Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1914-09-08
WHEAT PRICES BREAK
ONGERhAN REV[RS[S
SUMoRs OF VICTORY FOR ALLIES
CAUSE SHARP DECLINE IN
QUOTATIONS.
RECESSION is AS GREAT
AS ga CENTS IN SOME CASES
Corn TURNS Heavy With Wheat and
Longs Show Noticeable Disposition
10 Reaiiz-Oats Respond to Talk Of
Peace Almost as Readily a. Wheat
Grain Weakness Felt in Provisions.


of victories OF the allies near Paris
and because OF talk thai peace might
come with as surprising snduenness
as had characterized the beginning OF
the war. General selling set IN al the
start and there was no check TO the
decline until prices had recedsd as
much as 81. cents IN some cases. The
greatest setback was in September de-
livery, which fell 10 SIS. Later De
cember rallied 10 Sis Changes in
other months were less violent
Conservative opinions that peace
gossip was premature helped 10 pre-
cent extreme weakness from recurrins.
There vas also considerable evening up
o prepare for the United States gov
eminent report. The close was heavy
al 10 5ic cents net decline.
Corn.
Corn turned heavy with wheat
Longs showed a noticeable disposition
10 realize, After opening = lower 10
!; advance the market underwent an
all-round decline, averaging cent
September was more depressed than
ctner months, eastern eieti4eii.c N'.-iS
slow The close was nervous al -. 10
IS cents net decline
Cats.
Oats responded 10 peaoe talk almost
as readily as whea. lid. Il was said
tina, export sales were small
Provisions.
Grain weakness made itself felt
with decisive effect on provisions.
Higher prices for hogs formed only
temporary obstacle.
Daily Grain Letter.
From Lamson Bros & Co. -93 Ma
sonic Temple. Phone 1881
Chicago, Sept S.-W heat-Lack o.
fresh demand for wheat. m a specula-
live way caused an easy tone TO the
market when recent buyers attempted
10 take profits on account OF peace
talk from abroad. The closing strength
in Liverpool Saturday and clearances
II nearly ., 500, 900 bushels for two DAYS
were lost sight Of III market which
declined more than the amount of the
gain last Friday. Receipts Of wheat
and hedging sales are exe--:ng q de-
pressing influence at tne moment. but
foreigners appear to be quietly picking
port issued after the close makes a
reduction Of $4,000. 00o in the estimated
spring wheat crop. Total United States
wheat crop will. Therefore. be see O06,-
600. according TO the government re-
port.
Corn-Continue6 duh demand for
cash corn except from warehousing
interests taken with the stump in other
grain markets caused break Of u
TO IS cents IN corn with September
leading me decline. Purchases made
in the country during high prices in
August are still moving so that, with
lack of shipping demand. accumula-
lions are taking place st terminal
points. The governm er- shows LITTLE
change from las, month and with
crop little larger than that Of last
year. another year Of high prices seems
reasonable.
Oats-4A rush Of realizing sales IN
oats resulted in weakness, closing
prices being at close TO the low marx
Of the day. This reaction is not IN
expected after Sustained advance Of
about is cents. On further declines
we believe that the foreign and dornes-
tic buying Will oe sufficient to cause
further advance.
Provisions-S,rength In the hog
market failed 10 hold provisions
against T-aSaess Ii =feins. The o.
ume Of trade IS moderate.