Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1913-07-23
nuylNo BY LEADING HOUSES re.
auLTs IN MARKED ADVANCE
IN PRICES.
PIT OFFERINGS scANTY,
EXPORT DEMAND STRONG
Fains in Iowa and Parts OF Illinois
and Nebraska Weaken Corr-oats
Suffer From General Selling in SYM
paGhy With Lower corn-Provisions
Hold Steady With hess.

wheat market today an upturn- Pit Of
ferings were scanty and there was fear
Of a wet harvest IN France. More
notice seemed to be paid to the con-
tinued export demand. The opening
was unchanged to u of, September
starting at s6A to 81, dev1atinS to
like extent as the market taken alto
gether, and rose soon to S7$ q S73a.
Hedging sales later caused a re-
action The close was steady, with
September Is net higher. at s7b.
Corn.
Rain in Iowa and parts of Illinois
and Nebraska weakened corn. Sep
62M, touched SIS, and rallied TO 62n
062A.
Spreading Of rain to Kansas led to
nervous. at s2A @62ss for September.
a net gain OF Il Is.
Oats.
Oats suffered from a general rush to
sell in sympathy with corn. Septem-
Der started II to q lower. at 40A to
4oN, but reacted to 4oZ 407s.
Provisions.
Provisions as a rule held steady,
governed by the hog market. First
sales varied from 2ta @5 cents decline
to an advance of Is cents, including
September options as follows: Pork,
s21.4O TO s21.424a: lard, s1Ls71s. and
ribs, s11.s7n.
lamson Bros. & Co. Daily Grain Letter
(20S Masonic Temple. Phone 1881
Chicago. July 23.-W-heat: Within
s-snge OF q cents wheat was fairly ac-
;ive. but closed unchanged to Is high
-. here is not enough speculative
st.-E'.1crt 10 maintain advances even tho
conditions seem to warrant higher
prices, but wheat is on such a firm
foundation that, when depressed. is
readily rallied. The hard wheat will
move out about as fast as elevators
can handle 1t. The red wheat appears
to be something OF a drag and there
will probably be at least two million
bushels of it in regular elevators be-
fore the end Of the month. Export
business continues in large volume.
limited only by the volume OF Offers
Foreigners are said to have cleaned
up everything offered overnight. and
are IL the market for more The coun-
try So selling very little except on ex-
now in Europe are cabling that in
cessant rains are doing large damage
to foreign crops. Northwestern markets
were q drag On ours and closed about
cent lower as weather conditions
there are thought to be very favorable,
Corn.
Rains thru the northern part Of the
belt again brought reaction and prices.
hot vol he
prices yesterday morning. AS rains
had not yet extended into the dry sec
lion Ct southern Iowa. Missouri, Ilu-
nois. and Indiana, there was enough
buying to rally prices SHARPLY from the
bottom. Final prices for the day are
4 to q. Predictions Is for fair wealth
er for the western part OF the belt and
showers in the eastern portion. Some
large producing sections Of the corn
belt are deficient in reserve moisture
and must have freQuer: rains for the
next month in order to insure rea-
sonable crop.
Oats.
While TO one will claim that rains
during oats harvest are bearish fac
tors. still oats declined in sympathy
with corn. 1t is possible that the mar
ket was a little overbought on yes
terdays rally and this reaction Is but
natural. Supplies Of old oats in all po-
sitions are so heavy as to continue to
be something Of a burden and some
good Judges think there will be no fur
Their material rally in oats until there
ia some indication OF decreasing sup
plies Of old oats.
Provisions.
Western hog receipts we're we'll il
excess &c those Of q year ago ant
there was a moderate setback II
prices. There was again fairly gooe
selling Of lard by prominent outside
packers who were also selling SOM
ribs. House with foreign connection
bought moderately and there was ;
scattered commission house trade OF
the buy ing side. Pork was the only ex