Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1914-05-06
RARRv GAIN DUE TO FIRM CAB.
LES AND LIGHT RECEIPTS
"a NORTHWEST.
ARGENTINA REPORTS
FAVOR CORN BEARS
Wtpa4lsee Conditions IN South AFner'-
can Republic Improved and Prices
Are Lower-Provisions Advance IN
8ymp athy With HessJRs"is" OF
Current Marksta

CHICAGO, May s.-Altho hrm cables
and the fact that receipts in the
northwest were light gave wheat some
strength at the outset today. the mar
ket edging of. Demand was scattered.
Quotations started II off to = up ana
then gradually sagged under last
nights level all around.
Ultimately lack of dry warm wealth
er in the spring crop region, especially
the Red river valley. caused renewal
Of strength. The close was steady at
a shade to A4ss net advance.
Corn.
Better weather in Argentina led to
weakness in corn. Opening prices We're
X to q lower, but all of the decline
was afterward overcome.
Assertions that the domestic acreage
this season would show an Increase
failed to prevent somewhat of an up
turn in prices. The close was steady
at the same as last night 20 Is gain.
Oats.
Oats varied with corn.
Provisions.
Provisions rose on account OF an ad-
vance in the hog market. First sales
ranged from q shade TO ~ cents high
er and there was no sign OF any i'm
portant reaction.
Daily Grain Letter.
Hanson Bros. & Co.. to Bell & Wich-
Gilman. 203 Masonic Temple. Phone
1891
Chicago. May s-Wheat-Market &C
ton in whea, was very moderate con-
sidering the volume Of the trade and
the undertone firm turnout Trade in
the current delivery is light and the
market easily Influenced by small or
ders. The family premium existing Tor
old wheat, as compared with prices
offered for new crop wheat. are prov
ing somewhat attractive 10 scattered
! holders who are selling a little more
freely. but much of this wheat is going
into the hands OF people who are sup
posed to be the leading longs in the
current delivery. Crop conditions con-
tinue ideal but while May holds firm
+ the bearishness OF such conditions is
not likely to be much reflected in the
market.
Corn-lndustrial buying Of corn in
3 store continues and stocks are beins
rather rapidly reduced. A gradual COY
erfng of May contracts with sales Of
later deliveries, particularly Septem
Der is noticed. altfo largest shorts II
May deliveries do not appear to ot
Il impatient and are probably counting or
4 fair movement Of corn during tbs
& latter part of the month. With gooC
q weather for the completion OF corr
planting there is likely TO be move
\ ment from country points, but much OF
s 1T as far as Iowa is concerned will Dc
10. the feeder trade in Missouri, anc
this market Will have TO depend FOL
fresh supplies OF northern Illinois ane
Northwestern Indiana. Southwestern
markets continue strong With rapidly
decreasing stocks.
Oats-As practically all the oats de
livered the first of the month have
,een taken by shipping houses ard r.
ceipts Cancelled for shipment. May oat:
continues to tighten as compared wiz
lie later deliveries. Seeding thruou
- entire territory is practically com
ssf Led and the new crop is starting un
"a favorable conditions. Trade !!
hight.
Proyisions-Some further improve
1 ment in values in sympathy with
firner market at yards is noted as
result of the days trade. Hog move
ment continues light which is the in
centiye of the advance. 4 slight i'm
proyenent is also noted in demand &c
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