The sun. [volume] (New York [N.Y.]) 1833-1916, 1916-01-14
THE GRAIN MARKETS.
List at New ftsh-Lia sidAt ion
IN the Advances.

Wheat advanced to new high prices
early In yesterdays session. 1t had
been predicted hat In the event OF
higher wheat levels a flood Of buying
orders would come upon the market. In
stead OF this there WIS liquidation OF
some important lines whenever Il favor
able opportunity was presented. Lead
ing bulls explained the substantial re-
action iron, the high points by referring
to the crippled wire service, which. they
commended. interfered with outsiders
taking advantage Of bullis, market
adviccs.
Not all Of the new was conducive to
higher prices. however. The Liverpool
market closed weak after displaying q
fair degree of strength. Foreigners
were said TO have been affected by the
prospect that Australia would ship 500
900 bushels OF wheat this week. Ex-
ports Of this quantity are not really lib
crai. especially as the Argentine ship
ments are Of negligible volume and the
exports Of American wheat continue In
excess OF a million bushels daily.
Whether the important English. French
and Italian wheat buyers have con-
tracted heavily for supplies now in Aus
traiis and Argentina is a matter Of con-
lecture. II Ia believed that the extent
OF the foreign wheat buying In our couD-
try will be governed largely BY the inn
porters' commitment In competing
tries. The export business here yester-
day was estimated at under jo0.o 900
bushels.
Those favcring hisher wheat price. we're
rendered quite enthusiastic early ycster-
dsy by the appearance OF the weather
map. Temperatures west Of the Mississippi
ranged from TO 20 degrees below zero,
he extreme Southwest excepted. In the
Afufaa pFara \ hatna ~ IN Ahnv. m ana
cifc complaints we're resistered. but 1t 10
thought that several dis,rlct. In virtually
wheat nelds or Icy lsnds. The icy lands
represent tho more detrimental conditions
for the new winter wheat plant, as smo her.
considerable land being abandoned when
spring comes. Hut the official weather
forecast for Thursday had prepared The
wheat trade for the severe cold.
Interior receipts 50 far this week are
only. slightly IN excess OF last year's total
or zoe Ces On:ssi'' q .sain'' 200, o.:
mai Is LOOKED for. The car situation is
have naturally taken from The hedge
selling In the various markets. Snow %
bsrsIs,,' Frazier a. 4 Go Places the whsa,
~S.s,. u. Ssur.. the .xpor'sSl. ."fpiu.
!. 10 js $500 ! 'G IS., S s.:4 H.. o PsG s"o I SS.S.i. Of
wheat we're exported from the United
states. but during that period Csrad
had comparatively little to ship. while
Australia imported wheat. These countries
have big surpiuses this year.
Corn-Nalues were raised nearly a cent
. bushel yesterday. but profit taking caused
occasional sctbscks. More shorts we're dis
turbed and the outside buying power con-
tinued fairly good. stronA foreign markets
helped the list. as there were numerous
export bids In the market and ~ was con-
coded that a large export business would
he put through we're the railroad and
stsa situations less distressing The
drought reports from Argentina we're re-
peatcd. SNOW says that the reserves on
American farms are 1850. zoe. 900 bushels
hut that only leo, 600, 900 bushels ara n:
Tor Ordinary uses. This amount l. about
the same as that available last year.
O~ts--A decided Improvement In the
domestic cash demand was reported by
some authorities. EXpor, ramors ver.
many. but the actual business vas placed
at only 500. geo bushels. Prices we're at
new high records. The covering Of shorts
~ss . strong factor In the rise % he
list snow placed the reserves Of market
hh'e oats q; s5s. 0oo. 900 bushels. ax.lns, :
tightly smaller amount svsila HE a year
ego.
Provisions-A much larger consumptive
'rsde IL reported. Speculative support was
also In evidence and tn. hog movement,
though large, H. still c~lnr well cared FOR
There was prom taking on the advances.
to new high ground.