Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1913-03-17
MAY OPTION ESPECIALLY, AT
HEcrEp ~ ovERsELLlNG OF
THE PIT TRADERS.
HEAVY TONE DEVELOPED
,''f IN CORN MARKET
This Was Due to Slaekness Of Demand
-Priess in Oats Market Are Weak
ensd by Observation-Disclosures Also
Waiver, Despits an Advance in the
Price Of Hogs.

Chicago. March 17.-Wheat prices
that pit traders were apparently over
sold. This was especially the case in
the May option. Liverpool reports of
improved demand from the continent
tended to help the bulls. Opening
prices were !. TO 4 lower to Il az
higher. May started at $50 to sSA q
ss7s. varying from u lower to the ad-
vance, and rose to ss7s.
Large worlds shipments and heavy
primary receipts checked the advance,
which was due partly to a liberal de-
crease in the visible supply. The close
was nervous with May IS net lower
at ssh.
Corn developed heavy tone owing
to slackness of demand. May opened
unchanged to Is up at 5l12 9513s. fel!
to 51Z, and reacted to 514s G51a.
Covering by shorts led TO a subse-
uuent advance. The close was firm at
61& for May, net loss Of 4.
Otas.
Liquidation weakened oats. May
started az 32G32b to 321s a 32A, de-
clined to 81 q 80. and rallied 10 32A.
Provisions.
Notwithstanding he advance IN
hogs provisions wavered. First sales
were 21a lower ~. up. with pork at
5000, lard at $1,000 and ribs at s1o.s0.
lanson Bros. & Co.'S Grain Letter.
1908 Masonic Tmple.l
Chicago. March 17.-Wheat-There
was a steady undertone in the early
trading as foreign markets were firm
to shade lower. Selling after mid-da
weakened values somewhat and new
low prices were recorded. The close is
at prices steady to g lower. Statistics
today were of a rather bearish char
acter. Worlds shipments were large
and there was a good increase on pas
sage Local wheat sales are fair at
$4,000 since Saturday. part of which
is of exporters. Private advtces from
the seaboard indicate that considerable
wheat is being quietly worked from
day to day. Strength in the foreign Sit
uation is thought to be due to large
decrease in area seeded in some of the
largest producing section OF Europe
and expectation Of very much small
er crop in consequence.
Corn-There was some strength in
this market and in spite of the lower
wheat prices, corn closed from Is to 4
higher. Tone in the cash trade was
better. tho sales east were not heavy
Cash shows tendency to narrow as
compared with May delivery. partly
due to buying in Of contracts for coun-
try shippers. Export clearances for
the day are large and the visible sup
Div showed an increase Of over 1,0Oo,-
900 bushels. Stocks Of corn at Chicago,
in elevators, are now larger than at
any time last spring, but not as large
as either two or three years ago. While
some further increase is likely during
the next two weeks. the opening OF
navigation is likely to see q fair
amount of corn move eastwards.
Oats-Commission house buying was
thought to be short covering, absorbed
the offerings of oats at the lower level
early and brought some rally. Final
prices are a shade lower TO a little
higher than Saturday. Cash sales have
been fairly good, indicating little bet
ter demand with the increasing re-
ceipts.
Provisions-Altho the hog market
made new high record for the season.
provisions refused to respond except
with a slight upturn early