Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1914-01-02
yANoGNTlNE TAREaHiN0 RE,
aksANs AND MEAoER SHIP.
M9NTs ARE FACTORS.
NoRTHvsEsT RECEIPTS
EXPECTED 10 DIMINISH
unsettisd Weather Puts Strength Into
coen-Rural Offerings Inclined to Be
Seanty-oats Harden .With Other
Grain Bve TradlRg 10 Scattered
Provisions Make Gains With a4oss.

Chicago, Jan. 3-Wheat showed
decided upward tendency today. main
~ in response to higher cables. Argen-
tine shipments were meager. Thresh-
ing returns were also disappointing
Besides, wintry conditions northwest
of here indicated that receipts would
continue to diminish. Opening prices
we're a shade to cents up and sub
seauent material advance followed.
Much foreign buying here was re-
ported. Advices, however. that the
winter crop was in perfect condition
led to a reaction. The close was
steady, X lower to 7s@A net higher
than Wednesday nights closing.
Corn.
Unsettled weather put strength into
corn. Rural offerings were inclined to
be scanty. The market opened I'M
changed, 1s to u higher, and scored
further sharp gain.
Active purchasing for speculative
meat packer had much to do with the
rise, but the gain was not held. The
close was weak, unchanged to Is net
lower.
Oats hardened with other grain.
Trade, however. was only OF scat
tered sort.
Provisions.
Altho an advance in hog prices gave
steadiness to provisions the market
showed no signs of being fully con-
trolled by the bull side. First sales
varied from 5 cents lower to tx cents
% keep within that range.
Daily Grain Letter.
ILamson Bros. & Co" 2o3 Masonic
Temple. phone 1881
Chicago, Jan. 2.-Wheat-Repor1s OF
damage and unfavorable threshinS re-
turns from Argentine brought higher
cables and consequently higher prices
here early in the day. but at the close
most of the advance had been lost.
May closing h@A higher than We'd
nesday, while July was 1s lower.
Favorable comment by the trade jour
nails on winter wheat conditions ana
late weakness in corn were respon-
sfble for the decline. Light receipts at
domestic markets encouraged holders,
while the approach of the heavy ship
ping season from Argentina makes the
short side more attractive to large
proportion of the trade. The fact that
weakness in other grains was suffi-
cient to influence the break today In
dicates that holders are not as firm
in their convictions as is necessary to
make bull market.
Corn-Iight receipts and general
precipitation over the central west give
a firm tone TO the corn market early
in the day. The cash market opened
with little show of strength and futures
soon lost their early advance demand
q surplus Of mixed corn is burden on
the market.
Oats-The cash situation and the
lack Of strength in other grains were
responsible for a decline Of % cent In
May oats. July closed unchanged. The
country now appears more willing to
sell oats on advances, and Canadian
oats are waiting to take advantage OF
any Improvement in the price.
PROFESSIONALISM early advance III
sympathy with hog and corn markets
was lost on account Of fairly liberal
sales by holders and packing interests.
Further pressure resulted from selling
In anticipation of bearish statistics Of
stocks of provisions.