Omaha daily bee., 1916-12-22
CHICAGO GRAIN AND PROVISIONS.
Wheat Sells or seven Cents at Opcutnc he
cause Of Wilson's Pence Note

Chicago, Dec. 2l.--Big foreign purchasing
turned out to be more powerful influence
in the wheat market today than Persistent
Wilson's move Tor peace. or than Secretary
Lansing's statement that the United States
was being drawen near>the verge of war
whilwind fall of &c In wheat prices was
followed by steep advances totalling sac
from the bottom level OF the day Tho close
was strong, siesh to sl63T for May and
$i5s& 10 tls5S for July with tho market ss
a whole finishing at the tip top point
reached. Nc off to axe UP as compared with
twenty four hours before. Corn gained lAc
@lSc TO Nc net and oats TO Ike. The
result In provisions varied from a5c decline
OF rise of a0c.
European governments with Great Britain
In the lead were credited with having swept
into their possession 1000. 900 bushels or
more OF wheat, one OF tho lergast amounts
that In months had been taken In a single
day, The trans Atlantic demand for wheat
developed after the market right at the out
set crashed downward under offerings that
for about fifteen minutes appeared to have
no limit Az to volume and no much as 10
price. The stampede to sell ceased rather
abruptly when tho fact became evident that
buyers were waiting for all the supplies
thrown on the market under sacrifice con-
dltions.
A rapid recovery seemed to be we'll under
way in the wheat market when bulletins
d-udenly appeared quoting without much
context the striking utterance from Secre-
tayy Lansing about the verge of war"
Rhshes TO sell Immediately began, but a
clearer understanding was soon reached as
to what the complete statement of the Sec
Rotary contained and tn beariesh effect on
prices gradually wore off.
The final upshoot of wheat values was
witnessed In the last half hour of the SEES
sion and was accompanied by disclosures OF
the rnammonth extent to which the early
smash In prices had been taken advantage
of by foreigners. Peace hopes which at first
had attracted attention seemed at least for
the time being to have almost entirely been
driven out of notice In the furry to buy at
the close.
Corn swayed with wheat, but remained
within an ordinary range and showed scarce
ly more than the usual degree of activity
Complaints of car scarcity save some ad-
vantage TO tho bulls. Oats followed other
grains at moderate pace. Some export
business was reported to have been done
at the seaboard.
Provisions were helped upward by the
continued moves for peace. The grains in
price, however, were afterward more than
counter balanced In some cases by tho fact
that liberal quantities of lard are being
brought here for delivery on December con-
tracts.
Chicago Cash Prices--whcat: Nos and
red and and hard. nominal Corn,
No. yellow. ssgsahe; No, I yellow. ssH@
white, tsh @5oAe: standard. son oslo.
Rye: No. ?. nominal, Barley, s5cds lao
Seeds: Timothy, $3.6o6SSo; clover. si2oosS
1900. Provisions: Pork. s2s6o; lard $3.50
@i6s5. ribs. si3,05@iSs2L,
Butter-steady; receipts, 3,ii7 tubs: cream
cry. 3sh @Sshc.
Eggs--Steady; receipts, 2.963 cases; firsts
to@tle ordinary firsts. $50 see; at mark
cases included, $4,000
Potatoes--Steady: receipts. 20 cars: Wash.
ington, Idaho. Colorado and Oregon whites
tl,so6L7S: Michigan whites, si50Sl.S so;
Wisconsin whites, sl.4o@l6o.
Poultry--Alive, lever; fowls. lie; springs,
lie,