The sun. [volume] (New York [N.Y.]) 1833-1916, 1916-02-19
THE GRAIN MARKETS.
wheat HiGher-Liverpool wheat
Ai9hest IN Forty.Axe Wears.

The revival Of the export demand for
wheat accounted Tor the higher prices
exhibited at the finals Of yesterdays
session. This foreign absorption inn
parted confidence to those ~favoring
higher wheat levels and served to in
crease the speculative support after the
erratic price changes of the fore part OF
the session confused sentiment and
operations. Estimates as to the export
business centred around 100000
bushels, the takings including about
100000 bushels of Manltobas.
The strength in the foreign markets
h undated. At Liverpool No. l North
ern Manitoba wheat SOLD at equal 10
t2.11. This price IL the highest In about
forty-ive years. A year foreigners
were compelled to pay higher than pre-
vailing levels for wheat. blu at that
time the freight charges did not figure
to near the present basis Of AZ to az
cents n bushel.
!. It will be recalled that the bull move
ment in wheat last season gained In
force when II became apparent that the
buying OF American grain did not sub
! side with the release OF the Argentine
surplus, 80 that the export den,and here
In the near future will be closely fol-
lowed. with the hope of weighing the
effect Of the big SURPRISES in Argentina
and Australia just now. A logical sup
position would be that sooner or later
the 40. 00O, 900 bushels Of wheat avail.
able in the southern Hemisphere Will
| check the European assimilation OF
wheat in North America but II 10 largely
a question Of freights. and thus far the
tonnage supplies at Argentina and Aus
tralia have apparently increased only
moderately.
Argentine wheat shipments were .,tc ooo
total 10 5.73t0W bushels, AGAINST 900 .
year sro. The wheat and Hour exports
disappo S9,rinm H AZ s'se.eS bnshei.' against
io.:7o!oo 2 year ago; since July ! ,n nsS
july hes, a, Chicago was relatively sfrons
yesterday. u was evident tha, th: unisvTr'
IVES, was leading 10 undoinS OF, spread,
involving the purchase OF July and al.o 70
irs.h :pscnl..iye Say'ns cD Tsn n,,,on 81 1s, pri'
vafe reports indicating that climatic .osii
tions Of late have been OF q sort condu,lve
TO extensive winter killing IN various sec
tions OF the country.
M predictions made about a week ass
for an expansion IN the farm movsm.m
have materialized in the form OF increase,
re,r,pts. but II 10 believed that the rAtem
OF the movement! after early March VIII ~
progress. Receipts 60 Tar this week amount
10 $4,000 bushels. against $4,000" last Nets
and <.SD.0r0 = year ago a compara',Ns.
hrarish visible supply statfa!ent - lore
Swallowed for Monday .,
Corn-Larye receipts OF corn at in'erio,
po,rta, pressure of low grades. s1gglh- %
wheat values az the outset and EASIER cnrl
cables we're factors AGAINST the MARKER io
a time. A substantial rally en-ued, howeV,r
With the late rebound IN other grains ES
mort busjuees of @at 0ul bushels vac IMPORTED
The exports OF corn for the week total l..s
op bushels, gains i.aH.0o n year a.o Tn'
quantity sin,p July | was T. 0tv"p nilshels
compar,d with li.sslNO last year The IN
lief that the country movement OF the lowe
grades of corn Will H. ~ heavy ~ tines
prires Al. the car facilities Will perrht linili
enihustasn on the buying side At present
SO far this week the rcc'ipts have. o~!
2 i0n,,J bushels. AGAINST ,.c'"p a week AZ
AMI 1880 last year -
Oats-1he trend in IN" hst 70 SIN oir"''e'
nv the changes in other markets AMI eI*'
ulajy,. =. eminent IL governed aSOruin-IN
Runor- of export business could ro' We cor
frmed. although interests in position !
know said that a few foreign inquiries. wer
!. h-r~ during the day south western al'hor,
ties are again referring to. the large amount
. rener,liy con~Siet that on q purely sta'i'
, ,,cal analysts supplies promise to BE- lsera
AZ the end Of the season. Large Westrr
ca.h houses sold the market frequently ys'
terday uxu 4,
mand wrrr current. The buying in the Us
/, waa for packers AMI shorts. FAR szeu no
: r~|elpts were we'll cared Tor.
q Nk,,~..n srrtnAs