Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1899-09-14
thursdays MARKETS
September Wheat Situation Begin.
ming to Attract More Attention
From the Spectators.
Weare and Peavy Thought to Have
Formed q Combination Of Short
Interests.
Estimates on the Spring Wheat
Crop Wheat Shows q Slight
Decline.
Chicago live stock.

Chicago Live stock.
Chicago. Sept. IA.
Hogs Estimated receipts, $4,000;
strong to higher; light, 4.30@4.75: mixed.
4.S22@4.75; heavy, 4.1544.70.
Cattle Estimated receipts, 1000;
steady; beeves, 4.50@6.6O; stockers and
feeders, 3.00@5.0O; cows and heifers, 200
@5.40; Texans. 3.75@425; westerns, 4.00G
5.35.
Sheep ESTIMATED receipts. $4,000;
stronger; sheep. 2.75@4.6O; lambs, 1000
635.
Chicago Produce.
Chicago, Sept. IA.
wheat-september, IFS; December.
7Os4.
corn-september. slz; December,
2sA.
September. PIX; December.
2O7s.
Pork-september. 7s7M; December,
s.121s.
Lard-september. $50; December,
5.s71.a.
Ribs-september. 5.ssl,s; December,
4.s7lls.
Rarley-37k to AZ.
Rye-57.
Timothy-2.421s.
Clover-7.75.
F,ax-1u.
Butter Firm; creameries, 1922;
dairies, 13@1s.
Eggs-Firm; 141s@14a4.
Poultry Steady: turkeys, 1910;
chickens. 9h@1o1s; ducks, 71s@s.
New York produce.
New York, Sept. IA.
Wheat-December 1874.
Corn-351a.
Butter-Firm: 1929
Eggs-Firm: l3@16E.
St.Louts Produce.
st. Louis. Sept. IA.
Wheat-Cash, 60: December. 705s.
Corn-Cash, 81; December 27A.
oats-Cash, 22a4; May, %.
Peoria Produce.
Peoria, Sept. a.
Corn-Firm: No. g. soa.
oats-Firm; No. 2 white, 22A @22k
NOTICE.
The Marshalltown office of McLain.
Bros. & Co. the commission brokers
Who have been furnishing this paper
with special market report, has been
closed.
Market Gossip.
Chicago. Sept. 14.-The September
wheat situation attracted more atten-
ton yesterday than at any time since
it began to be talked of. This was nat
ural enough. because the September
went to cent premium over December.
The shorts had been worried enough on
Tuesday. when the September went to
within nc of December; they. of course,
We're very much worse off yesterday
there were private settle
.neuts yesterday and the day before
There is increasing evidence that the
September excitement is the result of
a move by Weare to capture cash
wheat for his elevators. The spread was
originally made, 1t is understood. fog
the benefit of the Nebraska City elevat-
Or which the Weares operate for their
own account. The English syndicate
which operates the big terminal system
has no part in this September-Decem
Der spread. Weare unqueStionably. af-
ter deciding to buy the September and
sell the December for his own account
at the spread which was going in Aug
ust. asked some of his friends to make
the spread with him, pointing out that
there was practically no risk and fair
promise of profit. Some people who
were asked to go in did not go. Peavey
pretty certainly accepted the invitation.
but the main operation has been for
Weare's account, and was started with
the thought of getting stock of wheat
for the big Nebraska City warehouse.
The developments since have probably
been as much surprise to Weare as to
else. The short interest in
has proved larger than any
body expected. result of the fashion
which has grown up of keeping short
the near by futures until the very last
All sorts of interests have
been short September, mainly the
spreaders and hedgers. If Weare and
Peavey had September shorts to the
extent of 100000 bushels they could
make things mum here in the next few
weeks, but it is not believed that they
have much OF a short interest. The
elevator people who are in a position
TO do 1T are putting little September
into the Weares each day, and 100000
pr 100000 bushels day at these figures
count fast The crowd believes this de-
velopment will some day lead to a
break in the "gentlemen's agreement"
which has always existed among the
grain warehouse men here, and they re-
gard that as likely to be the really i'm
portant result of this September Incl
dent. 1t is assumed from this forward
that the elevator coterie will always
regard Weare and Peavey with an eye
of suspicion.
The Orange Judd Farmer figures the
spring wheat crop at 264,O0O.000 bushels
and the winter wheat at 2S6 900, 900
bushels-a total of 55O.0OO,0OO bushels of
wheat 1t estimates the corn at $780,
100000 bushels.
There has been very large business
doing in cash lard with the other side
Of late, at least 1000 tierces have been
sold in the past two days. The business
is with the continent.
The packers are reported as buyers of
cooperage on large scale, especially of
pork barrels. 1t is taken as sign that
, large business is expected this winter
and fall.
The Daily Trade Bulletin estimates