The sun. [volume] (New York [N.Y.]) 1833-1916, 1916-01-26
THE GRAIN MARKETS.
May heat Delivery Up sharply
New uix hs-Big Interests Turning

The extreme uptur IN the wheat mar !
kctS Of yesterday naS about ~. cents.
This took place IN the Chicago May de-
livery. other positions tagging. espe-
clally the new crop months. lDasmuch
a.. the trade labored under fears of a cold
weather crop scare because of low tenn
peraturtr descending on winter wheat
regions where snow protection t. light
the failure OF the Chicago July position
to move up more decisively brought forth
quite "a little comment. Conservative
realized that snow was falling Yesterday
through the West and there was u good
chance for the East to receive a cover
ing before AL injurtously cold wave ma
teriallzed.
Yet there we're high records in the
V rious markets and the sentiment IN
many speculative quarters remained OF
a very hullish average. Muc1 l. heard
OF the strongly inirencheI position or "A
great number OF outside wheat longs
| who bought heavily Al prices materially
under the basis ruling II is said That
speculative holdings OF wheat in a small
town Of Iowa aggregate more than "A
million bushels. and authorities who have
travelled extensively through the North
west assert that people in numerous
sections are intensely concerned In the
! wheat market. In sore important Wall
street houses. however, the bull sd OF
the list has been abandoned
Operators Who believe that the wheat
advance T. near the Culininht ton point
maintain that Il Is rather early for tho
new crop to play an important part IN
the .nSPin nytc @. are Ta'q net ldS% S'''T Thsy ypo,n,
out that last season the supp ana de.
mand position Of wheat In the United
States was Infinitely STRONGER than that
Of present. yet on the last trading day o'
May, 1915. the price In The ChicaTo mar
.I..I,y h..i. ~ last night Another ar
gument In that Argentina Is nov really
"mp@tins With the cni,Gd s,n,os 8, 1 hcI
wheat. Freight rates in the. Argentin.
have dropped 10 Sc cents . eushel. sgains,
IS cents recently .nd WIN VIZ c cas %hS "h. a,
~ liverpool buyers is somewhat over s.
"a busheI. GOOD grades of American and
Canadian whoats cost about the same az
sold at a substantial discount,
The reports Of iSTrr A,sen,,n' o ocs snr
bushels OF Australian wheat TO England
opened our market lower yesterday. Tho
ne bun side and retreat Of short inter
ests caused the ensuing advance. Export
business. for the day was placed at 1850
"Brads,reers' worlds visible supply
shows the following totals; 81 900 900
@tnada. agains, as, 900 900. and so, 900, Oot
bushels for Europe, compared with a.
.'oTn-Aftcr selling on fractlonally OF
uauida,ion for country and speculative
account, based partly on the belief tha'
offerings OF low grade corn would furth",
d.press the cash markets, the list SCORED
a moderate advance due to the strength
OF the wheat market. Early short seller
We're inclined to accept small losses, Th'
prospect OF wet weather through the ives
DELAYING the movement again had sonti
mental influence. Although the foreigi
markets were easter an export bushes
Of $50. 900 bushels was reported, but tn
foreign tskings- are hardly OF sunicicn
size to exert influence on the price list,
Oats-Tho late strength in the marke
was ascrihcd wholly to the erect Of tn
" heat bulge. Export buying OF oats hslpe'
rho basis, The foreign takings wcr'
=, niaced at ,00, 900 bushels. inquiries con
, iinuing brisk, country movement has IN
I rrca.cd slightly as u result of the highc
, prices being paid to the farmers
/, proVisions-Tho support from packer
and speculative. interests brought about
! nrmer tone. II was Noticeable, however
that the lard market Jagged Sentimen
, in provision circles IL well divided.
,flI,apn prItpl.