The Paducah evening sun. [volume] (Paducah, Ky.) 1906-1929, 1910-12-20


Isponslble for the rally. A good adj
vance at Liverpool had considerable
effect on the trade here. There were
claims of floods in Southern France
and Italy, and 1t was claimed that
rains we're falling in a part OF the
harvest section of Argentina. Later
Icables, however. showed that all the
Icontinental markets we're lower and
that Buenos Ayres was weak. The
same cables reported harvesting pro-
I,gressing favorably, with threshing
Ioutturns favorable in the north. Lack
OF outlet for American wheat was
plainly shown in the visible supply
statement The Canadian figures
made the same kind of a showing. b.
Dizziness, approaching stsgnation
prevailed in the wheat pit all day.
The entire business done in the wheat
lpit by all of the commission houses,
brokers and spectators would not
have made a big day for any one OF
1.-The private wire concerns The bears
Iwere without a leader and scalping
spectators in the pit we're inclined
20 go TO great lengths in combating
the bulhsh attitude shown by the Ar
Imour-Lichstern forces. Although
Try weather prevailed over Oklaho-
ma and most of Kansas during the
week, the area OF drouth in the win
ter wheat section was decreasing.
II IaI TN
ern Nebraska had fine SHOWS and
there was light snow ! in Western
kansas.
| Shorts Frightened.
| Steady hardening OF wheat val
nes was seen Wednesday from the
start The creeping advance fright
sned the shorts, and towards the
lose of the session they were COM
betting with the bulls for the moder-
ate offerings. There was every in
iication that the concentrated hold
ng was forcing the issue. The sell
ing opposition was scattered and un-
Important The bulk of the days
news was of a bearish sort, but II
was given scant attention. Receipts
10Th northwest and southwest were
anger than a year ago. Total pri-
nary arrivals we're larger and ship
nents smaller than last year, and
here was a poor cash demand both
1ere and northwest.
On Thursday wheat opened weak
and finished easy. but in the interim
made a sufficient show OF strength to
brighten a great many shorts into
covering. Buying by the influential
longs impaired such strength as
here was following an easy opening,
this resulting f. forcing many shorts
20 cover. With the exception of con-
inUed dry weather in parts of Kan
sss and Oklahoma and general firm
,iess in the European markets, the
lews OF the day was depressing.
Trade was rather limited In vol
ime on Friday and the market was
heavy in tone. With the exception
Of an unusually high estimate on the
'xportable surplus from Argentina.
he news of the day was unimportant
md colorless. There was consider
lble selling of wheat here for for
sign account, although none of the
Transactions reached large proper
tions.
Corn started the week strong and
Il little higher. A modest advance.
! however, brought substantial offer
ngs from the country houses and
arger local Spectators. The market
gradually settled. sagging under the
weight of the big movement from
he interior to this and other western
markets. Both Illinois and iowa
were consigning corn heavily. Al
though there was quite an active
trade in oats at times during the
week. price changes at the end were
unimportant. Quite a quantity of
oats were bought at Minneapolis dur
Ing the week to be brought to Chi
caRO and delivered on Dacamhar