheat remain I'm North Amer
lea Tor export. About 2o.o00,0OO bushels
AZ. believed TO he i'm the United states.
According to these students. home sup
plies have already been encroached upon.
The foreign business YESTERDAY was
est imated mt ZOO, 0OO bushels. including
trades consummated late Friday. Enor-
nous other orders were received but
the scarcity uf cash wheat made IL
ditticult to satisfy the demand. While
options were rising 3l.c, cash wheat
scared size Te tendency has been
manifest foI several weeks.
Stronger foreign markets we're re-
ported Yesterday England was more
concerned over supplies. II was pri-
Nai,lN ,ablrd hat fuIther withdra walls
of steamships was having an unmistak-
able sentimental onNbt. Information
WAS also At hand that the statements
of there being heavy wheat stocks at
Russian Black Sea points awaiting snip
meut the moment the Dardanelles strait
was forced were u~nfounded. Paramount
in the foreign situation was the evidence
81 an urgent demand continuing for
American wheat.
There was a tendency on the part OF
speculative interests TO await the farm
reserve report OF Monday. The show
inr ls not expected 20 vary much from
that OF A year ago. when l60 1000, oOO
bushels were reported. II would seem
well TO bear in mind, however. that
abou. ~. 900 900 bushels OF wheat have
already been sold for export. but not
shipped. against a very small quantity
in the same position las' year. ~
present farmers are selling reluctantly
and the receipts Tor the week were IL
3.G4g,O0O bushels. against 4,l96, 600 the
preceding week and i,t3I. 600 in 1914.
A substantial visible supply decrease
will be looked for IN Monday
Corn-Ths market was aded greatly
by the big rccovery in the wheat llS'.
Claims that farmers would not sell
corn n. civ at these levels also az
on predictions Of = bull sh Fam reserve
report on MONDAY INpof' demand
did not appear 20 h. important The
reports OF foreigners r.selllug At Balti-
more had only temporary bearing on
values Cables were down IN reflection
Of Ia anger Arg milne offerings. The for
eigu advice were made use Of by INC
bear element. hut their selling was
gradually absorbed. The weeks receipt
were only 3.ls3,0 900 bushels. against
l.4a4 900 last week and 6.57l. 900 bush.
els a wear ago
Oats There were rIuois OF q liberia
>Npor, 4 mand. but ON the Whole TO-.
eicu Inquiry appeared less urgent. Th'
market was strong. nevertheless, Buy.
ing Tor speculative account was inspire
hy tho decided strength o. wheat. Farm
offerings We" trivial 1he r""c'o'- 70.
the week amounted TO 4.t7iUup bushels
against i.9@'.hu bushels the preacd.
ms " ek and lI+G ace 20 wear ago.
Provisions The PRINCIPAL bu, nc was
credited to packers and other shorts
Hog receipts We're wei taken St-snE-I
OF grain had sentimental influence.
tNi,tgn uTir.N