Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1913-05-16
PROSPECTS OF SMALL SHIP
MENTs CAUSE MARKET
TO HARDEN.
STRENGTH OF FEED GRAINS
ALSO FACTOR IN GAIN
Decrease in Stocks on Hand Causes
Advance in Price Of Corn-Seanti-
ness Of Rains in Illinois and Indiana
Has euIiish Effect on oats-Pro-
visions Ease OF.

Chicago, May 16-Prospects of small
Russian shipments this week had
bullish effect today on wheat. Strength
Of feed grains acted as an offset TO
fine weather here. Opening prices We're
unchanged to 70 up. July started at
IS to Ssh 9sSA. unchanged to Is q a
higher, and rose at SS3s asst.
Assertions that the sight draft con-
sroversy, which has hindered exports.
would be settled in twenty four hours
caused an additional upturn. The close
was steady. with July Is net higher
At sSss.
Corn advanced on account Of an ex-
pected decrease of the stock on hand
here July, which opened a shade to
n up to $50 Is @55A to 557s, climbed TO
561s @56A.
Not much reaction took place. The
close was steady at IS for July, Is
above last night.
Scantiness of rains in Illinois and
Indiana made oats shorts rush to
cover. July started a shade TO g q Il
higher, at 1875 to So, and rose to sc "a.
Provisions.
Provisions eased off because demand
was only Of a scattered sort. First
transactions varied from last nights
level to 21a cents down, with july
pork, $500; lard. $1,000; ribs, s11.12l.,
lamson Bros. & Co. Daily Grain Letter.
1908 Masonic Temple, Phone 1881
Chicago. May 16.-Wheat-Due to
yesterdays steadiness the bears were
not so active today and with offerings
light the market advanced from q to
1 cent. No fresh export business is
reported but clearances on old sales
continue very large and exports from
North America this week will probably
total nearly 100000 bushels. While
large proportion of this is Canadian
wheat, still there is much more than
usual at this time of the year of our
own wheat.
Corn-fNor the first time current de-
livery and July closed at the same
price. Local stocks are very light ond
largely sold for shipment. A rebuild
ing Of local stocks is not likely to be-
gin for more than a week and consld-
cradle corn is bought to arrive TOT
May shipment from the country wnlcn
has not left the farm. Iowa is more
backward on planting than ILLINOIS,
but farmers are showing no anxiety
about selling freely and on their OF
ferings will very largely depend the
course of prices for next week. Clear
ances, tho light, are heavier than last
wear and a fresh export demand III
summer and autumn anticipated.
Oats-Covering of contracts for oe-
livery this month, together with addl-
tional complaints from country polnts
on poor stand and insufficient moist
IRE gave this market good strength
and an advance of about q cent. Dur
ing the past few days there has been Il
better interest in new crop delivery
from country sections and farmers are
holding their old oats as tho supphes
we're not as liberal as we have oeeh
led to believe.
provisions-Some setback from the
recent frmness was shown today. Lo-
cal stocks have increased somewhat 40
shown by the semi monthly statement,
and this caused profit taking by scared
longs. While the market will not sho"
any special activity for some time IN
yestment purchases made on sharp oe
cline will show good profit WITHIN d
fev months.