Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1901-12-05
WHEAT N[N1 My UP
Tremendous Trading Of Country.
men Forces Prices to New
High Level Today.
Country Waking Up to the Fact
That There Is Big Corn
Shortage.
Hogs Active at 10 to IS Cents
Higher.Cattie Steady to
Stronger.

on the board of trade made new record
today Business was larger and more
spectacular than for some time past.
Heavy purchases by countrymen here
the bull spectators in advancing prices.
The whole country seems to be waking
UP to the fact that the corn crop is very
short and that the farmers are feeding
wheat to stock, causing a scarcity of the
latter cereal. May wheat touched its
record price for the crop shortly before
noon. selling at SOS. Both December
and May corn broke records Of years
standing, December selling at 60 and
May at esh. 1t is rumored that there is
corner in oats, but trade was so large
on both sides of the market that this Is
rot certain. May broke another record
toady at 46A.
Chicago Dec. 5.-Buying everywhere
yesterday started in ON a tremendous
scale today and sent prices in all pits
with leaps and bounds. Trade In wheat
was enormous easily passing the rec
ord marks Even tho Liverpool showed
thuslasm here. prices at the opening
were well ahead of the close yesterday.
The speculation was OF spectacular
nature and hundreds of countrymen
who are here at the livestock exhibition
were present on the floor, buying Gag
erly. December wheat opened HON to
ss@a higher at 1915 to 75A and quickly
jumped to 76A; May opened lk to "A up
at 1855 to so and started up making
record price for this crop. quickly sell
ing up to sos. Heavy buying orders
came in from the country at the same
time profit taking was going on. Local
professionals in most cases were bulls.
The scanty receipts had considerable
influence, both local ana northwestern
being very light. Toward the end OF the
first hour selling was somewhat promi-
nent, tho without any pressure and
buyers were ready to take everything
at any show of decline.
Continued heavy liquidation for
profits brought a loss of The early adj
vance in wheat and December closed
only firm A@ss of a cent up at 1855. May
closed steady " of cent higher at the
low price for the day at 79M.
May corn opened A@1 higher at
SIX to IS: making record price for
a decade. Gables were some help. but
1t was big line Of buying orders that
supported the market. On the bulge
large offerings were thrown into the
pit, but the markets stood them brave
~, scarcely fluctuating ". Trade was
enormous and probably n million bush
els changed hands in the first hour.
Outside markets were well UP and
southwest was buying. Trade by sam
pie was also strong. AT the end of the
first hour May sold at 6SS@6S1a.
vantage of bull enthusiasm in other
at GAN to 64ss and easily keeping com
pany with May Receipts were III
cars.
Corn sagged off on heavy profit taking
and then stood firm %GN of cent up
at 64A; May sos of a cent up at s7ss
Qs7H.
May oats started A@N to %@a up
at Ask 1451a. Buying was general, es-
pecially by shippers and receivers. COM
mission houses making good offer |
ings. Cash demand was strong. May
sccn sold up to l6ls, easing on profit
taking to 4b%.
Provisions We're strong, opening high
err on small receipts of hogs and on
general country demand for pork.
Attic the TRANSACTIONS OF the board |
continued on a very large scale thru
out all the session, prices sagged rap
idly toward the close on the enormous |
amounts ok:rrain which came out IN ali |
the pits. And tho the markets closed |
firm the big advances for the day in |
many cases were lost