OCR Text |
Show 1BIBGJ MT Market Is Easily Affected and Transactions Are Reported Re-ported Light, CHICAGO, Doc. IS. Vary In? opinions rr-f?ardln the chances of peace former the basis of most of the .speculative trading in wheat today, with Increased pessimism at the end that J.loyd George's reply to Germany would not point to a speedy stoppage of tiie war. Quotations closed stronz to 2c net higher, at ?l.f!4' to Sl.H4-?i for May and 51.3s to SI.mS-'s Mr July. Corn gained I'ic to 2M- and oats vic to r. In provisions the outcome ranged from 15c decline to a rise of 21,3 c. At first the bears hart the advantage in wheat. Confident Gorman assertions that a je'e conference would assemble about January 15 ami that hostilities would cease wiUdn ninety d-ays put the market on the down-grade, and It was not until a friinntanf lal docline had been registered that buyers beiran to take hold more free-Iv free-Iv and to bring- about a rally. 0ubsc(uenty otlier 5;tgs look place 86 1 result of a bis increase of the United States visible supply total, and because i the government crop report showed a material ma-terial enlargement of the domestic area planted with winter wheat. As to the greater acreage, however, there was pomethlng of an offset In the fact that the condition of the crop was shown to be tho lowest sin'-e 1911. In the late dealings sentiment concerning concern-ing the peace outlook seemed to have veered altogether away from the opti-niisilc opti-niisilc vicwH current earlier in the session. ses-sion. Published London comments were in terpreted an almost uniformly adverse to hopes of a favorable response to the German proposal. Til addition, possip was current that big Turopean orders for flour were in the market, a circumstance which appeared to be evidence of probable continued fighting. Complaints of a scarcity of railway cars at rural stations had a bullish influence on corn. ISesldos. tho weather was such ns to increase feeding on the farms. Oats Kept within relatively narrow limits. The comparative steadiness of the market was due to covering by shorts whenever prices tended to fall. Provisions, like wheat, fluctuated in value, mainly owing to assumed changes in the peace- outlook. Trade was light and the market easily affected. RANCH OF THE TEADINO FTJTTJRES. Open. IliKh. Ijdw. Close. Wheat May ....$t.fiP) $1.61 V-Wt July 1.36 1.88 1.84 1.38 Corn Mav rlL .9fl?S .91a; .fl3 July 91 .W, .91U .927 Oat Wav .R3 .52 .53 Julv .51H -&0 .51'4 Pork-Jan Pork-Jan 2fl.R0 25. Ro 2ft. W 2fi.S0 May 29. 45 29.55 26.45 38.60 Lard .Tan 15.Pt J 5. 15 15.93 16.00 Wav 16.95 lfi.05 15.95 IS. 02 lit lis Jan ,...13.2 13.75 13.80 13.72 May ....14.00 14.10 14.00 " 14.07' CASH QUOTATIONS. Wheat--1Vo. 3 red, nominal; No. 8 red, Sl.fift: No. 2 hard. $1.64; No. 3 hard, nominal. 1 Corn, No. 3 yellow, 93U.'jW4c: Ko. 4 yel-ttf.JL.- 91$'f2c: No. 4 white, 91S93o. f i-ats. No. 3 white, 61 QaSyio; standard, WL I 1 .t (fi-52c rLv. Ko. 2, $1.3R. 1 Harlev, SScflflti.L'O. ITImothv, Sil.onfDn.Sfi. '''lover, $12.(1017.00. Pork. 52S.no. Lard, $15.5016.55. Ribs, ! |