South Bend news-times. (South Bend, Ind.) 1913-1938, 1915-03-07
SHORTS ARE NOW
IN GREAT DANCER
If Conflict Abroad Continues
for Another Month or Two
They viii Have to Settle.
Can't Secure the Grain.
BY Joseph 7. PrItchard.

CHICAGO. March 6.-There is
great danger on the short side of May
wheat-provided the conflict abroad
continues for another month or two.
1t is believed at Chicago that the hogs
Cf May wheat in this market are con
centrated and that with the stocks Of
that grain down 10 bed rock and no
possibility Of escape for the shorts
via "the delivery route" the pit will
De the only place where they may even
up their positions. unless they are
able % make private settlements with
tire longs.
The weak kneed longs in May wheat
have been driven out Of that market
by the most sensational price sreces-
siOns seen in the Chicago pit i'm years.
The price losses have been more OF
q sensation than other wise because
Of the fact that while the May and
July futures were ON the tObOggan
and sliding downward swiftly the
cash article held up In price and COM
manded fancy premiums over the
May.
In the event of a possible falling off
ia the demand for cash wheat, the flu
lures are not likely 20 sell much lower
until after the new winter wheat crop
hum Of the reaper is heard in the far
southwest Conditions abroad are not
as favorable as many believe them 10
be IS In some OF the countries at war
as well as some at peace the acreage
seeded TO grain has not been as liberal
as foreigners are trying 10 make peO-
pie believe. Ever since the allies have
been bombaTding the forts Of the Dar-
danelles the importing countries have
attempted TO create the impression in
North America that the Russian wheat
viii soon commence 20 move TO cOun-
tries now in need Of it
Br0Omhau. who IS considered the
best foreign authority says that it VIII
be some time before the wheat now
held in Russia can possibly be placed
on the waters and headed for the inn
porting nations and that il VIII take
some time to land il in the nations
making the purchases of this grain.
Exporters have secured the United
states and Canada for wheat and the
export transactions have been retard-
ed by the smaller offerings. 1t is gen
orally believed that the amount of
wheat in the HANDS of farmers of the
United States IS even smaller than
some Of the estimates sent broadcast.
The actual stocks on the farms as re-
ported by the government will be
made public tomorrow.
The export takings Saturday at the
seaboard were reported at 100000
bushels in all positions and the sales
at Chicago were only 20, 600 bushels
hard winter wheat for export.
The local speculative crowd in corn
and oats favored the bull side of the
market and generally speaking they
were all long on those grains at the
close today. Advances were shown OF
3-4MI1Sc for corn and - al 7-ScNfor
oats cash sales of corn here WIRE
10000 bushels and of oats 2O5,09G
bushels. with $4,000 and 10000 bush
els respectively, for export.
Provisions gained in price in sym
pathy with the advance in the grain
markets. coupled with the higher
prices for hogs at the yards Shorts
were buyers of pork and longs added
to their lines. The selling was led by
the smaller packers in the way of Sc
curing profits. There was a better
cash trade in meats, but lard was
rather quiet.