Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1914-03-23
CONTINUED GOOD OUTLOOK FOR
DOMESTIC WINTER CROP ALSO
sEARIsH FACTOR.
HEAVY CANADIAN EXPORTS
SUFFICE FOR DOMESTIC NEED
Increase Of Rural Offerings in Iowa
Exert eearish Influence on Corn
Only Selling Orders For oats-Pro.
visions Held Steady With Hogs.

Chicago, March 23.-Indifferent sales
and the continued good outlook for the
domestic winter crop made the whea.
market today inclined to sag. Heavy
exports from Canada appeared to be
displacing any need Tor shipment from
Europe to the United States. Opening
prices, which were unchanged TO X
cent lower, were followed by some a6-
ditional decline.
Afterward prices hardened when
corn turned UP grade. A big decrease
in the visible supply helped. The close
was easy but 4 TO g net higher.
Corn.
In corn the increase Of rural offer
ings in Iowa had bearish influence.
Prices at the outset We're shade to 3
and u lower and further setback en-
sued.
Attempts by shorts to cover resulted
in an upturn. The close was steady, s
and l to Us and IA cent net advance.
Oats.
Commission houses seemed 10 have
only selling orders for oats. What little
demand there was cam. from shorts.
Provisions held steady with hogs.
The market was disposed 70 keep
within 2la cents either way from Sat
urday nights level.
Lamson Bros Daily Grain Letter.
ITO Bell & Wichelman, 203 Masonic
Temple. Phone 1881
Chicago. March 23.-Wheat-With
cables lower and nothing new in the
way of crop damage, wheat started
easier with interest small and the local
element largely bearish. When corr
turned strong, there was fairly good
sized short interest, the covering OF
which caused net advance Of about
Il cents for the day. Worlds ship
ments were a little heavier than eN-
pected with Canada, Australia ana
Russia furnishing the bulk OF the
movement. The visible supply showed
a decrease of $4,000 bushels, or a
little less than last year, the total be-
ing now about 100000 less than at
this time OF year ago. NO very vide
market action is Indicated.
Corn-The start in corn indicated a
break and many traders sold -reeiE
with this in mind. Over-Sunday sales
to the east were heavy. Cash markets,
however. handled the heavy receipts
easily, and the southwestern future
markets were steady. The feeling OF
confidence in those markets was finally
felt here and the market oroadened out
with good investment buying and a
rush of shorts to cover. The nearby
delivery advanced Is to l cent, whl!e
July and September were rs cents
higher. The visible supply showed a
small decrease as compared with an
increase OF about 100000 bushels last
YEAR, when the total visible was more
than 100000 bushels larger than al
present. While the run at primary
points was fairly heavy today, It is
largely at the expense OF country ell
yator stocks. Offerings from farmers
have not materially increased with the
advance.
Oats-A little changing from May to
July gave strength to the latter, ou'
aside from this feature there was little
of interest in oats. The advance came
largely as a result Of the bulge in corn
and this tendency shows no sign o!
disappearing.
provisions-Local traders attributed
tbe strength in part 10 the advance II
grain. There was enough demand tc
more than take care Of the offerings
and lard which has been under mos
severe pressure was the strongest o.
the list.