The Stark County Democrat. [volume] (Canton, Ohio) 1833-1912, 1896-01-23
Continued on page ~
W. G. PRESS & CO.,
Grain and Provision Commission Merchants,
Rand 4 Sherman St., Chicago.

In their special market letter say:
The subsidence of the European war
scare left our wheat market in shape for
reaction from the higher prices,
caused by speculative buying, there be-
ing a liberal amount to dispose of as
soon as holders discovered that the tigh;
ing fever was abating. The first break
however, induced quite free buying by
traders who base their operations on
the situation as reflected in crop adj
vices and the statistical reports of sup
ply and demand. This buying was
helped by the stronger feeling devel.
oped in other cereals and in provisions;
the latter furnishing the maj portion
of the sympathetic support. The mar
ket exhibited signs of reviving strength
until deserted by several strong trad
ers who evidently feared the effects of
the free Northwestern movement and
the strlngency in the money market
While these causes may temporarily
affect wheat values, we believe there
will he sharp recOveries from all ma
terial breaks. and that traders should
not expect Il steady, advancing market
until later in the season when crop
ScareS and a decreasing visible supply
may be expected. In the meanli me
the situation Will warrant purchases on
breaks for reasonable profits. The
closing of some of the DamIbiau ports
by ice, and the delay i'm the marketing
of the Argentine crop in consequence
OF the wet weather prevailing at bar
vest time. has sharply decreased the
amount put ailOat weekly for Europe.
and has impaired iirmrr tone to for
eign markets, although no material All
vance has been reported. ThnP haSs
been reports of unfdVOrdbie Weathr
Tor the growing crops in France and
Russia, and the past week has not been
all that could be desired for the we'll
fare of our own crop. There has,
however, been no cause for alarm.
The receipts at Northwestern markets
have been very liberal and the export
movement somewhat smaller. Millers
are less anxious buyers, the demand
for -four for the moment being less rrg-
ent. The market in the near future
will doubtless be governed chiefly by
the spring wheat receipts, the gold
movement and the daily advices of the
business situation at the leading finan-
cial and distributing centers.
The corn market has been more
active. with an increased volume of
business. Shorts have covered freely.
and some strong men have espoused
the bun cause. The better tone, how
ever, has increased receipts, and il
they continue, we look for another
downturn before higher prices can be
forced and maintained. Later on
when farmers are busy with their
spring work and lake navigation begins
the situation will be much stronger.
So much of the corn that has been
cribbed has been bought ut prices
which will not permit the cribbers TO
sell for less than 33c TO 35c In our mar
ket that receipts may be surprisingly
light until these figures are reached.
The same condition exists in oats
and they will have to advance to 23c to
to 2jc here TO enable warehousemen to
sell at any profit.
Hog products has ruled very active,
leading all the other speculative COM
modities. Outsiders. have bought lib
erallv on the strength of light receipts
of Hogs and an excellent domestic
and foreign demand for consumption.
The liberal receipts earlier in the sea-
son, in consequence Of cholera in many
localities, seems TO have so reduced the
available supply that the movement at
present is inadequate for the demand
Notice 30 Vacate" blanks, 10 oents per
dozen NJ tho News-Demoorat ofioe.