Show MOVE FOR PEACE JOLTS STOCKS AND WHEAT Losses of Five to 10 Ten Points Registered by Leading Speculative Issues Grain rain Tumbles Ten en Cents a Bushel N NEW r ESC YORK Dec 12 Unsettlement 12 bor bordering upon demoralization overtook O the stock market today on announcement of peace e overtures o by bv ay Germany and her allies Losses Losse of 5 to 10 points were ivere sustained by such speculative issues as us Un United States Steel Crucible Steel New York Airbrake Utah Copper Central Leather r International Paper and ad Americas American Locomotive Locomotive tive the while Bethlehem Steel declined 27 i points Gulf States Steel 19 and Industrial In- In Industrial Industrial In In- Alcohol 13 Bankers whose conn connections with the central powers are admittedly close made no effort to conceal their surprise surprise sur sur- prise and the powerful interests representing tho the entente allies seemed unprepared unprepared unprepared un un- prepared for Cor tho the news Neither of ot otI I these thee groups would discuss tho the peace proposals but the inference gathered gl was n that tho the entente allied powers would not seriously entertain negotiation negotiations negotiations tion at this time In so-called so neutral quarters the opinion was expressed that Germanys Germany terms were far more moro comprehensive than had been expected Nevertheless 9 It pe seemed mc to be he the more general l opinion that tho the psychological moment for a CL peace meeting was WaI still some months off In this thia connection notice was taken of or the tho fact tact that exchange on Germany German and Austria today moved further aWa away from those countries than I before with recurrent weakness in In rates on Italy and nu Russia Russia- sh shand and a u now new I Ilow low quotation for French Anglo Anglo bonds Some Borne correction ot these adverse conditions conditions condi condi- was noted noted before the end of the theda da day Wheat Touches tI Bottom Ie Jcl tI Chicago Dec Ucc 12 Wheat 12 Wheat values plunged wildly downward twice to today to- to day lay first first on account of or Germanys Germany's reported overtures for fOI peace and secondly secondly sec sec- owing to traders traders' assumption of ofa a u. likelihood that tho tiro character of at the tho terms terms reported to have been offered for discussion would bring about an nn acceptance breaks in price pricer reach reached ell Hi cents a n. bushel and v were ere eren n accompany ai d by tran transactions amountIng amountIng amount amount- Ing lug to millions of bushels Closing quotations of ot the day were at ot nearly nearh the bottom level tevel touched with the marko as a aholo whole holo 41 I to under yesterdays yesterday's finish Hesitancy In the tho J 1 wheat market after the first break In prices price was the result die of opinions ex expressed expressed ex- ex pressed b by leading traders that a re refusal refusal re re- on the part of Great Britain and her allies to treat on the tho b basis ls of ot the supposed German offer would doubtless doubtless doubt doubt- less loss brIn bring about a 11 sharp rebound in wheat prices whereas an any Furious peace discussion might cause a materially low lowrange lowrange range of ot values Corn and oats felt the effects of or the peace news to a n much less lens extent than wheat Pork and ribs also were comparatively comparatively com com- stable despite the tho excitement excitement excite excite- ment In wheat On tho the oth other r hang hand lard Jumped up 65 5 cents for tor the da day the general idea being that big ship ments of or lard would be bo wanted in central central cen con Europe If the tho movement for tor peace pence proved a n success |