Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1901-12-24
GRAIN TRADE NERVOUS
Spectators Showing considera-
BILE Anxietp Over Forthcom-
ing Government Report.
Bulls Are Fearful Lest Totals
Show a Largely Increas.
ed Yield.
No Session OF the Board Today.
Cattle and Hogs Strong.
Sheep IS Cents Up.

Chicago, Dec. 24.-There was no ses-
sion of the board of trade today and
consequently no quotations on grain.
The wheat trade is nervous over the
the bulls fearful that the final figures
may considerably raise the total over
the crop suggested by the September re-
port; and the shorts evidently just as
nervous lest the final figures show a
smaller yield than private statisticians
have been talking. Word came by way
would not be issued for several days
The September government report indi-
Gated wheat yield of about 626, 100000
bushels, but the private statisticians
have been insisting upon crop of 70o,-
100000 bushels or over. A total as high
as e00.000,000 bushels would certainly be
something of trial to the bulls, but II
the government should make the total
no higher than 650.0O0.000 bushels. the
shorts would probably have just as Sc
we're trial. The effect of the document
will depend largely upon whether 1t
makes the last wheat crop record
breaker or not. In 1898 the government
estimated the wheat yield at $4,000, 900
bushels. Sentimentally it will be quite
significant whether the figures this year
are above or below that record.
The visible supply statement showed
for the week decrease in wheat of DOL
600 bushels, decrease in corn of $4,000
bushels, decrease in oats OF $4,000
bushels, a decrease in rye of $4,000
bushels and decrease in barley of s67,-
600 bushels The visible total now in
cludes 5S,s05, 900 bushels, of wheat, H.
ISL 200 bushels Of corn. 5.657. 900 bushels
of oats, 2,560,00O bushels Of rye and l.
!91 900 bushels of barley.
The local stocks in public houses
showed for the week an increase IN
wheat of $1,000 bushels, decrease IN
corn of 157, 900 bushels, decrease IN oats
OF IL, 600 bushels, a decrease In rye OF 81
OCO bushels and an increase In barley OF
5000 bushels. These local public stocks
now include 7,0SS,000 bushels of wheat,
s,065, 900 bushels of corn, LOCO, 300 bushels
Of oats, 1,1O9, 900 bushels of rye and Ill.,
600 bushels of barley.
IT rather expect to see the wheat price
move up sharply, probably soon move
up to the S5-cent point" says Frederick
S. Martin.
IF there is anything significant about
the statistical situation" says John
Inglis. at is the continued small aggre-
gate of the foreign and afioar stocks In
spit.. Of the enormous export cnntrthil-
tions from America during the past SIX
months. The total afioat and abroad or
Aug. i was about 6S,Oo0,000 bushels. II
would seem as If it We're impossible this
year for Europe to increase its STOCKS
M matter how heavy our shipments.
Wheat closed last night 3 cents over
the low point of the Monday previous, o.
cents for May. compared with ~ cents
on Monday and also IS cents on last
Tuesday. Last nights figure Yves only
la cents under the tip-top reacheo Oh
Monday two weeks ago. A feature
Yesterday was the buying OF July
nv shorts. local and St. Louis, who nave
heen bearish ever since the May reached
80 cents over fortnight ago. Ihis July
demand yesterday was apparently py
those who felt that to cover May OUT.
right would excite the market, ana llat
the easiest way to get protection was 10
teke the deferred month. Yesterday
experience was q new demohslTatioii
that this is not to be season Tor Tue
leaders Half Of the big men IN the 10
cal market are bearish, and they nave
been aggressively 80 within the past
fortnight. It was just as hard to tell
Yesterday where the buying came from
a. on the rally up to fortnight ago.
Irwin's estimated receipts Tor the day
were. Wheat, 80 cars; corn. 2So cars:
cats 1870 cars. The hog estimate is Az