Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1913-10-21
MARKET DEVELOPS ADDED
sTRENorh OWING TO De-
CREASE NORTHWEST
ANXIETY REGARDING CROP
IN INDIA AND ARGENTINA
Corn Rises Because Of Unsettled Wea-
thor Altho Weak Cables Chsok Buy
ina to Some Extsnt-Osts Bulge Be-
cause Of 0canty offerinss-Provis-
ions Advance on Demand for Lard

Chicago, Oct. 21-wheat developed
fresh strength today Influenced by
signs that the sharp decrease in north
western receipts would prove lasting
The falling OF at Minneapolis and Du-
!uth continued. with Winnipeg also
moderating somewhat Anxiety regard
ing the Argentina and Indian crops
also counted against the bears. The
opening was 1s@A to H@ss higher.
Despite free selling on the advance
the market help up well. Closing prices
were steady. 4 to 4 and IS above last
night.
Corn rose because Of unsettled
weather altho weak cables checked the
buying to some extent. The market.
which started unchanged to Is q Il
higher. made a subsequent further
gain.
Prospects OF Increased feeding be-
cause of lower temperatures prevented
any important reaction. The close was
5rm, at u to II and IS net advance.
Oats.
Scantiness Of offerings made oats
bulge more decidedly than other
grains. Several large concerns were
conspicuous buyers.
Provisions.
Provisions rose in response TO a fair
demand for lard. Transactions at the
outset varied from 2ha cents off to ~
cents advance and later climbed
higher.
Lamson Bros. & Co. Daily Grain Letter
1903 Masonic Temple. Phone 1881
Chicago, Oct. 21.-Wheat-AItho
trade in wheat was rather dull. there
was no special pressure on the market
and an advance Of about Il cent is the
net result Of the days trading. North
western receipts are small, as COM
pared with last year, and the move
ment in the southwest has proved
rather disappointing: IN fact shipments
from ST. Louis and Omaha exceed the
receipts. Clearances for the day were
light and mostly Of Canadian wheat.
Bradstreet's figures on the worlds Wis
ible supply Were delayed, the only fig
ures available being from Canada.
which show an increase Of 1000, oo0
bushels more than year ago.
Corn-Corn opened steady and ac-
vanced on local buying, which was
largely based on unfavorable weather
overnight and the PREDICTION Of unset
tied weather for tomorrow over parts
of the corn belt. The eastern demand
was reported better and prices at the
sample tables were about y cen,
higher, on the advance. Country Offer
ing were a little heavier, altho, in the
aggregate. the volume was moderate.
Profit taking and renewed pressure
from the leading bear interests caused
slight reaction and closing prices are
only 4 cent higher.
Oats-Oats followed the advance in
other grain until near the close, when
nearby deliveries was depressed by
hedging sales against another cargo
of Canadian oats, but to come to Chi
cago. December closes "a cent higher,
while May 4 TO 20 higher than yes
terday. Cash demand was fair, with
sales Of 355.00o bushels. The future
action Of oats seems to depend largely
on the possibility of further imports
from Canada
Provisions-Prices held well In spite
OF the fact that the hog market was
slow and from to 10 cents lower
Packing interests are in the position
OF desiring higher prices to merchan-
disc their surplus stocks and, at the
same time buy hogs at profit. At the
present time, provision prices are out
Of line with the price Of hogs. If re-
ports from the country may be relied
upon, the winter run Of hogs will Drove
disappointing.