South Bend news-times. (South Bend, Ind.) 1913-1938, 1914-11-13
PRICES SENT UP
BY SPECTATORS
Foreign Trade Takes Up Offer
IngS and Sends Quotations
Higher-FaIIing Off in Long
Grain Movement.
BY JOSEPH f. PRITCHARD.

CHICAGO. Nov. 13.-The specula-
tive grain list ruled higher. the ad-
vances being 1-2 a S-4c for wheat. IS
a Use for corn and 1-2 q 5-sc for
oats. While the average professional
in the wheat market sold his grain on
the widest kind of rumors that peace
is near at hand, the foreign trade alb
sorbed the offerings on the soft spots
and then bid prices higher as the day
wore away. IL was a market where
the average room trader regretted his
action on two occasions. First he dis
posed OF his long grain at a loss and
then he was obliged TO even up his
speculation at another loss.
a feature of the wheat market on
Thursday. and II could be called a help
to the bulls, was the falling off in the
movement OF this grain to the larger
markets Of the country. At primary
points there was a decrease of $780,
600 bushels from the receipts of a
week ago at 2,157,000 bushels. This,
however. was 900, 0GJ bushels larger
than for the corresponding day last
year. Considerable snow has fallen
in the spring wheat country and 1t is
said that the movement from country
elevators as well as off the farms will
show a still further falling off, but
viii deliver more freely as the present
price rather TO their liking.
The sales Of cash wheat in all posi-
tons today were up around the 1.750,-
geo bushels mark, OF which $40, 900
bushels were credited to Chicago, but
out of this amount there were 10000
bushels taken by millers.
Liverpool reported wheat Cargoes as
more freely offered at declines of Sd
per quarter, with one sale made at Cd
loss. Spot wheat at Liverpool was IN
changed 10 l I'D lower with cOnsid-
cradle pressure on No. Manitoba
Exporters were again eager buyers
of old corn and they willingly paid
the prices asked for the same. It was
reported in cash corn circles that the
offers of the new crop for export have
been turned down as low prices. The
country sales of new corn have not
shown the increase looked for, as con-
ditiOns as 10 quality of the new crop
have been materially helped by the
fine weather. Farmers are busily en-
gagged in husking corn and to this fact
may be attributed the lighter receipts
than expected. Primary receipts on
Thursday were large at 721, goo bush
els against $40. 400 bushels a year ago.
Cash sales were 100000 bushels Of
which 100000 bushels were for eX-
port.
oats ruled strong under buylng by
not only shorts. but investors who be-
lieve that the price must again as
sumo a stronger position. The export
takingS here were 100000 bushels and
which included 4S5, 600 bushels in all
positions. 1t was said late Thursday
that New York held buying orders
there for 600. 300 bushels oats for eX-
port. hut that il was impossible 10 fill
these orders.
There were further advances in the
provision market because of the high
er prices for hogs at some Of the west
ern points and the strength in the
grain markets late. The demand was
largely for January ribs and pork, as
well as for May pork. Shorts were the
principal buyers OF lard. The cash
trade in meats continues 10 improve
and a brisk demand for lard for i'm
mediate shipment continues.