Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1902-07-14
CORN DROPS 5 CENTS
Heavy Arrivals OF Corn Causes
"a Bad Break in the July
Corner.
A Drop Of S Cents in Ten Min.
utes-Wheat Weak and
Lower.
Cattle Steady to Lower and
Hogs S to 10 Cents Lower
Sheep Stronger.

Chicago. July 14.-Ihere was drop
| in the price of July corn of 5l2 cents
within ten minutes after trading. The
market opened dull. y cent lower than
Saturdays close, at S51a. 1t advanced
to Sc but when the estimates of tomor-
rows receipts We're given out at 1000
cars the market dropped with thud to
SOL. After Il short-lived raid in July
the corn market for both July and Sep
TENDER Quoted down TO Il weak, heavy
affair. July closed.5 cents lower than
Saturday at 81.
Chicago. July li-Early trade in
grain today was somewhat dun. sep
TENDER wheat opened shade lower 10
Ls0A. of a cent higher at 13i2 to .3sA on
reports of showers in several western
states Offerings. however. We're liber-
all. Liverpool cables were triiie lower
in response to our Saturday dip and
prices eased off. September sold at '3f.
and later steadied near 1895. Local re-
cepts were ninety-three cars, Sin OF
contract grade and eighty three new
stuff Minneapolis and Duluth reported
.34 cars, making total for three points
of 527, against l.056 last week and 644
year ago. Worlds shipments We're
1.701. 600 bushels, against 6.263,000 BUSH
els last week and 100000 year ago.
Ereadstuffs on passage decreased o.
2SS.00O bushels.
The increase in the visible wheat
creases of nearly 100000 this time last
L., at 9Sl
cars to come tomorrow started free SELL
ing of wheat. The break in corn intlu-
enced wheat and September wheat
close dweak, 9. Iowa. at 72a4 @727s.
There was a show of weakness in
corn at the opening. All holders of cash
stuff We're rushing it to market and as
result Az cars We're received. OF
which 119 We're contract grades. Pri-
waite elevators turned out 207 cars and
11S.000 bushels. Total contract stuff for
the day promised to be $4,000 bushels.
In July there was almost no early trad
ing. That option opened y of a cent
down at S5la. but on one trade reacted
to Sc. September opened shade to Il
OF cent lower at 61A to 6112 and sold
off to 611b M61A and steadied near 6114
M61ss.
EstilnateN of s45 cars of corn to ar
rive tomorrow. and the talk that there
might be 1000 cars started liberal SELL
ing of both July and September options.
July corn became Very weak and Crop
ped 51a down to S0la. September felt the
pressure and the close Was weak 4 a
down at 81. The principal influence of
the day was the rapidity with which
contract corn was being made and
rushed to market. Some traders said
the corner in July was broken. That
option rallied cent from its low price.
but closed very weak. 5 cents down at
81.
Oats made further recessions at the
OF ening on reports of the warm and
clear weather of the last few days had
helped the new crop much and that
large quantities of the new grade We're
being offered by farmers, particularly in
Illinois. Offerings for future deliveries
we're free, some of which We're in the
way of profit taking. New September
opened a shade to q az of cent down
az s3l9 to 3S11s. and sold at 33. Receipts
were eighty-seven cars, with nothing of
the new.
Spite of liberal hog receipts and
weaker prices AT the yards provisions
held up We'll. especially lard. Bullish
sentiment inherent of late in this prod
uct helped the rest of the list. Septem-
Der pork opened unchanged at 1870 and
advanced 2M cents; September lard
opened 5 to 10 cents up at 1l.40@11.45.
and September ribs s cents lower at
1880, but rallied to 10.S2ia m1O.S5.