Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1913-05-13
GOD CROP OUTLOOK
'|[||DS WHEAT LOWER
FAVORABLE REPORT ON CoNDI-
1loNS BOTH IN EUROPE
AND AMERICA.
FoRgcASr OF BENEFICIAL
RAlNS IN WINTER SECTION
Gem Hits Down Grade Because Of Ex-
pscAod Showers Helpful to Recent
plantino-oats Suffers From Selling
Pressure Due 70 Relief From Drouth
-NssIsot Makes Provisions Drag.

Chicago, May 13.-Favorable crop
prospects both in Europe and America
had weakening effect on wheat. Be
sides the good weather of the last
twenty-four hours. there was a fore
cast Of beneficial rain in the American
winter wheat belt. Reports were that
the European visible supply would
show an increase. The opening was
steady to 4 down. July started at ss14
to S91A, and eased off to S9A.
Lack Of export demand induced a
further break. The close was weak
with July u to l cent yet lower, at
ssh @ss%.
Expected showers helpful to recent
planting put the corn market on the
down grade. July started unchanged
to II lower, at 56A to 56ss. and de
scended to 557s and Sc.
Improvement of eastern inquiry led
to rally but the market soon fell back.
The close was weak, at 55s4 G557s
for july q IS net lower.
Oats.
Oats suffered from selling pressure
due to promised relief from drouth IN
Illinois and Indiana. july, which open
ed uncha nged to 4 down. a So to ols,
seemed inclined to keep within that
range.
Neglect made provisions drag. First
sales were a shade to 712 cents lower,
with July pork at $500, lard at sl0.75,
and ribs at s11.
Lamson Bros. & Co. Daily Grain Letter.
nh 100
Chicago. May 13.-There was consiG
cradle selling pressure on wheat today
from all quarters. Weather conditions
continue favorable in the southwest
and bearish sentiment from that sec
ton was quite pronounced. Losses for
the day were from = 70 / cent, the
pressure on MAY being lighter than
on the more deferred months. While.
the worlds available supply as reported
by Bradstreet's did not decrease as
much as expected, the total is now
considerably less than a year ago, the
European visible being about 10000, 900
smaller than last year. This would in
dictate that the foreign demand should
continue at least as strong as 1t was
during the past. On the other hand
the trade is very much impressed with
the brilliant prospect in the winter
wheat belt.
Cofn-The general tone OF the corn
market was heavy. altho declines were
not quite so pronounced as in wheat,
the losses for the day being about
u to g cents. General rains were re-
ported during the morning over Iowa
and Illinois and will be very beneficial
to the crop already planted and put in
the ground. There arc indications that
the movement from the country will
increase materially after corn planting
is over. especially with weather con-
ditions so favorable as they now ap-
pear to be.
Oats-Rains over the sections that
have been complaining gave weak
tone to the oats market and losses of
n to "a cents We're recorded. There
was pressure both from profit takers
and from short sellers to bring about
the decline. Cash oats were reported
as being Il to q cents lower and
country offerings were considerably
lighter.
Provisions-There was a consider
ably increased trade in provisions.
Brokers acting for one of the large
packing interests led the buying, which
brought about an advance. Cash trade
showed some Improvement and WAS
also strengthening factor.