The sun., 1916-01-08
THE GRAIN MARKETS.
wheat Breaks ModersteIy-xov-
tious Trad~-Coru R...,.

| president Pierce Of Bartlett, Frazier
q 20. said yesterday that very hipb
wheat prices might he seen this wear
| as European stocks we're low and FOR
the immediate future no country could
| oe looked to for big shipments aside
| from the United States. The opinion
was ALSO expressed that In the event OF
e"ce no decline OF Importance would
Dc registered In the wheat list as Ger
many and Austria should buy enormou.
quantities of grain. while tonnage
rharges should dwindle so as to subs,an-
'iaiiy lower the wheat importing costs to
.ne foreigner. Mr.. Pierce believes that
RUSSIA mas not much wheat for export.
aiu tnat the areas for the new crops
through Europe are extremely nsht.
Ihe bartlett-Frazier interests are now
looked upon as the bull leaders in wheat
armour interests have maintained their
position on the opposite side, according
70 ths wei Informed. and during the
pas, rev days have been more aggres. I.
sive' They supplied the bull cliaues with
considerable wheat yesterday. and In
consequence the list scored a moderate
decline. Speculation bss been so broad
recently, however. that the market moves
more IMAM cent n bushel very fire.
uuently. II was noticeable that the eyi.
dence OF powerful factions being on both
SIDES or the market made for mora
caution among outside traders yester-
day.
Export news was conflicting som. au-
,horitics declared there was a prodixious
osi,nd useimand for the wheat that could he
shlpped within the next few weeks. hut
OF vessel room prcoludcd business, even
thoueh the wheat prices bid we're entirely
sttisia,tory Other dealers showed cables
indicating that exporters were both buy.
ms and selling cash wheat The fresh
business Nas placed at 600, 900 bushels
,anssds,reers" ~ ssa n exports for the week were
io.sss.ooo bushels. against io.3jO. .ooe a
year ago. when the total was sos. 900. 900
bushels against @i5.ooo.ooo bushels at pres
ship ns~s included another sensational
sdvance In the Argentine freight rate TO
me me sSuiv,lent Of 81 cents busheL ou
ofnciAl quarters that fleet OF lee ves-
sells with a capacity Of 10000. 900 bushels
OF wheat was bound for Australia
Lteht to moderate SHOWS fell IN PARTS
OF oklahoma. Kansas Missouri, Illinois
and Indiana yesterday. The snow viii ar
winter ahea, crop. The .Modern Nj Miller; "
notes very little winter killing to date
ea, comments % on the great numbers OF
Of the pest In Illinois.
torh-There was q decline OF about a
session, due yprin,ipaAy 20 the recession
In wheat and to the outlook for better
corn was less active and shorts appeared to
he resting more easily The initial advances
we're predicaied on the higher foreign
markets, fairly well defined rumorS OF a
iiGht export business At the Gulf and on
me ab>enrs OF country Offering. The re
reipts 50 FAR this week total $500 900
bushels, against similar total last week
and s.0o0,o0V year ago. Brdi.trseGs .x-
ports for the week were !. 900. 600 bushels
and since July total 7.0O0. .O0O, agains,
1000, 900 last year
osts-rhcre wac definite price ten
denCy The tone was regulated by the
action of wheat and corn. and speculative
trade w1s likewise influenced. lLEht ex-
port trade Wts reported No pressure was
its'erned III cash circles, however. ana
the receipt. from the country have shown
only small increas. over the recent
totals.
Provis.ous-The liberal hog movement
and the consequent hedge selling accounted
Tor the declines scored yesterday. Sps,u-
'auve support was less keen. Sentiment
seems TO h- rather bulllsh.