Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1900-11-26
CORN Up n 80 Gents
The November 50 is Up to so
Cents and Closes at 40
Cents.
Phillips Corner Seems to Hold and
He Controls the Market Wheat
Fit Quiet.
Good to Choice Cattle Strong to
Shade HigherHog Strong to
Nickel Higher.

oAdue alSAer-a0SS oIrOlS "
Nickel Higher.
Chicago. Nov. 26.-During the fore
noon today November corn, the local
Visible supply Of which had been corr
nered by George H. Phillips. sold twice
at so cents Phillips, having been sus-
tained by the board committee in re-
jecting for contract grade new corn
which had gone thru the drying process
and encouraged by small receipts of
contract grade, was quoted today az as
sorting his entire confidence that he con-
trolls the market. The market opened 1
cent aishei. than the close yesterday at
46. and Within an hour and a half went
10 80. .ht.this figure Phillips sold 100, 900
bushels, later selling u small line at As.
Shorts We're rather nervous today, but it
is Z ssertssd that Phillips has no desire to
squeeze them severely, aItho it is gener-
ally believed he could do so il he chose.
he November corn line of George Fl.
Phillips is estimated somewhere around
i,00ooee bushels large enough holding.
lit u believed. to control the market abb.
soiuteiN for the moment and to make
possible during the next few days any
.piicee within reason the bun leader may
sa,ne. The situation is an interesting
sil%s certainly, 50 much 90 that the
Nguthful manipulation is a center of in
s1sifs't suddenly the synos,ure amoug all
W fgsr speculative stars.
the EhilHps holding of 100000
2Q;i4sss for this months delivery Gre
a IS such novel situation in the corn
4it. y siat would have been to pay If the
oatten party, Which held l0.oOo0oo
Dts aei line uP TO the middle of October,
haq kept Its courage and carried its
holding four Weeks longer? The coarse
3Sfain Specialists are turning this oys.f
neW and craving mental pictures oil
What might have bean if Jim Patten
hsa not suddenly tired a few weeks ago
u worrying over his corn deal, ordered
MS line liquidated and given Philips
sas chance OF his. life.
There arc four business DAYS LIFT toa
The men Interested in the Nav rlber
corn deal. AT l:l5 o'clock Friday the
fso Of ths bell in the board of trade hail
VIII sad the contest. TIE short VINO has
niA py that time either delivered his
grain or paid his loss will be n default
Philips at that moment can walk out
OF the pit and permit the November
price TO take care OF itself. After that
bsil tap no rush Of grain from the vest,
r.3 Effort hy the 'dfiers. no specuia-
I've tactics Will count. The November
corner WI il be an incident of the past
There may be exciting features in the
siiort interval between A1onaas and
Friday. there may be an unexpected
aaIiet. q Settlement Of contracts and an.
| abandonment Of bull efforts. No one
tnoWs what HI. - iier;ence viii be: not
sven PHILLIPS himself. There WIFI Gers
ltainlE b. az increase IN the receipts
didn't start in to run any corner
said Geonse II. PHILLIPS If ! had L
could easily haze had a lire Of 20n0Ooo
ihnsas more. a.lss then would have
-iYen you s. blsnel fer every bushel
tof NJ. 2 corn you could have brought
tlls
EFsw much viii you give now?s he
was, asked
fifty OF 81 cents he replied. There.
10 q question Of right in this thing It.s.
legal anG legitimate and could force
the price LIP 20 Sc Il bushel. but TIN not
going 10. II isnit right. I'm willing the
market should 60 back Yes. I'm Gers
I2tain of my corner. know how much
Iscontraet corn there is in Chicago, and /
know how much I've bought Its con-
| siderable more. I'm satisfied with the
deal as ii is. I've got 100000 on it, and
THAT'S pretty good for a month work.
The corn plnnger evidenced his salts
faction by his smile. Continuing, he
4 said:
But tell YOU I'm getting more sat-
isfaction out of this deal by finding the
! number of friends have in the business
than lig the money I'll rake out of it,
Its worth the whole amount just to find
4 that cut. 7
Saturday the board Of trade commit
4 tee Of appeals rejected 223 600 bushels
which had been offered BY Counselman
I y GO. and Bartlett & FrazierSto Phillips
IN liauidation3of contracts. and thus was
scored another triumph by the young
+ operator, as the grain had been passed
4 as' No. by the state inspection depart
4nlertt, while Phillips contended that it
was not sufficiently sound and dry to be
i graded as such. In this position ne was
/ sustained. much to the disgust Of the
Elevator interests.
4 y he following market letter Is furnished
the Iimes-Republican by Martin & slnck
# members OF the Chicago Board Of Trade
/ from from their local office. over % East Main
thru A. ]. Clark. local manager ~ -lt'''.t
Special to Times Republican.
Chicago, Nov. &c. Wheat-The wheat
| pit was more or less deserted this
morning for the more attractive corn
pit, where pyrotechnics were expected,
and wheat has ruled decidedly narrow in
consequence. The delay in getting an
announcement Of statistics together was
| decidedly detrimental TO trade and
prices We're within % of cent range.
I Liverpool was unchanged to 1sd higher.
1 Worlds shipments, s.Ol3.0OO bushels. on
passage Increased 2a4, 900 bushels. Local
/ stocks, 12134,OO0 bushels decrease Of