The New York herald. [volume] (New York, N.Y.) 1920-1924, 1920-11-06
GRAIN MARKET.

The wheat market was only moder-
ately active yesterday. during the great
err part OF which prices were weak, clos
ing near the lowest with net losses OF
TX to 2k cents An advance around
midday sent prices to above Thursday &
final on reports of export operations,
which were estimated as 100000 to
100000 bushels, but. as a rule. the
trade took bearish view of the weak
ness in foreign exchange, which was ex-
pected to prove further barrier to ex-
port business.
The holding movement on the part of
American farmers Is believed to be a
failure. At any rate. the Kansas City
cash market was weak, at to cents
lower. while Minneapolis was ~ cents
lower, American prices are evidently
coming down beneath Canadian compe-
tition, and American flour is being Of
fered about on an even basis with Cana
dian. Only q short time ago they were
about 81 a barrel higher.
Advices from abroad were not very
encouraging for future export sales, as
Argentina and Australia are beginning
to offer wheat for January February
shipment at prices considerably under
American and Canadian quotations. Un-
der those conditions. the trade could see
little in the situation to encourage ag-
gressive buying except that sentiment
recently has been bearish, and the mar
ket's technical position was believed to
be stronger.
In Chicago there was further narrow
ing of differences between December
and March contracts, which was taken
to indicate that the trade anticipated
larger arrivals Of wheat there and be-
lieved that the short interest In Decem-
Der was not as large as had been stated.
Continued small receipts of corn at
primary points again gave the corn
market a show of independent strength
az far as the December position was
concerned. as shorts in that month were
nervous and inclined to cover. The late
positions, however. showed little no.
change. although late advtces from tho
West said that longs there were selling
r,ore freely toward the close. Receipts
have fallen of very sharply this week
!he movement for Ave days being 1900
100 under that Of last week. indicat-
ir6 that farmers were busy husking
the new crop and not marketing freely.
Supplies are still large, however. and
sentiment generally WAS inclined to
lean to the bear side for a long pull
The oats market was very inactive.
but although the action Of corn had a
sustaining influence at times, the un-
dertone was easy, owing to continued
light stocks and an almost complies
absence Of export demand.
WHEAT-In the local cash market No.
red and No. 2 hard were quoted at S2.2Oh,
c. I. T.. Now York.
CORN-In the local cash market No. yell
low was quoted at $1.14A; No. mixed,
$1.13M. C. l. T.. New York. ten days ship
ment.
OATS-The local cash market was easier.
No. white quoted at &c.: No. 2 white.
ETC.: No. 3 white, &C.,. No. 4 white. Csc. /:
fancy clipped white, TIC; ordinary clipped
white, &C.; all elevator.
RYE-Market easy: No. Western, 81. 1854
(. o. b., New York. and $1.s3N c. 1. T., do
nestle.
BARLEY-Market dull; feeding sl.oa1i 05
and mailing $1.13@1.15. C. 4. T.. New York.
observation-disclosures dull; milling. $500
a 100 lbs.
HAY--Market quiet: No. 1, $202. 10: No. Q.
81 .90@2; No. 8, $1.75@1.95; shipping. 1850
Its.
sTRAw-Market dull; No. rye. $2192s a
ton.
Wheat Including flour exports for the
week, according to Brddstreefs, aggregate
i0.370.554 bu.. against 1854 1896 the previous
week and 4.505. 254 last year; for the season,
1s0.531 .761. against 113. 292. ATT last season.
Corn exports for the week. 500. 400 bu., against
285.e33 week ago and 2,607 last year:
since July I. 2.569,l against S84.645 last
season.