Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1915-01-02
DEMAND OF DOMESTIC MILLERs
FLOODS MARKET WITH PuR-
CHASING ORDERS.
ARGENTINA REPORTS ALSO
OF BULLlsH CHARACTER
Corn Advances in Sympathy With
Wheat and Because Of Firmer Cables
Hardening Of Oats Values Less
Noticeable Than Gain in Others
csesals-Provisions Depressed.

Chicago, Jan. 2-wheat swept rapid
" higher today. the market being bare
OF offerings and responding very freely
to purchase orders which were affected
by demand from domestic mtllers. Inc
millers appear to have finally concluded
not to wait longer for a !esseninS OF
expor. call. Unfavorable weather In
Argentina counted further against the
bears and so too did predictions OF
lighter worlds shipments. After open
ing n to II higher, the market rose In
some cases l1a cents above the pre-
vious close.
Advancing ocean rates from ArSen-
tina gave an advantage to the bull side.
There were also advises that India was
suffering from drouth. The close was
unsettled at a gain OF i to is cents
net.
Corn advanced with wheat. The bulls
were also helped by firmer cables.
Opening prices, which ranged from g
and u to " and Is higher, were fol-
lowed by a slight additional gain and
then a moderate reaction.
Later the market was steady, with
the close Is and y to " and IS net
higher
Hardening Of values proved less
noticeable in oats than in other cereals.
The market. however, bulged little
ana encountered no selling pressure.
Provisions.
An unexpected increase in warehouse
stocks acted as weight on provisions.
Daily Grain Letter.
Furnished by Lamson Bros. & Co.
20s Masonic Temple. Phone 1881
Chicago, Jan. 2.-Wheat-Wheat was
strong turnout the day, with local sell
ing more than Offset by commission
house buying. The low point Of the
day was higher than Thursdays close,
and final prices were X to 1as higher.
AZ compared with last Saturday. May
wheat is g cent higher, while July is :
cents lower The domestic situation re-
mains bullish. 20 far as fresh supplies
from the country are concerned. Little
wheat can be bought, even on advanc-
ing prices.
Corn-The strength in Liverpool and
the firm tone to other grain markets
resulted in fair advance in corn.
closing prices being I cent higher.
Commission houses, as well as a num-
Der OF local traders. were on the buy
ing side. Today's bulge resulted IN a
fairly liberal acceptances OF country
offerings, which for several days have
been over the market. 1t Is becoming
more and more evident that the usually
early run of corn is at the expense
of the movement which usually comes
In January and February.
Oats-The buying Of oats by houses
usually representing exporters gave a
steady tone to the market, the close
being y cent higher as compared with
!. Thursday, and IL on cent as compared
4 with last Saturday. Receipts of 202
cars sold at higher prices. the cash
market following the advance in the
4 futures.
Provisions-The provision trade was
again active, with a revival of outside
4 interest and considerable buying OF
lard by local traders. Early strength
in the hog market and the higher trend
j of grain held the market steady and
j the close was firm, with moderate
Il gains. The monthly statement Of
stocks issued after the close Is re-
garded as bearish, supplies of ribs be-
ing considerably in excess Of expecta.
tons