Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1913-12-22
RNauRES Better PROTECTION
AND ,REsULTS IN PRICE
RECESSION.
LARGE SHIPMENTS FROM
RUSSIA AND THE DANUBE
Corn Peurs Into Chicago From All
Direokiens and Pulls Prices Down
Scattered Buying Fails TO Uphold
oats-Provisions Show Gain Because
Of smaIlnsss Of Hog Receipts.

CHICAGO. Dec. e2-Bstter snow pro-
lection for tho winter crop had a bear
ish effect on the market for wheat to-
day. Large shspments from Russia
and the Danube counted also against
the bulls, There were also reports from
India that light showers have fallen
Prices opened Y of to a like advances
but the market gradually sagged.
An unexpected decrease in the
United States visible supply caused
further depression. The close. how
ever, was drm. 3s to " q u net lower.
Corn.
Corn poured into Chicago from all
directions today and pulled prices
down. Fine weather deprived the mar
ket Of support. The opening was
shade to a Is cents lower and the.s
was a subsequent material decline.
The reported sale Of ten carloads OF
Argentine corn TO go to Wilkesbarre,
Pa, weakened the market still more,
The close was steady at A9A TO n
@ss net decline.
Oats.
Scattered buying failed to uphold
oats. Corn weakness proved the chief
influence.
Provisions.
Provisions were higher because Of
the smaliness Of hog receipts. The
opening was az to 10 cents advance
with an additional rise later.
Daily Market Letter.
tLaulson Bros. & CO., 2GS Masonic
Temple. phone 1879
Chicago, Dec. 2o.-Wheat-With only
q moderate demand and in sympathy
with an easier tone in corn, the wheat
market was lower thruout the day. The
visible supply disappointed the trade
by showing an increase Of 1866 900
bushels. against q small decrease a
year ago. Cash demand was reported
as being good and -four sales were
larger than for some time. The mar
ket appeared on sound basis, but
traders are inclined to go slowly for
the time being on account Of the I'M
certainty as to the action OF the
Canadian government on the matter OF
admitting United States wheat free.
Sentiment ts also Influenced, 90 some
extent, by the action Of corn.
Corn-Despite the widely advertised
short corn crop, We are today confront
ed with q cash situation which is al
together out OF line with future prices.
The visible supply increased this week,
1000, 900 bushels, as compared with a
little over 100000 last year. stocks
now being about 100000 bushels
larger than at that time. Both here
and at Omaha there are said to be mil
lions Of bushels on tracks. awaiting
unloading or inspection. Cash corn
today was at the widest discounts OF
the season, and prices for No. 4 corn,
which constituted the greater part OF
the receipts, were from 10 to u cents
under December. A limited amount
OF selling OF December by elevator in
terests carried that delivery to a dis
count under the May.
Oats-While there is no new feature
In oats the market held remarkably
well in the face of weakness in corn.
Bids were sent from here for Canadian
oats at premium over May while re-
cent sreadiness is encouraging TO hold
ers.
Provis.ons-The drop In hog values
last week was responsible for lighter
receipts and a little improvement in
prices. Provisions followed the trend
CT the hog market, but were checked
by profit taking in the January deliv-
cries. The market shows a slight gain
over Saturday and was steady at the
close