Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1899-10-02

Market Gossip.


Market GOSSIP
Chicago, Oct. 1.-THE September
wheat future closed without any SEN
sational development. There We're no
shorts left. The premium over Decem
Der, which existed so long, disappeared
on Friday, and at the close SATURDAY.
the September was at a discount of all
most &c. The Weare operations proved
Just what the principals all along
claimed they We're, moves merely to
capture the cash grain for storage pur-
poses Incidentally at times during the
month some toll was collected from
shorts. The maneuver was a decidedly
successful one. The Weares bought the
September IN August, when il was &C to
2iac under the December. and they sold
the December a the same time. Since
then the September has beer to a cent
over the December and the Weares
changed good deal back at profit
of something like Sc. They now have
the cash wheat, or are getting 1t, and
the carrying charge. &c to 21ac, at which
they changed, viii probably not be
equaled again. Besides they have old,
wheat. which will be commanding a
premium over the new from this for
ward.
The effect of the Weare operations
during September We're a help to the
general market. Shorts We're kept un-
easy: some of them VINO fought the
market too recklessly were forced to
give up. The fact that the September
was at premium rather than discount
sentimentally influenced wheat specu-
lators everywhere. From this forward
for time the market will have no such
help. The September is already at a
heavy discount. The short interest has
been much reduced. The local stock
| here has been increased within three
weeks about 100000 bushels because of
the artificial incentive to get grain
| here to deliver to the Weares on the
lSeptember. While the effect of the
Weare maneuvers were a bull help last
month they resulted in conditions
which will be somewhat against the
price this month. The September pre-
MUM prevented any cash business
| here and it was an abnormal incentive
for drawing wheat toward Chicago.
There are some general features of
/ the situation that seem bullish. There
has been of late a marked falling off in
| the western wheat movement. 1t looks
as if the maximum of weekly receipts
had been passed. If this is so the
movement has eliminated a fortnight
earlier than last year. and the big week
this year has been 3,000,00 bushels I'M
der the big one of last. 1t is not yet GER
tain that the movement will not start
up again. There have been years when
there has been break in the wheat
marketing and then resumption. Last
weeks receipts at western points were
100000 bushels under the week previous,
and the winter wheat handlers are very
certain there will be no important re-
sumption of the marketing of the soft
grain. If the turn has been made and
| if the dropping off is on any such scale
as either in 1898 or 1897 the primary re-
ceipts will soon be down to 5000, 900
bushels weekly. That, with the present
rate of export, should be no burden to
the spectators.
Locn Markets.
The following prices quoted are as
nearly correct as it is possible to OBJ
tain. The quotations are for prices paid
by dealers. corrected Monday after
noon.
GRAIN AND FEED.
W. H. Sloppy reports the following
prices:
Wheat-55057.
Oats-19.
Corn--25.
Flax-90.
Rye-47.
Hay-Tame, $50; wild. $50.
Timothy-s5@s
Clover-4.00.
CORN.
The Glucose Sugar REFINING Com.
lpany quotes price Of rs cents per