Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1913-10-18
CONTINUED DECLINE
N WHEAT CHECKED
BRIEF SHOW OF STRENGTH DUE
TO FREE COVERING BY
SHORTS.
LATER GAIN IS LOST WHEN
BUYING POWER WAVES
Bear Activities Result in Declines
Amounting to II cents-Corn Tempo
rariIy Higher Because Of Scant Of
ferns-oats Shows Sympathy With
Gain in Other Grains.

Chicago, Oct 1S.-After q long con-
.inued decline, which has amounted to
II cents a bushel, wheat today turned
strong with shorts covering freely.
Foreign cables created a better invest
ment demand that was increased as
the result of favorable advice from
Wall street. There were signs also
that millers were buying more wheat.
The opening was u to II 4as higher,
and later made additional gains.
Afterward the gain was nearly all
lost Apparent exhaustion Of buying
power was responsible for the reaction.
The close was weak, a shade lower to
shade higher.
Corn.
Corn arose because the pit was bare
Of offerings. Cables were higher and
commission houses all attempting to
buy. The start was 14@ss to 9. @ Is
up. and scored some further advance.
A rapids descent took place later be-
cause of poor demand. The close was
weak, at Is to Il a Is net decline.
Oats.
Strength developed in oats owing to
The bulge in other grains. Leading
houses. tho. sold freely on the upturn
Provisions.
Provisions We're steady because of
the rally in cereals. First sales were
unchanged to * to cents higher.
Lamson Bros. G. Co.'s Grain Letter.
1908 Masonic Temple. Phone 1881
Chicago, Oct. 1S.-Wheat-There was
general commission house buying on
the theory that prices had had break
enough for the time being. Lower
worlds shipments as estimated Tor the
week also had a strengthening lntlu-
ence. Prices at the close were uh-
changed, being a shade lower Tor De
cember and shade higher for May. AS
compared with last Saturday. prices
are about 3as cents lower. The trade
is impressed with the fact that, while
40 new export business is peinS
worked, clearances of domestic wheat
rom July l to Sept. 30 are over o.
600. 900 bushels. or about twice as
heavy as year ago. Business today
was compare lively small, altho it was
noticeable that buying was quite gen
aral on the part of commission houses.
Corn-On a strong Liverpool gable
and as the result of a slight Wavering
in the confidence Of bears, the corn
market opened strong, at the high
point, being about q cent above last
nights close. Liquidation started on
the advance and q sharp decline fol-
lowed, the prices at the close being Is
to "a cent lower. Final figures are
about cents lower compared with
those of this time last week. A slight
Improvement has been noticed in the
cash demand for the week, altho ship
ping demand has not been at all salts
factory to holders Of contract corn,
which was accepted on September de-
livery. Receipts at primary points have
been heavier than last year, wh4.e ship
ments have been lighter.
Oats-The market showed no great
independence today, following in a
large measure the course Of other
grains. During the week the weakness
in other grain markets and continued
pressure of Canadian oats has caused
a decline Of about "a cents. There has
been considerable liquidation of long
oats.
Provisions - Light and scattered
liquidation has it's effect today. Market
ranged lower and closed about the low
point Of the day. There were indica-
tons Of packers support on the weak
spots. but no broad general investment
buying,