Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1914-11-06
DISPATCHES CONCERNING AR
eENTINA CROP HAVE DIS.
ouiErlNG EFFECT.
WEAK HOLDERS IN CHICAGO
GENERALLY HAVE uNLOADED
Active Shipping Demand For Corn
Causes Exporters to Look About For
Lots Available For Prompt Deliv-
ery-Arsentina News Tends to Hoist
Oats Values.

Chicago, Nov. 6.-Fear OF extensive
crop damage in Argentina gave lift
today to the price of wheat. The mar
ket at Buenos Aires was said to be
advancing on account of cold and frost
and there were dispatches from Liver
pool that referred to the Argentina
conditions as having disQuieting ef-
feet. Apparently weak holders In Chi
cago had been generally unloaded and
the buyers were OF q stronger charac-
ter. The opening. which varied from
hGA off to Il a Is up. was followed by
a moderate rise all around
Big primary receipts acted later as a
drag on prices and so also did scarcity
OF ocean freight room. The close,
however, was strong, y to s. and q
above last night
Active shipping demand rallied the
corn market. Exporters were said TO
be looking about for lots available for
prompt delivery. After opening Is TO
81 down. quotations assembled well
above last nights level.
a setback took place later when
wheat turned back but the effect wore
off The close was firm. IS and 3. TO
q above last night.
Oats.
Cats. IKE wheat responded, to re-
ports of frost damage in Argentina.
The losses there were estimated at Is
per cent OF the expected yield Of oats.
Provisions.
Shorts covering made the provision
market firm. Offerings were scant
owing to the stoppage Of hog receipts
here beginning tonight.
Daily Grain Letter.
[Lamson Bros. & Co. 2o5 Mason tenn
pie. Phone 1881
Chicago, Nov 6-Wheat: Wheat was
irregular and gave evidence early of
being over-bought A break was met
by export buying and this, with ap
prehension In regard to the Argentine
crop, resulted in closing X to y cent
higher than yesterday. No definite
frost damage In the Argentine Is re-
ported but the Liverpool market re-
Elected uneasiness from this source.
South American conditions are being
watched more closely than usual ow-
ing to the fact that the outcome Of
the crop viii have much to do with
the worlds shortage for 1914. The
United States is seeding a large crop
and the condition Of the growing grain
is handicap to permanent advances.
but it should be remeIu bered that the
bulk OF Chicago receipts are cons!gn-
ments on previous contracts or are ar
irving here simply to procure Chicago
Inspection and being forwarded at
once TO the seaboard Lack Of vessel
room is the main drawback to a large
export business as foreign demand
shows no abatement.
Corn-Local traders sold too much
corn on the liberal Argentine shipments
and the belief that new corn is about
to come forward in large volumes The
cash situation and the prospect for I'M
settled weather were against the short
seller and closing prices are at an ad-
vance of q cent. Industrial buyers
took the new corn in preference 10 the
old at the prevailing difference in the
price and exporters bought both new
and old in the largest volume yet re-
ported in a single day. The quality of
the new crop makes 1t possible to sub
stitute new for old corn unusually
early. both by industries and shippers
Oats-Oats syrnpathized with other
grains and the market also received
same strength from reports of frost
damage in the Argentine and the rumor
that Canada aas buying oars in the
American northwest. Export demand
is not quite so keen.
Provisions-The provision market
broadened materially with a better
general demand and free covering by
shorts. Packers and profit taking
longs supplied the bulk OF the offerings
The stock yards quarantine, condrma-
ton of the Price Currents estimate OF
loss from hog cholera and reports Of
better conditions in the south were the
chief causes Of making the advance.