Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1913-04-08

Chicago. April s.-Expectation that
the governments report today would
be bearish sent wheat down after an
irregular opening. The deferred months
were lower at the start but May was
a little higher, the range being from
u and % lower to Is and a higher.
Opening quotations on May were s2A
to SO. influential selling quickly sent
that option off at 921a and 927s. but
some support was given on the higher
Liverpool cables and there was fair
rally.
Prices receded again on publication
of the governments crop report show
ing an average condition OF gle per
cent for winter wheat on April /, as
compared with 500 per cent last year.
The close was easy, with May at 81 1s q
81, a net loss of l cent.
Corn.
Selling by local Spectators sent May
corn of 70 to y after steady open
ing, with May shade lower TO
shade higher, at 55A and 90 IS. After
touching ~ prices rallied around the
opening figures.
Buying on reports of wet weather In
almost the entire corn belt Kept prices
steady till near the close Wnen there
was lowering of values. The finish
was weak with the May option at 90 Is
@55A. a net loss of %.
Oats.
General selling caused oats TO ease
off, May touching 80 y, after an open
ing that was unchanged to shade
lower at 351s and SoA.
Provisions.
Higher figures were made in the pro-
vision list Influenced by good commits
sion house buying. Opening hgures
showed a range Of 21s cents lower 10
TN cents higher, May prices nelns
s19.72h to s1e.771s for pork, 5000 10
$1,000 for lard, and s1L10 TO Sll.12 Y
for ribs.
Lanson Bros. & Co. Grain Letter.
1908 Masonic Temple, MarshalItoWn'l
Chicago, April s.-Wheat-On tee
steady opening there were proat taxing
sales which weakened the market pc
fore the appearance of the government
report. After the report indicating d
condition Of 91.6 per cent was mace
public, the pressure was largely from
bears. Weather was also somewhat
bearish on winter wheat but this Is
Offset by weather conditions which are
delaying preparations for seeding IN
the northwest. The worlds SITUATION
favors holders. Bradsrreets report to-
day showing a decrease Of over half a
million bushels as against an increase
last year of nearly 100000 bushels.
Clearances on old sales are liberal anc
the announcement Of q proposed reduc-
ton in duty on wheat imported from
% cents per bushels to 10 cents per
bushel had no market effect. as Can
adam wheat is, this year, at good
premium over our own.
Corn.
After selling at yesterdays high
prices, corn eased in sympathy with
wheat and also because OF fairly lib
eral profit-taking GALES. Net declines
are from Is to y. There appears tc
have been considerable changing from
May to later months by people wno
have been short for some time. Cash
business continues fair and most cur
rent arrivals are FOR application or
previous contracts to arrive.
Oats.
Following, in the main. the trend 81
other grains, oats lost from q TO IS
with May showing better strength thar
later deliveries. There was considerable
more selling to arrive on the early ad-
vance and Illinois farmers appear &c
have sold On :he basis of 60 cents
Shipping sales are light, but receipts
are also light.
Provisions.
Further liquidation brought still
lower prices and final figures were
about the lowest of the day. Ribs held
better than other product and are still
at premium over July, while May
lard and pork showed the effect OF
liquidating sales by being at dis
count.