Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1914-01-08
lB|)[N()S AIRES NEWS
MAKES CORN DECLINE
ShARP RECESSION IN PRICES DUE
TO LOWER QUOTATIONS
IN ARGENTINA
St44PaaENrs EXPECTED TO
GAIN IN VOLUME HIS WEEK
Wheat Prioes Affected BY Course Of
Corn Attic OHsrinss Are Light
Covering by Shorts Makes Oats Firm
At Outset but Market Later SymPa.
thixoe With Corn.

Chicago. Jan. S.@Sharp declines IN
the price Of corn at Buenos AyTes car
Iied the market here down grade today.
There were predictions that Arsen-
tina shipments would gain In volume
this week. In addition mild weather
In the United States appeared TO show
thar demand from feeders would con-
tinue scaut. The opening was q q =
to IS lower. After slight ran! tne
market broke nearly ! cent.
Free selling by a large mouse re-
suited in values being 1ur.her oe
pressed. The close was steady at Us
nd IL TO 1ss and IL cent net decline.
Wheat.
Wheat was affected by corn. Oret-
inss were light Prices started a
shade to !. 4 off. hardened pie anu
then sagged again.
Strength at Liverpool brought about
a firmer feeling later but the enect
failed to last. The close was nervous
Aand q to ss cents uuder last night.
Oats.
Altho covering by shorts made oats
Arm at the outset, the market later
eympathized with corn.
Provisions.
Higher prices for2 hogs lifted pro
visions. First sales varied from cents
and ~ cents to 1914 cents higher ana
there was a subsequent gain.
Daily S-a:., Letter.
1amson Bros. and Co, 203 Masonic
Temple Building. Phone 1881 !,
chicago. Jan. Wheat-Markeo
weakness in corn finally affected Wheae'
which was steady early, and the Gloss
was at losses Of from 4 to % cents,
Gables were higher, and c-earances Oh
domestic wheat and -four were hea'ie.
than for some time. Receipts OF "Hea'
at both domestic and Canadian mar
kets are comparatively light and shIp-
ming demand only fair. Nothing IN
sight indicates any change from rece.is
rather monotonous range between ~
and 90 cents. -
Corn-The pressure on little ao-
yances from holders with heavy losses
IS such as to prevent. as 1t did TO-DAY
anv material rally. The consumptiVe
demand for corn u.s. II anything, worse
than it has been, and Argentina corn
continues to be offered to correspond
with our decline. New Argentina corn
for April shipment is SAID 10 pe
offered in Liverpool at 81 cents. NO
one but industrial buyers in this ccun
trv are willing to take the risk OF ous
ing new Argentina corn on account u
fear of poor condition. Cargoes OF AT
eentina corn now arriving are Oh ea.
cellent quality and are being ABSORBED
by the consuming trade. Inc soulh-
west is supplied partly by the Afsen-
tina offerings and partly by their
III yh
much OF the corn at southwestern
markets ts held in anticipation OF
southern demand rather than TO MI
shipping sales. We still feel that
nrfces must work to level at which
consumers will relieve US somewhat OF
orr accumulation Of winter-She!!ed
corn. ,
Oats-Altho this market maintained
a good tone, as compared with corn, the
situation in the two grains is not ma
terially different except that there -
a somewhat better shipping demand
for oats than for corn. Farmers and
grain dealers are slow In making the
adjustment which 1t Will be absolutely
essential to make in view Of importing
conditions which prevail under the new
tariff. While farm consumption has
undoubtedly been heavy and WINE
eastern consumers are using oats rath-
er than corn wherever possible, coun-
try elevator stocks are fairly heavy
and may come on the market during
the next sixty days.
Observation-Disclosures buying, due
partly to price current report on the
scarcity Of hogs in the corn belt, ad-
yanced prices. Farmers, in ant!cipa-
ton Of extremely high prices for corn,
have, with some unanimity been In
clined to feed but few swine in order
to have more corn to sell and the re-
suit is likely to be high prices for both
live hogs and product before new crop
of either corn or hogs will become
available.