Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1914-11-10
MARKET TAKES DOWNWARD
SLIDE BECAUSE OF PlLlNG UP
or SUPPLY AT KANSAS CITY.
TRADERS PAY LITTLE
HEED TO HIGHER CABLES
Clear. Cool Weather That Promises
Larger Receipts Tends to Make Corn
Market Weak-oats Show Heaviness,
%he Result Of Decline in Other Ger
eaIs-Provisions Lack Support

Chicago, Nov. io.-Wheat took
downward slide today influenced large
" by the piling up of stocks at Kansas
City and by the semiblockaded condl-
ton of the railroads leading to Gal
weston. Port Arthur and New Orleans.
Traders gave little heed TO higher
cables, falling OF on the European
visible supply or to predictions OF low
er freight rates soon on the ocean. An
adverse foreign crop summary was also
virtually ignored, The opening which
ranged from Is to !. off TO Is and =
up, was followed by decline all
around
Subsequently continued hig primary
the market The close was firm, tho,
at 1@11s to rs cents net decline.
Corn.
Clear cool weather that promised
larger receipts made the corn market
weak Improved demand from the east.
however, helped to check the decline
After starting : 10 IS lower, prices
underwent a slight additional sag
In later dealings the @eakness be
lame pronounced as wheat kept on the
down grade The close nevertheless
was steady, TO lls cents under last
night.
oats showed i1es++-!.?ess, the result Of
the setback in other cereals. a number
OF tired holdH's unloaded.
Provisions.
Provisions suffered from lack Of
support. There was but little selling
pressure on the market.
Daily Grain Letter.
From Lamson Bros. & Co. 203 Ma
sonic Temple. Phone 1881
Chicago. Nov. 10.-Buying power in
wheat seemed 10 have spent Itself and
today general selling by longs resulted
in a decline of IL cents. The chief
news made little difference TO the
trade. Liverpool was ID higher for cash
wheat and the liberal sales for export
continues, but the market had become
top heavy and there were few buyers
to absorb the heavy offerings of the
tired holders. Until the congestion OF
cash wheat at the seaboard points
clears up, there is likely to be con-
tinued heavinesS or. at least. inactivity.
Eventually. however. Europe's great
needs will more than take care of our
surplus.
Corn = The readjustment Of cash
corn values to new crop basis IS re-
Elected in the future market. The loss
of a cent today came about more thru
the selling by discouraged longs than
on account of particular weigh, of
holdings. Anticipation OF heavy
movement OF new corn is me principal
weakening factor. The quality of this
new corn moving TO market Will deter
mine the course Of prices. Best adj
vices indicate that much OF the new
corn will come this way and that the
central corn belt will be relieved OF
the bulk Of its surplus by local mills
and eastern consumers and exporters.
Oats-The feature IN oats today was
the selling of December and buying of
May by commission houses. The de-
cline was not quite as great as that Of
corn and wheat, due 10 4 revival of
export inquiry on the break. following
reports of frost damage N the Argen-
tina. Cash demand was very unsar-
isfactory and oats We're hard 10 sell at
lower than yesterday.
Provisions-Despi a continued i'm
provement in cash meat trade, provis-
ions sold lower under packers selling
following by scattered liquidation. The
market IS largely professional, and on
that account not broad enough to war
rant positive opinion as 10 its future
course.