Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1913-06-21
oF0gheorA DEVELOPS OWING TO
UNSATISFACTORY HARVEST.
ING CONDITIONS.
apRpNo Ws4EAIsUF
from DRY HOT WAVE
coen, Turns Upward With Wheat After
I Decline Due 70 Rains In Iowa and
jllinois- Taking Profit BY
unlaadlns psaIs -e*rsnethen Oats -
PreAsiens Show Skeadiness.

Chicago,,June 21-Wheat developed
strength today because Of wet weather
Interfering with the satisfactory har-
vest Of the winter crop. Dry hot con-
ditions In thek pring wheat country,
especially South Dakota, further en-
couragsd the bulls. Offerings We're
light The opening was unchanged to
e Oh. September. which started un-
changed to " lower. at so& to sob.
rallied 70 s1x9s11s.
Reports that the Balkan allies were
demanding 100000, 900 indemnity led
to considerable buying. The close was
steady. with September "a net higher
At 91x.
Corn turned upward with wheat af-
ter early weakness due to rains in
Iowa and northern Illinois. September
opened at 61as to 61a. loss OF "a g IL,
and then rose to 62ge2H.
Later the market again became de-
pressed in consequence Of reports Oh
additional rains. The close was nervous
at 61a for September. 4 under last
night
Shorts taking profits overcame the
effect of the unloading deals in oats
September after starting u q H down,
at An to AK, reacted to 4244212.
Provisions.
Provisions showed steadineSs with
hogs. First sales varied from last
nights level to cents decline. includ-
ing September options at 5000 for
pork, s11.221s for lard. and sl1.6112 for
ribs.
Lamson Bros. & Co. Daily Grain Letter.
(2O3 Masonic Temple, phone 1881
Chicago, June Observation-Disclosures
thruout the northwest are largely re-
sponsible for the decline this week Of
from = to IL cents. Better strength
was shown today. the market being
stubborn and encounterins good buy
i1.g IN The early declines. Terminal
s. = being rapidly reduced and a
lc>&. export business this week was
. encouraging to holders. Premiums for
spring wheat in this market have in
creased and northwestern markets to-
day were far stronger than the winter
wheat markets. Rains appear TO have
been of some benefit, tho neither gen.
eral nor adequate. The visible supply
should show a good decrease this week
and. as the movement Of winter wheat
in the southwest begins, it will find
stocks of old wheat we'll cleaned UP.
Corn-Sentiment at buying early in
the week advanced prices TO best yet
obtained on the crop and brought re-
alizing sales from longtime holders
with profit. The advance in December
corn was especially overdone on dam
age theories which had no real founda-
ton in fact Some setback has occurred
but probably not as much as will occur
in case rains become general thru the
corn belt over Sunday. Iowa appears
to have had good rains and the same IS
true Of Nebraska. Northern Illinois
has also been relieved but the section
Of greatest complaint Of damage &c
other grains have not yet been re-
lieved.
Oats-Aitho the market closed y tc
IN cents higher than last week, final
prices show considerable setback from
top prices of the week. The eleventh
hour buying Of oats was probably rior5
aggressive than in any other grain anc
4 setback, under these conditions Is
natural Particularly Iowa has beer
relieved with rains and more promised
for dry districts
Provisions - Some hardening Of
values has occurred, but the entire ad-
vance was not held at the close. The
hog run has been liberal. The packer:
have been disposed to buy the hogs anG
no VIII