The sun. [volume] (New York [N.Y.]) 1833-1916, 1916-02-11
THE GRAIN MARKETS.
Sensational wheat DEALINGS
CIiques on Opposite sides.

There have been many occasions of
late when the wheat fluctuations were Of
greater size han those Of yesterday. bu
there have been few times when the
charges in the market were so violent.
Nothing unusual was witnessed IA tn"
opening dealings, the market starting
fractionally higher on the firm Liver
pool cables. Powerful Western traders
Immediately resumed their aggressive
ness on the bear side. however, aud tho
quotations tumbled about I cent. n
bushel. with scarcely a halt. II wa
said that the clique not fdvofltg inc
high prices d.scerred efforts on the part
Of some of the prominent wheat holders
~ unload and that this prompted their
raid oil the market. The movement
proved rather timely, az The market aiI-
peared to have been honey conbcd with
stop loss ordere.
Private reports from the West are
that strong s~peculati,. int"rsits are
on opposite sides of th. market. Ar-
cording to the advices, the Bartlett
trazier-Patten-Cutten traders sIc work
ing for an advance, while the Armour
LichsterH interests are their adNerSaric-.
The former group has been eminentlN
successful In the past few months a. .
result OF the continuous deina nd COR
wheat from foreign, quarters, rejecting
the inadequate chipping facilities at
~Ars, and Australia, and also be-
caus. Of the COZ tideice aud activity of
'he public and the farmers In the recent
bull market. outsiders often bought
wheat freely. while the grow ers have not
been eager sellers. The uncertain start
OF the new winter wheat crup hats been
another advantage to the Bartlett follow
ing.
At pres-u; the sentiment In public quar-.
ters L. not so bul!ish Oh wheat tui the
buyers are more cautious Neyerthe,-e.
the drastty break " yestnr4Hy. whi,h
thought prices 10 to "a. under The highs
II the season. made ia early February.
iuspircl some commission nous" buNItg
and quite = little covering tor large auI
.msl -norr Afier The m.rtg, nol ts
so In, the finals for tho session being With
OUT important net change despite th" tusN-
ever % millions OF bushels Of contracts
news dominated the price change yest~r-
foreigne-s u.r. credited with taking
about 800. 900 bushels os our wheat autins
The tIrinO... Broomhall cabted that Tor,
eisn wheat Importation would itu'Ir. "a
90, 100000 bus hels this season. tgalu-i
us earlier estimate OF 5VS. Uru. Uvp h..rhs'-
rms revised estimate s. rather nl..l7A 10,
whoa would be shown. l. &C. Il question
Of shipping mo ls".ooo.o V0 h.shc- r,e.'u MS
n Australia h.i irgeutua. luN"sr- ~.
%Etntlna 8, 'Np',t'. to sHii, un|t 30 uOr
bushels o. wheat this wcea ughIrs' I4s.
V'" 4 Ne"r 40. sui tho Australian week )
'Nppr;s are gue>.'4 at ou.N Jyu.u' bush
e. Nor'h America. on 'he oth'' LtuI
WILL snip about 5000. 900 bushels .thL
week
corn Although th, severe d..iu. &,
"a" wheat ut shvo.H uut som" sp-, ulrtI,,
u''ueFe % corn hLd pr'.ss lurt pt-' %
-" early sg'',tDr- 'h, .-' .uuI .,. u.efp.
HHI '.ps''i arm Report. Of export b!~.
b H"ss %; about 100. 1000 huett..- ana fIup-
90 additional foreign .rkur~ o.,rua.
snort. There Wer~ aiNu;,es - 90. fr 3.
hi-Nel ~ the LIvcrppr. cash ut,ik-.
h~r'''uIti aceu' es'4Uutf,l o., t,fu ,>
portable surplus ~ Argentina o. .. uut.
1000 h~u>lir.s, against about t,u.puu. Uu
hI~hNis for ne season to end April I. .,l,
%pln'fy selling wa wei taken aud 'H
interior receipts of N2'o 900 H.-hel.
sssins' 81" 600 last week aud $50 .uor
year ago. o.us-d 10 pressure 80 .''rn.u
T. ,"rE H-'h mixed at r-e.,ut. 0lth "a
H"l"rt opinions r-u!er"i 'I' more U'I
'"rtHiu because ~ the cinuI~l pn"a. 49,
ustiou.
pats III. narke. responded %, ~. shaf
pr" in"'-neu's "a other era'us Sy,.I
'''l"n "s- fsi- ~stiy" and mixed. tA.r
va 'ght country selling. hu' 40 -
offerings arr GENERALLY a4suppuirt.ts x.
90" pit ~ fSr this W X total oult $685. co.,
bushels. asnins' 1880 600 last week ar
-.S"O, 600 a wear ago. No important rNuor
business whs reported Yesterday. .
troN .sious-h better ,ush demand ~
meats was reported. Packers ant shoe.
fought freely. The irregular s-a!n mar
hets resulted In q mixed speculative trad,
chicago prices.