The sun. [volume] (New York [N.Y.]) 1833-1916, 1916-01-11
THE GRAIN MARKETS.
Whest slumps-Sentiment thans.
ing-Corn ne New Highs.

The recurr nee OF weakness in the
wheat market yesterday was not wholly
unexpected. II was known for several
days that certain large interests had
abandoned the bull side and were u,iliz-
ing bulges In the list for the placing OF
short lines. Forenoon gains Of / to /,
cents a bushel were followed ny u late
slump which carried values of . to os.
cents and closed tn, list rather soft.
The news advices were mixed. hut the
preionderance of speculative effort was
easily on the selling side. This force
might have been mitigated had iinpor-
tart eNport buying occurred, but II de-
veloped that purchases by foreigners did
not greatly exceed 100000 bushels. even
though there We're several inquiries o'
magnitude here. 1t was tn. firm cables
from LUs rpool and the sympathetic in
ftuenCe OF the strength of the corn mar
k.t that impaired the early firmness To-
our wheat market.
The statistics were an enSumbrance
TO those %favoring higher wheat prices.
About 2,5"o.no0 bushels were added to
the visible supply In the past week. bring
ing the total to 5000. 400 bushels. or
equal to that OF "A wear ago. The worlds
visible supply statement to-day is "
pected 10 show an increase as stocks in
Canada gained 5000 600 bushels IN the
week. There was a larger movement ~
wheat at the Southwest. which resulted
in No. . hard wheat at the Gulf selling
At . cents under the basis Of Chicago
May. a discount larger than quoted
heretofore on this crop The total move
msnt was 2.2o0.0U bushels. agains,
1850, 600 a year Z
\ cold way" i predicted FOR the Hlnter
wheat belt, and som" damas" - unpro-
teCted areas l. feared. SHOWS are fore
cast FOR parts 81 the country. howrv.f.
E.HfIsT green IIIs FAnt.IAlFH "a "a frATtt
T~Nss and oklahoma Yesterday. hu' these
we're not q new topic t. the trade
'oru-hft"r scoring new htfh prices for
the season, IN" market closed nervous and
easier a. a result. OF the closing reaction
IN wheat Many shorts wcr, dri, en- TO
cover. dri for a TIM. especially during
ne carry dealings. fresh Speculative de-
mand Was active. The lack Of important
country Offering, and Tn" many eNpor,
bids here helped tho market on account
Of the scarcity Of freight room and the
uncertain condition Of tn" new crop. the
actus! foreign business Has light. For
"%isn"r- bought contracts ~ Chicago during
the session.
DESPITE N. pro.pect q stormy weather
sell more corn this week. hut as many
buyers have been AWAITING q larger move
nished the balk Or ,hs selling durins. he
bushels. against 1000. 900 IN the rrece In :
week and "a. 900, 900 last year.
Oats-A liberal export demand was re-
ported yesterday. hut Hs In otho- grain
there wa. difficulty In Communicating
trades. The market was quite arm In
sympathy with the strength In corn Hedge
selling II Sill p tivaly 'i.ht The
visible supply stocks total 90, 200. 900 bush
els, against 81. 100, 900 In the previous week
and $1,000, Don a year ago.
Provision--The record movement Of
hogs continued, but product, values were
not depressed. Packers and speculative
Interests We're the main buyers Some
prot' taking developed with the late re
'essions through the grain list
EIL.aun- nrinau.