The sun., 1916-01-12
THE GRAIN MARKETS.
Enormous Export Buying sends
wheat uigher-Corn strong.

Well posted cash wheat handlers
placed the export business I'm wheat yes
terday at more than 1000, 900 bushels.
1t was intimatcd that British Govern
mental interests did most Of the buy
Ing As a result OF this huge absorp-
ton the tone I'm tho wheat markets was
strong. Early losses were quickly re-
covered and substantial net advances
were exhibited at the finals. Northwest
ern mills reported fair expor, sales OF
-four.
The foreign buying furnished an ex-
cellent basis for liquidation for some of
the bull interests. which apparently are
less confident Of their position. partly
because of the opposition from strong
cli1ues obsessed with bearish ideas and
on account OF the freer Offerings from
the farms. IL was made known after
the close Of tie session that the aggres-
siveness Oh the bear side would he. re-
sumed AS soon as the foreign buying
abates.
The adviccs from abroad were con,lu-
Give To higher prices yesterday. Eng
liah markets were steady. Ignoring our
depression Of the previous session. Tie
Arseni.ne market Was lisc. higher.
Moreover. freight rates Ia Argentina
We're quoted at 90 cents a bushci. so
that the cost Of Argentine wheat I'm
Liverpool Is approximately S@0S. against
a basis Of Sl,sj to slg5 for American
varieties.
Other cabe adyiccs told Of the Spanish
purchases Of 1GGi. 900 bushels Of wnc.i
duty Tree. and OF Italy having -yrsuiet is
that the needs of the Italian t,uSrr'ifnrat
i"r thc army sand navy ~. lar-e Doubt.
severely DISAPPOINTED al tho .ur.l.L gram
EXPORT movement from Australia and Arsen.
Inn,r,a. ,aS 4. "a" ,.,co 'cG. IN those
hold aooi from the markets al various
tunes
l.i.nt to moderate snow. fell IN part. of
and The forecast va. tor snow IN the east.
rrn belt The chan,r- favor , rovcrru. frr
Idrse part OF the now wheat area 'rtor
To extremely low temrorstur-. striung the
inr"rii4t SECTIONS The trade wss a-ain
rem IutG oi the decrease Of close To oUt ~
acres IN wheat area and Of The backward
u.hlhS work through tn" sp-Iu. wheat
rs" ,nmndil@ from tho Southwest and
,h,ld,tr..ts Wheat stock. are as follow.
HglH'l bushels III tho United stat.s AZ, ,inst
s7.@1"1 last year; ~ D01 GI bushel. IN can
ada against g o1o yo and - %" oo0 IN and
anoa, Tor Europe, against 7N."'.ooo hushcl.
sH cqI. +. Thc IGy y,r., H., a asrn ro. sssy hened
short covering Tor reccm s-llcrs wa ,r'i, ".
h.h thr nun sllsuri fairly -pod Al
tImrs country oh"r ugs wsr" r,ror,od -h'i,
Iar-"r al IN" new hl-h levels hui ih.-a wrrr
rea'nly absorbed Weather conditlons 'hro,I.h
N" Wos' and tn" rallroal congestion Ar.
s'll AGAINST a frc" movement. Further ~
i%r' hids were receives; yesteriav The
hel!'t prevails that Euror~ Will take close
10 ''".'"' bushels OF American corn 'hI-
yeh Nu'h attention L. gwen To th, tiylC.-
i,milra,ins mr. there ,S = serious drought 10
Ars"nlina winch is against the new corn rrnp
odis The strength N other markets was
naluri'ly me Important Iuiususp 100 oats
u seemed dhlrult 10 awaken mach euth.I-
,laSnl on The buying SIDE. but sellers were
'au'tOIS, partly iue to tie very moderate .
farm of"rlngs. Export demnnd was I'M lilo
market, some au' torliies I'0nrtiup snoI huIs
nut IN" aual business reported was not
large
PROVISIONS The hog movement was not 50
heavy ard packers were on tho buying s.,io
during the session Speculative demand wls
stimulated Nv the strength N the grdln l.'