Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1913-06-26
OUTLOOK IN SOUTH DAKOTA
PROVES PIVOT ON WHICH
MARKET TURNS.
Prospects DEPEND ON
RAIN WHICH THREATENS
Corn Firms Up Because Of the Light
ness of OHerines-country Buying
Givss Added Strength to Oats
Hiah Prices For Hogs Aid Bull
Traders in Provisions.

Chicago. June 2s.-wheat sentiment
today was much more indecisive than
usual. The pivot on which the market
chiefly turned was the outlook in
6cAth Dakota Prospects there de-
pended upon rain which was threaten
ing. The market opened = lower to y
advance. September started at S0ss to
81, unchanged to % of, but rallied to
soN@s1.
A weakness developed later owing
to increase pressure OF new wheat here
and In the southwest. The close was
steady with September "a net lower
at 90N.
Lightness of offerings made corn
arm. September. which opened a shade
or to h@A higher. at SIN to 611a,
steadied at the last named level.
After a little upturn the market re-
coded some with wheat but the effect
wore of. The close was nervous with
September at 615s @81A. net gain
of y.
Oats.
Country buying lifted oats. Septem-
Der started 1s to q higher. at AIS to
421. touched AIS @41%. and rose to
42h.
Provisions.
Higher prices for hogs gave strength
to provisions. First sales were un-
changed to 10 cents up including Sep
TENDER options at 5000 for pork,
311.30 for lard, and s11.75 and s11.77h
for ribs.
Lamson Bros. & Co. Daily Grain Letter
1908 Masonic Temple. Phone 1881
Chicago. June 26.-W-heat-Trade in
wheat Is being kept within very mar
row limits. Reports Of conditions in
the northwest are being disregarded
by the general trade even tho they
come from well informed and reliable
sources. Just how long such conditions
Will continue to prevail would be DIFF
fcuh to forecast. but with old wheat
well cleaned up before new wheat be-
gan to move and an outlook for a total
crop less than last year and GER
tainty that large producing sections In
Europe will raise less wheat than a
year ago. leads to belief in a good
foreign demand for our own wheat.
Corn.
While other grains show Sigh
setback for the day. corn shows a gair
of q to u and at no time during tn
day were prices moro than a shad
under yesterdays closing figures. Thi
advance come become the market wa!
well cleared Of weak holders on thu
breaks earlier in the weak and be-
cause the buying. which absorbed the
- h
stantial character. based. not on crol
damage but on belief in better prices
on the bases OF supply and demand TO
the next sixty days. Eastern demand
shows a good tone and shipments ar
,approxtnating receipts at all primar,
markets.
There was good early strength Blu
che advance did not hold as the mar
ket was well supplied with realizin
orders by those who were good buyer
on the weak spots early in the weel
Following the large advance OF yes
terday, today's setback is moderate
Prices are unchanged to 4 cent lowe
with deferred deliveries showing bet
ter strength than the nearby. Ship
ping demand for oats as we'll as cor
has shown Improvement this week al
tho stocks will moderately increas
locally.
Provisions.
Trade was very quiet and within
narrow range. The higher hog markt
had no material effect on uprices whic
closed steady to a shade lower. Pea
izing sales. especially IN July produc
were noticeable while, On the dips sci
ers were replacing with deferred d.
uvertes.