Rock Island Argus. (Rock Island, Ill.) 1893-1920, 1914-03-20

buying of Patten faction. PIT talk Is
that Patten is still short corn. Inter
Ocean claims Patten offered mixed
corn to St. Louis ON basis of the ad-
vance but it was not accepted.
Southwest corn market should sell
at least four cents above Chicago.
Sentiment indicates that ali corn
months will settle near 7O-cent basis
pending further news. While the
southwest news of Thursday did not
justify the advance the bear side or
corn Is rendered questionable. Bulls
figure liberal dip buying.
Waterloo. Iowa reports Kansas bids
for corn to cents above other bids.
Receipts of wheat, corn and oats at
primary points will be small for some
weeks during springg farm work.
Wheat crowd expects a dip in wheat,
but is discarding its bearish ideas.
a scoring market held in line by
small receipts is expected. Provision
bears are so disguised with the rigid
ity of products that they have with
drawn their forecasts. Bull leaders in
corn believes the trend will be higher.
20 Cent Corn; 90 Cent Wheat.
Chicago. ILL.,, March 2O.-The March
1914 corn rally is based on the south
west crop failure of last summer and
the trifIing reserves of March last
All old corn months should appar-
emily assume 10 cent level and the
Argentine surplus still labelled huge"
"monstrous'' and the like is a burden
that must be carried by our 1914 new
crop prices, not our old.
In bull year corn has a disagree
able habit (for bears) of advancing
to new and permanent levels at end
of March.
We repeat, corn receipts should
dwindle and Chicago receipts during
April should not exceed 2,7OO, 900
smallest in years, while shipments
should exceed 100000. Recent ship
ping pace from Chicago has been 81
10000 to 100000 per month
Our southwest correspondents says
dry March is always followed by
dry April. Around Wichita. Kas..
wheat has stooled with from so to 800
shoots per grain. A perfect mat on
the ground.
The amount of wheat growth and
foliage is so ample that it will require
three to four times the usual spring
moisture to force the pant along.
The 1894 provision market re-
mains a rigid affair. No break of
consequence for six months. No sign
of large summer hog supplies. Stocks
liberal but hog costs high, without eff
fort. Lard still a passenger with its
amazing world supplies and very poor
February exports from United States
of 35.000.000 pounds-56, 100000 last
year. Pork, lard and ribs should have
more elasticity-should break more
eXtensfvely-shouid recover promptly.
Market, however, continues muscle
bound" and will evidently drift into
April with the recent customary Der
% to 40 point occasional de-
clines. 1t is too late in the season 10
produce vast armies of hogs headed
for the packeries where every hook is
loaded at one minute past Z a. m.
The 1913 worlds record wheat crop
Of 100000 to 1000. 900 bushels failed |
10 bring cheap wheat-to produce the |
low levels that are harped upon dur
ing big crop years. We believe that |
1914 will be a similar disappointment !
despite the size of our winter wheat |
promise. United ta.es 1914 ex-
ports will exceed 13O, 900 and the !
world cannot assume its 1914 new /
wheat crop size with any degree of |
before June 10.