Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1913-05-08

Chicago, May S.-Expectation of
bearish government crop report todaE
lowered wheat values. The opening
was strong, unchanged to a up, on
higher cables due TO smaller world :
shipments, but free selling, induced by
q belief that a small abandoned acre
age would be shown by the govern
ment report. caused a quick reaction.
July started shade 10 IS and y
higher, at S912 TO IS, and dipped to
ssA.
Later there was a slight recovery
due to purchases by shorts but re-
action followed. The close was weak,
with July at SO cents, d net loss OF Z
land Z.
y Reports of damage to corn by rams
IN Argentina helped values here at the
outset, but some realizing took the edge
off the market and there was a de-
cline. July started a shade to is up,
at 55as and q TO 55S4, and eased off TO
ssh.
Buying later caused a rally OF about
half a cent The close was July al % Is,
q net advance of 4 cents.
Oats.
Contradiction OF damage TO oats in
Illinois and Indiana from dry weather
lifted prices in that market at the
start, July opening ls up al 80 cents
but profit taking brought about a re-
action of n cent.
Provisions.
A larger run of hogs in the west and
4 drop of ) cents at the yards Lowered
provisions. July started as follows:
Pork, $1e.25: lard, s10.15; ribs, slo95.
hanson Bros. e. Co. Daily Grain Letter.
(2O3 Masonic Temple, phone 1881
Chicago. May S.-Wheat--The early
market was inclined to show a little
more strength in sympathy with an ad-
vance in Liverpool and Paris. but trade
was dull in anticipation OF the govern
ment report and strength finally save
way to weakness and closed u TO %
lower than yesterday. The govern
ment figures. when issued. were ABOUT
rs anticipated Abandoned acreage
was very small and a final yield OF
about 514,o0o.0OO bushels indicated.
This is the largest yield yet indicated
OF winter wheat recorded in May since
1906. but the indicated yield is much
below the April estimate. Export bust
ness done yesterday and today has
been probably under estimated.
Corn-Tendency toward lighter re-
eeipts and an expectation Of the re-
uewal of eastern demand in the near
future led to some strength. Net gains
were y for the current delivery, II for
July and about 1s in the September
delivery. Stocks are light here and
while eastern consumers have enough
\ for current requirements. they are not
providing for future needs A better
demand is expected next week. Farm
ers are busy in the fields and probably
will not deliver much corn a country
stations for two weeks, after which
weather conditions will have a decided
bearing on the deliveries There was
q good demand at the sample tables and
prices were Il to " higher.
Oats-This market was undecided as
whether to decline with wheat or ad-
vance with corn. Closing was just
about steady at yesterdays final values.
Prospect of showers in sections of the
belt which are in need of moisture
Brought some realizing sales. Receipts
IRE still disappointing.
Provisions-Liberal receipts of hogs
and lower prices at the yards brought
(s depression to the provision market.
Sales early were in the nature Of liqui-
dating long holdings. fair sort Of
support developed on the break and
product rallied. closing little changed
| from yesterday.