Rock Island Argus. (Rock Island, Ill.) 1893-1920, 1912-10-03
Wagner's Summary

CnlCaSC, OCI. 5.-OuJSlut Ihe bdlhdA
conflict, wheat news only very mod !
erately bullish. Locals, however, hard
ly care to press when European COM
plications are on. News in morning
papers suggest a certain conflict. in
which case there is always the posi- I
bility of interest on the part of the
larger powers.
The United States wheat visible may
not increase very literally this week.
The Snow report is long distance fac
tor Locals may sell on any bulge to-
/ day.
! The October corn condition is guess
I ed 1872 to SO by the experts. Shows
says 20 per cent of crop was in posi-
ton to be frost affected and be more
light, chaffy corn than in years. SEN
timent and conditions favor buying of
December and May corn on breaks,
but a stiff advance Is not likely.
! Liverpool wheat comes Is to u
lower. This is an unimportant change,
shorts at Liverpool.
Decatur reports early Illinois corn
maturing handsomely. but late corn
will be somewhat chaffy
Rally in pork from recent lows is
near s11OO.
Provisions have registered a nice
bull turn and the time for profit is
probably near. The private guesses at
october corn condition this week re-
vive the question of the extent of corn
damage. Old corn premiums promise
to be a substantial influence for at
least another 90 days. Sentiment in
corn is mixed and leaders on both
sides are very positive.
New York. Oct. Bank rate in
England is unchanged. American
stocks in London are strong, up IS to
IA.
J. p. Morgan will testify today be-
fore the Clapp committee investigat-
ing campaign contributions.
The Balkan situation shows slight
improvement. with the hope that the
powers will yet be able to prevent war.
The Canadian Pacific is to issue $780,
100000 additional stock at us. No
call on new stock will be made before
Jan. l, 1913.
A heavy break in cotton prices on
condition and ginners- reports caused
an average decline of SLIGO a bale.
Distillers securities during the year
ended June 90, shows surplus available
for dividend s527,1S2, a decrease OF
} $i30.441.
It is estimated that L. S. Steel cor
. poration will show net earnings in ex
} cess of s4O,OOO,OOO in the first quarter
of 1913.
e New York, Oct As to the Balkan
situation, best posted opinion both
, here and abroad seems to be that the
/ matter will be adjusted without a grea
deal of delay.
Newspaper comment continues yer!
hopeful, and in some quarters an op
timistic feeling prevails with regard t
; Steel corporations earnings. The gen
4 eral trend of prices We continue to SCI
I only one way. and that is upward
/ London cables us that heavy buying
8 VI copper Is Ditli'ttu. Oul IdSt CdBi'
S from LOdnon shows the market con
! tinues very strong there, with all stand
1 ard stocks in favor.
, Liverpool. England, Oct 9Th,
mari,et at the opening was affected b.
5 the late decline in America yesterday
! and the more favorable outlook il
the Balkan; prices were q lower. FO
lowing the opening there was a shar1
1 advance in October as the result o
Z covering by shorts, while the distan
Z, months continued under pressure
2 Selling was further induced by veal
Z ness in Paris at the opening. with col
< tinued favorable conditions in tn
4 United Kingdom for harvesting. Poo
inquiry for forward shipment and fl
vorablc Argentine crop advices.
at 1870 p m. the market was easier
e. Il TO "a lower than yesterday.
ct Corn opened easier, Il lower, on
private forecast of large shipment
from Argentine this week, but late
-