The sun. [volume] (New York [N.Y.]) 1916-1920, 1918-11-10
GERMANS CANNOT
BUY GRAIN HERE
Government Holds Tight Rein
on Exports and Would
Block Enemy Tricks.
BAN ON ALL FO0DsTUFFs
Central Powers Will Not Be
Permitted to Purchase I'm
ill Peace Comes. -

por.,inl,y open for German interests to |
accumulate wheat, corn. oats or other |
Grains IN this country in anticipation of
ps,ce. The supposition in certain quar-
ter, has been that months might elapse
after al armistice was signed before &C
tual peace will have been declared. and
during this interval German interests
might endeavor TO provide foodstuffs for
their future needs. Because OF the
grading with the enemy" act Their can
b no purchases of foodstuffs in this
eouu,ry FOR enemy account, even though
the orders DO sent through European
neutral sources. This act would obviate
the buying OF grains and provisions here
and placing them in warehouses. with
tho intention OF shipping when peace
was made.
As far ~ grains are concerned, the
actual expectations are now under the
control OF the Food Administration and
the Wheat Export Company. the latter
being all Intermediary between the SELL
e-s IN this country and the consumers
In Great Britain, France and Italy. 1t
Is evident therefore, that no actual ship
mcnts OF grains can take place, with the
purpose OF storing at European points
for enemy account. These Government
bodies also regulate the actual scxports
OF provisions. 1t is plain that the regu-
latory methods, including the extensive
licensing system OF the grain trade and
MS operated by the War Trade Board
will remain in effect until peace Is q
ce-.airty.
Reports were received recently indl-
eating TINT German interests were buy
ing grains and provisions in Argentina.
IN preparation or peace and shipping
facilities The Argentine is the only
important exporting country not under
control Of the United States or the AL
les. The suggestion has been made
that there Nigh: develop certain
smount OF buying OF grain and nrov,eion
futures in The leading Amcrira markets
.or enemy account bu. any + sss that
vop.d nccep: sncn orders v ,;id also
violate tho trading with ,h,. enemy"
acts provisions. Moreover, there Is no
trading IN whea. futures in this country
or in Canada at present, and the restric-
lions on corn. oats and provisions are so
stringent that there could be no buying
ot these futures without serious viola
ton OF rules or excitement. In the early
days Of the war foreign interests were
=
provisions. and also of futures on the
exchanges. paying greatly advanced
prices and most OF the time flling their
needs without regard to values or ex-
element caused.
CHICAGO. Nov. accumulation houses
Today appeared TO lean to the selling
side of the corn market and there was
CONSEQUENT weakening Of prices. Pros
poets that an armistice with Germany
would be quickly brought about formed
the chief bearsh influence In some
quarters. however. there was a DISPOSE
ton to assume that the signing OF the
armistice might prove a bullish factor
as to nearby deliveries. although maxi
ing deferred options weak. Opening
quotations. which ranged from y to 1c
lower, with December 1874 TO 1915
and Janulry 120as to 1903, were fol-
lowed by n slight rally and then by n
fresh setback.
Oats duplicated the changes I'm corn.
Trade was light After opening I'M
changed to &c. lower, with December
70 to 7o&c.. the market receded
moderately all around.
Provisions were dull and easier
Weakness OF grain and hogs operated
as weight on values.
CORN--Market very feverish aud prices
closed weak with net losses OF 2A n &C.
In the local cash market No. yellow corn
Was quoted at sl.5S%. No. J yellow at
si..s cost and freight New York,
OATS-I.ocai cash market was quiet (;
standard quoted at 7sh q soc: No. white,
7aalsLc.: No. I white, 1874 n 79c.; ordi-
nary clipped white. 10 s0c.. all elevator.
RlE-Market steady: No. Western,
t.77, elevator export.
BARLEY Market steady. Feeding.
sl.o5; milling. si.ll, spot and freight New
York.
BUCkwHEAT - Market steady sound
milling, $500 3.95, cost and freight New
York.
HAY-Market barely steady: No. l, st7o
ql.7S; No: ., sl.55 l.es; No. .. si.4s
g IL