Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1899-09-25

Chicago, Sept 25.-Last week saw the
financial collapse of the Spectator who
for months had been the active bear
interest in wheat; who had filled every
buying demand with enormous snort
sales and who had counteracted every
bull announcement by merely oHerns
as much as anybody felt encouraged
to buy. The failure of the most persis-
tent and aggressive short seller in the
market was followed instantly by
pronounced change in the general,
wheat sentiment. The timidity of those
who have been believers in wheat
prices was succeeded by confluence
There was complete reversal IN the
matter of mood, the sellers, who had
been so high-spirited. becoming de-
iected. and the holders, who had been
making only a dispirited defense, be-
coming aggressive. The disclosure that
the short seller, who had been most fear
ed. had been carrying on his campaign
without capital and with nothing more
substantial than assumption. had much
to do with the revulsion OF feeling. Inc
bulls, having uncovered one bugbear,
we're inclined to believe that some OF
the other things they had been alarmed
al might be just as unreal
1t is not to be supposed that one
operator without capital and from mere
bravado could make wheat prices, even
for n few weeks but at a time when the
natural surroundings of the market
we're discouraging for holders 1t can be
believed that such an interest could
make the situation look weaker than II
really was could delay rallies, dis
courage buyers and give the market
hopeless and helpless air that did not
really belong to it. The effect of the
failure MAY be considerable in senti-
mental way. Market raids will not be
taken so seriously for while. because
ii has now been shown in very start
ling way that some of the raids of the
past which We're taken with much con-
Germ could have been easily met and
turned into routs.'
one of the Incidents in wheat this
week will be the closing of the Weare
operations in the September. 1t Is not
impossible that at the last minute there
may be scramble by the few outside
shorts, who always hang off in the
hope that the settling of the difference
between the people most Interested will
result in a dropping of the market and
lin their escape. There Is always quite
an aggregate of such scattered outside
short interests when any important
contest develops in the pit.
Local Markets.
The following prices quoted are as
nearly correct as 1t is possible to OBJ
tain. The quotations are tor prices paid
by dealers, corrected Monday after
noon.
GRAIN AND FEED.
w. II. Sloppy reports the following
prices:
wheat-54@5s.
Oats-1S.
Corn--25.
Flax-Sc.
Rye-4s.
Hay-Tame, $50; wild, $50.
Timothy-s5095.
Clover-4.00
CORN.
The Glucose Sugar Refining Com
pany quotes price Of rs cents per
bushel for corn Of No. 3 grade and bet
ter.
LIVE STOCK.
Receipts today, nominal.
Britain & Co. is paying the follow
ing prices for hogs in wagon load lots:
Selected light, 100 to 200 pounds, 3.75.
Selected mixed, 200 to 25D pounds. 3.75
Selected heavy. over $50 pounds. 3.75
Coarse and rough, 50 cents less than
the above prices.
Stays and piggy sows graded accord
ing to quality after reduction. Rough
includes thin old Bows. milky bellies
and hogs unfit for packing. Premium
hogs must be smooth and fairly well
lfatted.