Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1914-08-05
,AlnHER VALUES At WINNIPEG
LARGELY RESPONSIBLE FOR
DOMESTIC RALLY.
EARLY WEAKNESS DUE
70 BRITISH DECLARATION
Corn 10 Strong Because Of Absence OF
Expected Rains-oats Develop In
dependent Strength Because OF
seantlness Of offerinss-Provisions
Gain on Light Hog Receipts.

Chicago, Aug. s-Altho weakness
seized the wheat market as the first
result here Of England's declaration OF
war, prices were not long in making
a complete recovery and raise all
around. Higher values at Winnipeg
had considerable to do with causing the
rally here. Depression at the outset
in Chicago was due to fear that the
being would be made worse by Eng
lands entrance into active hostilities.
Reports were circulated that the Brit
ish guarantee of war risks on the ocean
had been abandoned. The opening,
which was I. to cents lower. was fol-
lowed by further moderate declines and
then by an upward swing that carried
prices 10 to "a cent above last night.
Hope of emergency action by the
United States government in fac1lllat-
ing grain exports helped to offset ad-
vices that the plans OF the British gov
eminent to guarantee war risks on
ocean shipments of wheat were being
held in allowance. The close was strong,
Us to 81. cents above last night
Corn.
Failure o. expected rains made the
corn market strong There was tenn
porary decline, however. when wheat
showed a decided break. After start
ing "A off to Il off and descending
little further, the market sagged below
last nights level but then climbed de-
cidedly higher than before.
Eager shipping call from the west
forced the advance to continue Inc
close was strong, IA TO cents net
higher.
Oats developed independent strength
on scanty offerings. The market held
sr1n thruout. regardless of the action
of other grain.
Provisions.
Falling off In hog receipts brought
about an advance in provisions. Sellers
Mere not numerous.
Daily Grain Letter.
Hanson Bros. s, Co, 203 Masonic
Temple. Phone 1881
Chicago, Aug. 5.-Wheat-Crop news
from Canada and our own northwes'
was unfavorable and the marke'
showed an advancing tendency with
apparently little more fresh trade
Generally financial situation appears
somewhat better adjustment 10 the
new conditions and while there is moth
ing definitely to report in regard TO tile
possibility of fresh export business
there appears to be growing feeling
that some way of supplying Europe
Of "
found.
Corn = Continued and persistent
damage reports from the country, when
considered IN connection with a known
scarcity OF spot supplies Of old corn,
led to a good advance which was well
sustained at the close. Good rains fell
in the western part OF the belt but the
main sections are still without the
needed moisture and a prediction o:
scattered showers did not in any re-
epect discourage buyers, many Of
whom were covering short contracts.
Oats-The rapid advance in oats TO-
day was well sustained at the close
which is at prices from "a to rs cents
higher than yesterdays close. Thresh
ing returns indicate that we nave {
spotted crop IN this country and ths
Canadian oats promise poorly. Garry
ing charges continue TO widen even OF
the advancing market Farmers arg re-
ported as Indifferent 70 price and in
clined to bin their oats on such decline:
as were recently experienced. Cast
demand showed Improvement.
Provisions-Sharp recovery IN al
product was the order OF the day. N
doubt the influences which helped ad
vance wheat had a bearing on the pro
vision situation. The wide fiuctuation
recently are not an indication of heay,
trade. but rather the reverse. Ho
movement is light and supplies i
warehouses are not likely to prov
burdensome.