South Bend news-times. (South Bend, Ind.) 1913-1938, 1915-12-02
WHEAT CORNER
STOPPED BY ACT
Reliable AdviCeS Say That
Chicago Dealers Were
Fooled by Canadians.
BY Joseph i. Pritchard.

CHICAGO, Dec. 2.-According 10
telegraphic advices from a reliable
source a corner" in wheat in Can
ada was side-tracked by the com
Wandering of an enormous quantity
Of this grain by the dominion gov
eminent II will be remembered
that a few weeks ago an enormous
quantity Of money was sent from
Chicago to Canada, with which 10
paw for cash wheat bought by Chi
cago houses. II was given out at
that time that the big export con-
Germs here were acting for seabOard
exporters. or direct for importing
countries. Quietly, but persistently,
cash wheat has been purchased in
Canada so the story goes, and these
purchases were on Chicago account.
1t would be unfair to the larger
grain houses located in this market
to say that they were attempting to
force wheat prices higher in Can
ada, although IL appears this would
have been an easy matter little
later in the season. Word was re-
ceived here today that the owners
Of the seized wheat in Canada are to
be given a chance to make ship
ment Of the grain under a guaran-
tee that they have contracted to de-
liver it abroad and that IL will be
replaced later in the season.
Markets Strong.
The leading wheat markets of the
country were strong and higher We'd
nesday-Chicago lisa l 3-Sc, Du-
lUth 1 1-461 1-2c. Minneapolis 1
a a 1-3c and Winnipeg l IL az
sc. The buying Of futures at Chi
cago as we'll as the the smaller mar
kets mentioned, was led by shorts Of
this country as we'll as those of Liv-
erpool and other foreign markets.
Z Big northwestern and seaboard
houses have bought wheat futures
for several days in the various mar
kets Of the country. The Armour
Grain Co. brokers were reported as
having purchased 10000 bushels
December wheat here today while
the May was sold in it's place. Other
export concerns were also in the
market and taking a hand on both
the bull and the bear sides. Deliv-
cries Of wheat on December con-
tracts Wednesday totaled 2,O3O.000
bushels. This grain was taken in
and paid for by some of the stronger
concerns in the trades. Cash sales
were $4,000 bushels wheat mainly TO
millers. The seaboard reported $780,
600 bushels wheat and 100000 bu-
shells oats for export.
Corn Advances.
Corn advanced / 3-Sd1 1-2c,
showing net high records on this
I campaign for both the December
and May The full advances. how
ever, were not held. The deliveries
90 corn on December contracts were
small at $4,000 bushels. The coun-
/ try was a small seller Of corn again
: today. 7 II was said that eastern
/ D.:yers especially exporters, were
given the corn market more atten-
| ton on the buying side. Cash sales
/ were light at 90 600 bushels.
Oats were 7-Sd 1c higher and tn
/ feeling was strong. Houses wit
J sea board connections led in the buy
4 ing. Cash sales were only 100000
\ bushels at Chicago, but the seabOard
! reported 100000 bushels.
! one of the larger packers gave
ribs and pork support and there was
/ some buying Of these commodities
/ by shorts. The strength in grair
was an influence. Aside from sales
of lard by packers. the offering.
were light and mainly in the way OF
/ realizing.