Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1914-04-15

Chicago, April 15,-Desp!te a mod
crate rally wheat today leaned TO the
bear SIDE. Reports OF the nearly per-
foot condition Of the winter crop out
weighted srallness of receipts IN the
northwest and scattering complaints OF
dry weather in the spring wheat belt.
The Mexican situation appeared 10
have little if any influence on the mar
ke-. The opening. which varied from
L1E lower TO a shade advance. was
followed by some hardening all around.
n,,, then quotations receded TO below
last nights level.
Later the market took a temporary
up,urn owing TO a reported spread OF
the Hessiaa fly in Kansas. The May
option continued to be tightly held.
Closing prices were unsettled, shade
lower to = q g up compared with last
night.
Corn.
Corn sympathized with wheat. The
chief buying came from pit traders
who were conspicuous yesterday as &C
tive sellers Prices started "a on to
a like amount up. made as light gen
eral gain. and then fell below last
nights figures.
Jnconfirmed rumors of lake charters
for 100000 bushels Of corn helped
TO bring about a transient bulge. The
close was irregular, 4 lower to 8 up,
compared with twenty-four hours be-
fore.
Oats.
Traders In oats seemed TO be gov
erned wholly by the course Of other
grain. Business was not large.
Provisions.
Provisions suffered from lack Of de-
mand First sales were unchanged to
cents down, and there was Z subse-
Quent further decline.
Daily Grain Letter.
From Lamson Bros. & Co.. to. Bell &
wichelman. 2O3 Masonic Temple
Phones 1881
Chicago. April 15,-Wheat-The May
delivery OF wheat was light and at the
close, prices were 12Gss higher. De-
ferred deliveries were IL higher to
shade lower. Reports of the appear
ance OF insects in the southwest were
reaffirmed. but no damage IS reported
The strength in wheat was due, more
than anything else, to the apparen
congestion in May and to dry weather
both in the southwest and northwest
Seeding has become general in tht
northwest and a continuance OF fai1
weather is predicted. Receipts OF Whea
were light in all markets and both ON
aha and Minneapolis reported higher
market for cash wheat. Weather con
ditions in all parts of the growing ter
ritory are now the influential factors.
Corn-After dull and steady begin
ming, corn was under pressure from tn'
bears. but reacted and towards the emf
of the day became very hrm Tor INT
nearby months. May was s. higher
July unchanged and September nal
,ower at the close. The widening
the different between and nearby ant
me more distant months was most.
due TO the covering Of short May an
selling out of the September hedge
Cash demand Is better than the trad
in general realize. Omaha and Bui1a
report business good. Sales from Chi
caSo are OF moderate volume owing I
the fact that corn is offered only Il
limited quantities and at stiff prices
No. mixed corn for April shipmen
sold today at 4 cent under May. Okla
homa reports considerable damage {
all crops. due to freezing weather with
in the past week.
cats-The oats market was stead
during the entire session and at IN
close, May is unchanged while IN
more distant deliveries are 4 to 3 VI
Good business is being done mere /
cash oats, but the expectation OF heaF
shipments from Minneapolis acts as
depressing influence on prices here.
Provisions-Provision market wa
under severe pressure from liquidatto
which was helped along by packer
The break in pork was particularly sc
we're. Shorts and packers were GOO
buyers on the breaks and the close va
steady tho at declines OF 40 cents Il
pork and about Is cents for lard an
ribs.