Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1901-09-02
REVIEW Of MARKETS
No Produce Quotations Today.
Boad Of Trade Observing
Labor's Holiday.
A Large Movement OF Spring
Wheat Is Expected This
Week.
Cash Demand for Corn a Bull
Factor...Cattle Lower and
Hogs Higher.

Chicago, Sept. 2.-There was no pro-
observing Labor day as holiday. A
review of the market conditions last
week indicates that September liauida-
ton occupied the attention of grain
traders last week and was very thor
ough. As is natural after trading had
extended in delivery for many months.
1t takes nearly two weeks to complete
tne hquldation. The free offerings
caused widening in the carving
charges of 2ss cents between September
ana December wheat, 27s cents in corn,
ana ABOUT cents in oats While n
good part of the changing was to De-
cember, there was also a very large
volume turned into May. The Septem-
per- May spread in wheat was widened
TO 6A cents; in corn III was nearly .
cents, and oats AIS cents These are con-
sidered good carrying charges and all
most cover the actual cost from Sep
tember to December. So extensive has
peen the changing the deliveries tomor-
row are not expected to be especially
heaVy, the outside estimate being 3.OOO.-
700 bushels in wheat and corn and pos
sibly 100000 bushels oats They have
all been arranged for and will go
manly TO elevator interests. The wheat
is owned largely by New Workers. and
the corn is scattered. The range of
prices for the week was comparatively
small. and the close. as compared with
week ago. showed a net loss of 3. to
IS cent on wheat, Is to y cent on corn.
and 4 to Is cent on oats.
There is an uncertain feeling in the
wheat trade, and a fear of big receipts
IN the northwest is eNerting a depres-
slNe influence in values, and may last
for the next two weeks. The movement
there is getting we'll under way. and the
receipts at Minneapolis and Duluth for
the five days last Week. aggregated
56ol cars. or more than double the pre-
vious week, and compared with Gigs
cars last year.
Corn-The position of the corn market
is Working more favora bly, to holders, and |
the old bull element was active on the |
buying sire the greater part of the
week. but number of them We're not
really sure of their position and were
disappointed at the lack of outside sup
port given on the bulges, as the outsider
appears to be letting the professionals
run the market to suit themselves.
Those who had September corn bought
l'quidated to a large extent the past
week. and some rather than pay the
wide carrying charges preferred to let
their corn go. There was a break from
551s to 53M cents for September. and
from 591s to 57as cents for May during
the week. with the close at 541a cents for
September, and 59k cents for May
There We're numerous sharp rallies pro-
duced by the local bull element loading
Up heavily and driving in the shorts. but
number of the scalping bulls sold out
on the bulges, and there We're several
days when advances of over cent We're
lost as readily as they had been made
The two largest lines are held by Cuda-
by and Patten. They bought on all the
breaks, and did comparatively little SELL
ing on the advances.
There is a feeling among the corn
traders that the market is gradually
working in most healthy condition.
Oats-The interest in oats has not
changed materially within week. the
outsider and weak holder has liuuidated
his September, it being taken by the ele-
vator people and shippers, and Decem-
Der and May sold against The trade is
favoring the May, as is natural as it |
Will save turning over, which generally
is unfortunate for the holder. The coun-
try is not marketing its oats with any
more freedom and is bullish The local.
Spectator who has been bearish took
advantage of the sharp breaks to coverl
and the short interest has been reduced
There was a drop in September from
34B to 30 cents, with rally to $685., and
the close at 1914 to $685. cents May de-
clined from 3s to 81 cents, and closed at
37a. loss of only "a of cent for the
week. The east is taking round lots
more freely, but western sellers are not
anxious to accept the bids, which are
The highest of the season, C. i. f. Buffalo.