Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1914-11-17
BIG VISIBLE SUPPLY
AID 70 WHEAT BEARS
ANARa<Er Says AFTER SHOWING
SOME FIRMNEss At THE
OPENING.
NORTHWEST RECEIPTS IN
EXCESS OF YEAR AGO
Ideal Weather For Auskins, Grading
and Moving Corn Puts Bears in Con-
troll Of Market-Oats Turn Down.
ward With Wheat and corn-Pro-
visions Easy.

Chicago, Nov. 17-After a little f1rm-
ness at the outset today wheat showed
a tendency to sag. Northwest receipts
showed an increase over q year ago.
and there was noticeable caution
among buyers who had to confront the
fact OF an immense visible supply and
q well recognized inadequate export
clearance. Higher foreign cables had
only a temporary effect The opening.
which was u to u higher, was fol-
lowed by moderate setback all
around.
Late in the session the market rallied
sharply as a result of active buying,
said to be large, for seaboard accounts.
The close was steady, IS to IS above
last night.
Ideal weather for husking, grading
and shipping put the bears in control
OF the corn market. Eastern demand,
however, was somewhat improved. At
ter opening IS to Is off, prices contin-
ued to decline.
Corn recovered when near the END
of the day wheat began to climb. The
close was firm at the same as last
night to shade off.
Oats.
Oats turned downward with wheat
and corn. Business for the most part
was In small lots.
Provisions.
Liberal arrivals of hogs made pro-
visions easy. Fairly good support de-
veloped tho on the decline.
Daily Grain Letter.
[From Lamson Bros. & Co, 2o3 Ma
sonic Temple. Phone 1881
Chicago, Nov. Il. = Wheat-Urgenc
selling of wheat was we'll taken by cash
interest and shippers and recovery
of over cent per bushei from the low
point resulted. At the close, December
was * to - higher. while May had
gained "a. Export orders were caught
on the break and eastern buyers were
here with good bids on large quantity.
Again, export sales are reported at
over one million bushels. Bradstreet's
worlds available increased about
5000, 900 bushels and the total Is now
1884, 900 or 100000 less than last
year at tbs tine.
Corn-After a lower range turnout
the day, corn closed unchanged from
last night. Continued clear, cold
weather resulted in scattered liquida-
ton and some local pressure. The
gradual absorption of offerings by
commission houses and cash handlers
was responsible for the recovery. The
decline Is said to have resulted in far
mers in refusing to sell and advices
of fresh consignment are lighter Ex-
cept for deferred shipments, shippers
are unwilling to contract ahead in large
quantities on account Of light stocks
and consequent inability to secure
large lots. The total available supply
is less than year ago by 1,250,000
bushels.
Oats-Oats failed to reflect the early
easiness of wheat and corn and the
prices were q shade higher than yes
terday. Cash demand, both for export
and domestic use. was fair and char
tiers were reported for 400, 900 bushels to
Italy. Australia is also reported as
bidding for oats on the Pacific coast.
Provisions-Heavy receipts of hogs
at western points and lower prices
caused a downward tendency in pro-
visions. Selling was sea tered and of
a general character Packers were
credited with being on the selling side.
An unsatisfactory demand for cash
product was also reported. Heavy re-
ceipts OF hogs are estimated for to-
morrow.