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Show SOARING PRICES INWHEATMARKET Chicago, Jan 8. Wonderful hroad-enlng hroad-enlng ut of export business, together with (hfi war-like answer which the entfrit allies mad.- on last Saturday to thP peace offer from Berlin, have resulted in soaring prices for wheat since a week ao, despite announce-nmnts announce-nmnts rrom Washington that President Wilson would make a frsh effort to end hostilities in Europe. Net advance? ad-vance? in wheat values were f) 3.4 to 10 3-8 cents. Torn gamed 5 1-8 to 5 n-8 cents, oats L' 7-8(5 3 to 3 3-8 cents and proisions :2 l-l' cents to $1 07 L-2. Removal of any immediate danger of trainmen's strike helped to start matters auspiciously for the wheat bulls, and so. too. did a larger supply of vessels at the eastern seaboard Evidence of diminishing congestion of railroad freight facilities was of further fur-ther assistance to the advocates of higher prices for grain, who signalized the close of 1916 by rushing up thp December option on the final day 01 seven cents a bushel. Owing to intervening in-tervening holidays, excitement over the answer of the entente allies found no vent in the market until Tuesday) but then values were hoisted again as much in some cases as seven cents Wednesday and Thursday witnessed the greatest effect from the remark-able remark-able enlargement of export business to totals said not to have been equaled ' since the beginning of the war Renewed peace optimism based on Washington gossip as to President Wilson's intention dominated the wheal market throughout Friday for I a brief period in the preceding ses-I ses-I sion. What chiefly seems to disturb would-be buyers was the chance of wholesale unloading of American holdings on the part of European interests in-terests should peace hopes prove true. Big purchases of corn and oats for the entente allies had a decidedly bullish effect on those cereals Besides, Be-sides, ihe corn market was strengthened strength-ened by the fact that the British government gov-ernment had taken control of the entire en-tire supply of corn In the United Kingdom. Provisions made gains largely on account of the peace news. Earlier the market was depressed by the monthly warehouse report showing a big stock of lard In Oilcago |