Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1913-11-17
argentina ADV|CES
AGAIN BOOST WHEAT
RAINS IN NORTH AND DRoUTH IN
SOUTH OF COUNTRY CAUSE
OF DAMAGE.
CROP BELIEVED GREATLY
REDUCED By BAD WEATHER
Unsettled Weather In the Corn Belt
Causes Shorts to Rush to Cover
Oats Prices Advance Because OF
STRENGTH of Other Grains - Trade
In. Provisions 10 Irregular

Chicago, Nov. 17-Rain and drouth
in Argent tina served today to lift wheat
values. Private cables reported great
damage in the northern portion OF that
country from torrential rains, and
heavy loss in the south from dry
weather. A tract OF 100000 acres is
seriously affected and half Of it may be
a. total loss. Opening figures here were
~ to q q cents higher and the mar
ket seemed inclined to steady within
that range.
Later reports of clearing weather IN
Argentina eased prices. The close
was easy, shade lower to 70 and u
net higher.
Weather in the corn belt was unset
tied and there was general rush OF
saorts to cover. First figures were
A@h to "a @1 cent UP, and later there
was still further hardening.
Profit taking on the bulge caused a
reaction. The close was easy, at net
gain Of Il to r..
Oats went up A9as because Of the
strength of the other grains.
Provisions.
Provisions were irregular, opening
shade lower to 20 cents higher, with
pork, on lively speculative demand,
leading the advance,
Lamson Bres. & Co.'s Grain Letter.
1908 Masonic Temple. Phone 1881
Chicago, Nov. 17.-Wheat - Wheat
opened sharply higher on sensational
news from the Argentina A part Of
the strength was no doubt the result
of the sharp bulge in corn Prices,
however, did not hold well and at the
close were from Il lower to a shade
higher than Saturday. The setback
was due, in part, to reports of clearing
weather in the Arengtina and to an
unexpectedly heavy increase in the
visible supply which, coming in the
last few minutes OF trading, caused
about the lowest prices OF the day.
Sensational news from the Argentina
is viewed in suspicion.
Corn-The forecast for the week as
given out by the weather bureau is
for unfavorable weather. The appear
ance Of this report before the opening
caused uneasiness, especially amongst
shorts In December corn. and early
prices were at a sharp advance over
those Of Saturday. On the early adj
vance there was fairly free offering Of
new corn to arrive and 1t is estimated
that probably 10000 bushels were
bought. Outside markets, Omaha in
particular. had a heavy run Of corn
and cash prices were sharply lower:
There was, therefore, some pressure in
our market, not only from realizing
sales, but from hedges, and, at the
close, prices showed an advance of rs
to %. the latter in December which
continues to show some congestion.
Oats-There were no new develop
ments in the oat situation and prices
are very little changed from Saturday.
The action Of other grain markets
seems to be the controlling factor as
it has been for some time. Another
cargo of Canadian oats arrived today
and Argentina oats are said to be Of
fered at gulf ports.
Provisions-Altho there was little
liberal realizing sales and some pres
sure from packing interests, the pro-
vision market has held firm and on
some products showed a gain at the
close. The semi monthly statement of
local stocks was bullish which more
than counteracted prices at the yards.