Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1915-12-15
WHEAT ADVANCES
IRE NOT lasting
EARLY PRICE GAINS DUE TO RE-
PORTS OF STORMS IN
ARGENTINA.
CANCELLED WAR ORDERS
COUNT AGAINST BULLS
Corn Assumes Firm Tone Because OF
Unsettled Weather Conditions-Oats
Hold Steady Within Narrow Limits
Provision Trade Depressed by
Weakness in Hog M arket.

Chicago Dec. 15.-Storms in Argen-
tina had a bullish effect today on the
wheat market here, but not of lasting
sort. Later reports said the Argentina
crop condition was very good except
in the northern section. Besides the
word of cancellation of some European
orders. for wheat and flour at the
United States seaboard counted against
the bulls. After opening A@S to %
higher, with December at l.l6A to
115k and May at l.173s to LII Is,
prices here scored slight further gains
and then reacted to about yesterdays
finish.
The close was unsettled, varying
from u cent net decline 20 a like ad-
( vance, with December at s1.1S. and
May at s1.17%s.
Unsettled weather made the corn
market firm. Opening prices, which
ranged from Il to IS higher, were fol-
lowed by moderate additional upturns.
The close was nervous, rs ana Ia
to 21s cents net higher.
Oats.
Oats held steady within narrow
limits.
Provisions.
Weakness in the hog market had a
depressing influence on provisions.
Trade was not Of large volume.
Daily Grain Letter.
From Lamson Bros. wire, Masonic
temple. Phone 1881
Chicago Dec 15.-Wheat-The de-
partment of agriculture appeared to
have made up its report issued today
by merely multiplying the large acre
age Of wheat by the large promise of
early harvest and thus arrived at the
conclusion that We have in this coun-
try from the 1915 crop over 1000, 100000
bushels of wheat. Millers. exporters
and Spectators know that a large
amount Of the early harvest prospect
was lost by protracted wet weather
during the gathering period, and so the
report today had no material effect on
prices. While there was no aggressive
buying, some of the larger longs con-
tinued to sell and, altho this selling has
been we'll advertised for two days, 1t
has not resulted in any severe liquida-
ton. In fact, the market has absorbed
the offerings we'll.
Corn-Altho a bearish government
report was executed, TRADERS Ndu nol
forgotten the postscript to the last
government report compilation which
had a very bullish effect on the trade.
The real element of strength, however,
in today's market was the disturbing OF
short interest in the December de-
livery, due to light receipts and the
fear Of a tie-up in local traffic on ac-
count of the switchmen's strike. The
unfavorable weather forecast was also
a bullish influence.
Oats-Good demand from commits
sion houses and cash handlers and the
strength in other grains. held the mar
ket steady. The cash market was firm.
The government report indicated a
yield of 1.540. 600 900 bushels and is the
largest on record. Even granting that
some oats have been lost and the
quality materially reduced by the rains
of the late summer. there probably are
100 many oats in the country to admit
of a permanently bullish situation.
Provisions-The provision market
continued to be a professional affair.