Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1916-09-29
ocARcIrY OF OFFERINGS CAUSES
ASCENT TO HIGHEST FIGURES
OF THE YEAR.
SEPTEMBER DELIVERY
- HARDEST TO SECURE
Corn Tsnds to Advance With Wheat,
but Sellers Become Numerous on tho
Ouiss-strensth of Other Grain is
Governing Factor in Oats, but De-
mand Is Not Urgent.

Chicago, Sept 2s.-Scarcity of offer
ings carried the wheat market today
to the highest prices yet this season.
September delivery was especially
difficult to buy. Besides, foreigners
were purchasing futures here, in
fluenced apparently by continued
drouth in Argentina and by the diff
Guilty of obtaining supplies from India
or Australia, Opening prices, which
ranged from u to cent higher. with
December at 1.551s @L557s and May at
1.55 a1551a, We're followed by sharp
further gains and then something of a
reaction.
For while the bears were handi-
capped by assertions that the United
States in less than three months had
shipped almost one half of the years
export surplus. Later, however. a
setback took place as a result Of
heavy profit taking by longs. The
close was weak, q TO l cent net lower.
with December at s1.64h and May at
$685..
Corn rose with wheat. On the bulge
however sellers became numerous.
After opening a shade to q higher. the
market hardened a little further but
then tended TO sag
Later prices eased off when wheat
turned weak. The close was steady, q
cent of to u cent up, as compared with
yesterdays finish.
Oats.
In oats the strength Of other grain
was the governing factor. Demand
did not seem urgent.
Provisions.
Provisions averaged a little lower
with hogs. Trade was light.
Daily Grain Letter.
[From Lamson Bros. & CO., 2os Masonic
Temple. Phone 1881
Chicago, Sept. 2s.-Wheat-wheat
was strong. but met considerable resist
ance in the way Of realizing by longs
and bearish pressure around new high
prices for the present advance. Export
business yesterday was larger than re-
ported and while nothing definite has
been given out today, there Is reason to
Relieve the total will be nearly 100000
bushels. a. It was yesterday. News from
the Argentine Is bu1hsh, no rain being
reported over night. A local statisti-
clan issued a very bullish statement in
regard to the exportable surplus of the
United States and Canada. September
deliveries are going to interests that are
shipping out wheat and the expiration
of the current delivery will probably
see the beginning Of a liberal outward
movement
Corn-Shorts in September are being
obliged to pay the holders price and
the principal longs are reporting no
difficulty In selling cash corn. Anoth-
er factor that has helped the bulls has
been the scarcity of cars to ship avail
able corn from country elevators.
Oats-Despite the large stocks OF
oats here, the September is showing
greater strength than the later months.
which would seem to confirm the belief
that the bulk Of local supplies Is held
by shipping interests.
Chicago Grain Close.
Chicago, Sept. 80.
wheat-No. 2 red. 1.63A; No. red
1.s5@1.57; No. hard. 1.6o91Slhs; No
3 hard, 1855. 61.5s
Corn-No. yellow, eo6soA; No. 4
white. ssis 6s4; No. 4 yellow, s39S4,s.
Oats-No. white, 47947a; stand
ard, 47h Gas.
Range Of Chicago Grain Prices.
Chicago Sept. 80.
wheat-Decembe opened at 1.551 Z:
highest 1868; lowest, 1.54; closed,
1.54M; May opened at 1.55; closed,
1537k