Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1913-06-28
FAILURE HAS TENDENCY TO LES
GEN OFFERINGS ON CHICAGO
MARKET.
AnaENcE OF POSITIVE DAMAGE
REPORTS CAUSES REACTION
Sec Saw Market For Corn, Owing to
Varied Opinions 40 20 Rssuit Of Heat
On Crop Prospsets-euyins Demand
Flattsns oato Crowd After Opening
Rush-Provisions Slow.

chicago, June 7s,-Suspension OF
trading by fairly important arm that
has been on the short side Of the mar
ket, had a tendency to lessen offerings
Of wheat today and caused prices to
harden. Absence OF positive damage
reports from the northwest led to IN
creasing sales, however. and brought
about a reaction. The opening was
unchanged to = and u higher. Sep
tember started at S1h to 91A, a rise
OF 4 and 4 to =. and fell off to $685.
Afterwards the market underwent no
Important change. The close was easy,
with September Kos net lower, at
EOS.
Differences of opinion as to the crop
effects resulting from the heat mace
the corn market see-saw. Septem-
Der opened shade to IS and y higher,
At 681s to 637s. dropped to 63s anu
63h, and rallied to 63R.
Subsequent fluctuations were mar
row. The close was easy at 63s Tor
September. net loss OF u g =.
Buying demand Aattering out IN the
oats crowd after an early rush. sep
TENDER started g to q higher, at rs
to 4sh, declined to 42A, and then re-
covered to 431s.
Provisions.
Provisions were slow and disposed to
sas. First sales We're unchanged TO ="
cents down, including September OPP
lions as follows: Pork, s20.521z; LARD
311.25; ribs, $11.70.
I.rsen Bros. e. Co. Daily Grain Letter,
I9o3 Masonic Temple Phone 1881
wheat-Trade in wheat has been OF
a very indifferent character during the
past week. The close was Is to 2. low
er than a week ago. 1t is quite Hhets
that during next week or ten Gays
something may occur TO chahse tns
narrow range. This may come from
heavy pressure from the new crop OF
from such damage news. Exports are
net likely to be large until new crop
wheat is available but Argentina
shows, by her prices at the seaooalu
and by the dwindling shipments from
week to week, that she VIII not De ~.
position to furnish Europe mucn "nea'
for rhe balance OF the crop year. :,
con-Liouidation early in the weeh
nv weak holders found suosanua
huyirx orders, and extreme rallies "ele
aho1,t Pm cents. The market closes z
below TOP prices for the week and iron
~ 70 ~ cents higher than a ,~eef
aCn. Movement of corn has been nd
oval hut demand has also shown I'M
proyement and local stocks at rhs
c1ose of the month will probably OF
afho,,t 6. 0oO, 900 bushels after June rui
that total about 100000. Unde1
present conditions such stocks are oni!
normal and likely to be wanted oS
eastern consune rs during the mex
thirty days. Country advices, on the
other hand, showed decrease and art
likely TO fall of sharply after mex
weelH' holidayx-
Oats-The situation in oats has beer
similar to that prevailing in corn. Jul!
delivery has dragged because OF an
ttcipation OF heavy deliveries on Jul!
contracts which has caused increase IL
the carrying charge between the Jul!
and September deliveries. Net gain
for the week are from 4 to Ia cent
deferred deliveries showing bes
strength. Stocks at terminal markets
especially at Chicago, are liberal 10
this season but with damage to tn
new crop already accomplished an
expectation Of complaints from sec
lions which have SO far shown salts
factory condition. old supplies are like
" to be needed before new oats move
Provisions-There has been Blu
moderate demand during the week an
considerable. proft-taktng has bee
going on, especially n nearby deliver
les. While packers have been willin
to sell product on the advances. the
appeared willing to support the mar
ket whenever especial weakness wa
S.- TIE Tame run Of hogs has en-
abled them to accumulate considerabl
product which they will no doubt hop
to market during the autumn month
ut better prices.
Chicago Grain Close.
Chicago, June %.
wheat-No. red. 1906; No. 3 re
100e3; No. hard. s21s @s3A; No.
hard, s10921z: No. northern. s37s
4 ak: No. 3 northern, 1904; No. mol
thern. s1@93h: No. spring, 1903:
No. spring. 91@s3h; No. sprin
SSW91: velvet chat, 1895; durum.
est.