Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1913-08-09
HEAVY SELLING
H|P[! OUT ADVANCE.
EARLY GAIN IN EXCITED CORN
MARKET LOST WHEN HOLD.
Frs UNLOAD.
MANY TRADERS BELIEVE
DAMAGE HAS BEEN DISCOUNTED
Wheat Market Weak From Start, Being
Influenced by 8earishness Of Gov
srnmsnt Report and Fine Outlook in
Spring Crop Rssion-oats Decline
Under Active Selling.

Chicago, Aug. e.-Heavy selling on
an exciting advance IN corn TO-DAY
more than wiped out all the gain. Inc
market opened strong on account Oh
the extreme bullishness OF the gov
eminent crop report, and because OF
drouth and heat being undated.
Apparently however, large numoer
Of traders believed that all damage up
70 date had been discounted by pre-
yious upturns in the market. The
opening was q to ! cent higher. De-
cember, which started at S111 to 6S, a
rise of 3. to n, fell back to 66as.
Showers in Nebraska and predic-
tions that the drouth southwest would
be at least partly relieved by Monday
prevented any important upturn. the
close Was nervous, with December IS
to a@s net lower at Go q 66A to
66%.
Wheat.
Wheat showed weakness from the
outset. being Influenced by the Wash
fngton estimate and the fine outlook in
the spring crop region. December OPP
enea u lower to "a up, at s9ss to s01s,
and sagged to se7s.
to a rally The close, however. was
easy. at s91a for December, loss OF
y net
Oats declined under active selling.
LED by q prominent commission mousse
December started 4 TO 8 off al 40
to Az, touched Az. and dropped to
4s14.
Provisions.
Provisions developed ftrnness IN
sympathy with an advance at the
yards. First sales were from shade
lower to IS cents higher, with October
options as follows: Pork, 5000;
lard, $1l47k; ribs. sl1.11s.
Lamson Bros. e. Co., Grain Letter.
rRoom EOS Masonic Temple phone 1881
Chicago. Aug. s.-Wheat-With a
slackening in the export demand and a
bearish government report wheat has
los: 234o during the past week. The
trade has been inactive and Is likely
to continue so. as usually the case with
the two large crops. There Is a pos
Utility Of situation in the Canadian
northwest which may lead to activity
Tho map. this morning showed very
low temperatures and II frost should
occur within the next few days, wheat
will be damaged materially and vii
probably be Of the feed variety.
Corn-The week closes with prices
UNCHANGED to 20 higher. September
show q strength induced by the fact all
the corn to terminal markets Is sold &c
go out and country offerings are ex-
trennely limited. There was a very
large trade at this mornings opening
and shortly thereafter. and the pass
week has seen a great deal of profit
taking as well as short coverings. The
official prediction that by Monday
morning, there was likely to be at leas'
partial relief in the southwest, had
tendency to check bullish enthusiasm
OatrSharp break early was followef
by some rally but final prices are of
aboutAc from those OF yesterday am
about a cent from those Of a week ago
The run OF oats today showed a yer.
great difference in quality. some test
ing as low as % pounds to the oushel
The government report has not 1uii.
horne out the ideas Of the bulls, an
some proft-taking has been the re
suit
prov,sions- Further liquidation
wrought a sharp break altho the mar
yet was steady early because OF tn
hor advance. All products are mater
1allv lower. Support was insuhlclen
and largely from shorts, altho packer
onneared to be buying at times.