The citizen-Republican. (Scotland, Bon Homme County, S.D.) 1???-19??, 1915-12-02
WHEAT OF CANADA
SEIZED FOR ARMY
PRICES ADVANCED
American Markets Respond to
Action of Government In
Communicating Per-
ton of Crop.
FINAL RESULT IN DOUBT
Brokers Do Not Believe United
States Markets VIII Be
Permanently Affected
Reserve Still Large.

London, Nov. 29.-The official
press bureau made the following
announcement:
With reference to the an
nouncement from Ottawa on Mo-
Vember rs hat the Canadian gov
had Communicated 49,
000, 600 bushels of wheat at the re-
quest of the British government,
he board of agriculture states the
British government has made no
such request and that at present
they have no information on the
subject"
Chicago. Nov. 3O.-Vheat jumped in
price today as a result of the Canadian
governments seizure of 10000, 900
bushels. Predictions, however, that a
scent advance would be added to
values here right at the start We're not
verified. the extreme opening changes
being ~ cents.
The market here opened excited with
December delivery at S1.e5@1.06, as
against S1.o3h at the close Saturday
and with May at $1.07@l.0Sk, as
against $1.O6@1.06B.
Commission houses and shorts were
the most active buyers. Sellers We're
scattered, although one of the largest
poluly lOOh II posolLIpIt 1I'sLI LIN
action of the Canadian government
meant that Canada was to have pref
erence in filling foreign requirements.
This meaning a falling off in United
States exports.
Reactions from the top initial figures
quickly took place. Bulls were to q
large extent held in check by
opinions in~dustriously circulated, that
the English government Would prob
ably do all or nearly all of the British,
French and Italian business.
After sinking a little further the
market frightened again on the view
that the enlarged emand of stocks OF
domestic wheat might ultimately be
unavoidable. Word was recently re-
ceived that export sales for shipments
by way of the Gulf of Mexico had been
made today, amounted to 100000
bushels.
Closing prices We're firm, 2A@2@@
2hc net higher, with December at
$1.05& and May at $1.0SHa.
St. Louis, Nov. 3O.-December wheat
! opened today at an advance Of 11s@
1asc, and May at an advance OF lao
exc. December was quoted S1.03M@
1.03h, and May at S1.07@1.071a. Re
cessions followed.
2hc higher on the Omaha exchange
today, and the market remained ner-
vous during the early deali.-gs.
Minneapolis, Mimi, Nov. 39.-Wheat
took an upward turn here today in con-
sequence of the action yesterday of the
Canadian government. December
opened at S1.01, 2 cents above Satur-
days close. May opened at $1.03A@
1.04, III to 1Rc above Saturdays close
After the opening advance prices de-
clined, 1h to &c. Trading was moder-
ate.
Kansas City. Nov. 30.-First sales for
December wheat on h Kansas City
board of trade today were at 99c, a rise
at $l.O3h @1.035s, a rise of 2 cents. De-
cember soon dropped to CSC, while May
drifted downward on liberal offerings.
December held at 97M @9Sc for the
first hour. May opened officially at
S1.02& @1.02B and steadied around
$1.01.
Chicago, Nov. 29.-Awaieing the
opening of the board of trade this
morning Chicago grain dealers dis
cussed the probable effect the Amer
lean market of the action of the Cana
dian government last Saturday in COM
Wandering nearl 20.000,0 900 bushels of
/ Mes. 1, 2 and 8 northern wheat in ele-
vators from Fort William to the sea.
Most of them expected only slight fluc-
tuations.
The Canadian governments move
was made under a special war act. An
| official statement from Ottawa said the
prices would be fairly adjusted and
dealers promptly paid.