The Fargo forum and daily republican., 1917-01-11

| ted In better with the days peace
suggestions and with the talk of q
possible spread OF submarine war
fare. but cotton was also lower
wherein war considerations rather
than peace considerations seemed to
! have the upper hand. Admittedly
traders were confused, but bearish-
ness predominated among them.
Sun.
New York-Declines in the stock
market yesterday was not illogical in
view of the fact that the buying pow
er was lacking and in view of general
bearishness of Wall street traders.
The public was not a factor so far as
purchases were concerned while 1t did
not figure to any great extent as a
seller Wall street operators saw in
the prevailing uncertainties and the
absence of aggressive buying power in
stocks an opportunity for profits on
the short side. but stock which came
out on the decline went into strong
hands while the short interest was
materially enlarged. Al the close OF
the market commission houses said
that the stocks which they were car
rying on margin were exceedingly well
margined. From a bull point of, view
the market is in very strong tech
nical position.
New York Herald.
New York-It would not surprise
many wheat traders to see a lower
range early today. Uncertainty of
political situation is regarded as the
main and only depressing influence.
The course of values is expected to be
governed entirely by the character of
this news. The break of 8 ga since
Tuesday put the market in position to
racnnnd nYJipIylxr IN hHfxyfncp
Technical situation has been weaken
ed by sharp advance. Unless some
thing definite regarding peace they
believe the strong cash situa ton will
come to the front and that purchases
should be made on breaks. Corn cash
handlers say it looks as though great
er part corn offered in central Illinois
at 92 to 95 cents has been cleaned up
and that it will take higher prices to
farmers disposed to sell. Bulls believe
export demand will continue active
and with sensational Argentine dam
age look to see higher prices. Mes
sages from seaboard said 7,500,00
bushels cash oats were secured in the
west last week in exchange for fu-
lures, but represents old business for
January, February and March ship
ment. Car situation shows little i'm
proVement.
BroomhaIPs Report.
Liverpool-Wheat market steady,
supplies light. Corn market firm with
Argentine news. Oats firm with light
arrivals and forecast of no shipments
from Argentine this week. American
offers limited and actual American
clearances. There continues a good
spot trade. Continental demand broad.
Flour prices advancing with supplies
moderate. Millers fair buyers of all
offers. American shipments liberal,
Italy and France taking freely. Ar
gentine agent cables direct. Corn de-
rapidly under dry weather.
In Cordoba and in extreme north out
ook very bad. Buenos Aires wheat
closed with some realizing owing to
the decline in America and foreign
pressure, but general undertone firm
with supplies limited and spot in good
demand. Corn strong with unfavor-
able crop prospects and good demand
for old corn. Rosario wheat closed
strong and four cents net higher for
he day. Arrivals light and cash strong |
with export demand good. Corn |
strong.