Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1913-10-28
MORE REAssURINo CROP PRE-
plcTIoNs TEND TO SHOVE
PRICE DOWNWARD.
aHARP DECLINE At
~ LIVERPOOL REPORTED
Corn Seeks Lower Level Because Of
Selling Pressure Based on Weaker
cahlss- Oats Prices Dreep With
Other Grain But Entire Loss is Later
Reconsideration Sag.

Chicago, Oct. 2s.-More reassuring
crop advices from Argentina gave the
wheat market today over to the bears.
Liverpool had declined sharply from an
early advance. Continued liberal re-
ceipts at Winnipeg tended to discour-
age the bulls. The opening, which was
q shade to !. and IS lower, was fol-
lowed by a greater decline.
The drouth in Argentina was said
20 have been relieved except near
Bahia Blanca. Accordingly the market
after recation fell lower than before.
The close, tho. was steady at loss
of Il net.
Selling pressure based on weaker
cables carried corn to a lower level.
Commission buying, however. develop
ed after the dip. The opening was I'M
changed 4 to q off but a rally that
ensued put figures well above last
night.
Cold and snow in Kansas and Ne
b, aska, which will bring about heavy
feeding, had a strengthening influence.
'rhe close was steady, Is q 4 above last
night
Altho oats eased off with other grain
the loss was entirely regained. Trad
ing was light and scattered.
Provisions.
Provisions sagged because OF de-
cline in hogs. First sales were 2l4
cents down to 2l1s cents up with later
transaction lower.
Lamson Bros. & Co. Daily Grain Letter
1908 Masonic Temple. Phone 1881
Chicago, Oct. Saskatchewan an
easier situation in Liverpool and on re-
ports of beneficial rains in the Argen-
tine, the wheat market opened easier
and at no time during the day was the
news sufficiently bullish to cause val
ues to advance to last nights closing
figures. The market acted within a
range OF only about half cent and
closes 4 cent easier. News OF the
DAY was moderately bulltsh. Brad
streets increasing only 100000, as
compared with 100000 last year;
primary movement Is light, both re-
ceipts and shipments being about halt
of those or a year ago. w lnnipeS Gull
tinues to report fair export sales.
CONGRATULATIONS Of another snow
storm over a large portion Of the corn
belt gave a firm tone to the market
aItho early in the day realizinz sales
gave an appearance of weakness. Local
traders, who are bullishiy inclined, took
the slack out Of the market and. with
the uneasiness caused by storm pros
poets, prices advanced about g from
the low point and close Is q Il higher
than yesterday. Receipts continue
light, but the demand is corresponding
ly slack that cash prices followed
largely the course OF the futures.
Oats-Selling pressure in oats from
the same source as that OF yesterday
checked advancing tendencies. the
market closing q to Y cent lower. An
easy undertone prevailed, most Of the
buying coming from local buyers
Little was heard today Of Canadian
oats. and primary receipts are light
being less than half those of year
ago.
Provls!ons-Scattered realizing sales
brought an easier tone to provisions
early but on the decline there was
covering Of short ribs by one of tbs
leading packing houses and limited in
vestment demand. Closing prices were
firm and higher for practically the en-
1icf