Evening star. [volume] (Washington, D.C.) 1854-1972, 1917-01-20
Grain, Produce,
Cotton Markets.
GRAIN AND PRODUCE.

CHICAGO. January 2o.-Shipping diff
hculties that promised to hinder. per.
haps stop completely any important
fresh export transactions, had a bear
ish effect today on the wheat market;
Cable dispatches indicating a likelihood
of increased submarine activity at
tracted special attention. and there
was continued anxiety in regard to
the doings of the other sea roVers
Bullish statistics. including estimates
that domestic farm reserves were small.
failed to check the weakness. opening
prices. which ranged from y to IA
lower, with May at 1.S6Hs to 1871 and
July at Isl IS to 1.51A were followed
by a decided further decline.
Corn sagged with wheat On the
down grade. however, considerable sup
port developed owing to rural COM
plants of a scarcity of cars. After
opening AaS off to a shade advance,
the market underwent moderate gen
eral setback and then made something
of a rally. There was no independent
action in the oats market Traders
were guided by the changes in the
value of other cereals.
Downturns in the hog market weak
ened provisions. About the only buy
ing was from shorts.
NEW YORK. January 2o.-Flour--
Barely steady. Buckwheat f1our-Dull
Buckwheat-Dull. Pork-F'irm. Beef
Firm. Lard-Firmer: middle west
16.30a164o Molasses-Steady. Hay
Firm. Hides-Quiet. Leather-F'irm-
CHICAGO LIVESTOCK.
CHICAGO. January 2o.-Hogs-Re
ceipts, 21,000 head; weak at yesterdays
average to cents lower; bulk, 10. S0al .05;
light, 10 50a11.05; mixed, 10.65a11. Is;
heavy 10. 7oa11.15; rough. 1O.70al0.S5; pigs.
S25a10.15.
Cattle-Receipts, 500 head; estimated
Monday, $1,000; steady; native beef cat
tie, 760a11.15: western steers, 770a1o.0o;
stockers and feeders, 5.75as.75: cows and
heifers 47Oa1O.l0; calves, 10. 00a14.15.
Sheep-Receipts. 1000 head: steady;
wethers, 9.35a11.o0; lambs, 11.S5a14.40.
COTTON MARKETS.
NEW YORK, January 20.-There was
sensational break in the cotton mar
ket right after the opening today. First
prices were steady. at an advance OF
2 points to a decline Of 7 points, but
the tone Immediately weakened under
heavy general liquidation Numerous
stop orders were uncovered, and for
time the market seemed to be verging
upon decentralization. Inside OF ten
minutes May broke to 1890. or 55 points
There was more support when. prices
broke through the 17-cent level, how
ever. and after the decline of about
half a cent prices rallied Is to 70 points
on covering.
Renewed nervousness over shipping
conditions and rumors that southern
holders had shown signs of easing late
yesterday seemed to be responsible Tor
the early selling.
Futures closed steady; January, 1875;
March, 1898: May, 17.15; July. 1714;
The cottonseed oil market closed
easier; spot, II 40 bid: January, 124oa
1880; February, 12.3sa124s; March.
12soai2.31: June, 12.3oa123s: July.
- "1a1a %. August, 1232a12.33; total
sales, $500 bales.
spot cotton, quiet; middling uplands.
1890; no sales.
NEW ORLEANS. January 20.-Fear
of more aggressive attacks on shipping
caused a wild selling movement in the
cotton market here today as soon as
trading commenced. Prices fell away
in a sensational manner. landing As to
So points under the level of yesterdays
close in the first half hour of business.
Practically no support was offered, and
the market fell quickly under the Of
ferings.
Futures opened steady. Opening bids:
January, 1877; March, 1880; May,
1893; July. 1910; October, 1898.
Buying of covers by shorts who want
ed their profits over the week end
points, but the story that Germany has
under construction over 1000 subma-
rines and the report that Swiss re-
servists in this country had been called
home were influences that prompted
continued selling. Late in the morning
the market was barely steady few
points from the bottom.
Spot cotton steady. 10 points off
Sales on the spot. 2,790 bales; to arrive.
1,2SO; good ordinary, 1914; strict good
ordinary. 1894; low middling, 1914;
strict good ordinary, 1884; low mid
ding, 16.44: strict low middling. 1859;
middling. 1884; strict middling, 1913;
good middling, 1885, strict good mid
ding. 1856
Futures closed steady at a net de-
cline of 81 to 30 points. January, 1898;
March, 1852: May, 1864; July. 1917;
October, 1852.