Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1900-11-22
The Corn Ca mpaign.

George II. Phillips. the young corn
plunger, elevator men and dryers all
over the middle western country are
working nights and Sundays trying to
get new corn graded up to the mark
where it can be accepted. The posi-
bilities of rushing in new and lately
graded corn to the market will be given
a test. The price was whirled up to A.
cents on the board OF trade yesterday,
but the shorts will not buy of Phillips
at the price he fixes if they can help 1t.
Today's estimate of the car arrivals is
only $50.
In the corn pit yesterday Phillips
Showed his power more fully than at
any time since he came into promi-
nence, He forced November corn up t.
40 cents. the highest mark reached
lousy pinched than was the expecta-
ton this early in the month. The mar
ket opened at 42A cents and closed at
40. The lowest point reached during
the day was i1ls cents.
Many of the prominent spectators
We're surprised at the strength of Phil
lips showing. Until yesterday many OF
the shorts felt that Phillips small in
corporateGs ca pital could not enable him
to carry on the deal Yesterdays con-
ditions We're pretty strong in his favor.
The small stocks, the fair demand and
the light arrivals of corn made tell
ing combination.
a number of brokers on the floor of
the board of trade say that Phillips die
not force the price of corn up yester-
day, but that the efforts OF the shorts
themselves to cover was the agency
that increased the figure. 1t Is under-
stood that Phillips disposed of some OF
his corn during the day. selling pri-
yately 100000 bushels at 44a4 cents.
Some think Phillips has 100000 bush
els of corn that he Is holding and others
believe he has a couple of million more.
Shortly after the board Of trade adj
journed yesterday Mr. Phillips said:
It am perfectly satisfied with the way
things have gone thus far and so are
those who are in with me. Corn has
gone higher than l ever expected !.
would There will be no change in my
mode of operation. / bought the corn
and am going to sell 1t. III use nc
brokers whatever. / have not given i
out that will not sell in open marke,
| for a while. ! shall sell whenever
think it hest and shall likely operate
| in the corn pit. was inactive today
4 L sold 10000 bushels above what
! bought. / cid a little scalping. Ths
/ price Of corn may go up tomorrow ant
lit may not. ] cannot say about that
for | don't know
OFFICIAL WEATHER FORECAST
i Special to Times-R epublican.
Dies Moines. Nov. %.
For Iowa Threatening. With snow
tonight and possibly III the east por
/ ton Tuesday.
/ Synopsis Of Weather Conditions
4 A disturbance is central over Mis-
L souri,, Kansas and Iowa which Is caus
ing generally cloudy weather in tn
central valleys and light snow in tn
upper Mississippi valley.
Another high has developed in tn
4 British northwest. accompanied b.
temperature as low as 90 degrees be
q low zero.
Cloudy weather also prevails on tn
s. Pacific coast and 1866 inches of rain ha
fallen during the past twenty-fou
hours at Los Angeles.
The temperature is higher in the cen
4 trail valleys and lower over the lowe
lake region. the Atlantic coast and tn
extreme northwest.
The following observations wer
taken at Z a. M. central time: