Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1899-09-15
Market Gossip.

Chicago. Sept. 15.-Lyon's estimated
receipts for today are: Wheat, 125 cars;
corn, S75 cars; oats, 325 cars. Hog esti-
mates. $4,000 head
The talent" is of the opinion that the
September wheat furry is about over,
and felt very certain of it during the
day when Weare was offering to change
freely at only &c over December. but
naturally was made little uncertain
again at the close, when the Weare
support reappeared, and the premium,
after having entirely disappeared. was
established. There were very few
left yesterday who talked corner. al
though there are always some who have
a weakness for that sort of explanation
of anything out of the ordinary in the
market. There is better reason than
ever, however, for declaring that the
basis for the recent September strength
was the decision by the Weares to fill
their Nebraska City elevator with the
wheat in the Armour houses. In addi-
ton TO that they got some of their in
huential customers to buy for scalp
the September and sell the December.
This was when the September was at a
discount of &c and over. when it was
with minimum of risk and maxi
mum of promise. 1t has actually proved
that. Everything depends now upon the
outstanding short interest and upon the
character OF these shorts. The elevator
people, Armour and others who are
short the September against their con-
tract and low grade wheat. will make
delivery. Weare is already taking wheat
out Of the Armour houses. But the cash
wheat in the Armour houses will be only
share of the cash property which the
Weares will get if they undertake te
maintain the September premium. on
Wednesday, when the September was le
over December. the Bartlett Frazier
concern started in to sell Weare
the line Of contract wheat Is
has in its private houses, l.
100000 bushels. a few lots We're got
ten off. and then that September pre-
MUM was suddenly lowered. The ele-
vator people are securing every market
for wheat to put into the September
bulls in case the premium rises again
They put lot of wheat on the market
Wednesday. when the September pre-
MUM was at its best. Minneapolis
wired that Counselman had purchased
300 900 bushels No. / northern there
during the day. Toledo wired that Ar
mour was buyer there. One fact is
certain that the September furry has
already resulted in arrangements foi
very large wheat shipments in this di-
rection. Some of this would have come
here naturally, for there is not enough
wheat to keep the elevator men going
| but some millions of bushels were
bought merely because the September
premium here made purchases at out
side points possible. People with pref
| ty good facilities for knowing figure
that Kansas City. Minneapolis. Toledo
and the dealers back of these primary
markets have already sold to Chicago
elevator people about 100000 bushels
/ of wheat. Practically all of this was
ARRANGED for before Weare became q
factor in the September. Indeed, sew
eral millions of it will go to the Eng
| lish syndicate elevators which Wears
himself manages. More wheat is ar
irving here than shows up on the in
| spectlon sheet.
! The wheat pit thought that Weare
| Changed at least 100000 bushels oil
September wheat in the pit yesterday
anu II 10 supIoSeu tHdl III Inc past liiIet
days there have been liberal private
settlements by spreaders and others. Il
is estimated that since Tuesday the
| Weares have privately and openly
changed back at least 100000 bushels
of wheat, selling the September ant
buying the December. The best opinion
last night was that the remaining shor
interest, except such as would be filled
| by cash grain, was not great.
Local Markets.
The following prices quoted are a,
nearly correct as it is possible to OBJ
tain. The quotations are TOR prices PAID