Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1913-07-16
MACK RUST IN NORTH DAKOTA
AND MINNESOTA STILL
CAUSES FEAR.
HARVESTING LATE
IN WESTERN EUROPE
Corn Phess Az Lifted Because Of
Drouth and Hot Wav-lishtnsss Of
PIT Offerings Causes Strength in
oats Market - Provisions Hold
Steady With Higher Hog Market

Chicago July 1s.-crop damage re-
ports from France helped bring about
today an upward turn in wheat. There
were also complaints Of the lateness
OF harvesting generally in western Eu-
rope. Uneas1ness over black rust in
North Dakota and Minnesota con-
ttnued. The opening was u lower TO
= advanced. September, which started
at Is to esS. gain OF shade to 40
: Is rose to ssA ssB.
A further advance ensued as a re-
suit Of advices that the weather in the
spring crop states was exactly the kind
to produce rust. The close was steady
at s6x for September. an advance Of
H@& net.
Drouth and heat southwest lifted
corr September opened 4 and 3 to
u and q higher, at 61QslA, and
seemed inclined to keep within that
range.
Later the market eased in conse-
quence OF slightly cooler weather in
pal - "a 8AdlISGS anu -NtDIdShE Ull lOc
close was firm, with September at
61A. net gain Of u as.
Corn is Looked upon as weather
proposition. Some of the bears think
that the crop Is virtually made. The
best posted corn specialists, however.
say that corn crop never has been
made before the first OF September.
and there have been great many
; -
by September 90. There were more
bulls around last night than for sew
eral days all talking crop damage. and
they say that the market has had It's
break.
Oats developed strength because Of
the nghtness OF pit offerings. Sep,em-
Der started V to = up, at 3sA @ 3s5a,
and ascended to 3sA.
Oat specialists are undecided as TO
whether the market has had its break.
They say that the trade oversold on
last weeks decline, and their covering
was mainly responsible for yesterday
bulge. Those who are oearish argue
that the visible supply OF 1855, 900 bu.
10 the largest known at this season.
and It is likely to have a depressing
influence unless there should be a we,
harvest to delay the movement Of the
new crop. ,ss,sst
Provisions.
Provisions, tho dull, held steady, be-
cause the hog market was Arm. First
sales were 2js OF TO a like amount
up. including September openings at
S2o.s7t for pork, $11.s7la for lard, and
$L.67h for ribs.
Lamson Bros. & Co. Daily Grain Letter
t2oS Masonic Temple Phone 1891
Chicago, July 16-Wheat: Advances
in prices OF ocean freight room, with
July and August room pretty fully en-
gagged. speaks OF the enormous export
business which has recently been
worked. The early needs CT Europe ap-
pear to be practically limttless and
while they are not bidding vigorously
they accept practically everything Of
fered on reasonable basis. 1t would
not appear as tho Our exports for the
first ha1t OF the crop gear might be as
great as for the corresponding time
last year This would be largely at the
expense OF winter wheat stocks as our
spring wheat is likely to be needed
during the coming year at home. Re
contracts to arrive enc better pre-
miuns were paid than recently which
is not to be expected that a market
that has been so Ill viii entirely re-
cover Immediately.
Nebraska and Kansas points report
farmers unwilling to accept present
prices and very little was bought on
overnight bids. This is not surprising
when 1t is known that the Kansas
farmer has to pay more for the corn
which he buys than he can get for the
wheat he has for sale. Official advice s
from Washington give the exports of
wheat and -four for the fiscal year end
ing June 80 at AZ 100000.
Corn.
The southwest was again the leader
in corn today and their quotations
showed an advance Of a full cent Our
prices have shown an advance Of only
1s cent and so long as no serious com
plants are made by Iowa, Illinois and
Indiana. local bears will refuse to be-
4 lieve that enough damage has beer
done to justify higher prices. Our adj
vices indicate serious losses to corr
In Texas. Oklahoma, Kansas and com
plants begin to be heard from south
ern Nebraska and Iowa. Receipts are
becoming very small and while frest
shipping demand has not been heavy, il
Il Of satisfactory volume under presen
conditions.
Threshing reports showing extreme
" disappointing yields Of early oats
was a factor in advancing the marke
today Final prices were g q q high
er. Locals continue to be bearish il
spite of these reports. After nearly 81.
cents break. oats reached a level be
low that at which they were selling be
fore most serious damage to the crol
occurred From present indications on
= led to believe that after harvest rul
- - .,ss oats 10 market will he disannoint
: srsss- small and cash buyers will b
u lad to take a hold of old oats at ter
nlinal markets which, today are show
iuR q mitch better tone compared vii
future delivery prices.
Provisions.
Moderate gains were made part
Que 70 efforts to reinstate lines sol
* ont during the last few days, shipper
were In the market for ribs and tn
baying Of other product was of an in
voGtment character.
Chicago Grain Close.
Chicago, July 16
yyheot-No. red new. S6@s7; NO.