Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1899-09-19
Market Gossip.


Chicago. Sept. 19.-Lyon's estimated
receipts for today are: Wheat. l65 cars;
corn, 1900 cars; oats, $50 cars. Hog
estimates, $4,000 head.
The incident in wheat which excited
the most interest yesterday was the
selling of December line that was es-
timated by all at at least 100000 bush
els, and put by some a good deal higher.
1t was large enough to make it certain
that some big interest was either put
ting out a short line or else letting go
of a long one. John Barrett did the
selling himself, and did it cleverly. SO
much so that the crowd was amazed
that the price suffered no more than it
did. 1t was off less than cent from
the top after the biggest selling in
months. 1t began about noon anG
lasted until theBclose. One theory was
that Weare was changing his plans.
and, instead Of letting go of September,
was doing his selling for December. 1t
was considered rather fancifui theory,
and yet the trade was so big that the
crowd thought there was plenty of ex-
euse for explanations that seemed out
of the ordinary. Indeed. there We're
those who thought Barrett-Farnum's
selling aggregated as high as 100000
bushels, and there are not half a dozen
interests in the whole trade that would
be likely to give selling order of that
sort. 1t was part of the theory connect
ing Weare with the selling that possibly
Pillsbury had had an interest in the
september operation and that his death
had led to quick change in plans. Peo-
ple with close connections to the
Weares said that they knew nothing
about the selling except that it was not
for them. No one was able to explain
why Armour should be doing SO much
December selling in carrying out any
elevator operation. for Armour is sup
posed to have lost his cash wheat in this
market which would leave him without
any present motive for putting out De-
cember hedges. The crowd admitted it,
self nonplussed, and the guessing was
still going on upon the curb long after
the close.
There is new theory as to the Sep
TENDER line in the corn pit. 1t has been
all along assumed by the talent that the
September premium was merely the
natural strength from congestion due
TO small contract stocks and tc
the vast amount of hedging by the
different cash interests in that month
A new view. however. was taker
yesterday. According to this. Mcintyre
Wardwell are the big September corn
holders for the account of group OF
| New York spectators who have beer
long corn for one future or another for
I a year or more. and who have finally
decided to stand on their September
I The line is supposed to be somewhere
around 100000 bushels. The public
I contract stock of corn was only 100000
/ bushels week ago. Just how much
contract corn there is in the private
houses is of course not known. A week
/ ago there was less than 100000 bush
els of all kinds of corn in private
houses. But of late, because of the
fact that presumably the elevator PEG
pie are largely short September. the
| private houses have been making con.
tract corn as fast as possible. The re
ceipts are large. II is considered about
an even thing if the New Workers have
100000 bushels of corn bought fol
September, whether the private ele.
lvators can in the next fortnight make
that much to deliver to them. 1t vii
depend somewhat upon the shipping
demand, and of course mainly on tn,
receipts. There We're over 1000 cars Ii
yesterday and 1900 cars estimated fol
today.