Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1901-12-07
SPECULATION WAS RIFE
Another Big FURRY in Grain
Caused by Heavy Specula.
ton Of Countrymen.
May Wheat Opens With a whirl
Of Excitement-.NeW High
Records.
Price Reaches 50 Cents and
Closes Near Top..corn
Follows Wheat.

today. record prices in all grains We're
topped and bull enthusiasm ran from pit
to pit, setting all traders in fever OF
excitement The conditions back of the
upward whirl of prices were almost iden-
teal with those that started the bull
movement Wednesday and Thursday.
Country orders, especially for wheat,
deluged the commission houses before
trade opened. Added to this big demand.
however, was new and powerful bull
incentive, that of capitalistic specula-
ton. Prominent brokers say the coun-
try has gone speculation mad and nell
who usually dabble in stocks are turn :
ing to grain. The news today was bull
ish. Both Liverpool and the English
country markets were strong, outside
American markets were bullish and re-
ceipts reported rapidly falling off. Wheat
opened y of cent to LIS cents higher
and prices We're well maintained. De-
cember ranged between 76ss and 7S3.
and May between S0ss and SO.
Corn and oats. tho both excelling the
records for many years, followed largely
after the lead of wheat. The cash situa :
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strong and the supply limited.
Chicago, Dec. IA v'hirlwind Of e2:-
element struck the grain pits today
and sent all cereals again above record
prices. After yesterdays early dullness
and late reviving strength shorts were
panicky. The conditions were the SAME
that started the big bull movement Of
Wednesday and Thursday. Buying or
ders are coming in on ell sides. Whent
had a greater part Of the attention Of
traders Commission houses bought
heavily and offerings were very light.
December opened A@N Of cent to 1M
@1A cents higher at 77'.s to 76N. Proat
taking by the big professionals was
popular and prices sagiged to 1855. The
big country demand, however, kept the
tone very strong. May opened 7s01 to
1N01M cents higher at sos to S1N, ex-
ceeding the record price for this crop
by Is Of cent. Profit taking in this OPP
ton also brought sag to S0&, but the
reaction was quick and at the end of the
first hour it was holding strongly at 81.
General conditions had little effect on
the pit, speculation ruling. Gables and
English country markets were strong,
as were outside markets here.
Small primary receipts. Wall street
buying and the general rush to get hold
OF wheat, brought prices upward after
closed 2A@2h higher at 7SK: May
2k up at s2h@s2A.
Trade in corn was not very large.
Commission houses had good buying or
ders. cables We're strong and there was
very little for sale.
sympathy with wheat was the strong
est factor, tho outside markets we're
much higher than Chicago. Cash de-
mand was strong. Unsettled wea her
also was some influence. December
opened * to 1@1h up at 85A @65S to
65h but eased on liquidation to i4%.
May struck It's new record price at the
start, opening y to up at 6SA to fSX.
There was slight sag here also, but
holdings were firm at SSH.
Corn felt the onward rush in wheat
and followed 1t IN measure. December
closed V higher at 64N, strong but
somewhat less so than at the opening.
May jumped up to still higher record
and closed there strong, IA higher at
50.
Oats opened strong at record break
ing prices. more in sympathy with other
grains There was fair commission
house trade, which developed strongly.
May opened Y to l higher at 46 to ASK
There was range OF rapid fluctuations,
but the option held very strong at 46lk.
Cash demand was good and acceptance
short
Provisions opened somewhat dull at
lower prices all around on the weaker
hog market.
Chicago Produce.
Chicago Dec. Z.
wheat-No. 2 red, so1a @ss1s; No. 8 red.
771z@S21s; No. 2 hard. 771s@791s; No. s
hard. 76N @7sN: DECEMBER. 1873; May,
opened, s0N@s1A: highest, SO; lowest,
soss; closed, S24s GsaA
Corn-No. 2. 67ia; No. 3, So: No. 9
white, S.: No. yellow. 6S; No. yellow,
66; December. So; May, opened, 6sA a
6SN highest, SO; lowest 6S1s; closed, So.
oats-No. 2, Al: No. B. 46la; No 2
white. 4s1s@50; No. 3 white, $1,000; No.
A white, 4slk @4s14; December. 46N; May,
opened, 46@46z; highest, 47as; lowest,
As; closed. 1875.
Pork-December, 1876: January, 1886.
Lard-December. $50: January, $50.
Ribs-Decemher, SOS; January, S.55.
Rye-62&
Barley-56@63.
Flax-1.44@1.45.
Timothy-March, 6.55
Clover-January $50.
Butter Firm; creameries, 14@24h:
dairies, 1920.
Eggs-Firm; "a.
Poultry = Steady; turkeys, 6k@9;
chickens. 61a0S.
THE LIVESTOCK REVIEW.
Cattle Sell Way Up, While Hogs Sell
Low-Big Receipts.
Chicago, Dec. 7-Cattle-About 10000
have been marketed here this week,
against 4s.2o0 last week. These large
supplies sold readily and at an advance
of at least so in the majority of cases,
plenty of cattle selling at from Is cents
to 81 higher. Only about 400 were re-
ceived today and prices were mostly
nominal.
Hogs today's receipts at
$4,000, about 10000 were marketed here
this week, against 201, 1877 last week. To-
days sales were mostly 5 lower.
Sheep-About $4,000 were marketed
here this week against only 66,454 last
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