Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1913-10-06
HEDGING SALES NORTHWEST
CONTRIBUTE ALSO TO BEAR.
lSH FEELING.
ARGENTINE ADvIcEs
HELD CHECK DECLINE
General Rush to Sell Results in Drop
in Corn Prees-Shorts Eager TO Take
Offerings Of lonss-Syrnpathy With
Corn Depresses Oats Trade-Previs-
ions Ease Off With Hogs.

Chicago, Oct. 6.-World's shipments
much larger than expected induced
weakness today in wheat There was
liso bear pressure because of free hedg-
Ing sales northwest. Reports, however,
that the Argentine acreage was smaller
than a year ago and that growth con-
ditions were urraVorable helped TO
check the decline. The opening was a
shade to Il lower, and there was some
further recession.
Assertions that under the new tariff
Russia and China would ship wheat to
the Pacific coast and that Argentina
would also qualify as a wheat shipper
to the United States, increased the de-
preston. The close was steady, S net
lower.
Corn.
Corn suffered from the general rush
to SELL Longs were unloading and
shorts were eager to take advantage.
The opening was LIS to r down, then
rallied a trife, but later dropped lower
than before.
Coverings by shorts led later to con-
siderable hardening OF prices. but the
effect failed to last. The close was
steady at u to Is under Saturday
night.
Cats.
Sympathy for corn rendered oats
heavy. Quotations. which at the outset
showed loss of Il q IS to Il @ IS. went
still lower before there was any up
turn. Business was not large.
Provisions.
Provisions eased off with hogs. Of
ferings Of lard were especially heavy.
First sales were unchanged TO cents
decline and did not promise to react.
Iamson Bros. & Co. Daily Grain Letter.
1908 Masonic Temple. Phone 1881
Chicago, Oct. 6.-Wheat: New low
prices on the crop were made today
and closing prices Is lower than Sat
urday. Considerable stop-loss selling
was in evidence and chief buying was
by shorts. Foreign news was mostly
bearish. Cables were lower; stocks on
passage increased, and the Canadian
visible is largely in excess of that Of a
week ago. Rain has fallen in that dis
trict Of the Argentine that reported
drouth. removing one of the chief bull
arguments OF Last week.
Corn.
On commission house selling and
lack of support, corn early declined to
y to q cents below Saturdays close,
but the net loss for the day is only Is
to ss cents. Wet weather over Sunday
and a prediction of a continuance of
the same was apparently ignored. Oc-
tober corn declined Is cents. and cash
demand was reported as being very
slow. The visible supply showed an
increase of $4,000. against decrease
Of $4,000 last year. The government
report due after the close on Thursday
is expected to show very little change
in condition for that issued for Sept. l.
Oats.
In the face of weakness in other
grains. oats held comparatively steady.
altho the high point for the day did not
reach the close of Saturday and the net
loss was Is to Il. Visible supply
showed a decrease of 100000 bushels.
Provisions.
Continued liquidation and some
fresh selling, attributed to packing in
terests caused an early depression in
provisions. Later, the market firned
on covering by shorts and on account
of light offerings. There is a lack of
support to the nearby product which
indicates desire on the part of the
holders to let go. Under present con-
6itions we believe that buying orders
should be held for good declines. Cash
trade rather slow.