Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1913-12-04
IRI[NDNA REPORTS
! PUSH WHEAT HIGHER
teaop 1AIp 70 81 100000 BUSH.
ELs UNDER PREVIOUS
EsrlMArEA
aRuLiNo PRESSURE FROM
AUSTRALIA 10 INCREASING
Corn Hasdsns Because Rains In Ne.
Drasica Tend to Delay Reeeipts-
Duylne BY Prominent House Makes
oaes Market Buiish-Shorts Find
Few Settlers q December

Chicago, Dec. k-pspatches from ar
important trade interest in Argentine
asserting that the crops there had been
changed to the extent Of 30,00o,00o
bushels gave wheat today an upturn
In addition Russion offerings were re-
ported light. On the other hand SELL
ing pressure from Australia was in
creasing, and the weather northwest OF
here improved. The market opened u
cent of to a shade higher and then
made gradual ascent
Buenos Aires cables telling Of dam
age by frost later counted against the
bears. Active business in -four east
aided also in advancing the market.
The close was steady, 3 to Is net
higher.
Corn.
Rain in Nebraska tending to delay
receipts hardened corn. Demand, how
ever, was not brisk. Prices started at a
sixteenth down to a like amount up.
and made a slow advance with Deem
Der in the lead.
Bad roads interfering with delivery
to elevators in Illinois put additional
firmness into the corn market. The
close was strong, IS to :. above last
night.
Oats proved responsive to buying by
prominent houses. Shorts found but
Jew sellers &c Decem her
Provisions.
Excessive supplies Of hogs weakened
the provision market. First sales were
q shade to cents lower and a further
decline followed.
, Lamson Bros. & Co.'S Grain Letter.
1908 Masonic Temple. Phone 1881
Chicago, Dec. 4.-Wheat-Opening
unchanged to a shade easier and at
the low point of the day, wheat showed
healthy, firm undertone and ad-
vanced Is to = cent, closing ct prac-
tically top prices Strength in Win
nipeS was the most influential fea ture.
There was a renewal Of reports of un-
usual advancement Of the winter
wheat crop. There were also reports
that the Argentina crop had been bad
1y damaged allho conditions now are
more favorable. All these facts taken
with the strength in coarse grains
brought free covering by shorts and
the consequent advance all thru the
market. at no time, was very broad.
Corn-Corn was strong thruout the
greatest part OF the session, closing
near the top with advances OF e to
e cent. Stop-loss orders were received
on the advance and the December de-
livery advanced at times to a cent over
the May. Cash markets were higher.
especially In the southwest which nc
doubt had considerable influence on
the speculative trade. A small amount
of new corn was not accepted as Of
high enough quality for the making OF
contract corn and this action of the in
specting department was construed as
bullish.
Oas-The oats market was again the
strongest Of the grain list, advancing
about l cent for the day. Strength in
Winnipeg was an important factor,
altho domestic conditions appear bull
ish. The promptness with which De-
cember deliveries have been absorbed
hasl been a surprise to the trade,
which has been SO generally bearish.
Oats today are the cheapest stock feed
obtainable and, on account of the
scarcity OF corn, are being consumed
at an unusually fast rate.
Provisions-Bearish hog news again
depressed provision prices, altho losses
were not great A better tone in all
other markets. especially in stocks and
grain, undoubtedly helped the pro-
vision market to take care of liberal
liquidation and come selling Of lard
and ribs by the largest packers. Cash
trade continues to be reported as fair
Tor this time OF year. the recent slump
in hog prices Is likely to cause a cur
railment Of the movement and result.
in a steadier hog market as well as
better provision values.