Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1900-04-16
IN R[ PROVISION PIT
The Extraordinary Advance in the
hog Market Due to Natural
Causes.
Market Has Been an Ideal One From.
Every Standpoint Gains
Steady.
Slight Break and slighter Reaction
In Corn The Quotations
Today.

Chicago, April 16.-The provision pit
is the center of interest for the produce
SPECTATOR in these DAYS. and for good
reasons. Hog product has had an extra
ordinary advance and is holding it. The
outsider has been right. 1T is a situation
resulting from natura, influences, and
there have been at no time, and do not
exist now, those special perils and un-
comfortable features of manipula ton.
The market has been an ideal one from
the commission mans point of View.
There have been no Uncomfortable rush
not been a day when the man executing
any special anxiety over either the lnar-
gins Of the man onshis books or the mar
gins of his neighbors in the trade.
1t is noteworthy that all this should be
true, for within four months pork has
pound and lard over &c a pound, or the.
last week advanced almost 81 a fierce,
ana in a single day moved up equal to 81
a fierce.
market, With the outside doing as we'll
as the professional. or better. ana with
no sign of manipulative effort. Indeed,
the hog has all the time kept moving
up as fast as the cured product, and
has even kept relatively q little over
the product. The consumption has
been enough ahead of the manufacture
to prevent accommodations and to keep
supplies decreasing instead of increas-
ing.
CORN.
Corn last week broke . cents and had
only a partial reaction. There was so
much selling on Wednesday and
Thursday, it was assumed the biggest
longs in the market, Patton and Bart
lett, We're letting so. AT the close of
the Week Patton WAS back, denied he
had done any selling. and the market
recovered almost a cent on his state-
5ment. May corn has been TO 40 cents
and back to SSH cents There has
been a good deal Of shifting about by
the spectators in The last fortnight.
The G'uaah.s, who We're long more corn:
than anybody else, and at lower
Prices, began taking profits before the
May got to 40 cents, and We're out be-.
fore ne cent point Was reached.
WHEAT.
The wheat situation does not look as
uneauiNacally bsarish as it did. The
state and Washington agricultural au-
liberties estimate loss from the De-
5cenber prospect Of 5o,000,0O0 bushels
east of the MISSISSIPPI river. It's still
rqssiblestc figure out a huge winter
4 wheat promise by assuming the sans
/ full acreage that was planted and BY
\ taking it for granted there has been nc
| loss of area in Ohio. Indiana and aIichi-
4 gan, where the condition has been cut
almost il Two. On the other, hand, ii
4 is not Improbable that half the 100000
acres in those three states may be
abandoned. There are all the summer
contingencies Yet to be passed by the
Kansas crop. ard it is not often that
the great thwestern state maintains
anything like its April promise. Stocks
1 of wheat abroad are small. Commercial
stocks in this country are large, but ii
/ Is rot 70 BE- forgotten the farm reserve
in March was io000.ooo bushels less
than last year. Complaints d ths
French prospect do not cease. Mhea,
is the one staple which has not yet par
4 ticipated in the almost general appre-
lciation. AT the moment. and with this
crop prospect as it is, there may be
nothing for the wheat holder to become
enthusiastic over. And yet it is not es.
pecialiy bearish, and 1t is possible II
5lisee how it might easily become as de
cisively buliish as, up TO thirty days
ago, it seemed bearish.