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Show HEAVY DEMMD FOR , WHEAT FROM EUROPE Market Rallies After De pression Caused by Bear News from Argentina CHICAGO Dec 24 What ehowed good rallying: power toda(j af er the fact became evident that European demand has not materially fallen off desD te Ar gentlna advices faToring: the bear bide The market closed steady at a shade de cl ne to Jgc ad ance compare 1 w th last night Corn wo nd up v tl a gain of Stejc and oats of 3c Tl e outcome in P ov s onB was unchanged o 10c hlghe Export houses watched the! chance and promptly took offers f wheat as soon as tl e market had undergone a set back. The downturn des red by he rep resenta 1 es of fore gners came early as a result of a deel Tie of 2c at Buenos A res, where in addition to favorab e weather for harves e t mates of a b g expo tab e surplus had caused depres s o wh ch -Ras inc eased by a most pro-hib pro-hib t e rates for vesse room to Kurope. On the other hand the bullish reaction her was accompan ed bj announcement that export c earances from the Ln ted bta4e8 during the last t vo davs 1 ad amounted to as much as 3 oOO 000 bushe s Friends of high prices were g at f ed o er the fact that wheat today at Min neapolis touched SI 45 a bushel over topp ng all pre ious records The Ameri can supp y of th s grade is said to be now virt a ly exhausted the reauit of ro nense purchas ng for Ital It was est mated today tl at the Ita an go ern ment had bought ln the Ijni ed States 30 000 000 bushe s of all kinds of wheat so far th s season and wo id need as much more in the future P edict ons of nsett ed weather helped to broaden the demand for co n Rural offerings ont nued to be ess f ee than was expected Oats hardened v. th corn The ch ef feature was tl o buy ing of Mav by cash houses. Tn p o islons t e all f on outs de in terests more t lan off e hed ng sales by packers Gran concerns led tie buy ng RANGE Or THE LLAD1NC tTTTtmr-?, "Wheat Open H gl Low C o e Dec 1 26j (i hi 1 ai $1 26 May 1 281 1 9J 1 Si 1 '3 Corn Dec. 65 661 Go 3 661 May 718 i IS ni Oats De 43 4"i 4s in May o-il 31 51 ooi Cash quotations TV heat No ed $1 255?: 61 No hard $125SSJ126! No no hen ?1 S Corn No 2 yel on b61g67 No 3 je o 6ol6rj Oats o 3 w te 411 1 91 standard 43io0i, Rye No 2 1 111 Barlev 60 1 Timothj 55 60 Clover 5 6016 00 Pork SI 00 Lard $10 3 R bs ?9 10 37 |