Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1914-03-10
WEATHER FOR DO
MEsTlc WINTER CROP ALSO
PROVES A FACTOR.
OFFERS SHOW
INCREASE, AFFECTING PRICES
Fine Weather and Lower Cables Have
Weakening Effect on corn-Resting
Orders to Buy at Decline Prevent
Any Radical Setback-SeIlers Rush


today owing to bearsh cables and to
weather suspicious for the domestic
wheat crop. The decline abroad was
attributed TO favorable crop prospects
in Europe and to increasing offers
from Australia. The continued lack
OF export business was a further ele-
ment against the bulls. Prices opened
Il TO Is of a cent lower and showed
but little sign OF any power to rally.
Withdrawal Of selling pressure al
lowed the market TO react. The close
was strong, IS TO q cent higher.
Corn.
Fine weather and lower cables had q
weakening effect on corn. Resting or
ders TO buy at a decline, however. pre-
vented any radical setback. The open
ing which varied from Is to 4 cent off
70 shade advance, was followed by
a reaction out the market again turned
easy.
Falling off in receipts at interior
Illinois points and with better cash
demand here and at Buffalo helped
later 10 turn the market W grade. The
close was strong. at Is and = 10 IS
and z advance.
Sellers rushed 10 unload oats. De-
mand, however, was slow. The large
reserves on farms still seemed to exert
a decided influence.
Provisions.
Provisions sympathized with weak
1r Iirc- les
ranged from last nights level 10 IL
cents lower and later was inclined 10
hang around the bottom figures.
Lamson Bros Daily Grain Letter.
ITO Bell & Wichelman, 203 Masonic
Temple. Phones 1891
Chicago, March l0.-Wheat-After
an easier opening. due 10 weakness in
crop reports from the winter wheat ter
ritory, the market turned suddenly late
in the day and closed Is to 9. cents
higher. The cause of the advance was
urgent short covering induced. in part,
by strength in corn. Bradstreets report
showed a decrease of 2,1S2 900 as COM
pared with an increase of 100000 last
year The fact that supplies on the
under what might be expected follow
ing two large crops is likely to cause
firmness in ths May. but unless crop
conditions change very materially a
permanent advance in the later deliver
les seems unlikely.
Corn.
A bear drive early made new low lev
els on this turn, but resting orders held
by commission houses prevented a
sharp break. Late in the session, when
local shorts attempted to cover, offer
ings were light and the close found
prices IS to 2. cents higher. Advices
Of shipments were light and country
stations especially thru Iowa. Illinois
and the southwest, reported that the
movement was small and that local
feeders were paying more than ter
minal markets. Eastern demand
showed some improvement and rush
orders from New England indicated
light supplies on hand. Cash corn was
easier to sell than yesterday and cars
carried over brought 4 al cent higher
prices. Local sentiment has become
very bearish, but short sellers are dis
couraged by the stubborn resistance
encountered CT all breaks.
Oats.
AS In corn, commission house rest
ing orders checked an early decline,
but net gains for the day were very
small. May being lis higher. while
July was up Is. Wisconsin oats are
offered for shipment east at the open
ing of navigation II cent over May
via Buffalo. Heavy stocks of both do
nestle and Canadian oats continue to
be the chief obstacle to an advance.
Provisions.
Continued pressure, thought to come
from foreign accounts and from local
packers, more than counteracted the
higher prices for hogs. The market
for ribs and pork showed the greatest
weakness due to the fact that pressure
here was more insistent. Renewed in
vestment demand on the break and a
more satisfactory cash market are the
encourag cling features to holders.