Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1914-01-27
RUSSIAN OFFERINGS At BRITISH
PORT SAID TO BE HEAVY
AND CHEAP.
MILD WEATHER ALSO
PROVES HANDICAP TO BULLS
Advioss That Argentina Crop 10 Vir-
tually Made and Two Weeks in Ad-
vance Of Previous Years, Make Corn
chsapsr-Abssnos Of Demand Causes
Decline In Oats, 81

Chicago, Jan. 27.-Wheat declined
today in sympathy with lower prices at
Liverpool where Russian offerings
were heavy and cheap. Extremely mild
weather over the United States winter
crop belt formed another influence that
favored the bears. Buying support was
mainly from resting orders. Prices
started h and 4 to q cent lower and
underwent afurther sag.
A big decrease in the worlds avail
able supply stimulated a reaction. The
close was nervous at shade decline
to X advance.
Corn.
Advices that the Argentina corn crop
had been virtually made and is two
weeks earlier than the average. carried
the corn market here down grade.
Summer-like temperatures counted al
so against the bulls. The opening.
which was Is and 4 to Is cent off, was
followed by an additional setback.
Export sales at Boston helped later
to rally the market. The close was
firm, unchanged to 70 higher.
Oats.
Oats suffered from absence of de-
Provisions.
Provisions went lower with hogs.
Packers were trying to hedge but did
not find so good a market as last week.
First sales varied from a share to -.
cents decline and there was full sub
sequene fall yet lower.
Daily Grain Letter.
~ p
Temple, phone 1881
Chicago. Jan. 27.-Wheat-Furthe
weakness in Liverpool gave an easy
tone to our market and liquidation be-
came quite general. From fresh
sources, the Argentina surplus was
estimated at about the lowest figures
so far given out. While export bids
here were said to be out Of line. Kan :
sas City reported a sale Of $4,000 bar
rels Of -four There was the further
bullish feature in Bradstreet's report
ing a decrease Of nearly 100000 as
compared with a little over 100000 a
wear ago. With the help Of the above
bullish items, the market made good
recovery from the low point and closed
practically at last nights prices. Coun-
try offerings are little freer.
Corn-Corn opened easy on lower
cables and reports Of slack cash de-
mand. Liberal covering by shorts on
reports Of export sales caused the re-
covery of the early loss. the market
closing unchanged to Is higher. The
government report On livestock is more
bullish on corn than generality ex-
pected, showing. as it does. an increase
as compared with last year of horses
mules and mich cows. The decrease
in swine is less than 8 per cent, altho
an estimate, last week, placed 1t at
: per cent For the moment our do
nestle situation seems Of greater I'M
portance than the Argentina prospect.
Oats-The oats market was again
devoid of features, acting within
range of " to ~ cent and closing un-
changed from last night A disposi-
ton to follow corn remains unchanged.
Provisions-Selling by packing in
terests, which was helped by scattered
liquidation. caused easiness In pro-
visions. After a fair recovery on com
mission house buying the government
livestock report appeared and was
more bearish than generally antlcl-
pated. The effect on this report will,
however, probably be only temporary.