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Show ILLNESS OF KAISER AFFECTS MARKETS News Is Followed by Downturn Down-turn in Price of Wheat in the Chicago Pit. CHICAGO, Doc. 9. Possibilities that the kaiser's death might lead to a suddon peace had much to do today with bringing bring-ing about a decided downturn in the price of wheat The market closed heavy, S&.lc to Uc under last night Corn iiri-lshed iiri-lshed 1-ltic to ic off, oats down irgc to ?,c and provisions varying from 5c decline de-cline to a rise of 2c. statements that the kaiser had pnpu-monia pnpu-monia and was in a serious condition made news regarding him become all at once of prime importance to the wheat pit. It was not, however, until the last hour of trading that his illness had any effect on the market, as up to that time the ailment was supposed to be merely an ordinary cold. On the other hand, traders here were quick to act on the idea that the treacherous nature of pneumonia pneu-monia might easily in his case result in more immediate radical changes of the European situation than the military outlook out-look had seemed to warrant. Tho selling that followed was shared In by some of the largest houses on change. Previous to the flurry about 1'mpcror TVilham'rf condition the wheat market had shown a hardening tendency, due to export ex-port sales, frost In Argentina and to talk of persistent lack of adequate inolsl ure for the winter crop In western Kansas. Primary receipts continued surprisingly large, but were perhaps -JuJly offset by reason of a big decrease In the seeded area of winter wheat in Russia. Export sales of 300,000 bushels made the corn market comparatively Arm, despite de-spite the weakness of wheat. Wet weather and the consequent lessening of receipts tended also toward Rteady prices, although al-though speculative selling caused at one time a moderate sag. Cats suffered from the rlowness of eastern demand. Shorts here were the principal buyers. Provisions bulged in sympathy with the hog market. The effect wore off, however, how-ever, when subsequently the advance at the yards was lost. RANGE OF THE LEADING FUTURES. Wheat Open. High. Low. Close. Dec Jl.ltU 31.163 $1-151 SI. 158 May 1.213 l.-'U 1.20 l.SOg Corn-Dec Corn-Dec 629 -2 -625 May CSi .6?3 .681 .68$ Oats Dec 47ft .471 -H 47 May 515 .51J .bl .514 CASH QUOTATIONS. Wheat No. 2 red, $1,1521.172; No. 2 hard, $l.l(i1.17&. Corn No. 2 yellow, old. &HC?(Mc: new, G2i(f7-f'3e; No. 3 yellow, new, 602ig. 61Je. Oats No. 3 white, 47i&47!ic; standard, 473 ft ib$c. Kve No. 2, $1.1011. llj. Parlev. 5S(d70c. Timothy, J5.7Stfr5.S0. Clover, S12. 00t& 14.50. , Pork, $16.50. Lard, $9.77. , Ribs, $9.1287. |