The sun. [volume] (New York [N.Y.]) 1833-1916, 1916-01-22
THE GRAIN MARKETS.

About three cents a bushel wcre
added to wheat values yesterday in an
undiminishingly heavy speculative
trade, made impressive by the return Of
prominent Western operators to the bun
OF the market. All lists were in
new high ground n virtually all of tho
big advances were intact at the close. The
renewed confidence among those favoring
Sl.4O May wheat at Chicago in the near
future was inspired by the realization
that there was still public buying of
wheat futures. with farmers following
This lead by selling reluctantly, so that
cash wheat buyers were literally COM
PEELED TO pay asking prices.
The various cash wheat markets ex-
hibited pronounced strength yesterday
In reflection OF the export demand for
wheat and four and the omnipresent alb
soiption against home requirements. II
was reported that the Italian and Dutch
Governments were In the markets for
round lots Of flour. these buyers hav-
ing been inconspicuous for some time.
The export buying OF wheat at all cen-
tres was estimated at 500, 900 bushels.
Europe Is still forced to look TO the
United states for important supplies.
especially as our wheat costs less thar
Argentina's when freight rates are rcck-
oned. Argentine freight charges rose
yesterday to near the highest on record
apprehension concerning tho new winter
wheat crop contributed 10 the strength q,
the markets Yesterday Rains have fallen
over practically the entire area and the
light snow covering has been washed
away. The official forecss, IL for a sever,
cold wave over the territory. but III.
was tempered by the possibility that snow
would preeede n violent lowering Of tom
perdturcs. The comparatively few IA thu
trade who are opposing the bull movement
earnestly hope FOR a satisfactory start o.
the new crop. as II f. known THAT the
acreage has been cut about l. per cent.
Bradstreet's exports for the week wer.
s,.tsON' bushels, against 9.5Go. 900 last week
S nn s'Sso;oGo 3 yS csc s ssS' since July eS,
:26. 100000 last year. Argentina shipped
100000 bushels Of wheat this week and
Australia is expected TO ship about $50, Oot
Corn-Largcr receipts and lower cable,
worked against corn prices here for a shori
time yesterday. but the market rallied
slowly with the great strength In the
wheat lis;. Confirmation OF export sale
Of corn al The Gun recently had senti
mental eHcrt, although the volume IN.
VOWED Was only n small cargo. DifacuIty
In arransing f~reights preciudcs a fair ~
Week Wee 500. 600 bushels and The shin
mcnts since July ! have been S,.OO,o0C
bushels. against 9,5oo.oo0 a year ago In.
terror receipts for the day were 100. ooO
against 10000 last week and i.5s0.O00 a
wear ago. The fresh country offerings were
said 20 be Of small amounts, due 80 the uu.
settled weather conditions In the West.
Oats-Some new high prices were
reached. hut proNt taking checked the AL.
vance. Export buying and short GOVERNS
were Of fair volume. The foreign akinr
were placed at 100000 bushels, INQUIRIES
here being for heavy quantities. 1t va,
evident that the big bulge In wheat and
lighter country offerings accounted for th-
greater part of the commission house de-
maud.
Provisions-Afer selling on sharply on
the large hog receipts and the fears ~ a
curtailed EXPORT trade prices made a Wig
orous recovery. Speculative demand i'm
proved after tho early LIQUIDATION. with
part OF the buying caused by the grain
strength. Chicago prigeS.