Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1914-07-08
TEARS A[LAY[D BY
WEATHER CONDITIONS
tyoel>gAr TuRAo EAslER BECAUSE
a. LKae DANGER FROM
BLACK RUST.
YtsAo4ss.xta,rreR CROP
akoioN. AooatE EXPECTATIONS
cahse, Ai,o psoidediy Lower Corn
hlQtssr 0ooeuso Of improved Cash
Dsmsnd+isA< Offerings Have Bull
ish Effect on osks-Provisions Ad-
vance With tsooa.

weather northwest a1layed fear of
damage from black rust today and
tended to make the wheat market
easy. Besidea reports Indicated that
the yield in the winter crop region ex-
ceeded predictions. Cables were de-
cidedly lowsr than yesterday. Tho
opening, which varied from 4 off to q
shade advance, was followed by
slight rally and then decline all
around.
Prospects that the government crop
report would be bearish nullided any
chance of an upturn. The close was
weak. y to \ lower.
Corn.
Corn rose on account OF improved
cash demand here and in the south
west Oklahoma dispatches told of in
jury due TO hot and dry weather. After
starting x higher prices advanced all
around.
Reports Of Argentina shipments ar
irving out Of condition at New York
counted in favor of the bulls. So also
did urgent need of rain in Texas.
southern Illinois and elsewhere. The
close, however. was weak, u and y
and % cent next higher.
Oats.
Lightness of offerings had a bull
ish effect on oats. Price changes were
only moderate.
Provisions.
Provisions advanced with hogs Best
demand was for ribs.
Daily Grain Letter.
iLamson's daily grain letter. 203 IA
sonic Temple. Phone 1881
Chicago, July acknowledgements
{ ton of bearish government report
was offset by a strong cash situation
locally and the bullish reports from
BroomlaM stating that. foreign re-
serves OF wheat were small and that
the European crop outlook was unsat-
isfactory. There was considerable
selling pressure near the close and the
market closed at the bottom. Is @ 4
cent lower than yesterday. The gov
eminent report, estimating the total
crop at $50. 100000 bushel is regarded
az very bearish and in view Of It's
magnitude being recalled to the trade
IS likely to result in considerable pres
sure to the market. Outside OF the re-
port, however. the statistical position
OF wheat Is strong.
COrn-A better cash demand here
and at southwestern points and some
reports OF unsatisfactory progress Of
the growing crop caused bulge in
corn. New July showed congestion and
at one time was up over a cent from
last nights close. The break in wheat
resulted in rush to sell corn Just be-
fore the close. so that the net advance
for the day was only \ to g Of cent.
Both the condition and indicated yield
pared with last year, at the same time
and the total indicated yield of 2,s6s,
100000 bushels. is more than 100000,
600 bushels less than that indicated
July l, 1913.
Oats-Oats followed much the same
course as other grains, advancing
sharply early and declining near the
close Except for December which was
shade easier, prices at the close were
higher than yesterday, the July de-
livery gaining a of a cent. The con-
dition of the growing crop was reduced
s points as compared with June. An
indicated crop of 1,201. 100000 is hardly
as bearish as expected.
observation-disclosures good demand
for ribs and light movement of hogs
gave firm tone to provisions. The de-
rnand for pork is only fair and for lard
Indifferent. Most Of the sales were
thought to be in the way of realizing.
Cash trade was reported fairly good A
continued light run of hogs will be re-
fiected by higher prices for product