Rock Island Argus. (Rock Island, Ill.) 1893-1920, 1916-01-27
PROFIT TAKERS
WEAKEN PRICES
High Wheat Quotations Suffer Relapse
as Result of Heavy Selling
On the Market.

Chicago, Jan. 27-Proft taking by
holders continued today TO have a
weakening effect on the wheat market
here. The disposition to make further
realizing sales was largely due to re-
ports from Liverpool that buyers were
holding off in anticipation of reduced
vessel rates, presumably from Argen-
tina. On the other hand, leading
authority predicted that Argentina
shipments would be light Opening
prices, which ranged from 4 to 1l4c
lower. with May at 1350136 and July
at 25&6126, were followed by a
rally, but then a fresh decline.
Reports that foreigners We're resell
ing at the seaboard led TO an additional
sag, but the market soon had sharp
reaction. The bulls laid stress on the
chances OF extensive winter willing
by a predicted cold wave. The close
was steady at 5s@& to 1850 net ad-
vance. with May 1.36a@1.37 and July
|1.275s.
Unsettled weather that threatened
to cut down receipts and to spoil the
quality of some of the supply made
corn prices prime. The lifting of an
embargo on shipments to Baltimore
tended to help the bulls. After open
ing 1t03sc off to a shade advance, the
market scored moderate general gains.
The temporary break in wheat did
mot have much influence on corn.
Prices closed steady at 40 Sc net
advance
Oats hardened with corn. Price
changes were narrow.
Provisions showed little activity.
The lack of aggressiyeness on either
side left the quotations about steady.
Chicago Grain.
Chicago, Jan 27-Wheat; Ne. . red
1873; No. 3 red 1.32613312; No. ?
hard 1873; No. 9 hard 1.30G1.33.
Corn; No 2 yellow, nominal; No.
yellow 1904; No. white 7307412.
Oats: No. 3 white 510511a; stand
ard 53h.
! Rye, No. 2, 1.O412; barley 68@S1;
( timothy 5.5O0765; clover 10000
1850; pork 19.4O@2O4O; lard 1O.O7@
1892; ribs 1O.5O@10.SO.
Chicago Provisions.
! Chicago, Jan. 27.-Butter unchang-
ed.
Eggs, higher; receipts 7,137 cases;
! frsts 271262S; ordinary frsts 26l20
I 81; at mark, cases included, 24G27.
( Potatoes: Receipts y cars; I'M
/ changed.
Poultry: Alive, unchanged.
Liverpool Grain.
l Liverpool, Jan. 27-Wheat: No. 2
hard winter, new, 13s 4d; No. l north
ern Duluth, AS 212d.
London Silver.
London, Jan. 27.-Bar silver, &c 1919
per ounce.
Money: 4h04& per cent.
Kansas City Provisions.
Kansas, City, Mo, Jan. 27.-But-
ter, eggs and poultry unchanged.
st. Louis Provisions.
st. Louis, Jan. 27.-Poultry: chick
ems 13c; springs unchanged; turkeys
19c; ducks lie; geese Hose.
Butter unchanged. Eggs 2772c.
Kansas City Grain.
Kansas City, Jan. 27.-Wheat: No.
hard 1.2561.31; No. 2 red 1.26G1.S4.
Corn: No. . mixed O12@71c; No.
white 711ac; No. yellow 7112+72c.
Oats: No. . white 43Q54c; No.
mixed 4S@49c. z
Rye &c. Hay firm.
New York Provisions.
New York, Jan. 27.-Butter, unset
tied; receipts, 5.537; creamery, extras
21c; frsts, 271a@3Oc; seconds, 25@27c
t, Eggs, flrmer; receipts, S,625; fresf
gathered extra fine, 10000; extra
f1rsts, 2S62S1ac; irsts, 2612 @2712c
seconds. 24G26c.
Cheese, firm; receipts, 500; state
whole milk flats hell specials, 1SQ
1SAc; do, average fancy, 1734 G1Sc
do. current make specials, 17%c; do
average run. 1761712c.
Dressed poultry strong; fresh killed
chickens, 1612G27c; fowls, 14Q19c
turkeys, 27@2Sc.