Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1901-08-03
Bank Statement.

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Chicago, Aug. 3.-New York ex-
change, 10 per cent discount.
Bank Statement.
New York, Aug. S.-Bank statement:
Loans increased, $20,S55,500.
Deposits increased, $12, 975, 700.
Circulation decreased, $64,700.
Legal tenders increased, 1856, 200.
Specie increased, $1,624,500.
Reserves increased, $2,2sO.200.
Surplus decreased, 1868, 225.
y. fcliovtrr market letter Is furnished
We Times Republican by Martin & Slack
IemheIs CT the Chicago Board Of Trade
from their ocal Office, over 1al East Main
Chicago, Aug. 3.-The wheat market
continues bare of any startling features,
is lacking in independence of action, be-
ing largely affected by prevailing con-
ditions in corn and closely rejecting the
action of that cereal.
Taking all things into consideration,
the market has taken on a rather better
appearance within the last week than
might be expected under the cIrcum-
stances. The heavy movement to pri-
mary points has been well offset by the
foreign buying of cash grain in Ameri-
can markets, daily clearances have been
on large scale and exports to the sea-.
board have been exceptionally heavy. 1t
is evident from this fact that our for
eign customers are in need of actual
grain. and do not, as Is our tendency
here, believe lower prices warranted,
owing to the abundance of supplies.
There is continued talk of heavy feed
ing demands in certain districts and
predictions of a falling off are made. in
primary movement. Were it not for the
generally bearish sentiment prevailing.
and the absence of speculative interest
on any extensive scale, due largely to
the fact that spectators are more or
less tied up in corn at present, these
! factors might have been more effective
in sustaining prices, and Undoubtedly
the bulls have received considerable dis
courasement in the inability of wheat
values to respond.
Corn-The corn trader at the present
time is in much of quandary. For
many weeks he was endeavoring to an
ticipate the damage done by the recent
prolonged drought, and now is endeav-
Cring to determine exactly how much
actual damage has been realized by
those conditions. Losses in price on the
appearance of rains have been pretty
We'll recovered and in the interim very
broad range of fluctuations has been ex-
perienced The territory affected is SO
| extensive that it is difficult matter to
| place exactly how much damage in the
aggregate has been done, and there is a
very noticeable disparity in the reports
received, many points claiming that no
possible relief could be had from the be-
lated rains, corn being beyond redemp-
| ton, and others claiming Improvement
beyond expectations. but taking an av-
erage all thru the losses experienced
have been very severe and we think a
| conservative estimate for the corn CROP
for 1901 should be somewhere in the
neighborhood Of 1900, 000, 600 bushels
Estimates, however. are peing lowered
every day and for that reason it is diff.
4 ficult to determine whether or not ad.
4 xances scored and prices now prevail.
| ing in corn fully represent losses sus-
tanned. In the meantime, 1t goes with.
out saying that corn will continue q
very nervous market until we have def
nitely settled how much we have actu.
ally grown and how much consumers
are willing to pay for this cereal.
Oats-The oats market has got pas
the independent stage. There is less in.
terest, speculatively, in them and they
are mostly reflection of the action Ii
corn. 1t looks as tho damage to thu
crop had now been worked overtime anc
its force as a price advancer considera
/ bly, lessened, but future prices depend
largely upon corn and cash demands
4 Provisions-The provision market con
i t!nues to attract but little attention
prices having reached a point wher'
further declines are considered incon
sIstent with surroundings. but the lont
side is unattractive owing to the merry
BUSINESS still prevailing on account o
losses to the coarse grains. Receipts o
hogs continue quite heavy and are hav
ing their effect upon the nearby options
The deferred futures, however, are get
ting very important support from
strong interests, mostly packers, blu
also from professional parties. who ar
always factors in the market. Wit
stock below the normal and very fai
; cash demand continuing, there should b
around these prices a discounting O
what bear conditions have arisen fror
crop uncertainties.
Range of Prices.
Z Open high Low Clio.