Evening star., 1916-12-12
Grain, Produce,
Cotton Markets.
GRAIN AND PRODUCE.

CHICAGO. December Wheat
pr,ces came down with a rush<today.
crumpled by Germany's 1ormai pro
posal of peace. The market was falling
Of its own weight before the peace
news came, but then tumoied heaolong.
a bushe1 transactions took on immense
proportions, and the changes IN price
were too rapid to be followed with any
thing like completeness on the black
boards
At first the stoppage of export sales
and the fact that a break between Ger
many and the United States over sub
marine attacks appeared imminent had
caused decided weakness. Ihe declines
did not attain sensational amounts,
public, and all other factors became
for the time being los sight of.
After a period of comparative steadi-
ness. the wheat market was again over
whelmed with wave after wave OF SELL
ing as the day approached an end.
In the decentralization during the last
fifteen minutes of the session wheat
for May delivery broke to 1.64, drop
Of 11H cents bushel in twenty-four
hours. December touched 1854. fall
of Tx cents.
The corn market continued to show
stubborn resistance to selling pressure,
despite the renewed weakness OF wheat.
The close was unsettled at 2k to 22
cents net decline.
WHEAT Open. high. Low. Close.
July ........... 1.45 1.463s 1.41 1.42Z
CORN
Msy ssiy 81 81 81 81 ssx ss S.. sss
OATS
3niy May ::::::::: : ssss ss 81 81 81 81 se% g
NEW YORK, December 12-Flour-
Barely steady; spring patents. s.1oa
s.s5; winter patents, s.5oas.so. Pork
Weak: middle west. 1s5oa1s.so. Molas-
ses-steady. Hay Steady. Hides
Steady. Leather-Firm.
Special Dispatch to The Star.
BALTIMORE. Md. December - Il
pm. quotations) Wheat - Weak; spot
No. 2 red, 1.6Sa; spot No. 2 red west
January. 1.69: steamer No. red,
1.52A; receipts. 1856 bushels.
Corn-Weak: spot contract new, LOO;
December. new, LOO; receipts. 1890
bushels
Oats-Easier; No. white. 81; stand
ard white. 81 asked; No. 3 white, 60
asked; receipts, 56.715 bushels.
Rye-Weak; No. 2 western export,
1,53; receipts. 41,s32 bushels.
Hay-steady; No. 1 timothy. un-
Grain-Freight.' no quotation.
COTTON MARKETS.
NEW YORK, December 12.-There
was renewal of liquidation at the
opening of the cotton market today
with the opening showing a decline OF
to rs points in response to lower ca
bles and the selling orders brought in
by the break of yesterday. There was
good demand around 1910 for jan
uary and 1913 for May, however, and
following reports that Germany had
notified neutrals she was ready to be-
gin peace negotiations prices rallied
sharply. January sold up to 1907 and
May to 1850, or Is to "a points above
last nights close.
Futures opened steady. December,
1850; January. 17.72; March, 1900; May,
1920: July. 1924; October. 16.4s.
NEW ORLEANS. December IA
decline of IL to Is points resulted
around the opening of the cotton mar
ket here today from the accumulation
overnight of a considerable volume of
selling orders. Feeling was more
friendly toward the market than was
was rendered on which prices recover
ed, standing at the end of the first half
hour of business unchanged to points
up compared to yesterdays close.
Futures opened irregular. Opening
bid: December. 1929; January. 1872
asked; March, 1856; May, 17.s5; July.
1903; October, 1913.
News of Germany's peace proposals
had no very great effect on the market.
They were first greeted by a fall of
about 10 points, but the market quickly
recovered and went IA to 18 points over
yesterdays close. Toward noon the
tone was quiet and the active months
were points over to l point under
yesterdays finals.