Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1914-11-16
REDUCTION OF ITALIAN IMPORT
DUTY FURTHER ENCOURAGES
BEAR TRADERS.
LARGER HOUSES TAKE
TO THE BUYING SIDE
Cold Weather Has eearish Effect on
Corn, With Traders Leaning TO Wow
That Receipts Would 30 More Lib
eraI and Grading Aish-oats Sym
,athixes With Corn Decline,

Chicago. Nov. l6.-Reports that Eu-
ropean bids were the highest In more
than a fortnight tended today to put
strength Into wheat. The reduction o.
the Italian import duty gave further
announcement TO the bulls. Most Oh
tho larger houses took TO the buying
side. After opening y and 4 on 70 =
and - up, prices made a slight senerai
gain and then steadied at little ABOVE
Saturday nights level.
Later a huge increase Of the visible
supply total brought about considerable
raaction In prices. altho belief was
widespread that the crop movement
had reached maximum. The close
was steady, ~ rs to 2 q Is net lower
Corn.
Cold weather had a beartsh effect on
the corn market. Traders leaned to the
view that receipts would be more I'D
eral and the grading high. The open
ing. which varied from u to y cent
lower. was followed by an additional
moderate decline.
Absence of any expert call led to
continued depression. The close tho
was steady, at g TO rs cents net de-
cline.
Oats showed sympathy with the
weakness Of corn. Transactions, how
ever, lacked volume.
Provisions.
Packers buying boosted provisions.
AT first the market sagged on account
of selling on the part of floor traders.
Daily Grain Letter.
lFrom Lamson's wire, 203 Masonic
Temple. Phone 1881
Chicago. Nov. 16.-Wheat-Local
traders were unable to bull wheat
without outside assistance and the sell
ing of long wheat by pit traders near
the close caused decline OF about l
cent per bushA and made final figures
half and y TO Is a& cent lower than
Saturday. Any suggestion OF peace
talk results in almost panicky con-
dition in the pit since the experience
Of last week. During the latter part or
last week and again today an excell-
emit demand Tor wheat was noted in all
markets doing export business. The
most depressing influence In the mar
ket was an Increase Of 5.535.000 bushels
in the visible supply, making the total
over 100000. as compared with aboi
$4,000, 900 at this time last year
Corn-Of the 573 cars of corn in the
days receipts, all but eighty cars were
new corn. A little selling OF Decem-
Der by cash houses and pressure from
local bears resulted in the nearby de-
livery being weak and closing rs cent
lower while May lost Is cens. The run
of new corn is unusually early and is
finding a ready sale at fair prices, as
compared with futures. Today's re-
ceipts were well cleaned up by ship
pers and Industries altho the price for
cash corn was TO cents lower.
Oats-Oats sold within a narrow
range and were largely thru sympathy
with corn. Some expert business was
being worked and the visible supply
showed decrease OF $4,000 bGshel for
last week. Total stocks are little heav-
Ter than last year despite tn efact that
primary receipts. since the first of Au-
gust, have been exceptionally heavy al
over 100. 000,0 5000 bushels. The feature
in the cash market was the shipping
demand for today's receipts.
Provisions-The. gradual decline ir
hog prices, after a sharply higher open
ing. was reflected in lower and easier
provision market. The closing was If
regular Cash trade fair. Stocks OF
provisions as shown by report today
are expected to be builish.