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Show WAR POSSIBILITY DEPRESSES WHEAT A Demoralized Traffic Conditions Condi-tions Also Have an Ad- j verse Effect. CHICAGO, Feb. Demoralized traffic conditions and the chances of a wider breach between Germany and the United States had a depressing effect tod,ay on the wheat market. Prices closed heavy, l&c to 2ic net lower, with May at 51.71 ?i to 51.717& and July at $1.47 to $1.47. Corn finished fo7&c to lc down, oats V&c off to a shade advance and provisions pro-visions up oc to 17Vi'S20c. Notices of fresh embargoes on important im-portant railroads sharpened the attention of wheat traders ro.iay to the increasing huge aggregate of cereals tied up in elevators' ele-vators' and on side track? here vainly awaiting shipment. One estfmate nut the total at -10.000, 000 bushels, not counting 50,000. 000 to 75.000,000 bushels additional which have also been deadlocked in country coun-try elevators, owing to a lack of available railway cars and locomotives. Under such conditions the wheat market showed ' a decided downward tendency the greater part of the day, with bearish sentiment evidently increased by reiterations . from Berlin that the U-boat campaign would be actively carried out despite the prospects pros-pects of actual war with the United States. Rain and snow in the southwest, where moisture has been below normal, put a--further handicap on wheat bulls and it was not until nearly 4c had been clipped from prices that the market showed, any notable power to rally. At that'' point profit taking by shorts led to ai reaction, but the market was again beginning to sag as trade came to an end. Corn, like wheat, was weakened by the paralysis of railroad facilities. Elevator companies headed the selling. Scantiness of offerings rather than ac-tivit ac-tivit of demand steadied the oats market. mar-ket. About the only; selling came from pit speculators. Reports that vthe Belgian relief coni-mission coni-mission had -ordered 20,000,000 pounds of meats helped to nit provisions. At first the market had been weak in sympathy with grain. " " -RANGE OF THF UEADING FUTURES. ' Open. High. Low. Close. Wheat Mav . ..51.72 $1.7 ?1.70t ?l.'71i .lulv . .. 1.47 1 . 4 7 T-s 1.4tii,s 1.47 Corn Mav . .. 3.oi 1.01 ii l.oot; i.ons' July . .. -903i .994 .9S?4 ,.09',s Oats May . .. .-"..i .5fi .r.r. Julv . .." .54"i .o4-"?3 ' .o3Ts .54 Fork Mav . ..29.95 SO. 05 29.R5 "0.00 Julv rJ9.40 29.12 29.40 Uard y Ma- . ..IS.fiO 16.77 1fi.2 1G.77 July . ..16.72 16.92 16.67 16.90 Ribs Mav . ..In. 70 15. R" 15. C2 15.32 July 15.92 15.90 . 13.92 CASH QUOTATIONS. Wheat. No. 2 red, nominal: No. 3 red. ?1.72l4'5 1.74; Nos. 2 and 3 hard, nominal. nomi-nal. Corn, No. 2 vcllow, $1.01 tfl.OlU : No. 4 yellow, 9Sc(fjSl-00; xQ. 4 white, 9V. Oats. No. 3 white, 56 'zc 57c; standard, 57Vv'5Sc. Rve. No. 2. nominal . Bnriev, Sl.notf 1.30. Timothv. S3. ."Of? 5.50. Clover. $12.00l7,l$00. Pork. $30,011. Ufu-d, $16.67. Ribs, $15.3215.87. l |