Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1914-08-15
khEAr TRADERS MANIFEST LIT.
TIE FAITH IN GOVERN.
MENT HELP.
MARKET DEPRESSED BY
HANDICAP ON SHIPPING
y Extreme Shortage In England
Corn Sage With Wheat, With Selling
by Smail Lenas-TaIk Of Export
saies Do Not Affect Oats Market
Provisions Easisn


belief that the resumption OF export
trade would be . slow process had a
depressing influence today on the wheat
market. The Washington conference,
from which many bulls had looked for
Immediate help regarding shipments to
EUROPE, served to render more clear the
facts that much time at best would be
required to surmount difficulties.
Liverpool dispatches indicating that
no extreme scarcity was imminent in
Great Britain. counted also On the side
of lower prices. After opening S.@1 Is
down, values here underwent some ad-
ditional decline.
lack OF support resulted later in fall
reaching to 3 cents under last night. A
little rally ensued. however. on news
that the Argentine government had
been authorized TO prohibit exports the
close was steady. 21s @2as net lower.
Corn.
Corn sagged with wheat. End of the
week selling by small longs formed the
principal feature. The market opened
ss9h to ~ off, and showed but little
power.
Fairly heavy rural offerings tended
to carry prices yet lower but not in
lasting manner. The close was steady
at A@1 net decline.
Oats.
Talk OF export sales appear to
nave lost effect in the oats crowd. The
cereal had no independent action and
was governed chiefly by corn.
Provisions.
Normal receipts of hogs caused pro-
visions to ease back. First transact
tons were 21s as lower and there was
q subsequent further drop.
Daily Grain Letter.
fFroEn Lamson Bros. & Co. 2o3 Ma
sonic temple. Phone 1891
Chicago Aug. 15-Wheat: At lowest
prices today all deliveries of wheat had
experienced break of 10 cents or more
within q week. We are relatively the
cheapest market for wheat now and
there are indications that large pro-
portion OF the cash, which formerly
was held by independent exporters and
dealers. has changed hands and now is
z the property Of the larger cash hand
1ers. Foreign conditions affecting ex
port business have shown considerable
Improvement. In some cases, cash has
been deposited in this country to take
care OF purchases for export and, no
doubt, this will become more generally
the situation as time allows Of greater
improvement in the situation.
Corn-After December corn had ex-
perienced break of over 5 cents and
May had declined more than cents,
as compared with prices early In the
week, the local crowd became very en-
thusiastic sellers, but investment buy
ers OF good class absorbed the offer
ings and brought about substantial rail-
1y. The country was offering no corn
at the decline and eastern demand was
very light. Cash corn was off about 3
cents, as compared with the recent high
prices, and the movement will be fair
next week. An August movement of
corn IS rather unusual. but Is induced
by the exceptionally high prices offer
ed farmers and Is at the expense Of
what is usually September run Of
corn.
OatS-The declines in oats this week
have been rather in sym pathy with de-
clines in other grains than with in
llerent weakness in the oats situation.
Taken independently OF other grains,
the oats situation is very strong The
country is selling very little, and deal
ers who have oats bought. not only
have fine profit in their purchases,
but have an opportunity to hedge for
December or May delivery with the
assurance of an additional substantial
profit for carrying Industries. shut
Off from Canadian supplies because OF
governm ent needs there have been
good buyers in this market and there
has been continually a good eastern
demand by consumers who prefer oats
to corn at the relative value. While re-
ceipts for the week are heavy, ship
ments are also large and while some
accumulation results. such accumula :
tons are not likely to be burdensome
Provisions-The situation changed
somewhat today. lard being the strong
factor while pork and ribs showed
moderate declines Trade has been
quiet but the price of live hogs makes
prices OF product for future delivery
appear low.
Range of Prices.
Furnished by L. G. Clay, member OF
chicago Board of Trade "A East Main