Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1899-09-16
Market Gossip.

Market Gossip.
Chicago, Sept. 16.-Lyon's estimated
receipts for today are Wheat, 125 cars;
corn, $50 cars; oats, 347 cars. Hog esti-
mates, 1900 head.
Yesterday strengthened the pit opin-
ion that the operations of the Weares in
the September wheat had eliminated
They kept selling September either out
right or in exchange for the December.
and We're willing to change goods sized
lots even when the September was lsc
under the December. Occasionally they
gave the September some support, but
that excited no especial comment. as it
is supposed they have considerable to
change yet in order to close their
spread. The signs are that the short
interest has been very materially re-
duced and that the greater part of
what remains Will be satisfied with cash
wheat, unless the September discount
should go to something like the old fig
ures. Minneapolis reported continued
large purchases of No. there for Chi
cago account, both spot and to arrive
In spite of all the ado which has been
made as to Mr.. Weare taking out wheat
from the Armour elevators, he has so
two boats to do the transferring MUIR
ry Nelson this month has taken twice
as much wheat as Weare out of the Ar
mour houses. Furthermore, the wheat
Weare has 50 far taken out has not
gone into the Weare elevators, but has
gon,t into consumption, mainly to local
miilsrs. Weare owns the receipts for
the 3s0o0.000 bushels in the Armour
I..n,, !. Il,
might not be transferred after all, and
as il the grain that he has begun TO
take might have been merely to stir up
the crowd and to help out his clever.
Septe mber-December spread. 1t GER
tainly has been a successful one so far.
1T is believed he had about 1000, 900
bushels of September bought and as
much sold for December. 1t was made
at practically no risk. for Weare was
willing to take the grain at a discount
under December of &c to PIC. and he
has already changed a large part of it
back at a profit of from &C to Sc.
The Modern Miller in its weekly crop
summary said: THE flour market
shows better tone, with a fair volume
| of business doing. but with no improve
ment in prices TO be noted. Some dis
lPosillon 10 accumulate stocks is appar-
ent on the part of domestic buyers. Of
ferings by mills have been free, though
prices are below basis of wheat buy
| ers.''
| The rail rates from the Missouri river
to the seaboard and from Chicago to the
Iseaboard are advanced Monday, 1t will
cost the western man after that date
about 19c per bushel more than at pres
ent to get his corn to Chicago and about
lie more per bushel TO get it TO the sea-
board. The effect of the advance will
he temporarily to shut off new all-rail
business with east, which will be a
bearish factor, but at the same time
there will probably be also let-up in
the movement from the west to Chicago.
The man who has had any shipping to
| do will be pretty certain to do it in adj
vance of the Monday marking up of the
/ freight rates.
The expectation is that the wheat
Visible Monday will show an increase Of
at least 100000 bushels, Duluth prom
Using an increase of 100000 and Mime
apolis small increase.
/ Local Markets.
4 The following prices quoted are as