Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1914-06-20
|N[1 WHEAT FIELDS
| HARDEN The MARKET
TOO MUCH RAIN IN SPRING CROP
BELT AND PROSPECTS FOR
MORE.
ADVANCE ALL AROUND
SOON AFTER OPENING
Corn Sells at Higher Levels Because Of
Scarcity of Pit offerinss-Arsentina
Corn Grading Pooriy-oats Trade of
Small Volume Upward Slant to
Provisions.

Chicago, June 20-Complaint of too
much rain in the spring crop belt tend
ed today to make wheat firm. 1t wa:
said an excess of moisture had al
ready done considerable damage, tina
doWnpourS We're in progress thruou
the Dakotas and Minnesota and thai
predictions were for additional storms
The opening. which was 70 off to 9
shade advance was followed by a rise
all round.
The market later took a down shoot
because Of increased acceptances on
bids from here fur wheat to arrive.
The close was weak, Is to q Oh net
lower.
Corn assembled in consequence Of pit
offerings being scarce. There were
reports that the Tennessee crop was
virtually a failure and that Argentina
grading would continue bad. After
starting a shade lower to - up the
market scored a general advance.
Subsequently the market climbed
farther owing to bullish estimates of
Closing prices We're steady at u @ q
70 IS ABOVE last ulS III.
Oats.
Oats hardened with other grains but
trade lacked volume.
Provisions.
Higher prices for hogs gave provis
ions an upward slant. On the bulk,
tho, selling was noticeably large.
Daily Grain Letter.
rFrom Lamson Bros. &, Co. 203 Ma
sonic Temple. Phone 1881
Chicago June 20.-Wheat = Wheat
started strong with scattered short
covering. but on an early moderate
bulge, selling pressure, credited to one
of the leading cash interests, was so
great as to cause the loss of the early
advance as we'll as practically all OF
that of yesterday. The news was not
much different from that Of recent
days, weather being ideal for harvest
ing in the southwest and cool and
showery in the spring wheat territory.
A few reports Of too much rain in the
northwest are being received. but ac-
companied by low temperatures. it is
not thought that damage will result at
this season. 1t was noticeable that
cash interests sold considerable wheat
thought to have been hedges agains,
country purchases.
Corn-The leaderless bulls in corn
took satisfaction today in the publica-
ton Of a report on farm reserves by
a local crop expert. This report was
generally accepted as being fair rep
resentation Of conditions which they
had momentarily forgotten. Corn
prices therefore rallied in the face Of
declining markets for other grains.
Primary receipts of corn from Nov. /
to the middle Of June have. this year,
been about 80 per cent Of those of 1912
and 1913, from the very much heavier
crop Of the latter year. The moderate
stock of corn that remains in the coun
try will be wanted, to a large degree
for feeding purposes.
Oats-Oats lost about u cent after
being strong early, by buying by a To-
cal commission house. The break seems
due more than anything else to pi,
conditions and the sudden drop in
wheat.
Provisions-Higher prices for hogs
and a continued fair cash trade caused
further upturn in the list The tone
of the market was good, there being
little pressure except from realizing
sales. Improved hog prices and COO
weather may result in a slightly en-
| larged run of hogs