Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1914-01-07
S|OP-L|)SS Selling
FORCES CORN down
YNR4A BREAK FOLLOWS RUSH
or EXHAUSTED LONGS TO
UNLOAD.
oFFERo FROM THE DANUBE
atoW FURTHER REDUCTION
Wheat esarfshly Affected by Dsprss-
sion in Corn and by Lower cahlss-
oats Also Give Way With Break in
com-DseIinins Prices For Hogs
Tend 60 Garry Down Provisions

Chiaso, Jan, 7.-Stop-ioss selling by
exhausted longs brought about fresh
break today in the price Of corn Mar
gin calls last night were stin and not
we'll responded to. Offers from the
Danube to the Atlantic ports in the
Urited States showed a further reduc-
ton in values with cargoes pressed for
sale. Besides the mild weather in both
the winter and spring belts indicated
that there would be no immediate en-
hrgement Of the demand for feed The
opening was Is @A to * a " lower.
Covering by shorts to the extent Of
nearly 100000 bushels checked the de-
cline. Not many large holders were
dislodged but renewed iquidations led
to a further setback. The close was
steady at x and IS to rs and 7s net
lower.
Wheat.
Wheat was bearishly affected by the
depression in corn and by lower cables.
Fine weather acted also against the
bulls. The opening was unchanged TO
Is lower but prices then rallied some
what.
The market later showed frmness On
account of prices here and in St. Louis
being virtually at an export basis for
hard wheat. The close was steady. 4
and as to n above last night
Oats
Oats gave way with corn. Pit traders
and commission houses all turned to
the selling side.
Provisions.
Declining prices for hogs carried
down provisions. Grain weakness
counted also in favor Of drop in
values. First sales varied from I'M
changed to cents off.
Daily Market Letter.
Hanson Bros e Co. 203 Masonic
Temple Building Phone 1881
Chicago, Jan. 7.-Wheat-Altao the
tenor Of the days news was bearish, the
wheat market showed a good recovery
from the low point, and closed prac-
ness in corn failed to hold prices and
the gain in wheat was equal to the loss
tin corn. Outside markets We're all high
er also, despite the fact that Liver
.pool opened low on free offerings
from Australia and Argentina. Buying
by commission houses, presumably re-
presenting shorts, was the main sup
porting feature. BroomhalIs interna-
itional review was slightly bearish, as
.was also the Price Current weekly re-
view.
{ Corn-A rush to sell corn at the
opening was responsible for an early
decline and q rally followed on covering
by the local element, who had become
too bearish early. New low levels were
reached, but on short covering and
resting orders a recovery Of about Y
cent occurred. The cash situation
showed little Improvement. Demand
for corn from this market continues to
be disappointing. cash handlers re-
porting that Argentina corn is being
shipped inland as far as central New
York and Pennsylvania. The move
ment has decreased materially. Re
ceipts continue in volume far in excess
of current needs and indications are
that the country will continue to sell
their surplus truout January and Feb
ruary in preparation for financial re-
quirements March l.
Oats-The oats market failed to fol-
low the corn and closed only shade
lower than yesterday. There was con-
siderable liquidation early in the day
by scattered commission house selling.
Supply and demand point Of view views
the lookout as not encouraging, the
country being little more encouraged
to sell oats and Canada still offers its
surplus at more attractive prices than
our markets quote.
Provisions-Receipts Of hogs were a,
little heavier than anticipated and
some liquidation occurred early In the
session. Sales were attributed mostly
to local operators. On the decline, de-
mand was contributed to packing in
terests, and caused a total recovery OF
the loss and at the closing prices were
slightly higher all around.
Chicago Grain Close.
Chicago. Jan. Z,
wheat-No> 2, red. 961a @97h: No. g.,
red. 1904: No. 2. hard, s9@s9A: No.
8, hard. ssA @ssa; No. 2, northern,
$4,000; No. 8, northern, S7@8s1a; No.
2, spring, Ss5A @89h; No. 3, spring
S7@s7h.
Corn-No. 2, s21s: No. 8. 59@
No. 3, white, 641k @65; No. 8. yellow,
61@63.
oats-No. 8, white, s7A @37A; stan
dard, 39A @39k.
Range Of Chicago Grain Prices.
Chicago, Jan. Z.
wheat-May opened at s07s; highest.
91sk: lowest, 90k; closed, Sly: July