Rock Island Argus. (Rock Island, Ill.) 1893-1920, 1916-01-17
SHARP DECLINES
SHOWN IN WHEAT
High Foreign Quotations Unable to
Bolster Up the Chicago
Market,

Chicago, Jan. 17-Notwithstandin
that in consequence of higher prices
at Liverpool the wheat market here
opened today at sharp advance, weak
ness soon developed owing to heavy
sales by prominent firms
Upturn subsequently took place as
result Of fresh assertions that much
damage to the winter crop was likely
to be caused by the prevailing low
/ temperatures. The smallness of the
increase in the United States visible
supply total acted also as a stimulus
to the bulls. Prices closed strong, l
to 1lsc net higher with May at 12SS
and July at 1872
Increasing stocks at Minneapolis
and Duluth and continued difficulty
in obtaining vessels at domestic sea-
ports gave an advantage to the bears.
In addition, Australia and Argentine
were said to be making larger and
| cheaper offers and there were advances
Of the free movement Of Canadian
wheat through the United States in
bond. The opening, which ranged
from q to 1Ac higher, with May at
1.2SH @1.2S1a and July at 121s4 to
1.22A, was followed by a decline to
well below Saturdays closing. Pros
poets Of enlarged receipts had a de-
pressing effect on corn. Besides there
were reports of beneficial rains in Ar
gentine. After opening unchanged to
| 4 lower, the market underwent a
moderate further sag.
Lack Of reduced stocks in the east
and of the chances Of improved ex-
port demand led afterward to a de-
cided rally. The close was strong, at
an advance Of sc net.
! Oats showed comparative strength.
Commission houses were generally on
the buying side, influenced, apparent
ly, by talk that oats were at too great
a discount from corn.
| Liberal exports encouraged an ad-
vance in pork and ribs. Foreign ship
ments of lard were diminished, how
ever, and the price Of lard was heavy.
Chicago Grain.
Chicago, Jan. 17.-Wheat-No. 2 red,
s12S1a; No 8 red. 11601.26A; No. 2
hard, 123h@1241a; No. 3 hard, 1.1512
/ 6122
/ Corn-No. 2 yellow, nominal; No.
yellow, 72A q 73c; No. 4 white, 72A @
1870.
Oats-No. 3 white, 47@4Sc; stand
ard. 481a @4912c.
Rye-No. 2. $50; barley, 65679c;
timothy, 55O0775; clover, 10000
1875; pork, 1SSO@19.SO; lard, 1O,75@
1895; ribs, 1O.40@1OS0.
Chicago Provisions.
Chicago, Jan. 17.-Butter, steady;
creamery. 23G3012c.
Eggs, higher; receipts, 2,419 cases;
frsts, 32@32Ac; ordinary firsts, $40
31Ac; at mark cases included, 24@32c.
Potatoes, steady; receipts, As cars;
Michigan, Wisconsin, Minnesota and
Dakota white, 10O@11O; Minnesota
and Dakota Ohios. 1.0o@1.05.
Poultry. alive, higher; fowls, 16c;
springs, 1515c: turkeys, 1Sc.
Liverpool Grain.
Liverpool, Jan. 17.-Wheat-No. /
Manitoba, 13s 91ad; No. 2, 13s I'd; No.
3, 13s sd; No 2, hard winter, new, Us
912d.
Corn-American mixed. los Id.
New York Provisions.
New York, Jan. 17.-Butter: frmer;
receipts 1927; creamery extras G3c;
firsts 2S@32c; seconds 25@2712c.
Eggs: firm; receipts 5,6S7; fresh
gathered extra fine, 36@37c; extra
firsts34@35c; frsts 3212 @33c; sec
onds 1889.
! Cheese: firm; receipts 1873; state
whole milk fats held specials Use; dit
to average fancy 17a@Ac; ditto cur
rent makes specials 17@1ac; ditto
average run 1914 @Ac.
Live poultry prices unsettled
dressed strong; fresh killed chickens
16@27c; fowls 13k@1Skc; turkeys
25@26c.
Kansas City Provisions.
Kansas City, Mo, Jan. 17.-Butter
creamery, Bic; firsts, 2sc; seconds
| &c; packing, 1sc.
Eggs, frsts. 29c; seconds, zoe.
Poultry hens, lac; turkeys, lie;
springs, 13c.