Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1914-04-24
rainfall N WEST
DRAGS down WHEAT
Mo,sruRE IN NEBRASKA AND
KANSAS RESULTS IN PRICE
RECESSION.
AELL,NG NOT HEAVY AND
BUYING DEMAND FAIR ON DIP
sIewne.s Of Cash Inquiry Has DePress-
ing Effect on corn-oats Weaken
on Account Of Rains-On'y Demand
1. From Cash Houses-Provis'ons
Suffer From Lack of Support.

Chicago, April 24.-Fresh ratnfaIis
reported today from Nebraska ana
Kansas caused the wheat market 20
take a downward bound. Selling vas
not heavy and the buying demand Vas
fair on the dip. Advices that seeding
for the spring crop had made progress
IN The Dakotas and Minnesota tended
n favor the bears. Prices opened UNI
changed TO Il lower rallied triie ana
then underwent d moderate general
sag.
Rains in the spring crop region were
against any important upturn SO also
were liberal Purchases OF wheat to
come TO Chicago from Kansas CITY.
The close was steady, Is 10 "a net
lower.
s,owness OF cash inquiry. both mere
and in the southwest, had depressing
effect on corn. 1t was denied thal
Argentine sales We're being cancelled.
After opening a shade TO 4 ana ,
down. the market eased off all around.
Increased weakness followed. Inc
southwest was selling May corn mere
and quite free offerings were received
from Iowa. The close was steady al a
decline of ss612 TO asdS+ net.
Oats.
Oats weakened on account OF the
rains. About the only demand came
from cash houses.
Provisions.
Provisions suffered from lack Of sup
port. Firmness III the hog market was
virtually ignored.
Daily Grain Letter.
from Lam sons Wire 70 Bell & NlCh-
Gilman, 203 Masonic Temple. Prone
1891
Chicago. April 24.-Wheat-Altho
rains were quite general over NEBRASKA
and scattered showers reported over
the rem ainder of the winter wheat pet
the market was later temporarily weak
closing Is cent lower for July ana =
cent lower for the deferred futures. re
ports from the growing crop are not
anfavorable altho. in some sections
the plant is said to be too tnlck on the
ground and more moisture would DE
welcomed. Minneapolis reported in
! creased offerings from the country on
Tho recent advance and an increase IT
receipts there is predicted. Navigator
!. a open on the northern lakes and, D!
L.E
pdrts are expected to be heavy. Those
who favor higher prices were encour-
aged by the news that the dominion
government had again voted 10 main
tain the duty on American wheat ant
wheat products.
Corn-The short interest in corn va:
pretty well eliminated insofar as tn'
local trade was concerned and price!
consequently were easier about II cen
lower. Pressure was noticeable OF
hard spots and was attributed TO tn
interests that have for some time. beer
against the market. \ sale Of ll5,oo
bushels No. corn IN store, with tn
resultant removal of the hedge. cause
the only, upturn OF Importance in Ma!
ON account OF weat Their which has beel
very unfavorable, Argentina shipment
this week are light at about l.5UO,gV
bushels. $4,000 of which is destined 70
this country Wet weather in Argen
tina has resulted in some cancellation
of nearby shipments. re-sales naVln
been made at good profit by Amer
ican importers.
oats = The prospect of unsette
weather and weakness in other grain
caused orly moderate setback
oats. Rains so far received have bee
insufficient and complaints are com
ing in in regard to growing condition
for the newly needed crop.
OBSERVATION-DISCLOSURES trade N provision
was still unsatisfactory and the markt
Jagged. Further liquidation of Ma
product was responsible for the ger
erai easy tone and general outside in
terest was lacking. Demand appeare
to come largely from shorts.