Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1913-11-12
RAINS. N Argentina
EASE WHEAT PRICES
BENEFICIAL MOISTURE IN PAM.
PAS DISTRICT GREAT AID
TO CROP.
DOMESTIC WINTER CROP
CONDITIONS FAVORABLE
Corn 10 Lower Because OF the Fine
Weather and Weak CabIes-oats
Drop Lower With Other Grain and
Small SaIss by Commission Houses
Hoo Cholera Supports Provisions.

Chicago. Nov, 12.-Benehcial rains
in the pampes district OF Argentina
gave the wheat market today an easy
tone. Reports were at hand also that
the growth condition Of the winter
crop in the United States is extreme
~ favorable. It was estimated that
the winter acreage had been increased
more than Is per cent compared with
a year ago. Opening prices. which
showed u to y decline, were followed
by a material further setback.
Later dispatches told Of heavy rain
in other drouth districts Of Argentina
and led to a great deal Of uquidating
by longs. The close. however, was
firm. y under last night
Corn.
Fine weather and lower cables pulled
down corn. Rural offerings, however,
continued light. After starting Is GA
to A@A off. the market suffered a
further sag.
Profit taking by shorts checked the
decline. Steadiness prevailed at the
close. which varied from a shade off
to u up, compared with last night.
Oats.
Commission house selling in small
lots proved sufficient to carry oats
lower with other grains.
Provisions.
Provisions had fairly good support
owing to advices that hog cholera. Is
seriously prevalent in most Of the sur
plus corn producing states. Transac-
tions seemed inclined to keep with 21a
cents either way from last nights
prices.
Lamson Bros Daily Grain Letter.
(203 Mason Temple, phone 1881
Chicago, Nov. 12.-Wheat-Broom-
hall reported heavy rains in Buenos
Aires, Cordoba and the Pampas regions
OF Argentina, which caused an early
drop in our market. Private reports
later said that rains were inconsequen-
tial and q part Of our early loss was
regained. Closing prices are g to a
cent lower. The price current con-
tinues to estimate liberal increase in
winter wheat acreage, suggesting now
Is per cent, with conditions generally
very favorable.
Corn-Fair weather. with a continu-
ance OF the same forecaSted Tor all sec
tons OF the corn belt, was responsible
for the free commission house selling
early, and a consequent decline of
about y cent Reports Of liberal sales
here and strong cash demand in other
markets caused a recovery Of the loss
and closing prices are practically un-
changed. It is quite possible that there
has been some duplication Of reports
of cash sales here The price current
is bearish on the ground that new corn
will soon be moving freely and that
consumption requirements will be ma
terially reduced by the inroads Of hog
cholera in most Of the surplus corn
producing states.
Oats-Oats were steady at the close
and prices practically unchanged
There was little interest shown in the
market and the action followed the
variations in corn. Western consum-
ers are reported as being we'll satisfied
with the Canadian oats, and in some
Instances are showing anxiety to trade
their contracts for domestic oats fol
the Canadian product.
Observation-Disclosures were slightly
tower, but rallied on influential buying
which resulted in a recovery of the
decline in prices The close was firm
at moderate gains from yesterday. Cash
trade was fair.