Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1914-05-18
.B[&S|AN Fly FEAR
Strengthens WHEAT
AEPoRrS OF DAMAGE IN NEBRAS.
kA AND IOWA TEND TO
LIFT PRICES.
PROFIT TAKING BY BULLS.
LEADS TO SOME REACTION
Dry Weather and Firm Gables Aid IN
Inore asins Corn Streneth-oats Are
Governed by tho Action of Wheat and
Corn-Provisions Respond to an Up
turn in the Hog Market

Chicago, May 1s-N neat To-Day
showed strength on account Of con-
tinued spread OF Hessian fly damage
to crops. Nebraska and Iowa sent
complaints as well as Kansas, Missouri
and Illinois. Profit taking bulls, how
ever, caused reaction. The market
opened a shade off to p higher, and
made a slight further gain. but then
lost virtually all Of the advance.
Renewed strength developed as
result OF predictions that before the
end the week Hession fly damage
would be noticeable In most of the ter
ritory from Ohio to Oklahoma. The
close was unsettled. Is and Il cent
lower to ID cent higher, compared TO
Saturday night.
Dry weather and firm cables gave a
lift to corn. Buying power tho was
soon exhausted. Prices started a six
teenth down to a and Is higher and
after a little additional rise. fell back
to about Saturday nights level.
The market later broke on account
of increased offerings here 10 arrive.
The close was nervous. q 20 Is
cent net lower.
Oats.
Oats were governed by the action of
wheat and corn. Demand was only
scattered but offerings too were light.
Provis ions.
Provisions res pended 10 an upturn In
the hog market. Selling, which came
chiefly from packers, did not assume
q burdensome Volume.
Daily Grain Letter.
rIamson BROS. & Co. TO Bell & Wich-
eiman, 2o3 Masonic temple, phone
1881
Chicago May 1S-Wheat: Wheat
was higher early on stronger cables
and more damage reports. Later in the
day the deferred futures weakened and
closed a little easier, while May was
~ cent higher. The statistical news
was bullish. the visible supply decreas-
ing over 1906, 0o0 bushels and total
stocks now are nearly 100000 bush
els less than year ago. The advanced
price has caused little Increase in
receipts and has apparently cut off ex-
port business. The trade has become
a little tired of insect news and today
reports Of damage OF the Hessian Z;
were not given as serious considera-
ton as was the case last week when
the damage was first reported.
Corn-The cash market was I TO II
cent lower. due largely to increased Of
ferings. Local traders were inclined to
be bullsh. and their selling. when the
market turned weak, caused a sharp
break, especially in the July delivery.
News in regard to Argentina weather
was SO conflicting as to be of little
value. II is reported that Argentine
shipm ents for practically all of June
have been cancelled. indicating that re-
ports of unfavorable weather have
probably been we'll founded.
Oats-Oats followed the course OF
corn, but the break was not so severe.
The visible supply showed a decrease
of ISL 900 bushels and total stocks are
now about 1000, 900 bushels more than
q year ago. A few reports of ursatis-
factory progress of the corn crop due
to dry weather have been read today.
Aside from the possibility Of crop dam
age, there seems little occasion for ma
teFial advance.
Provisions-The provision list was
rather inactive and folloWe ed the gen
eral course Of the grain markets. Early
firmness on reports Of better foreign
demand for meats was followed by
easiness later in the day when packers
were free sellers.