Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1914-06-13
EXCESSIVE MOISTURE
BOOSTS HB[A1PR|C[S
aJQaPAvoRADlE CROP DEVELOP
mTMrs NoarAwEsT AID TO
~ BULL TRADERS,
LARGE REDUCTION IN
CHICAGO ELEVATOR STOCKS
Duysw a Com Find Offerings Light
and An Forced 70 Bid Up Price,
Oats 4ardsn With Corn But Demand
10 Only Medsrass- Easier Feeling
Evident in PTovisions Market

Evident in Provisions Market
Chicago, June 13.-Fear Of an I'M
favorable crop development northwest
on account Of too much rain gave the
wheat market today flrmer zone.
There were also signs that the stock
In elevators here would show larger
reduction for the week than had oeen
expected The opening. which ranged
from u off to 4 up, was followed by
a moderate general advance.
Assertions that Nebraska as we'll as
the spring wheat states had been re-
ceiving altogether too much rain.
tended to lift the market. Closing
prices were firm at Is to " and . net
advance.
Buyers 81 corn found offerings light
and were forced to bid up prices. There
were reports that Argentina exporters
had been rebuying in the United states.
After opening q shade to 4 and y
higher the market continued to CHIMP
No important reaction occurred. The
market closed steady, u off to z and
81 up, compared with last night.
Oats.
Oats hardened with corn. Demand,
however. was only moderate
Provisions.
In provisions an easier feeling was
evident Weakness of the hog market
formed the chief reason.
Daily Grain Letter.
From Lamson Bros. g. c.. 2o3 Ma
scnic Temple. Phone 1881
Chicago. June 13.-Wheat = Shorts
showed some anxiety over the news
that further heavy rains had fallen in
Nebraska and sections Of the south
west ard so were inclined to cover
short contracts. There was enough OF
this sort Of buying to give the mar
ket a firm tone and prices ranged we'll
above closing figures of yesterday.
Some reports Of the appearance OF red
rust in certain localities received little
attention and appeared to have no In
duence ~ . market factor. Export
business was said to be out OF the
question at present prices bids being a
cent out Of line. Todays strength.
therefore, lS dtkt1OuSSo AoiSSAv ~
technical situation in the market.
Corn-Corn regained yesterdays loss
except for the December delivery,
which was lower on general rains over
the territory which has been complain
ing of drouth. The eastern demand Is
not keen but offerings from the coun-
try are extremely limited and current
receipts today were little in excess OF
local needs. Receipts for the week
here have been only about half as
heavy as those of a year ego, while
shipments have exceeded those OF the
same period last year. The theory that
dry wea Their in June was hurting the
corn probably was exploded and ne"
complaints are being received of dam
age from too much moisture. especial
Nv in Iowa. and consequent difficulty
in cultivating fields and keeping down
the weeds.
Oats = After early strength. oats
weakened on wet weather and the
prospect of it's continuance over Sun
day. There was good demand on
breaks for July oats and warehouse
men are good buyers of car lots at the
sample tables.
Provieions-Realizi by some of the
leading longs caused an easier tone II
the provisions market. July porl
shorts appeared glad of the opportunity
TO cover on the little break. Anticipa-
ton of an increased run of hogs mex
week was given as the principal cause
for the reaction. We do lot howeye
expect to see burdensome supply O
hogs in the future