Rock Island Argus. (Rock Island, Ill.) 1893-1920, 1916-01-29
FOREIGN CABLES
CAUSING SLUMP
Predictions Of Increased Shipment
From Argentine and Australia
Have Ill Affect.

Chicago, Jan. 29-Predictions of
larger Australian and Argentine ship
ments to Europe had a bearish infu-
ence today on the wheat market here.
In this connection, the fact that Winni-
peg prices showed a big decline was
significant The apparent absence of
export demand counted also against
the bulls. After opening 1sQ14c to q
a sc down with May at 135 to 1.35 IS
and July at 1864 to 1861, the mar
ket rallied little but subsequently
sank lower than before.
Reports that large amount of flour
had been disposed of to the French
government at the highest price of the
season led to an upturn, but the mar
ket soon receded again. 1t was said
eastern exporters were continuing to
reship wheat back TO the west. The
close was heavy, rs to rs 0112c net
lower, with May at 1.343s and July at
1255s.
Corn was active at the highest fig
ures on this seasons crop. The cut
/ ting down of estimates to the size of
| the Argentine exportable surplus gave
/ the market strength, and so did the
! unsettled weather threatening to re-
| duce arrivals here and to spoil further
the quality of the supply. Opening
prices, which mere unchanged to a.
up, were followed by a decided gen.
eral advance
Declines in wheat were responsible
| for a late reaction in corn. The close
was steady at 30 TO 1ac net advance.
Free selling by a leading concern
weakened the oats market.
/ The strength of corn, however
! brought about rally.
Absence of selling pressure allowed
provisions to harden in price. The best
gains were in pork.
Chicago Grain.
Chicago, Jan. 29.-Wheat: No. : red
1863; No. red, nominal; No. 2 hard
I1.31; No. 8 hard, 129@1.9O.
Corn: No yellow, nominal; No.
yellow, 75A@76c; No. 4 white, 74& q
I 754c.
! Oats: No. 3 white, 51A@5112c;
standard, SIC.
Rye: No. ?, 1.O4; barley 6S@Slc,
timothy. 5.5O07.65; clover, 10000
/ 1850: pork. nominal; lard, 10.05d
1925; ribs, 10,37@10.70.
Chicago Provisions.
Chicago, Jan. 30. - Butter un
changed.
Eggs: lower; receipts $3.50 cases
firsts Use: ordinary tirsts &c; at mari
! cases included 24@2Sc.
Potatoes: receipts % cars; un
changed
Poultry: alive higher; fowls 15c
springs 1512c.
Liverpool Grain.
Liverpool, Jan. 29.-Wheat-No.
hard winter, new, 13s 4d; No ! north
ern Duluth, las I'd.
Corn-American mixed, las d.
London Silver.
London, Jan. 29-Bar silver, %
pei bulOS.
Money, 4A@4& per cent.
, New York Money.
+ New York. Jan. 29.-Mercantile pa
per. 3@34 per cent; bar silver, 567s
Mexican dollars, 1880.
New York Provisions.
New York, Jan. 29,-Butter: steady
receipts 5,046; creamery extras 30
y: creamery 32@ &c; frsts 27RG
soc: seconds 25@27c.
Eggs, firm; receipts 6,025; fires
gathered extra fine 31G32c; extr
frsts 3Om3O*c; frsts 2SG29c; sec
onds 26@2712c.
Cheese: firm; receipts $3.50; stat
whole milk held flats specials $50 4 c
ditto average fancy 1724 @1Sc; dit
current make specials 1734c;n dit
average run ia &c.
Live poultry steady; western chick
ems 1512c; fowls 1612c; turkeys 1SG
zoe: dressed strong; fresh kille
chickens 1872 @27c; fowls 14@191ac
/ turkeys erase.
New York Sugar.
New York, Jan. 29.-Raw suga
firm: molasses 3.S7@4.00; centrifugf
G t46464.77; refined firm.