Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1914-04-29
CONDITIONS OF
NORTHWEST GIVE STRENGTH
TO MARKET.
FURTHER DELAYS WHERE
3 SEEDING HAS BEEN BACKWARD
E.<fsrstes That Argentina Storms Had
RSsv,&sd in Lose Of 100000 Bushels
r.na. to,Maks Corn Firm-oats Give
WAY Under Commission House Sell.
lna-levvss Pro~isions.

Chicago, April -. - CnlaVoraple
weather in the northwest gave MT
. today to the price of wheat. Snow
and freezing temperature IN that direc-
ton were taken to mean further delay
! where seeding had been backward.
Higher cables counted also against the
bears. There was free selling. how
ever, on the bulge. Prices started n
a 81 to y higher. but afterward re-
acted to a considerable extent.
Later decided sag occurred owing
to predictions that the government crop
report would shop a higher condition
May i. than a month previous. notably
in western Kansas, Nebraska, and In
Oklahoma. The close was nervous, IL
and "a TO Z. and Is net lower.
Corn.
Estimates that storms in Argentina
had resulted in loss OF more tnan
40 o0O, 900 bushels made the corn mar
ket firm.
slackness Of eastern demand led sub
sequently TO more pronounced bearlsn
feeling. The close was unsettled. e
off to Il up, ompared with last night.
Oats.
Oats proved weak. The market sym
pathized at first with corn strength
but soon gave way under commission
house selling.
Provisions.
Declining prices for hogs carried
down provisions Initial sales Varleo
from 21a as cents to 712 cents lower
and a subsequent rally failed TO hold.
Daily Grain Letter.
Hanson Bros. & Co. to Bell & wen
Gilman, 2O3 Masonic Temple. Phone
1881
Chicago. April 29.-Wheat = The
nearer approach delivery day has
caused further liquidation in whea'
especially in the new crop futures
While local sentiment is also extreme
~ bearish, support was lacking. AS
long as present crop promise Is main
tanned buying power Will be 1ounc
lacking. Beyond an occasional small
quantity of wheat worked for promp'
shipment TO eastern exporters there Ii
little or no new business in cash. Inc
continued cold weather in the north
west while delaying seeding somewha
is more than offset by recent beneticia
rains in the southwest where needed.
fair export business developed in new
crop wheat on the break and 20o,0o
bushels were reported sold here and {
like amount at the seaboard. New
York reports liberal sales of Mantle
bas: milling sales here 10000 bushels.
Corn-There was further Equidatio,
on May contracts here today and
with anticipated liberal deliveries tn
first Of the months: and the big shorts
having covered recently; support ap
pearsd lacking. Over night sales cas-
were rather disappointing and unde
the existing conditions May corn will
no doubt. work to a further discoun
under the July and September. TIL
changing of long contracts to July an
September was responsible for tn
strength in those months. Plantin!
has become fairly general in centra
Illinois and parts of Iowa.
Oats-Selling OF May oats by scat
tered longs helped along by liberia
sales of the July by elevator interest
was responsible for the decline Tn
buying was mainly by local profes
sIonals.
Provisions-There was further heav.
liquidation in the May product an,
while packers at times appeared 4
lend the market support it was quickl,
outside buying support the market ap
pears to be seeking slowly a lowe
level.