Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1913-11-05
WHEAT SHOWS GAIN
AF1[R weak START
ADVANCE DUE TO VARIED BULL.
l&h DOMESTIC AND FOREIGN
CONDITIONS.
DRloHTER CROP PROSPECTS
WEAKEN LIVERPOOL MARKET
Winter Wheat Acreage In America
Greatest Ever known-Corn Market
Weakened Because Of Fine Weather
Tfruout Entire 1sIt-oats Follow
Corn Down Grade.

Chicago, Nov. Sin the face Of a
number Of bullish foreign and domestic
conditions wheat today showed q rally
after weak opening. Liverpool cables
were lower on good reports regarding
the Canadian and Argentine crops. Re-
United States, indicating that the
acreage this year will be the largest
on record and is likely to be 10 per cent
in excess Of last year, combined with
the foreign news, tended to depress
prices at the opening and they showed
net decline Of Is to II @ss. Some of
the leading houses took advantage of
the dip to buy and came into the mar
ket SO strongly that there was a re-
covery Of u to Is.
Support later was withdrawn and
the early rally was more than lost. The
close was weak at a net loss of Is to
Y.
Fine weather thruout the corn belt
weakened that market. The opening
was Is q 4 to IS q " net lower and the
market seemed inclined to keep within
that range.
Depression continued almost uninter-
ruptedly. The close was nervous at a
net loss OF Is to l cent
Oats.
Oats followed corn down grade and
business was small. The opening was
Il to Is off and then prices steadied.
Provisions.
General liquidation carried provision
prices down. First prices were to liz
cents down and there was a further de-
cline.
Lamson Bros. Daily Grain Letter.
1908 Masonic Temple, Telephone 1873
Chicago, Nov. s. Wheat - Altho
trade was comparatively light, Moth
ing in the news was sufficiently bullish
to create buying power and prices
were a cent lower on the active fu-
lures before rallying. The loss for the
day was Y q q cents. Worlds stocks
increased about 100000 bushels. The
northwestern movement showed some
increase and country offerings were
said to be the largest on the crop.
Coma loss OF about l cent a BUSH
ell in all future delivery months os the
net result Of the days trading and
time. Fair weather and a prospect Of
it's continuation led to liberal liquida-
ton. A lack OF investment buying
shows that sentiment generally does
net regard the situation in corn as
being acute and gradual readjust-
ment Of price between corn and other
grains seems to be taking place. Ex-
perts are gradually raising their esti-
mates Of the production and he Iarry-
over is generally regarded as very Ii
beral The crop is undoubtedly short
one but with the economics practiced
and the liberal carry-over, present
prices seem to discount the crop short
age
Oats-An over-solid condition which
had developed in oats, was responsible
for a steadier market than in other
grain. Shorts covering and less pres
sure gave the net decline of only 1s
and n cent to Il cent.
Provisions-Provision showed a
sharp decline and opening prices in
provisions were under this influence.
On the break there was demand from
shorts and some buying thought to be
for foreign account. This gave the
closing prices frmer tone. Cash trade
is again reported slow. We continue
to feel that the movement of hogs and
the slack demand for cured meats will
operate against higher levels at this
season of the year.